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Dearth of new construction strains migration hotspot of Alabama

Housing Wire

We are very bullish on Alabama and its long-term prospects,” Jeremy Walker, CEO of the Alabama Realtors Association , said. “We New construction is backed up,” she said. Survey participants reported family and employment opportunities as their primary reasons for moving to the state. “We

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The historic multifamily construction boom is already fading

Housing Wire

The number of renters who can even afford to buy a home at the national median list price of $425,000 compared to a year ago is down 15%, according to the National Association of Realtors. . Department of Housing and Urban Development. Those same interest rates pushing would-be homebuyers to the sidelines are also hurting developers.

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Keller Williams launches KW New Homes Community

Housing Wire

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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VIDEO: Infinity Shore Club – Seattle Waterfront Condo Offers Unparallel Views

Will Springer Realtor

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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Homebuilders are primed for an even better 2024

Housing Wire

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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Ohio Land for Sale: Is the Market Still Ripe for Growth in 2022?

The Robert Weiler Company

And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. Homes sales reached 14,210 in May 2022, a 1.8% land market.

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SELLERS’ MARKET? HOW ABOUT BUILDERS’ MARKET?

Will Springer Realtor

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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