Housing Wire

FEBRUARY 15, 2023

The NAHB attributes the increase to the slight easing of mortgage rates , which the trade organization feels is a signal that the housings market might be turning, despite builders still dealing with high construction costs and supply chain issues. Builders are continuing to offer a variety of incentives.

Mortgage 396

Mortgage Supply Chain Housing Market Construction 396

Housing Wire

MAY 19, 2022

Skyrocketing mortgage rates and a slowdown in new home constructions led to a drop in home purchases in April. Mortgage applications for new home purchases dropped 10.6% in April from the same period last year, according to the Mortgage Bankers Association builder application survey. Homebuilders constructed about 1.23

Supply Chain 423

Supply Chain Construction Mortgage Development 423

Housing Wire

MARCH 23, 2022

Department of Housing and Urban Development and the U.S. This transaction volume is taking place against a backdrop of continuous supply chain and labor disruptions.”. months supply. Experts say that continued supply chain issues , labor shortages , rising material costs and rising interest rates are to blame. “As

Supply Chain 375

Supply Chain Housing Market Buyers Construction 375

Housing Wire

NOVEMBER 17, 2023

Department of Housing and Urban Development and U.S. Permits for future construction also jumped 1.1% Builder confidence declined again on Thursday for the fourth consecutive month as elevated mortgage rates have dampened homebuyer demand. Census Bureau data. gain from the revised September estimate of 1,346,000 and 4.2%

Supply Chain 383

Supply Chain Construction Finance Development 383

Housing Wire

MARCH 15, 2023

Despite the volatile mortgage rate environment and overall economic uncertainty, homebuilder confidence slowly continues to rise, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. The existing home sales market is significantly bigger than new homes.)

Supply Chain 367

Supply Chain Inventory Loan Conditions Construction 367

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 440

Construction Supply Chain Inventory Housing Market 440

Housing Wire

JULY 25, 2022

The Fannie Mae report projects “strong deceleration in home-price growth going forward” due to higher mortgage rates and the overall slowing economy affecting purchase demand. Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”.

Housing Market 393

Housing Market Marketing Supply Chain Real Estate 393

Housing Wire

AUGUST 29, 2022

Closing the housing supply gap will not happen overnight because it has taken some time to get where we are today. The construction industry has yet to fully recover from the 2008 financial crisis when it lost a big segment of its skilled construction workforce. The good news.

Construction 408

Construction Supply Chain Finance Legal 408

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 392

Construction Supply Chain Investors Business 392

Housing Wire

FEBRUARY 16, 2023

With economic uncertainty and supply chain issues plaguing the industry, homebuilders pulled back last month. Department of Housing and Urban Development (HUD). With mortgage rates back up in February, it’s likely that this momentum will be short lived.” Census Bureau and the U.S. Housing starts were down 21.4%

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Supply Chain Construction Inventory Development 354

Housing Wire

MAY 18, 2021

million — proof that builders are delaying housing starts due to the marked increase in costs for lumber and other materials, said Mike Fratantoni, Mortgage Bankers Association ‘s chief economist. Housing completions were at a rate of 1.045 million in April, just 0.1% above the March rate of 1.04

Supply Chain 545

Supply Chain Construction Government Inventory 545

Housing Wire

AUGUST 31, 2022

In 2019, they teamed up to make a $450 million equity commitment to develop 2,000 new “build-for-rent” homes. Tricon notes in announcing the latest joint venture with ASRC that it “has already invested $1 billion in developing new, high-quality rental housing and has a pipeline of over 7,000 new homes currently under development.”.

Marketing 380

Marketing Supply Chain Construction Development 380

Eyes on Housing

AUGUST 23, 2022

New home sales in July fell to their lowest level since January 2016 as the industry grapples with supply chain disruptions that are delaying new home building projects and raising housing costs as mortgage interest rates increased. Department of Housing and Urban Development and the U.S.

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Supply Chain Development Mortgage Construction 167

Housing Wire

MAY 8, 2023

In the three years prior to the pandemic, completed foreclosure auctions represented a potential affordable housing supply of 250,000 homes a year on average, according to public record data from ATTOM. A nationwide foreclosure moratorium on government-backed mortgages took effect in April 2020 and lasted through August of 2021.

Inventory 394

Inventory Renovations Supply Chain Buyers 394

Will Springer Realtor

JULY 13, 2023

Our urban area accounts for about half of the city’s economic activity, and the Seattle Chamber noted that rising office vacancies coupled with less construction could lead to $2B in decreased revenue. Local government, developers, architects and others will need to step up and take responsibility for the sake of our city.

Construction 36

Construction Supply Chain Real Estate Development 36

The Robert Weiler Company

SEPTEMBER 7, 2022

Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. Low mortgage rates have steadied, welcoming batches of new buyers eager to own a home in the market. New development projects also remain strong. Commercial Real Estate Sales.

Marketing 78

Marketing Real Estate Investing Retail 78

Will Springer Realtor

DECEMBER 8, 2021

It’s safe to say we are tired of hearing the phrase “supply-chain disruption” and experiencing its effects. Analysts believe items that are now in shorter supply – major appliances, computer chips and specialty goods, to name a few – will return to shelves and front porches by the end of 2022 as the pandemic (hopefully) ebbs.

Sellers 36

Sellers Marketing Supply Chain Construction 36

Appraisal Buzz

SEPTEMBER 26, 2022

In 2021, more than 90% of builders reported backlogs and supply scarcity. COVID-19 caused breakdowns in the supply chain and labor shortages. Building entire neighbors can encourage large-scale construction. These developed skinny towers as luxury condominiums. million migrant workers in construction.

Construction 195

Construction Supply Chain Buyers Retail 195

Will Springer Realtor

MAY 9, 2023

In many cases, the long lag time to complete projects is no longer from dreaded supply-chain issues. Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%. Legislation related to transit-oriented development did not pass.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

DECEMBER 11, 2022

In fact, mortgage demand rose as interest rates fell following October’s slowdown of inflation growth. Does this signal a peak in mortgage rates or a temporary blip? This vision has been more than a quarter century in the making to assemble the land, design, entitle and construct this community,” said James Wong, Vibrant CEO.

Inventory 36

Inventory Construction Supply Chain Buyers 36

Will Springer Realtor

MARCH 14, 2022

The supply chain, already strained, may come under renewed pressure with threats to shipping lines and air travel. Similar fears exist for the energy supply, equity markets, currencies, electric and internet grids, and defense of nations aligned against Russia. Developers can build only so many new homes at a time!

Housing Market 36

Housing Market Marketing Real Estate Supply Chain 36

Housing Wire

MAY 16, 2022

One measure would expand existing federal subsidies for multifamily housing development. Another would hand out federal tax credits for developing or rehabbing homes for owner-occupants instead of large investors, making available 125,000 homes for low- and middle-income homebuyers.

Supply Chain 371

Supply Chain Finance Development Renovations 371

Will Springer Realtor

JANUARY 7, 2022

“Headwinds the real estate market will face in 2022 include affordability, inflation in the economy, the potential of higher taxes and additional economic factors (including supply chain issues and struggles to fill empty positions).”. The biggest variable is Covid.

Construction 36

Construction Real Estate Inventory Buyers 36

Will Springer Realtor

NOVEMBER 12, 2021

shows a link between heart health and inclusionary zoning, where local governments require developers of new multifamily buildings to set aside a certain number of units for low-income housing. Also, affected by the disruptions: builders and homeowners seeking to construct or update homes. Some parts of the U.S. – Yep, me too!

Law 36

Law Inventory Real Estate Government 36

Will Springer Realtor

NOVEMBER 10, 2023

We can look back to post-World War II when HOAs helped to create the initial segregation of the suburbs with planned developments – such as Levittown in New York – and gated communities. Buyers must qualify for the mortgage at the highest rate in the offer. It’s called a buydown. It’s working well for both builders and buyers.

HOA 36

HOA Buyers Law Supply Chain 36

Will Springer Realtor

MARCH 11, 2024

Some are even considering forgoing insurance altogether, risking their financial security once mandated by mortgage lenders. >> Seattle metro has benefitted from 6138 new apartment units in 2023, according to data compiled by John Burns Research and Consulting, which forecasts another 25,687 units in development.

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Insurance Sellers Real Estate Buyers 36