Housing Wire

JULY 26, 2023

Because of historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market, major insurance carriers like State Farm and Allstate are no longer issuing new homeowner insurance policies in California.

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Insurance Housing Market Marketing Supply Chain 370

Housing Wire

JANUARY 6, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. Measuring the housing deficit. The event is exclusively for HW+ members , and you can go here to register.

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Supply Chain Housing Market Construction Inventory 500

Housing Wire

FEBRUARY 9, 2023

Despite this, the NAHB is optimistic that the recent drop in mortgage rates over the past two months might signal that affordability conditions may have reached their low point for this cycle of the housing market. On the other end of the spectrum, Salinas, California was the least affordable small housing market, with just 5.0%

Supply Chain 384

Supply Chain Housing Market Marketing Mortgage 384

Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. Fannie Mae dropped its projected origination volume for 2021 to $4.33 trillion from the $4.36 trillion it projected in August.

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Supply Chain Inventory Government New Listings 421

Housing Wire

FEBRUARY 3, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business. What are the drivers of housing demand in 2022? 5 predictions for the 2022 housing market.

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Housing Market Marketing Supply Chain Mortgage 410

Appraisal Buzz

MAY 2, 2022

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? Construction Sites Will Stay on Schedule. construction sites. About $17 billion will be used to strengthen ports that have suffered due to inflation, improving the supply chain for building and construction.

Real Estate 435

Real Estate Supply Chain Marketing Construction 435

Eyes on Housing

SEPTEMBER 21, 2022

In August, housing starts rebounded but housing permits declined for the second straight month. The August drop in building permits indicates that the housing market is continues to cool as rising construction costs, elevated mortgage rates and supply chain disruptions continue to act as a drag on the market.

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Supply Chain Construction Housing Market Marketing 177

Housing Wire

JULY 25, 2023

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. With material and labor shortages, and supply chain issues it is taking a year-and-a-half to two years to complete a property.

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Insurance Housing Market Marketing Agents 370

Housing Wire

JANUARY 13, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. With continued supply chain disruption, cost increases and fear of inflation , the market has felt tenuous at best.

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Marketing Contracts Supply Chain Project Management 473

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

JUNE 17, 2021

And Lennar completed construction of a company record 14,493 homes in the past three months, while starting construction on 17,157 abodes. Despite the drop in wood costs, Lennar executives said they’re cautious with ramping up with building, due to overall concerns with the material supply chain. The business reported $6.4

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Supply Chain Construction Investing Business 466

Eyes on Housing

NOVEMBER 15, 2021

Friday’s post described how, in the construction industry, job layoffs have plunged while unfilled job positions remain elevated (according to the government’s latest Job Openings and Labor Turnover report).

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Supply Chain Construction Housing Market Marketing 190

Housing Wire

JULY 7, 2022

Black Knight reported that May was the least affordable housing market in 16 years. Again, looking at the market over the past 40 years, debt and income have not kept up with rises in housing costs. Slow construction and restrictive zoning laws. To view the complete research, click here.

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Inventory Marketing Mortgage Supply Chain 397

Housing Wire

FEBRUARY 18, 2022

.” While homebuilders are getting closer to delivering new homes , they remain stymied by ongoing global supply chain issues. The good news is there are several directions from which more supply may come, said Matthew Speakman, an economist at Zillow. Garage doors are taking months to arrive, delaying closings.

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Supply Chain Inventory Buyers Contracts 410

Housing Wire

MAY 25, 2021

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. “And unfortunately, a slowdown in starts and permits shows the new home supply, while much higher than pre-pandemic levels, will not be increasing soon.”

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Supply Chain Inventory Buyers Construction 410

Housing Wire

JULY 13, 2022

In January 2020, Carmel Ford of the NAHB Economics and Housing Policy Group published a special study titled Cost of Constructing a Home. As borrowing power of the buyer decreases, home demand decreases, lumber demand decreases relative to supply, and lumber prices drop. What is the impact of lumber relative to interest rates?

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Supply Chain Buyers Construction Mortgage 410

Housing Wire

NOVEMBER 10, 2022

This is why I wrote about how we all need to root for housing completion data to get better so we get more supply into the marketplace. The best way to deal with housing inflation is more supply, and we have a lot of two-unit construction in the pipeline.

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Mortgage Supply Chain Housing Market Marketing 536

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. – George Dell.

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Supply Chain Real Estate Investors Appraisal 159

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

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. Housing Market Forecast FAQs.

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Housing Market Marketing Inventory Real Estate 78

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. 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. What if it doesn’t?).

Marketing 458

Marketing Mortgage Supply Chain Inventory 458

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 expectation is that the pace of new construction will pick up.

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Supply Chain Inventory Housing Market Government 98

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. The market is going to go into correction,” he said. “I

Housing Market 397

Housing Market Marketing Supply Chain Real Estate 397

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.

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Construction Supply Chain Inventory Agents 409

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

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.

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Construction Supply Chain Buyers Development 458

Housing Wire

JUNE 15, 2021

Homebuilder confidence fell to its lowest level since August 2020, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report. “Policymakers need to focus on supply-chain issues in order to allow the economic recovery to continue.”.

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Supply Chain Buyers Housing Market Construction 450

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.

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Supply Chain Housing Market Buyers Construction 384

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

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.”

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Inventory Housing Market Marketing Supply Chain 545

DataMaster

FEBRUARY 25, 2021

We’ve all seen the memes about the extremely low inventory in the housing market in 2021. As the construction market begins to pick up speed this year (see the next section on new home construction) and interest rates rise, perhaps the next few years will see a leveling of the housing shortage.

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Inventory Buyers Construction Supply Chain 174

Eppraisal

OCTOBER 20, 2023

Supply chain disruptions as experienced in recent times can lead to shortages in construction materials. Construction Project Delays Construction project delays can cost homeowners both time and money. Lack of Proper Resources Inadequate resources can quickly derail a renovation project.

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Renovations Supply Chain Inspection Modernization 36

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

FEBRUARY 15, 2023

Temperatures are slowly starting to rise in many parts of the country as we head into spring — and so is homebuilder sentiment, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. Builders are continuing to offer a variety of incentives.

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Mortgage Supply Chain Housing Market Construction 410

Eppraisal

DECEMBER 14, 2021

Yet Fannie Mae sees no housing market damper on the horizon despite these higher rates. Per a Fannie Mae executive: "Mortgage rates may rise in response to the tighter environment, but we expect the severe shortage of homes for sale to remain the primary driver of strong house price appreciation through at least 2022."

Real Estate 67

Real Estate Supply Chain Marketing Inventory 67

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

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.)

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Supply Chain Inventory Loan Conditions Construction 384