Remove Construction Remove Inventory Remove Sellers Remove Supply Chain
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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

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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Logan Mohtashami on why this is a savagely unhealthy housing market

Housing Wire

The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Inventory has been falling for years. HousingWire: How will rising rates affect new home construction? Housing construction will be impacted if the monthly supply for new homes breaks above 6.5

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Supply chain issues still stymieing homebuilders

Housing Wire

Strong buyer demand in February helped offset supply chain challenges and a surge in lumber prices, according to Chuck Fowke, NAHB chairman. Still, builder headwinds persist, experts said, with many construction companies and homebuilders currently at capacity or dealing with the aforementioned high materials costs.

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The Current State of The Homebuilding Industry

Eppraisal

From COVID-19 interventions to supply chain disruptions to record inflation, the hits kept coming against a real estate market that was already experiencing diminished inventories and a growing pool of buyers. Prior to COVID, i.e. March of 2020, inventory was already falling. economy, home building prominent among them.

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Dearth of new construction strains migration hotspot of Alabama

Housing Wire

Lower rates are likely to make homeownership accessible to more buyers and it should prompt some potential sellers who are locked in at a rate of 3% or less to list. Inventory was the theme last year and it is shaping up to be the theme this year,” Ellison said. New construction is backed up,” she said. As of Feb.

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Home Buyer Frustration Will Increase in 2022

Hank Miller Team

So what's in store for home buyers and sellers that have to make a move this spring? Buyers will again be challenged and sellers will reap the reward…until they become buyers. The Jan/Feb inventory bounce always happens; and it did in 2020 until the world stopped. See the inventory bumps as we head into the first quarter?

Buyers 98
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Fewer housing permits equate to further inventory, affordability challenges

Housing Wire

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.

Inventory 425