Will Springer Realtor

JULY 12, 2023

We certainly see that in all forms of residential real estate – from new construction to finding items for the home. The brighter news is that labor shortages and supply-chain disruptions are improving but it’s hardly “back to normal.” Without feeding one, we cannot quench the thirst of the other.

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Housing Wire

DECEMBER 16, 2021

How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates? Yes, if we were to get a spike in mortgage rates or some other shock that leads to an abrupt drop in demand right when the new supply arrives. Will home price growth slow in 2022? What if it doesn’t?).

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Marketing Mortgage Supply Chain Inventory 458

Housing Wire

FEBRUARY 13, 2024

In Birmingham, ERA King Real Estate agent Anna-Maria Ellison said that even without lower mortgage rates, she is seeing buyers return to the market. “It New construction is backed up,” she said. It is not necessarily interest rates being high or low, it is just them staying put for a longer amount of time,” Ellison said.

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The Robert Weiler Company

APRIL 5, 2023

The pandemic created a spike in e-commerce sales and the need for data centers, transforming the industrial real estate market both nationally and locally, in Columbus, Ohio. Industrial real estate investors and developers can’t add new properties to the market fast enough.

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The Robert Weiler Company

NOVEMBER 9, 2022

As a full-service commercial real estate and appraisal firm with 85 years of experience, we’re here to help you achieve your goals. Also, see why Columbus is a hot spot for commercial real estate investors. 14 Reasons to Invest in Commercial Real Estate in Columbus, Ohio. DHL Supply Chain, Vertiv Co.,

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

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Housing Wire

NOVEMBER 10, 2022

In response, multifamily construction has skyrocketed over the last year, hitting a historic high of 841,000 units under construction nationwide in June of this year, according to research from the National Multifamily Housing Council and the National Apartment Association. Department of Housing and Urban Development.

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Housing Wire

JUNE 23, 2021

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.

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Will Springer Realtor

JANUARY 24, 2023

Infinity’s resort-level community on Alki took more than two decades to develop, starting with the purchase by Vibrant Cities of five adjacent parcels to produce this crowning achievement in 2023. Contact Will Springer, Realtor® to learn more and please remember to visit a new condo with your real estate representative.

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Housing Wire

JULY 28, 2021

Department of Housing and Urban Development and the U.S. Sales continued to trend lower in June as some builders slow sales contracts to manage supply-chains, amidst longer delivery times and higher construction costs,” said NAHB Chairman Chuck Fowke. Census Bureau. on a year-to-date basis.

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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

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Housing Wire

FEBRUARY 29, 2024

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.

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Housing Wire

JULY 25, 2022

Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”. Boston — First District [Boston] contacts reported that higher mortgage rates had led to somewhat cooler demand for residential real estate, resulting in increased inventories in recent months.

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Housing Wire

NOVEMBER 17, 2021

Construction of new homes took a dip in October, with housing starts declining month-over-month by 0.7% Department of Housing and Urban Development this week. Analysts’ predictions that the month of October would see a flurry of new housing construction activity were proven overly optimistic. Census Bureau and the U.S.

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Housing Wire

MARCH 16, 2022

While buyer demand remains high, experts say ongoing lumber and building material supply side issues , labor shortages , rising construction costs and expectations of higher interest rates are contributing to this downturn in homebuilder confidence.

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Housing Wire

MARCH 15, 2023

Even as builders continue to deal with stubbornly high construction costs and material supply chain disruptions, they continue to report strong pent-up demand as buyers are waiting for interest rates to drop and turning more to the new home market due to a shortage of existing inventory,” Alicia Huey, the NAHB chairman, said in a statement. “For

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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.

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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.”. Khater wrote.

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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.

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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.

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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.”.

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Housing Wire

MAY 18, 2021

“Supply chain constraints are holding back a housing market that should otherwise be picking up speed, given the strong demand for buying fueled by an improving job market and low mortgage rates,” Fratantoni said. Housing completions were at a rate of 1.045 million in April, just 0.1% above the March rate of 1.04

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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). Homes were started at an estimated annual pace of 1.309 million in January, down 4.5% month over month , according to a report released Thursday by the U.S.

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Housing Wire

JULY 20, 2021

million in June, as construction companies broke ground on a greater number of both single-family and multifamily buildings last month. But crucial supply issues are preventing future builds from getting off the ground. The country still lacks an adequate supply of inventory, noted George Ratiu, Realtor.com senior economist.

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The Robert Weiler Company

SEPTEMBER 7, 2022

As a whole, commercial real estate has seen great success in 2022, despite rising interest rates. Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. Surges in Residential and Commercial Real Estate, and Land Sales.

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The Robert Weiler Company

JULY 6, 2021

Real estate often falls into two categories: residential and commercial. Industrial real estate and industrial space for lease is a subcategory of commercial real estate. America’s intricate network of corporate capitalism is upheld by industrial real estate.

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Logistics Tenants Real Estate Modernization 147

Will Springer Realtor

JULY 13, 2023

“Workers are in the driver’s seat now because they are in such short supply,” said Rossell, speaking to an international group of real estate professionals. Rossell also expects “significant” losses to occur for commercial real estate holders and that the issue of low office vacancies could drag on for decades.

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Housing Wire

FEBRUARY 22, 2022

homebuilder, housing starts, lumber, builders, builder confidence, construction. Then there are the global supply chain issues, which have frustrated small-time homebuilders like Noel and the heads of publicly traded builders alike. of homes for sale were new construction. Nate Noel’s problem isn’t a lack of work.

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Will Springer Realtor

MAY 9, 2023

In many cases, the long lag time to complete projects is no longer from dreaded supply-chain issues. Compounding the demand is a consumer public determined to stay put for several more years rather than dive into a real estate market clouded by higher interest rates. BY THE NUMBERS >> More than 2.3M 2 in the U.S.

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Real Estate Modernization Construction Supply Chain 36

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.

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Will Springer Realtor

MARCH 14, 2022

This is in no way an effort to downplay the unfolding tragedy or appear tone deaf, but it is a fair question: Will residents in our region face economic challenges so severe that it will affect the real estate market? The supply chain, already strained, may come under renewed pressure with threats to shipping lines and air travel.

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Will Springer Realtor

DECEMBER 11, 2022

Some might argue the cold is emanating from the near-frigid Q4 real estate market, knocking the bloom straight off the housing-market rose in our region. There is definitely a belief that home prices will go down,” noted Ali Wolf, chief economist for real estate consultancy Zonda. DECEMBER HOUSING UPDATE. LUXURY LIVING.

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The Robert Weiler Company

NOVEMBER 16, 2022

But proximity to a new Intel Corporation fabrication plant whose construction might one day ease future global chip shortages might be another reason to love our region. It’s predicted to generate 3,000 jobs with high-wage salaries, 7,000 construction jobs, and more than 10,000 indirect jobs. Honda Research & Development Americas.

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Will Springer Realtor

JANUARY 7, 2022

We are only a couple of weeks into 2022 and the region’s residential real estate market is already getting back in motion for what should be another year of unprecedented levels of activity and incredibly high demand. The 2021 real estate market was incredibly hot and will be hard to beat,” said Lennox Scott, CEO of John L.

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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. A study released in September – and believed to be the first of its kind in the U.S. Some parts of the U.S. – As of Nov. It makes no sense now.”.

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Will Springer Realtor

MARCH 11, 2024

“What matters for most people’s real economic livelihood is what happens at the local level, which is much less about Republicans and Democrats.” >> 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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