Housing Wire

JULY 7, 2022

We are in a unique moment in the history of housing. We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. 2022 State of the Mortgage Industry: Affordability and Inventory. Inventory rising, historically low.

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Inventory Marketing Mortgage Supply Chain 397

Housing Wire

NOVEMBER 4, 2021

To keep pace with current construction demand, and account for attrition, 740,000 new construction workers are needed each year for the next three years , a report by the Home Builders Institute contends. From 2022 through 2024, this total represents a need for an additional 2.2 million new hires for construction.

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Construction Renovations Training Development 527

Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”

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Inventory Renovations Real Estate Government 466

Housing Wire

DECEMBER 29, 2021

A bullish housing market. economic recovery was a false story and that we were about to embark on a second housing bubble crash due to forbearance. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. What a year 2021 has been.

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Housing Wire

MARCH 27, 2024

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few. Listings jumped at both the state and city levels in 2021 and 2022.

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Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. It also downsized its 2022 mortgage origination volume forecast by $55 billion to $3.25 trillion from the $4.36

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Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Elevated housing prices, lack of inventory on the market and loans falling through were the three biggest challenges surveyed professionals face in Q4. Roughly 47.4%

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Housing Wire

OCTOBER 26, 2023

Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” Compared to 2022, NAR expects the sale of new homes to grow by 4.5% For those new construction units, the national median new home price is projected to drop by 5.9% Lastly, they predict that housing starts will drop by 10.4%

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Inventory Contracts Housing Market Realtors 408

Housing Wire

DECEMBER 16, 2021

Nevertheless, while we view the trends described below as the most likely path for the economy and mortgage market in 2022, this news highlights the elevated level of uncertainty we’ve all been living with the past few years. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations.

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Marketing Mortgage Supply Chain Inventory 458

Housing Wire

JULY 26, 2023

“We immediately reach out to an insurance agent to see the insurability of the house because it is becoming more and more of a problem,” Armstrong, a Compass agent in San Diego, told HousingWire’s Brooklee Han in a feature we published Tuesday. That comes with its own risks – in many cases, wildfires.

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Insurance Housing Market Marketing Supply Chain 370

Housing Wire

NOVEMBER 3, 2023

million, falling somewhere between their March 2022 high (12 million) and their relative pre-pandemic November 2018 high (7.6 What to expect in the housing market ? In October, construction employment continued to trend up, adding 23,000 more jobs, aligning with the average monthly gain of 18,000 over the prior 12 months.

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Marketing Construction Housing Market Government 398

Housing Wire

JANUARY 6, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. The supply-demand imbalance fueling the housing market shows no signs of abating in 2022, even as homebuilders attempt to bridge the gap.

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Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). In 2023, new-home sales are up 5% year to date, Yun said.

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Real Estate Inventory Sellers Realtors 458

Housing Wire

APRIL 14, 2023

This article is part of our 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. Today, the average is 2.7

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Housing Wire

MAY 30, 2023

Low housing inventory and still-strong demand kept prices high in March, according to the latest according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. below its June 2022 peak.” Relatedly, the Federal Housing Finance Agency (FHFA) recorded a 4.3% House prices were up 0.5%

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Mortgage Inventory Construction New Listings 410

Housing Wire

JULY 18, 2023

For the seventh consecutive month, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report rose month-over-month , gaining one-point to a reading of 56, according to a report released Tuesday. This is the index’s highest reading since June 2022.

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Inventory Construction Buyers Housing Market 368

Housing Wire

JANUARY 18, 2024

This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale,” said Sam Khater, Freddie Mac’s chief economist.

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Mortgage Inventory Retail Construction 530

Housing Wire

MARCH 8, 2024

The national unemployment rate ticked up for the first time in four months to 3.9%, its highest level since January 2022, but still below the full employment rate of 4%. In February, employment continued to trend up in construction, adding 23,000 jobs month over month. Lower rates this spring could give housing market demand a boost.”

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Transportation Retail Housing Market Construction 450

Housing Wire

JUNE 2, 2023

since March 2022. The construction sector also saw job gains in May, adding 25,000 positions, thanks to a large uptick in heavy and civil engineering construction, which added 10,700 jobs. Residential building construction added 2,400 jobs during the month. The unemployment rate has remained between 3.4%

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Construction Real Estate Housing Market Transportation 384

Housing Wire

JULY 7, 2023

since March 2022. Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up. Employment in the construction industry has increased by an average of 15,000 per month thus far this year, compared with an average of 22,000 per month in 2022.

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Construction Renovations Government Inventory 369

McKissock

DECEMBER 10, 2021

As the end of the year approaches, housing market predictions for 2022 abound. Fortune reviews various 2022 housing forecasts, focusing specifically on home price growth. Redfin predicts a more balanced residential market in 2022. Predictions for the top housing markets of 2022 may surprise you.

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Housing Market Appraisal Marketing Appraisal Process 79

Housing Wire

AUGUST 4, 2023

Job gains came in lower than both the 278,000 monthly average for the first half of 2023 and the 399,000 average of 2022. since March 2022. Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space. In June, job openings eased back to 9.6

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Marketing Construction Renovations Home Improvement 354

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. In combination with low housing inventory and labor shortages, that drove up selling prices. real estate market is hot. Buyer demand continued.

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Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. Home starts forecasts, meanwhile, don’t offer much certainty about the pace of construction next year.

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Inventory Construction Mortgage Buyers 466

DW Slater Company

JANUARY 30, 2023

What’s happening in the housing markets? Well, 2022 started out with a bang as prices soared like a rocket. Mortgage rates impact housing as they affect buying power. As we look at the housing market for 2022, a clear shift has occurred. Gone are the days of bidding wars and multiple offers.

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Housing Wire

JULY 27, 2023

Home prices will be influenced by how much inventory is brought to market. Increased homebuilding will tame price growth, while limited construction will lead to home price appreciation outpacing income growth.” On the flip side, newly constructed home sales are forecast to increase 12.3% from 2022 to 2023, to 1.47

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Construction Inventory Realtors Housing Market 370

Housing Wire

MAY 6, 2022

Logan Mohtashami: One thing that has surprised me so far in 2022 is that demand is holding up better than I thought. 2022 will be the first actual negative purchase application data year since 2014. HousingWire: Will inventory finally break the streak and be positive year over year? This data line is trend survey data.

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Inventory Housing Market Marketing Construction 369

Housing Wire

FEBRUARY 15, 2024

housing market for multiple reasons, Redfin said. Census Bureau ’s one-year American Community Survey in 2022, the most recent year for which data is available. Homeowner tenure is projected to remain flat, but a larger share of homeowners remaining in place is also contributing to an inventory shortage, according to the report.

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Housing Wire

SEPTEMBER 27, 2022

housing market — it now applies to the world economy. As I noted during my recent podcast on HousingWire, things are getting sloppy in the markets, and when chaos happens, you can’t ever be sure how bad the damage is going to be. Savagely unhealthy is no longer just a term for the U.S. I can understand this mindset.

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Housing Market Inventory Marketing Construction 473

Housing Wire

APRIL 27, 2023

For the first time since November 2022, pending home sales fell in March, posting a 5.2% The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. Limited housing supply is simply not meeting demand nationally.” year over year. year over year to 4.56

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Inventory Realtors Contracts Construction 431

Housing Wire

MARCH 29, 2023

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. from February 2022. After nearly a year, the housing sector’s contraction is coming to an end,” he said in a statement Wednesday.

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Contracts Realtors Home Value Housing Market 305

Housing Wire

AUGUST 3, 2023

Some economists say that this development contributed to drive up the 10-year treasury yield to its highest level since November 2022. According to HousingWire’s analyst Logan Mohtashami , the stronger labor data had a bigger impact on mortgage rates and the bond market than the sale of long-term securities or the default rating. “The

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Mortgage Inventory Government Buyers 367

Housing Wire

JUNE 17, 2021

“Mortgage rates continued to drift down as markets concur with the view that inflation increases are temporary,” said Sam Khater, Freddie Mac’s Chief Economist. Fannie Mae ‘s economic and strategic group mirrored a similar outlook on inflation’s transitory effects on both mortgage rates and the housing market.

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Mortgage Housing Market Contracts Construction 450

Housing Wire

MARCH 2, 2022

The shopping spree, in a historically wild housing market, led to Zillow’s implosion and a lot of red ink on Opendoor’s books. The iBuying industry’s share of the housing market as a whole also dipped during the fourth quarter, dropping to 1.7% during the previous quarter. set during the first quarter of 2021.

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Housing Market Inventory Construction Marketing 370

Housing Wire

SEPTEMBER 21, 2022

With the Federal Reserve expected to raise interest rates by 75-basis points this week, the near-term future for the housing market appears gloomy. In August, NAR found that the inventory of existing homes dropped 1.5% Inventory will remain tight in the coming months and even for the next couple of years,” Yun said.

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Inventory Sellers Realtors Housing Market 370

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. So where does all that drama leave us for 2023?

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Housing Market Marketing Inventory New Listings 543

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Need for New Construction. Why Is U.S.

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