Remove Construction Remove Development Remove Inventory Remove Supply Chain
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DataDigest: Construction costs easing for homebuilders

Housing Wire

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. High mortgage rates and home prices quelled the surge in buyer demand, and time seems to have moderated the supply chain shocks.

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June Newsletter-Easing Off the Pedal

DW Slater Company

They had simulators that you sat in and gave you all kinds of tests to develop your defensive driving skills. Economic changes, policy changes, supply chain issues, social changes, and buying power can all impact real estate. Another thing to watch is new construction. Month’s Supply of Inventory.

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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates? The inventory of existing homes remains quite tight at less than 2.5 The inventory of existing homes remains quite tight at less than 2.5 This additional inventory is sorely needed. What if it doesn’t?).

Marketing 458
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Dearth of new construction strains migration hotspot of Alabama

Housing Wire

While Alabama agents might feel good about their state’s prospects as a migratory hotspot, they must also face the repercussions of a growing population — namely increased pressure on the state’s already constrained housing inventory. Inventory was the theme last year and it is shaping up to be the theme this year,” Ellison said.

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Fewer housing permits equate to further inventory, affordability challenges

Housing Wire

Fewer homes under construction and falling permits mean dwindling options for future buyers, adding more pressure to a market already strained by tight supply,” Point2 said. The total number of homes under construction fell by 9% in 2023 while the number of permits dropped 11% year over year.

Inventory 425
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What to expect from homebuilders in 2023

Housing Wire

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. What are you expecting to see next year in terms of supply chain issues?

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New home sales fall to lowest pace in a year

Housing Wire

in May to a 769,000 seasonally adjusted annual rate, according to data released Wednesday by the Department of Housing and Urban Development and the U.S. Related supply chain issues have resulted in a big jump in the price of a new home over the past year. For new homes, that supply is sitting at roughly 5.1 in the South.