Eyes on Housing

DECEMBER 25, 2023

With the end of 2023 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. Two such posts focused on home prices and construction costs.

Construction 166

Construction 166

Housing Wire

MARCH 4, 2024

In many respects, 2023 was the year of the homebuilder. New construction accounted for approximately 30% of active for-sale housing inventory, doubling the usual figures for a standard year. The persistent scarcity of existing homes drove buyers toward newly built properties, allowing builders to maintain double-digit margins.

Construction 367

Construction Inventory Sellers Buyers 367

Housing Wire

FEBRUARY 24, 2023

New home sales started off 2023 on a positive note, rising 7.2% The backlog of new construction homes continues to emerge into the market just in time for the spring shopping season,” Nicole Bachaud, Zillow ’s senior economist, said in a statement. Census Bureau and the Department of Housing and Urban Development (HUD) on Friday.

Construction 424

Construction Contracts Buyers Development 424

Eyes on Housing

FEBRUARY 23, 2024

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. For the fourth quarter of 2023, there were just 4,000 2- to 4-unit housing unit construction starts. This is flat from a year prior. Read More ›

Construction 158

Construction Development 158

Eyes on Housing

JANUARY 31, 2024

NAHB analysis of Census data shows that private residential construction spending rose 1.4% The 2023 annual spending on private residential construction was $864.9 The monthly increase in total construction spending is attributed to more. in December, marking three months of gains. billion, 5.8%

Construction 187

Construction 187

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% 11, a decrease from last week’s 6.66%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

Mortgage 527

Mortgage Inventory Retail Construction 527

Eyes on Housing

OCTOBER 2, 2023

NAHB analysis of Census Construction Spending data shows that private residential construction spending rose 0.6% It is the fourth consecutive increase since May 2023, standing at a seasonally adjusted annual pace of $879.9 However, total private residential construction spending is still 3.1%

Construction 182

Construction 182

Housing Wire

APRIL 24, 2023

“The economic slowdown has resumed – whether the end result is a modest recession or simply a soft landing remains unanswered – although we continue to expect the former, as we have since April of last year, when we first made our 2023 recession call,” Doug Duncan , senior vice president and chief economist at Fannie Mae, said. decline.

Construction 379

Construction Inventory Lending Mortgage 379

Eyes on Housing

JANUARY 12, 2024

According to the latest Producer Price Index report, growth in the average price level of inputs to residential construction less energy (i.e., in 2023 (not seasonally adjusted). in 2023, down. building materials) fell from 15.0% in 2022 to 1.3% On a monthly basis, building materials prices rose 0.1% in November (revised).

Construction 179

Construction 179

Eyes on Housing

AUGUST 23, 2023

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. For the second quarter of 2023, there were just 3,000 2- to 4-unit housing unit construction starts. This is down from a year prior. Read More ›

Construction 148

Construction Development 148

Housing Wire

JULY 6, 2023

In addition, builders are recognizing the demand and the opportunity it presents, and they are pushing construction activity higher – about one-third of homes on the market are new construction, more than double normal levels. jobs market remains strong with U.S. or even a little higher.

Mortgage 382

Mortgage Construction Inventory Investors 382

Housing Wire

APRIL 4, 2024

Despite recent data indicating a poor affordable housing situation in Texas , the city of Houston must return $45 million in unused affordable housing funds to the state after failing to use them for construction of new homes. Instead, the city failed to begin construction on the homes in a timely manner.

Construction 430

Construction Government Housing Market Finance 430

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. LOs are aligning their strategies to target the purchase market, as rates are not expected to drop in a meaningful way in 2023.

Renovations 401

Renovations Realtors Construction Mortgage 401

Housing Wire

MAY 7, 2024

It is shipped from the Boxabl manufacturing facility in Las Vegas and is “designed to unfold into a fully functional dwelling unit in just a few hours,” reducing construction costs and minimizing environmental impacts, according to a company news release.

Construction 417

Construction Tenants Design Finance 417

Housing Wire

SEPTEMBER 27, 2023

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey. Home price gains hit a new high , rising 0.6%

Housing Market 407

Housing Market Mortgage Marketing Inventory 407

Housing Wire

JULY 25, 2023

New home sales among the “50 Top-Selling Master-Planned Communities” increased by 7% in the first half of 2023 compared to the same period in 2022, according to a study by RCLCO Real Estate Consulting. Most MPC developers remain optimistic about the second half of 2023, according to RCLCO.

Development 331

Development Real Estate Construction Inventory 331

Housing Wire

DECEMBER 20, 2022

Economists believe that if the trend continues, the market will be able to improve in the second half of 2023. . “The latest data on the housing market show that homebuilders are pulling back the pace of new construction in response to low levels of traffic, and we expect this weakness in demand will persist in 2023, as the U.S.

Mortgage 404

Mortgage Housing Market Retail Contracts 404

Eyes on Housing

MAY 17, 2023

Single-family built-for-rent construction has cooled as investor interest has pulled back on tighter financial conditions. This is almost 7% lower than the first quarter of 2022.

Construction 175

Construction Design Investors 175

Housing Wire

MAY 14, 2024

The Marcus Skenderian Real Estate Group works across commercial real estate , architecture, construction , development and residential sales. In 2023, the team was ranked No. 1,255 among small real estate teams in California, according to the RealTrends Verified rankings. The team recorded $24.1 million in sales last year.

Real Estate 359

Real Estate Architecture Construction Tools 359

Eyes on Housing

NOVEMBER 28, 2023

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. For the third quarter of 2023, there were just 3,000 2- to 4-unit housing unit construction starts. This is down from a year prior. Read More ›

Construction 109

Construction Development 109

Eyes on Housing

FEBRUARY 5, 2024

billion in the last quarter of 2023, after a 5.5% According to the data released by Bureau of Economic Analysis (BEA), private fixed investment in student dormitories inched up 1.2% to a seasonally adjusted annual rate (SAAR) of $3.96 increase in the third quarter. Private fixed investment in dorms was 10.2% Read More ›

Construction 171

Construction Investing 171

Eyes on Housing

MAY 24, 2023

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. For the first quarter of 2023, there were just 4,000 2- to 4-unit housing unit construction starts. This is flat from a year prior. Read More ›

Construction 179

Construction Development 179

GoForrmz

JANUARY 26, 2023

Join construction industry leaders in a live, roundtable discussion about construction tech solutions 2023 is likely to continue to bring challenges to the construction industry, including labor shortages, high material costs, and rocky economic conditions. Register for the Webinar

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Construction Technology Design Clients 78

Housing Wire

JANUARY 5, 2024

economy in 2023, an average monthly gain of 225,000, according to the BLS. Job gains occurred mainly in government, health care, social assistance and construction in December, while transportation and warehousing posted fewer jobs. Economists were expecting an addition of 170,000 jobs. With December’s numbers in, a total of 2.7

Transportation 428

Transportation Construction Government Investors 428

GoForrmz

MARCH 1, 2023

The GoFormz team will be exhibiting at the New York Build Expo 2023! We couldn’t be more excited to be in attendance at the New York Build Expo at the Javits Center, on March 8 & 9, 2023. New York Build Expo 2023 New York Build is attended by thousands of AEC & real estate professionals. Do you have your tickets yet?

Construction 148

Construction Project Management Business Real Estate 148

Eyes on Housing

MAY 26, 2023

While mortgage rates were stabilizing in the first quarter of 2023, rates on loans for Acquisition, Development & Construction (AD&C) continued to climb, according to NAHB’s quarterly Survey on AD&C Financing.

Construction 103

Construction Development Finance Mortgage 103

Housing Wire

MAY 11, 2024

Since November 2023, when mortgage rates started to fall, we have had 12 positive prints versus nine negative prints and two flat prints week-to-week. This is a significant shift, considering 2023 marked the lowest level ever recorded. Also, purchase application data can be a funky data line to sometimes track the percentage.

Mortgage 418

Mortgage Inventory New Listings Housing Market 418

Housing Wire

MAY 15, 2024

Record levels of new apartment construction in some markets in 2023 started bringing rents down,” Sturtevant said. However, the number of permits issued for the construction of new multifamily buildings has declined and deliveries of new apartments will slow in 2024.

Construction 297

Construction Investors Marketing Mortgage 297

Housing Wire

MAY 6, 2024

Mortgage tech platform Modex shows the lender originated about $250 million in mortgages in 2023, compared to about $422 million the previous year. million in mortgages last year, mainly for building and construction. Meanwhile, according to the same data sources, CCBank has only 10 licensed LOs and originated only $7.5

Mortgage 403

Mortgage Retail Loan Officers Construction 403

Housing Wire

JANUARY 9, 2024

Here are a few trends in financing that will continue to catalyze the construction of more ADUs: Expanded access to mortgage financing The Federal Housing Authority announced a new policy in October 2023 that has made it easier to finance construction of new ADUs, as well as making it more achievable to buy or refinance a house with an existing ADU.

Finance 471

Finance Construction Tenants Renovations 471

GoForrmz

FEBRUARY 15, 2023

Watch the recording of this roundtable discussion all about making the most of technology in your construction business. In 2023, the construction industry will continue to face labor shortages, high material costs, and rocky economic conditions.

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Construction Technology Development Business 78

Eyes on Housing

JANUARY 5, 2024

December’s jobs report concludes another solid year of job hiring in 2023. Job gains moderated in 2023 with an average 225,000 monthly employment growth but remained strong. In December, total nonfarm payroll employment increased by 216,000, and the unemployment rate held steady at 3.7% for the second month.

Construction 158

Construction 158

Eyes on Housing

JANUARY 30, 2024

However, the December data showed an uptick due to stronger than expected GDP growth for the fourth quarter of 2023. This is consistent with a cooling economy that is a positive sign for future inflation readings. In December, the. Read More ›

Construction 166

Construction 166

Housing Wire

DECEMBER 4, 2020

More importantly, he said the current environment may even holdup into 2023. “We Slower value growth will most likely occur from increased sales-inventory, which has been putting upwards pressure on prices for months now though recent housing starts data from the Census Bureau shows construction is finally playing catch-up.

Mortgage 506

Mortgage Contracts Construction Inventory 506

GoForrmz

JANUARY 3, 2023

We are thrilled to be attending World of Concrete in Las Vegas, Nevada, January 17-19, 2023. World of Concrete 2023 World of Concrete has been serving the global concrete and masonry construction industry for almost 50 years. How Can GoFormz Help Your Construction Team? Will we see you there? But what does this mean?

Construction 148

Construction Project Management Technology Training 148

Housing Wire

MARCH 7, 2024

Planet is pioneering the future of mortgage lending with novel products like Cash 4 Homes, 1st Year Flex, Purchase EDGE, one-time close construction loans, and bridge, renovation and manufactured home loans,” Long said. As the 12th-largest mortgage lender , Planet Home Lending posted an origination volume of $25 billion in 2023, a 5.3%

Retail 400

Retail Lending Renovations Construction 400

Housing Wire

FEBRUARY 12, 2024

Stratmor Group served as the adviser to AFR for the deal, which was announced in August 2023 and completed on Feb. It also has a niche in construction and manufactured home loan programs. He was previously at UMortgage , holding the role of vice president of revenue.

Lending 374

Lending Renovations Construction Finance 374