article thumbnail

A new home rebound & avocado toast

Sacramento Appraisal Blog

The housing market for new homes is rebounding, but that’s definitely not how I’d describe the rest of the market. Today I have some thoughts about new construction, avocado toast, and positioning yourself for the market that is happening. Skim or digest slowly.

article thumbnail

May jobs report a mixed bag for housing industry

Housing Wire

The overall construction sector actually lost 20,000 jobs in May, though it was mostly concentrated among nonresidential specialty trade contractors. The construction sector remains an economic weak spot in many respects – it’s down 225,000 jobs from prior to the pandemic.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

DataDigest: What happens when insurance carriers abandon America’s biggest housing markets

Housing Wire

Because of historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market, major insurance carriers like State Farm and Allstate are no longer issuing new homeowner insurance policies in California. The result? Insurance policies for homeowners are skyrocketing.

Insurance 359
article thumbnail

Home prices accelerated in March even as mortgage rates climbed

Housing Wire

New construction could be the beacon of light the housing market desperately needs right now, as home builders are gaining confidence amongst rising sales, hopefully soon to translate to more residential construction breaking ground in the coming months.”

Mortgage 394
article thumbnail

[Video] Customer Story: Bozzuto

GoForrmz

“ We’re definitely saving time with GoFormz because it reduces user error and helps prevent things from getting filed incorrectly. ”

article thumbnail

Opinion: The ripple effect on the U.S. housing market from China’s real estate crisis

Housing Wire

Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff. This could make raising capital for new construction projects harder, and more expensive, everywhere. The real estate market in China, both commercial and residential, have been unwinding over the last few years. in 2008 and 2009.

article thumbnail

California looks to change rules for homeowners insurance carriers

Housing Wire

In announcing their departure from the Golden State, the two major insurers cited the increased wildfire risks in the state and rising construction costs. Right now, insurance is the first call we make when writing an offer to make sure the property is even insurable, and these new rules are definitely going to help,” Armstrong said.

Insurance 385