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D.R. Horton sees ‘outstanding’ profits despite increased costs, build time

Housing Wire

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.” per diluted share.” That’s up from $2.53

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Mortgage market affordability and inventory challenges

Housing Wire

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. Slow construction and restrictive zoning laws.

Inventory 393
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Pulte Group thrived in 2021, but it’s not celebrating

Housing Wire

On the other hand, they will not have the materials, labor, or efficient supply chain processes to meet that demand. Given an opening on the call by Truman Patterson, an analyst at Wolfe Research , to give investors hope things will get better, Marshall stuck to a subdued point of view. Well, Truman,” Marshall replied. “I

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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

“Buyers were likely anticipating further rate increases and locking in at the low rates, and investors added to overall demand with all-cash offers,” said Lawrence Yun, NAR’s chief economist. from December and mortgage rates shot up 30 basis points. “While the 6.7 Garage doors are taking months to arrive, delaying closings.

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The non-QM outlook for 2022

Housing Wire

“The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”. Purchase mortgage originations in total are expected to grow 9% to a new record of $1.73 Housing supply shortage. Refinance decline. Brokers across the U.S.

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June Newsletter-Easing Off the Pedal

DW Slater Company

Economic changes, policy changes, supply chain issues, social changes, and buying power can all impact real estate. The Fed just made the biggest rate hike since 1994 , we continue to have supply chain issues and inflation seems to be everywhere. Mortgage rates are already moving up and are projected to move higher.

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What Will It Take to Solve the Housing Crisis? 

Appraisal Buzz

In 2021, more than 90% of builders reported backlogs and supply scarcity. COVID-19 caused breakdowns in the supply chain and labor shortages. Building entire neighbors can encourage large-scale construction. Immigration policies can impact construction because the industry relies on them for labor. Try Upzoning.