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.

Mortgage 527

Mortgage Inventory Retail Construction 527

Housing Wire

JULY 25, 2023

Usually built by one developer, they are large, custom-built residential communities that include a number of recreational amenities for residents. Land Tejas, owned by Starwood Capital Group, appeared on the list three times and was the developer behind Sunterra. All of its communities were in Texas.

Development 369

Development Real Estate Construction Inventory 369

Housing Wire

SEPTEMBER 7, 2021

Last week, the Biden administration unveiled a multi-pronged proposal for federal agencies to address the lack of housing inventory, ahead of action from Congress. Treasury and the Department of Housing and Urban Development ’s risk-based sharing program, and increase funding to existing programs.

Construction 414

Construction Government Inventory Finance 414

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. About 37% of respondents were spending money in social media and 34.8% Roughly 47.4%

Housing Market 414

Housing Market Mortgage Marketing Inventory 414

Housing Wire

APRIL 19, 2023

The sharper focus on cost is now boosting interest in modular factory-built ADUs, which tend to be less expensive and faster to build than custom onsite construction. That includes offering competitive financing, tracking the vagaries of local permitting and then helping customers through the permitting process.

Buyers 382

Buyers Real Estate Construction Finance 382

Housing Wire

APRIL 28, 2022

The residential housing market has turned quickly due to historically low inventory of homes for sale and a rapid rise in interest rates due to inflation,” Cindy Flynn, chief marketing and communications officer, said in a statement. “We, UHM is the 49th-largest mortgage lender in the country, according to Inside Mortgage Finance.

Mortgage 370

Mortgage Loan Officers Retail Construction 370

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. The NHC lauded the development.

Construction 532

Construction Renovations Insurance Landlords 532

Housing Wire

JUNE 6, 2023

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. Inventory remains exceptionally low and is restraining sales activity in much of the District.

Inventory 424

Inventory Real Estate Construction New Listings 424

Housing Wire

NOVEMBER 29, 2023

Census Bureau and the Department of Housing and Urban Development. Home construction New home construction ramped up early in the pandemic but moderated as interest rates ticked up and mortgage rates followed. The rate of homes under construction has roughly plateaued since April 2022. The figure – up 17.7%

Construction 414

Construction Finance Inventory Development 414

Housing Wire

OCTOBER 18, 2023

Department of Housing and Urban Development and U.S. However, permits for future construction recorded a 4.4% “Slower construction activity in the Northeast could reflect cooler demand as well as challenges builders face in finding availability lots,” she said. Could multifamily construction stall?

Construction 433

Construction Development Inventory Mortgage 433

Housing Wire

FEBRUARY 1, 2023

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” Most of the temporary rate buydowns offered through FBC are paid for by builders, he said. “We

Marketing 404

Marketing Government Mortgage Sellers 404

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. Kamps added that he anticipates the prices of the 80,000 lots that already have AWS will also increase if developers chose to sell them, since there currently is a finite supply.

Construction 370

Construction Agents Development Real Estate Agent 370

Housing Wire

NOVEMBER 16, 2023

On the construction side, homebuilders as well as land developers found it hard to finance projects because of high short-term interest rates. An index of 50 is neutral; higher than 50 indicates that homebuilders view conditions as favorable; and lower than 50 indicates that builders view conditions as unfavorable.

Inventory 457

Inventory Construction Housing Market Finance 457

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” From a seller’s standpoint it may make a bit more sense to sell now, so we are creating some more inventory and buyer are taking advantage of lower rates and more stable home prices.” Last year was a tough one for the Indiana real estate market.

Housing Market 433

Housing Market Marketing Inventory Construction 433

Housing Wire

OCTOBER 25, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). According to Alicia Huey, chairman of the National Association of Home Builders (NAHB), the lack of existing inventory is the reason why more homebuyers turn to new construction. On a year-over-year basis, new home sales were up 33.9%. It is down 5.4%

Inventory 414

Inventory Construction Housing Market Finance 414

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. It’s fair to say that 2022 has been a depressing year for homebuilders.

Supply Chain 382

Supply Chain Construction Inventory Finance 382

Housing Wire

MARCH 25, 2024

Department of Housing and Urban Development ( HUD ). Additionally, mortgage applications for new homes surged in February as a lack of existing homes for sale continued to fuel the demand for new construction. Meanwhile, the inventory of existing homes is loosening up. Census Bureau and the U.S. While this figure represents a 0.3%

Construction 457

Construction Inventory Housing Market Finance 457

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

Inventory 404

Inventory Renovations Supply Chain Buyers 404

Appraisal Today

APRIL 5, 2024

Significant developments have occurred in the case. The second development in the case is that on March 22, 2024, the attorneys for Drs. With shifts in existing and pending home sales, new home sales, construction activity, and economic indicators such as inflation and mortgage rates, appraisers are navigating a complex landscape.

Appraisal 76

Appraisal Contracts Business Construction 76

Housing Wire

MAY 16, 2024

A study released Thursday by fintech and personal finance website SmartAsset delved into Zillow data on new home sales. A key conclusion is that while new construction creates additional supply for first-time and move-up buyers alike, it comes with an additional expense. was $335,170, compared to $414,990 for new construction homes.”

Construction 238

Construction Law Finance Realtors 238

Housing Wire

MAY 7, 2021

Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. The study was filed out by 2,071 NAHB members and 57 developers, and nearly all of the builders — 98.9%, per the study — reported experiencing some type of regulatory cost during construction.

Construction 457

Construction Inventory Government Development 457

Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. This has driven meaningful share gains for new construction,” she added, “with the percentage of new-home listings more than doubling from long-term norms to over 30% of the market.” Taken by Felix Mizioznikov. We need to build above 1.1

Construction 370

Construction Development Finance Mortgage 370

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

Construction 442

Construction Supply Chain Inventory Housing Market 442

Housing Wire

JULY 27, 2023

High mortgage rates have triggered a rate lock-in effect across the country – disincentivizing homeowners to move and finance their new home with higher rates. million units last month , supply is mostly coming from multifamily rental construction. Though housing starts boomed in May and fell slightly to a seasonally adjusted 1.43

Construction 370

Construction Tenants Mortgage Finance 370

Housing Wire

FEBRUARY 26, 2024

When some people say millions of new homes are about to hit the market because we have so many homes under construction, this means they don’t read or understand the new home sales report. Census Bureau and the Department of Housing and Urban Development. months , the builders will pause construction. percent (±19.9

Construction 527

Construction Business Contracts Marketing 527

Housing Wire

OCTOBER 31, 2023

The Mortgage Bankers Association (MBA), the Community Home Lenders of America (CHLA), and the Manufactured Housing Institute (MHI) submitted a joint letter advocating for more mortgage financing options for manufactured homes to the U.S. Department of Agriculture (USDA). 31 earlier this month.

Finance 404

Finance Buyers Construction Inventory 404

Housing Wire

OCTOBER 25, 2023

Census Bureau and the Department of Housing and Urban Development. From Census: For Sale Inventory and Months’ Supply The seasonally adjusted estimate of new houses for sale at the end of September was 435,000. months , the builders will pause construction. This is 12.3 percent (±16.6 percent (±22.9 When supply is 4.4-6.4

Mortgage 488

Mortgage Inventory Construction Development 488

Housing Wire

NOVEMBER 27, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). However, new home sales were still up year-over-year due to a lack of housing inventory in the resale market. However, the share of new construction for sale in the third quarter was the highest ever recorded. above the October 2022 estimate of 577,000.

Housing Market 414

Housing Market Construction Inventory Buyers 414

Housing Wire

DECEMBER 15, 2021

Housing inventory remains persistently low, home prices are at all-time highs and affordability is becoming out of reach for more people with every passing day. Bill Dallas: As construction and labor costs have climbed, so, too, have home prices. HW: How is Finance of America Mortgage meeting borrowers’ unique financial needs?

Finance 393

Finance Construction Law Inventory 393

Housing Wire

JULY 6, 2023

The purchase deal includes Truland’s homebuilding assets, which consist of approximately 263 lots, 155 homes in inventory, and 55 homes in the sales order backlog. We look forward to continuing as a key lot development partner for D.R. a national residential lot development company. Horton family,” Donald R.

Contracts 370

Contracts Development Insurance Construction 370

Housing Wire

MARCH 23, 2022

Department of Housing and Urban Development and the U.S. Inventory is at a record low and homes are selling within a week of being listed – more than two weeks faster than they did in February 2020.”. After dropping 4.5% month-over-month in January , new home sales were down again in February, decreasing 2.0% in February. after a 10.4%

Supply Chain 382

Supply Chain Housing Market Buyers Construction 382

Housing Wire

MAY 12, 2021

And for those who still want to build a home from scratch, rising construction costs , limited lot sizes, and excessive red tape can make the process seem insurmountable. Considering how much construction technology, materials, and techniques have evolved, building a new home should be far simpler than it is. Opportunities to innovate.

Construction 450

Construction Logistics Technology Real Estate 450

Housing Wire

NOVEMBER 27, 2023

One of the urban myths spouted by people needing more experience tracking housing data was that millions of homes would hit the marketplace in 2023 because the builders had so many homes under construction. Census Bureau and the Department of Housing and Urban Development. months , the builders will pause construction.

Construction 450

Construction Buyers Mortgage Inventory 450

Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. This means that the doors, windows, electrical all are done by contractors after the walls have been constructed.”.

Construction 393

Construction Supply Chain Investors Business 393

Housing Wire

JUNE 21, 2021

But like the rest of the country, low housing inventory has hit the city hard. The KAAR also said housing inventory dropped for six straight months to start the new year. ” On the construction side, builders throughout the country are struggling to keep up with demand, as lumber and building material prices remain high.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Housing Wire

MARCH 19, 2021

Its apartment development business and single-family rental joint-venture, and a stake in master-planned community developer Five Point Holdings would be among the businesses being spun off into a new company. Total construction costs are down 0.7% Lennar’s stock rose nearly 11% on news of the spin-off announcement.

Development 523

Development Investing Business Construction 523

The Robert Weiler Company

APRIL 7, 2023

Commercial real estate developers are ensuring that the goal of Earth Day is being met, as evidenced by widespread initiatives in green design and sustainable building. To be clear, some of these developments have been gaining momentum for decades. reduction in operating costs in the first year and a 16.9% savings over five years.

Real Estate 109

Real Estate Construction Development Investing 109