Housing Wire

DECEMBER 3, 2021

The construction sector added a total of 31,000 jobs in November, on par with the two prior months. Specialty contractors showed the largest gains with an increase of 13,000 jobs, while persons employed in construction of buildings, and civil and heavy engineering rose by 10,000 and 8,000 jobs, respectively. While this is a 0.4%

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Housing Wire

NOVEMBER 4, 2021

To keep pace with current construction demand, and account for attrition, 740,000 new construction workers are needed each year for the next three years , a report by the Home Builders Institute contends. million new hires for construction. The construction worker shortage has reached crisis level.

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Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Inventory rising, historically low.

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Inventory Marketing Mortgage Supply Chain 397

Housing Wire

MAY 10, 2022

The relative pressure of supply vs. demand in the housing market is gauged by the level of active inventory. Like dropping barometric pressure, plunging inventory usually foretells stormy conditions: Faster price growth and faster sales. The post When will housing inventory recover? appeared first on HousingWire.

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Housing Wire

APRIL 2, 2021

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints. Labor Department.

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Housing Wire

JULY 6, 2023

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”

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Housing Wire

JUNE 3, 2022

After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. The post Residential construction jobs now 7.6%

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Appraisal Buzz

JUNE 11, 2021

A panel of 100-plus market experts and economists—who expect home prices to rise and new construction to slow—explore the best ways to change the current course. 1 Way to Replenish Housing Inventory appeared first on theMReport.com. 1 Way to Replenish Housing Inventory appeared first on Appraisal Buzz.

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Real Estate News

APRIL 18, 2023

Low inventory has kept home prices high, and builders can’t deliver new homes fast enough to meet the demand.

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Housing Wire

JUNE 8, 2021

One issue is that among the low inventory, there are even fewer homes that are move-in ready, said Keith Lind, executive chairman and president of Acra Lending. “We We actually have a lower inventory of homes that people really want to live in turnkey,” Lind said.

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Real Estate News

JUNE 22, 2023

Numbers are still far below where they were a year ago, and inventory gains are largely due to the "abundant" supply of newly constructed homes.

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Housing Wire

JUNE 2, 2022

I always try to focus people on the total inventory data until we get inventory back into a range of 1.52-1.93 HousingWire: To add to that, since housing is in an inventory shortage, the market has changed, so the good news is inventory is growing. Months are homes under construction 0.8 Then this happened.

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Training Inventory Housing Market Real Estate Agent 431

Inman

SEPTEMBER 25, 2023

Mortgage rates are high, listing prices are elevated, and housing inventory is limited. Construction of new homes is largely stalled or at least not meeting the high demand, and many homeowners who locked in record-low interest rates during the pandemic simply aren’t willing to leave their homes and sell.

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Appraisal Buzz

MAY 12, 2021

A new blog examines the pros of constructing smaller homes, as housing inventory continues to lag behind demand nationwide. The post Are Smaller Homes the Cure to Inventory Concerns? The post Are Smaller Homes the Cure to Inventory Concerns? appeared first on DSNews. appeared first on Appraisal Buzz.

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Appraisal Buzz

JULY 16, 2021

The demand for home inventory continues, despite contractors being impacted by cost increases, supply shortages, and transport bottlenecks. The post Cost of Materials Restricting Home Construction Growth appeared first on theMReport.com.

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Inman

SEPTEMBER 5, 2023

Unlock new opportunities in a low inventory market when you dig into the new construction segment of the residential market.

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Construction Business Inventory Marketing 176

Appraisal Buzz

JUNE 21, 2024

While the number of homes for sale remains low by historical standards, the months’ supply of inventory is progressively growing, which the ESR Group sees as consistent with a slowing of home price increase. The ESR Group also reduced its 2024 real GDP growth forecast to 1.6% In April, the month’s supply of new dwellings reached 9.1,

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Housing Wire

JULY 16, 2024

Homebuilder confidence fell for the third consecutive month in July as builders navigate a high consumer mortgage rate environment while also contending with elevated rates for construction and development loans. While home inventory is increasing, total market inventory remains lean at a 4.4

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Construction Inventory Buyers Housing Market 411

Eyes on Housing

DECEMBER 8, 2021

The labor market continues to tighten, especially for the construction industry. The count of open construction jobs increased to 410,000 unfilled positions in October, the highest measure in the history of the data series (going back to late 2000). Hiring in the. Read More ›

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Construction Inventory Housing Market Marketing 176

Housing Wire

JULY 23, 2024

Credit: Fannie Mae The company’s Economic and Strategic Research (ESR) Group noted that many large metro areas in the Sun Belt now have inventory levels that match or even exceed for-sale inventories of 2019, prior to the COVID-19 pandemic, which has caused Fannie Mae to downwardly revise its forecasts for housing starts and new-home sales.

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Housing Wire

MAY 11, 2024

Weekly housing inventory data Last week was another week that missed my inventory growth model with higher rates. I am always looking for weekly inventory growth between 11,000 and 17,000 when rates are over 7.25%. Rates have fallen recently and inventory growth was higher last week than the previous week.

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Mortgage Inventory New Listings Housing Market 458

Inman

MAY 17, 2023

percent month over month in April, as homebuyers increasingly turn to new construction to combat low inventory in the resale market, the US Census Bureau reported Wednesday. Housing starts rose 2.2

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Inventory Construction Marketing 157

Eyes on Housing

OCTOBER 25, 2022

After bottoming out at 19% in the first quarter of 2022, the popularity of new homes continues to rebound, as the share of buyers looking for new construction rose to 21% and 27% in the second and third quarters of the year, respectively. A possible factor behind this trend is that the inventory of new homes for-sale is 25% higher.

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Real Estate News

SEPTEMBER 2, 2023

New construction homes and multifamily housing are on different tracks. Here’s why that matters, and what’s coming in the next year.

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Housing Market Inventory Construction Marketing 303

Housing Wire

DECEMBER 21, 2023

A rise in homebuilder confidence , followed by new home construction reaching its highest level since May, signals a response to meet heightened demand as current inventory remains low.” Lack of inventory The scarcity of available homes has kept home prices elevated. by mid-year and to decline further to 6.2% Another obstacle?

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Mortgage Inventory Construction Marketing 500

Eyes on Housing

JUNE 8, 2021

The count of open construction jobs increased in April to 357,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory.

Construction 209

Construction Inventory Housing Market Marketing 209

Eyes on Housing

JULY 7, 2021

The count of open construction jobs declined in May to 299,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory.

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Construction Inventory Housing Market Marketing 147

Appraisal Buzz

JUNE 11, 2024

The part of the East Coast that is cooling down is the West Coast of Florida, rife with natural disasters that are only intensifying driving people away as the new construction and pandemic-era homebuying boom fade into the distance. In Cape Coral, inventory is up 64%, median price per square foot is down 2.9%, and 37.5%

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Insurance Construction Housing Market Inventory 370

Eyes on Housing

MAY 26, 2021

Despite a historically low level of overall housing inventory and solid demand due to low mortgage interest rates and demographics, new construction has been unable to add additional needed supply to the market, resulting. Read More ›

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Construction Inventory Mortgage Marketing 193

Appraisal Buzz

JULY 10, 2024

But despite deepening affordability concerns and a growing available inventory, home price growth remains soundly in positive territory. While rising inventory provides more options for buyers compared to that in 2023, prices remain stubbornly high. The ten weakest housing markets are expected to see modest price declines (-1.0%

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Home Value Inventory Housing Market Buyers 381

Eyes on Housing

MAY 11, 2021

Job openings in construction increased in March to 344,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory.

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Construction Inventory Housing Market Marketing 154

Housing Wire

APRIL 28, 2022

builder confidence, housing starts, homebuilder, builder, lumber, construction costs. Auld said the homebuilder started construction on 24,800 homes this quarter and homes and inventory “increased 30% from a year ago with only 600 unsold completed homes across the nation. per diluted share.” That’s up from $2.53

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Supply Chain Construction Inventory Marketing 370

Housing Wire

SEPTEMBER 27, 2023

Fueling this increase is new construction, according to Divounguy, even though the 1.3% A steady flow of new homes have hit the market this spring and summer, as homebuilders worked diligently to remedy the housing inventory shortage. Over the past year, the value of the U.S. housing market has surged by more than $2.6

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Housing Market Marketing Inventory Construction 515

Eyes on Housing

AUGUST 18, 2021

The number of single-family built-for-rent (SFBFR) construction starts is expanding as demand for single-family structures, both for-sale and for-rent, remains strong. Single-family built-for-rent construction differs with respect. Read More ›

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Construction Inventory Marketing 148

Housing Wire

FEBRUARY 21, 2024

By extension, Zonda also acquired NewHomeSource.com , one of the largest listings platforms for newly constructed homes, and Envision , a new home design platform. Zonda will be able to integrate its new construction data and tech platform with the leading portal for U.S. The demand for new construction isn’t waning.

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Business Construction Design Inventory 417

Housing Wire

OCTOBER 26, 2023

Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” For those new construction units, the national median new home price is projected to drop by 5.9% Because of homebuilders’ ability to create more inventory, new-home sales could be higher this year despite increasing mortgage rates.

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Inventory Contracts Housing Market Realtors 409

Housing Wire

JANUARY 19, 2024

Prospective homebuyers have been shut out of the market by a lack of inventory. A consequence of the tight inventory situation, the median sales price for an existing home rose to a record high of $389,800 in 2023. It requires economic and income growth and, most importantly, a steady buildup of home construction.”

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Inventory Realtors Housing Market Construction 441