Housing Wire

MAY 7, 2021

HousingWire spoke to housing market economists and mortgage industry veterans to get their take on how they believe the jobs report will impact the mortgage and housing industries. The post What a dismal jobs report means for the housing market appeared first on HousingWire. Instead, the U.S.

Housing Market 473

Housing Market Supply Chain Marketing Mortgage 473

Housing Wire

JULY 26, 2023

“We immediately reach out to an insurance agent to see the insurability of the house because it is becoming more and more of a problem,” Armstrong, a Compass agent in San Diego, told HousingWire’s Brooklee Han in a feature we published Tuesday. That comes with its own risks – in many cases, wildfires.

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Insurance Housing Market Marketing Supply Chain 370

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% percent sales growth in January was good news, the drop in for-sale inventory to an all-time low at 860,000 units is a cause for concern,” said Joel Kan, the Mortgage Bankers Association’s AVP of economic and industry forecasting.

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Supply Chain Inventory Buyers Contracts 410

Housing Wire

JUNE 23, 2023

Some of the best performing stocks in America this year are from large, national homebuilders – strong consumer demand , limited competition from the existing home sales market , and an improving supply chain have boosted their outlooks. from April, and up 5.7% from May 2022, to 1.63 million.

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Supply Chain Construction Buyers Mortgage 384

Housing Wire

MAY 25, 2021

Higher material costs , a lack of inventory and labor continue to drive demand, pushing up home prices. Robert Frick, corporate economist at Navy Federal Credit Union , noted that some builders are slowing production in hopes prices will come down as the supply chain recovers. Presented by: MCT.

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Supply Chain Inventory Buyers Construction 410

Housing Wire

DECEMBER 16, 2021

When this article was published, the unemployment rate is at 4.2%, inflation is above 6%, and both stock market and housing market values are elevated. 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 What if it doesn’t?).

Marketing 458

Marketing Mortgage Supply Chain Inventory 458

DW Slater Company

JUNE 16, 2022

Not braking just easing off the pedal as there are some current issues that are impacting the markets. Economic changes, policy changes, supply chain issues, social changes, and buying power can all impact real estate. Here is a look at the home price index in the Dallas- Fort Worth- Arlington market. Days on Market.

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Supply Chain Real Estate Investors Appraisal 159

Quicken Loans

DECEMBER 16, 2021

Anyone keeping an eye on the real estate market watched for predictions in 2021. Along with the pandemic, 2020 brought a chaotic whirlwind for the housing market. In combination with low housing inventory and labor shortages, that drove up selling prices. real estate market is hot. Buyer demand continued.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

Housing Wire

FEBRUARY 18, 2021

Homebuilder confidence in single-family homes jumped one point to 84 in February from 83 in January , according to the National Association of Home Builders and Wells Fargo Housing Market Index. Strong buyer demand in February helped offset supply chain challenges and a surge in lumber prices, according to Chuck Fowke, NAHB chairman.

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Supply Chain Construction Housing Market Inventory 432

Hank Miller Team

NOVEMBER 8, 2021

Trying to predict any market; stock, bond, mortgage, real estate or other type is a measured guess at best. Toss in a global pandemic, global supply chain issues along with global inflation and the challenge is exacerbated. The two main drivers; low mortgage rates and historically low inventory.

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Supply Chain Inventory Housing Market Government 98

Housing Wire

FEBRUARY 13, 2024

Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. 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. New construction is backed up,” she said.

Construction 410

Construction Supply Chain Inventory Agents 410

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Inventories are rising across the country.

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Housing Market Marketing Supply Chain Real Estate 397

Housing Wire

APRIL 16, 2021

Single-family housing starts rose 15.3% That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae. Suburban multifamily housing construction is also benefitting from this trend.”

Inventory 545

Inventory Housing Market Marketing Supply Chain 545

DataMaster

FEBRUARY 25, 2021

As Lawrence Yun, NAR chief economist said, Unless the housing supply increases, the future of home ownership for young adults is bleak. Inventory is in Short Supply in 2021. Not only do Millennials homebuyers have to figure out how to afford a home, they also have to deal with the sorry state of inventory!

Inventory 174

Inventory Buyers Construction Supply Chain 174

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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Supply Chain Construction Inventory Finance 384

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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Inventory Supply Chain Construction Buyers 441

Eppraisal

DECEMBER 14, 2021

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Yet if history demonstrates anything, it reveals the cyclical nature of the real estate market. Yet Fannie Mae sees no housing market damper on the horizon despite these higher rates.

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Real Estate Supply Chain Marketing Inventory 67

Housing Wire

MARCH 23, 2022

“This transaction volume is taking place against a backdrop of continuous supply chain and labor disruptions.”. months supply. Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. This is an increase of 3.3% after a 10.4% drop in January.

Supply Chain 384

Supply Chain Housing Market Buyers Construction 384

Housing Wire

NOVEMBER 10, 2022

David Meyer is thankful that his business is still plugging along during the wildest housing market in decades. With mortgage rates hovering around 7% and home prices still at record highs, buyers across America are calling off the house hunt and finding multifamily apartments. . Department of Housing and Urban Development.

Construction 458

Construction Supply Chain Buyers Development 458

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 384

Supply Chain Inventory Loan Conditions Construction 384

DataMaster

FEBRUARY 25, 2021

As Lawrence Yun, NAR chief economist said, Unless the housing supply increases, the future of home ownership for young adults is bleak. Inventory Inventory is in Short Supply in 2021 Not only do Millennials homebuyers have to figure out how to afford a home, they also have to deal with the sorry state of inventory!

Inventory 78

Inventory Buyers Construction Supply Chain 78

DataMaster

FEBRUARY 25, 2021

As Lawrence Yun, NAR chief economist said, Unless the housing supply increases, the future of home ownership for young adults is bleak. Inventory is in Short Supply in 2021. Not only do Millennials homebuyers have to figure out how to afford a home, they also have to deal with the sorry state of inventory!

Inventory 78

Inventory Buyers Construction Supply Chain 78

Housing Wire

JUNE 23, 2021

above where they were a year ago, when COVID-related procedures froze the new home market in place. Related supply chain issues have resulted in a big jump in the price of a new home over the past year. The home can be in any stage of construction: not yet started, under construction or completed.

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Supply Chain Construction Buyers Development 450

Housing Wire

DECEMBER 20, 2022

This is the reason construction workers still have jobs, and that backlog needs to be finished; this is a positive outcome. The bigger story here is that if we want to see mortgage rates fall, we need more rental units, and right now we have a massive backlog of 2-unit homes under construction — over 900,000. When supply is 4.3

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Housing Market Marketing Construction Supply Chain 421

Housing Wire

MARCH 16, 2022

For the first time since September 2021, homebuilder confidence in the market for newly built single-family homes has dropped below the 80-point mark, according to the National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI), which was released on Wednesday.

Buyers 397

Buyers Supply Chain Construction Inventory 397

Housing Wire

FEBRUARY 4, 2022

“A low unemployment rate and a high participation rate signals a healthy labor market.”. After months of growth, the construction sector lost 5,000 jobs in January from December, due to the loss of 9,500 jobs in heavy and civil engineering construction. Residential building construction employment is up 5.3%

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Supply Chain Construction Inventory Retail 410

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

Inventory 410

Inventory Renovations Supply Chain Buyers 410

Housing Wire

OCTOBER 18, 2021

Homebuilder confidence continued to rise in October despite increasing affordability issues due to rising material prices and ongoing shortages, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report released on Monday. Treasuries and mortgage-backed debt.

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Supply Chain Inventory Buyers Housing Market 536

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. The business appears durable, too. million and 7.3

Construction 450

Construction Supply Chain Inventory Housing Market 450

DW Slater Company

FEBRUARY 23, 2023

So what’s happening in the housing markets here? The past six months have been full of very drastic changes as the rapid mortgage rate increases causing many markets to begin to decline. The demand for housing decreased with the higher mortgage rates as it decreased buyer power. The biggest answer is inventory.

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Inventory Marketing Supply Chain Appraisal 128

Housing Wire

FEBRUARY 25, 2021

And inventory shortages are the culprit. Despite the decline, many industry observers see big potential for the housing market in the year ahead. It’s no secret that low mortgage rates and societal shifts brought on by COVID-19 have collided to form a red-hot housing market. January was illustrative.

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Supply Chain Inventory Housing Market Contracts 402

Appraisal Buzz

APRIL 11, 2022

The housing market has been a roller coaster ride since COVID-19 began, and it hasn’t shown signs of stopping in 2022. Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Inventory Shortage Won’t Be Solved. We can expect positive and negative trends to control the housing market.

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Buyers Renovations Supply Chain Housing Market 370

Housing Wire

APRIL 18, 2023

Tuesday’s housing starts data does show some promise on the front of attacking inflation and helping lowering mortgage rates, so let’s look at the report and find out what I am talking about. First, however, remember that the housing market is still in a recession, which I wrote about on June 16, 2022.

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Mortgage Construction Supply Chain Housing Market 515

Housing Wire

MAY 17, 2021

Homebuilder confidence remained unchanged in the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report , holding steady at 83 for newly built single-family homes in May. The Northeast and Midwest both saw significant drops of four and three points, respectively, to 82 and 75.

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Supply Chain Construction Inventory Housing Market 450

Housing Wire

JUNE 23, 2023

The office will work to accelerate manufactured housing in order to help address the nation’s inventory issues. This organizational change represents a recognition of the critically important role that manufactured housing plays in our country’s housing market,” said Gordon.

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Supply Chain Design Modernization Retail 384

Housing Wire

SEPTEMBER 24, 2021

The housing market over the summer of 2021 appears to have settled at a level lower than the surge in the second half of 2020 into early 2021,” Ben Ayers, a senior economist at Nationwide , said in a statement. Nearly 80% of homes sold in August were either under construction or yet to be built. Sales of new homes were down 24.3%

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Supply Chain Housing Market Construction Buyers 458

Housing Wire

SEPTEMBER 14, 2022

The economic standoff between rising inflation and rising interest rates continues to weaken the housing market nationwide, with home sales falling across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book report. Contacts attributed softer demand to high construction costs and rising interest rates.

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Construction Real Estate Inventory Supply Chain 370