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. Industry workers didn’t pull back on investing in professional development, with the majority (51%) spending money to reach potential clients. in events to garner business.

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Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership.

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Housing Wire

MAY 3, 2024

To address this looming crisis, the pace of construction will need to increase significantly, the report states. To ensure that our regional economy remains vibrant and competitive with other global centers, we must act expeditiously to organize critical investment and innovative partnerships to increase housing stock.”

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Investing Housing Market Construction Development 420

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors. Anchor Loans was acquired by investment firm Pretium in November 2021.

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Investors Housing Market Finance Construction 441

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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Housing Wire

FEBRUARY 24, 2023

Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. The uptick in the sales pace resulted in just 439,000 new homes remaining on the market at the end of the month, representing 7.9 Looking ahead, experts are optimistic about the spring selling season for new construction.

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Housing Wire

MARCH 1, 2022

The company says it will use the funding to scale its operations, accelerate its research and development and expand construction into new markets. Through this building process, Veev says it can build homes up to four times faster than standard construction industry standards, which in turn can bring down costs significantly.

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Construction Development Design Inspection 397

Housing Wire

APRIL 2, 2021

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. Despite increased rate of tech adoption, the mortgage industry still has room for continued development and processes. Labor Department.

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Housing Wire

APRIL 4, 2024

Department of Housing and Urban Development (HUD) on Thursday announced a new series of affordable housing grants totaling $13.5 million in “sweat equity grants” will go to support four nonprofit housing providers. million in “sweat equity grants” will go to support four nonprofit housing providers.

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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

JULY 6, 2023

Real estate markets also speak to resilient conditions, as buyers have accepted mortgage rates in the new normal of 6% – 7% range and kept a steady pace of sales over the past few months. jobs market remains strong with U.S. jobs market remains strong with U.S. However, we have a way to go to regain balance.”

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Mortgage Construction Inventory Investors 384

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

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. More housing supply is good news for future shelter inflation readings in the market.

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Inventory Construction Buyers Housing Market 370

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.

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Development Real Estate Construction Inventory 369

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

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. Fortunately, it’s not all bad news. of builders showed profitability with $1 million plus contracts on average. Homebuilding Contract Values.

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Marketing Contracts Supply Chain Project Management 473

Housing Wire

JUNE 17, 2021

Fannie Mae ‘s economic and strategic group mirrored a similar outlook on inflation’s transitory effects on both mortgage rates and the housing market. “With inventory tight, the slowdown in demand has yet to impact prices, meaning the summer will likely remain a strong seller’s market.”.

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Mortgage Housing Market Contracts Construction 450

Housing Wire

MAY 17, 2023

Senate and House of Representatives have introduced a new bill, the Affordable Housing Credit Improvement Act (AHCIA), which could help spur the construction of two million affordable housing units over the next 10 years. The bill has been introduced in both chambers and seeks to expand the low-income housing tax credit.

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Housing Wire

AUGUST 10, 2023

In June, insurance giants State Farm and Allstate pulled out of California’s home insurance marketplace, citing mounting construction costs. The actions contributed to instability in the state’s insurance markets which could have significant implications for homebuyers.

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Insurance Construction Realtors Development 370

Appraisal Buzz

MAY 2, 2022

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? Construction Sites Will Stay on Schedule. construction sites. About $17 billion will be used to strengthen ports that have suffered due to inflation, improving the supply chain for building and construction.

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Real Estate Supply Chain Marketing Construction 435

Housing Wire

SEPTEMBER 20, 2023

Additionally, apartment construction is strong , which puts an additional pressure on landlords to avoid vacancy. On the housing market, he noted that activity “picked up somewhat” although it remains well below the levels of a year ago, largely reflecting higher mortgage rates. a year earlier.

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Housing Market Mortgage Landlords Marketing 450

Housing Wire

NOVEMBER 6, 2020

Residential construction employment (including specialty trade contractors) posted another large increase this month, with job gains of 24,000, which Doug Duncan, chief economist at Fannie Mae , said is a welcome sign for a sector dealing with supply constraints. “Six But despite residential construction employment climbing back to only 0.8%

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Construction Housing Market Retail Business 346

Housing Wire

AUGUST 20, 2020

The Multifamily Production Index rose 10 points to 37, which is still below the break even point of 50, indicating that more builders and developers viewed conditions as weaker than stronger, NAHB said. It is important to note, however, that demand remains subdued in the multifamily market due to higher unemployment numbers,” the report said.

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Development Housing Market Marketing Construction 491

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. He wants to see balance.

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Housing Market Inventory Marketing Construction 473

Housing Wire

MARCH 7, 2024

The White House announced that President Joe Biden will call on lawmakers in the House of Representatives and the Senate to address a series of housing issues in his State of the Union address, which will be delivered to a joint session of Congress and televised nationally on Thursday night. The NHC lauded the development.

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Construction Renovations Insurance Landlords 534

Housing Wire

MAY 31, 2023

housing market is not a monolith, so today we’re going to look at some markets where affordability is within the normal renter’s reach. In a study published this week, First American economist Ksenia Potapov analyzed the share of homes that are affordable to the median renter in any given market. But the U.S.

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Insurance Clients Marketing Housing Market 384

Housing Wire

NOVEMBER 5, 2021

He has also served as as chief operating officer of Better Homes and Gardens Real Estate, as well as senior vice president of Membership Development for Better Homes and Gardens Real Estate. Below, DeNicola answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article?

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Real Estate Brokerage Construction Business 370

Housing Wire

MAY 25, 2021

Census Bureau and the Department of Housing and Urban Development. In order to account for uncertain prices and availability of materials, homebuilders are holding off on making homes available until they are further along in the construction process. ” Technology for navigating secondary market challenges. .

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Construction Technology Development Marketing 421

Housing Wire

JUNE 7, 2023

Arizona state officials announced last week that there is not enough groundwater for all of the construction that has already been approved in the Phoenix area. Housing affordability will be a challenge moving forward,” Spencer Kamps, a lobbyist for the Home Builders Association of Central Arizona , told the New York Times.

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Real Estate Transportation Development Housing Market 370

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.

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Mortgage Inventory Government Buyers 370

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, It made way for the creation of 450 new jobs after the construction ended in summer 2021.

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Mortgage Loan Officers Retail Construction 370

Housing Wire

JULY 25, 2022

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. 5, according to the document reviewed by HousingWire.

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Human Resources Loan Officers Construction Mortgage 370

Housing Wire

OCTOBER 14, 2022

HW Media : What do you think will be the big themes for the housing market in 2022? Vicki Brown: The change in the market after the pandemic has been challenging for lenders. We’ve been servicing HELOCs, including open-ended, second liens, construction loans and loss mitigation solutions for years.

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Clients Technology Business Construction 409

Housing Wire

JULY 6, 2023

The Leading Indicator of Remodeling Activity, or LIRA, a measure developed by Joint Center for Housing Studies at Harvard University , seems to support Mohan’s assessment, showing that year over year “expenditures for home improvements and maintenance will post a modest decline of 2.8%

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Inventory Renovations Real Estate Government 466

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 310