Housing Wire

MAY 11, 2024

However, this year, even though the spreads are still historically bad, they’ve improved over last year, which is a plus for the housing market. 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.

Mortgage 449

Mortgage Inventory New Listings Housing Market 449

Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.”

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Finance Construction Tenants Renovations 485

Housing Wire

APRIL 9, 2024

David O’Reilly, CEO of Howard Hughes Holdings which constructs planned communities, describes the market being “at the cusp,” saying that the demand appears to be coinciding with more members of Gen X nearing a time where they will become “empty nesters.”

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Buyers Construction Realtors Development 500

Housing Wire

JANUARY 23, 2024

But the parks — which employ an estimated 110,000 people collectively — are also facing headwinds due to their employees’ struggles to afford housing , and now both NBCUniversal and The Walt Disney Company — owners of the major parks — are aiming to address it, according to reporting from Bloomberg.

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Development Tenants Investing Design 420

Housing Wire

SEPTEMBER 26, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said. In August, the sales pace of new homes fell 8.7%

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Inventory Buyers Construction Sellers 500

Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. Overview of findings The report was released to the public in November 2023. A study commissioned by the U.S.

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Development Appraisal Property Appraisal Insurance 334

Housing Wire

JANUARY 13, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. This number is expected to increase to 72% in 2023. Here are a few key factors that are impacting the homebuilding market.

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Marketing Contracts Supply Chain Project Management 473

Housing Wire

SEPTEMBER 20, 2023

In spite of a higher-than-expected CPI reading in August, core inflation readings have been falling every month in 2023. Other labor market indicators, such as job openings and the unemployment rate , also point to a cooling economy, Danielle Hale, chief economist at Realtor.com noted. a year earlier.

Housing Market 450

Housing Market Mortgage Landlords Marketing 450

Housing Wire

MAY 25, 2022

While some buyers still enjoy finding their new construction home the old-fashioned way —spending a Saturday driving through neighborhoods — the National Association of Realtors (NAR) reports that 97% of homebuyers, regardless of age, use the internet in their home search.

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Construction Real Estate Buyers Sellers 458

Housing Wire

MAY 14, 2024

In February 2023, FHA Commissioner Gordon announced a 30-basis point cut in FHA annual premiums. Last week, we wrote a letter to FHA , offering constructive suggestions to ensure a level playing field between borrowers where the seller agrees to fund buyer brokerage commissions and where the seller doesn’t.

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Sellers Realty Insurance Realtors 365

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. Powell: There are also longer run issues though with the housing market.

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Housing Market Inventory Marketing Construction 473

Housing Wire

MARCH 26, 2024

Then, the housing market takes off like a rocket with home values exceeding all expectations. The rate of inflation for 2021, 2022, and 2023 was 4.7%, 8.0%, and 4.1% Pursuant to the Center for Microeconomic Data, aggregate delinquency rates also increased in the fourth quarter of 2023. As of December 31, 2023, 3.1%

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Law Real Estate Property Taxes Marketing 432

Housing Wire

JULY 6, 2023

Fannie Mae recently projected originations for 2023 at $1.59 New-home sales are up 20% year over year as of May 2023 while sales of existing homes are down by the same level, resulting in new-home sales accounting for some 30% of total housing inventory. “As million more housing units to meet existing demand.

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Inventory Renovations Real Estate Government 466

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.

Mortgage 370

Mortgage Inventory Government Buyers 370

Housing Wire

MAY 7, 2024

Department of Housing and Urban Development (HUD) and the White House announced $5.5 The funding is designed to address a series of local needs including affordable housing , homelessness assistance and community development. Of the total funding, $3.3 Another $1.3

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Development Tenants Construction Investing 500

Housing Wire

MAY 14, 2024

As a result, some homebuilders have doubled down on the construction of built-to-rent (BTR) homes. In 2023, a record 93,000 new single-family homes for rent were completed, up 39% from 2022, according to a report by The Wall Street Journal. Many builders feel bullish about places that are low on rental supply.

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Construction Tenants Development Real Estate 450

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We In mid-June 2023, the statewide 90-day average Altos Market Action Index score hit a high for year of 53.99, before sliding down to a trough of 40.03

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Housing Market Marketing Inventory Construction 441

Housing Wire

OCTOBER 18, 2023

Housing starts climbed to a seasonally adjusted annual rate of 1,358,000 in September, according to U.S. Department of Housing and Urban Development and U.S. However, permits for future construction recorded a 4.4% It showed the biggest drop in confidence since January 2023. Could multifamily construction stall?

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Construction Development Inventory Mortgage 441

Housing Wire

MAY 3, 2024

We have so much new construction happening. You have a lot of apartment complexes and multifamily units, but there is not as much single-family construction happening, and if it is, it tends to be pretty far outside the city, or it is a custom home that is $2 million on up.” metros with the highest net in-migration in 2023. “We

Inventory 397

Inventory Housing Market Marketing Real Estate 397

Housing Wire

JANUARY 25, 2024

9, 2022, not only helped the housing market build more homes, but it also boosted the U.S. economy because single-family permits grew in 2023. The new home sales sector employs construction workers and stimulates the purchase of goods and services to build those homes: everything from windows to garage doors, flooring and more.

Construction 504

Construction Housing Market Inventory Marketing 504

Housing Wire

AUGUST 14, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends and data across the country. I absolutely love the Columbia Basin and the reason is that we are a unique market. The combination of these factors has resulted in a hot housing market. A score of 30 denotes a balanced market.

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Housing Market Marketing Inventory Agents 368

Housing Wire

FEBRUARY 13, 2024

Between July 1, 2022, and July 1, 2023, Alabama’s population grew by 34,000 people, according to estimates published by the U.S. Additionally, the 2023 National Movers Study conducted by United Van Lines ranked Alabama No. New construction is backed up,” she said. Clearly, Piccinini isn’t the only one who thinks so.

Construction 410

Construction Supply Chain Inventory Agents 410

Housing Wire

NOVEMBER 29, 2023

Census Bureau and the Department of Housing and Urban Development. Homebuilders are also pacing the number of homes they bring to market. Home construction New home construction ramped up early in the pandemic but moderated as interest rates ticked up and mortgage rates followed. for the third quarter of 2023.

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Construction Finance Inventory Development 421

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. BH: What are you expecting to see in terms of demand for new construction heading into 2023?

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Supply Chain Construction Inventory Finance 384

D Fritz Appraisals

JUNE 28, 2022

What do Experts Think the Victoria, BC Housing Market Will Look Like by 2027? The state of Victoria’s housing market is never far from anyone’s mind, especially for first-time home buyers, those moving to a new area or for people looking to sell. Pace of Real Estate Market Steady into Spring.

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Real Estate Marketing Inventory Housing Market 105

Housing Wire

AUGUST 16, 2023

In certain parts of the Phoenix AMA that do not have a designated water provider, builders and developers need a certificate of AWS to obtain a building permit. Due to the restrictions these regulations have created, Kamps said the HBACA is concerned about the area’s housing supply and housing affordability moving forward.

Construction 370

Construction Agents Development Real Estate Agent 370

Housing Wire

DECEMBER 16, 2021

A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates? trillion in 2022, perhaps the bigger shift is the transition from a refi to a purchase market.

Marketing 458

Marketing Mortgage Supply Chain Inventory 458

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. in 2022 but will drop to 4% in 2023. in 2022 but will drop to 4% in 2023.

Housing Market 397

Housing Market Marketing Supply Chain Real Estate 397

Housing Wire

NOVEMBER 10, 2022

David Meyer is thankful that his business is still plugging along during the wildest housing market in decades. With mortgage rates hovering around 7% and home prices still at record highs, buyers across America are calling off the house hunt and finding multifamily apartments. . Department of Housing and Urban Development.

Construction 458

Construction Supply Chain Buyers Development 458

Housing Wire

JANUARY 18, 2024

Despite lower mortgage rates , housing starts ended the year on a downturn, after posting a large monthly gain in November. New construction starts fell to a seasonally adjusted annual rate of 1.460 million units, down 4.3% Department of Housing and Urban Development (HUD). Census Bureau and the U.S. compared to 2022.

Construction 466

Construction Real Estate Housing Market Buyers 466

Housing Wire

FEBRUARY 26, 2024

Department of Housing and Urban Development ( HUD ). increase from the revised December rate of 651,000, it falls slightly below market expectations. rise from the January 2023 pace of 649,000 units sold. New homes constitute slightly more than 30% of the total active inventory in the market. It also marked a 1.8%

Construction 432

Construction Development Housing Market Government 432

Will Springer Realtor

DECEMBER 11, 2022

The world of construction appears to be one of the only commodity-based industries yet to become truly efficient in the production of homes, office space and specialty structures. Robert Gordon, a noted Northwestern University economist, estimates the construction industry recorded negative productivity growth around the turn of this century.

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Construction Architecture Real Estate Design 36

Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. The legislation would provide several tools to help stem the loss of Section 515 affordable-housing in rural America.

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Tenants Finance Construction Government 500

Will Springer Realtor

NOVEMBER 9, 2022

Bellevue will be abuzz in 2023 with the scheduled opening of a luxury development that will feature a blend of exclusive shops and restaurants, a five-star hotel and two condo towers. Construction is only a few floors away from topping out at around 25 stories. Mira Flats sold out its 162-unit supply exactly a year ago.

Construction 36

Construction Development Housing Market Buyers 36

Housing Wire

FEBRUARY 5, 2024

An estimated 668,000 new homes were sold in 2023, 4.2% Department of Housing and Urban Development. In the fourth quarter of 2023, almost 32% of U.S. single-family homes for sale were new construction, similar to the percentage from a year earlier and good for the highest level of any fourth quarter on record.

Construction 441

Construction Housing Market Buyers Sellers 441

Housing Wire

MAY 15, 2024

With mortgage rates hovering north of 7% for the past few months, builder confidence declined for the first time since November 2023. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) sat at 45 in May, down 6 points from April ’s reading of 51, according to data released on Wednesday.

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Buyers Housing Market Insurance Construction 438

Housing Wire

MARCH 25, 2024

Department of Housing and Urban Development ( HUD ). rise from the February 2023 pace of 625,000 units sold. Builder confidence, as measured by a survey from the National Association of Home Builders (NAHB), improved to a reading of 51 in March , its highest level since July 2023. Census Bureau and the U.S.

Construction 463

Construction Inventory Housing Market Finance 463