Housing Wire

OCTOBER 18, 2023

However, permits for future construction recorded a 4.4% “Slower construction activity in the Northeast could reflect cooler demand as well as challenges builders face in finding availability lots,” she said. Could multifamily construction stall? Department of Housing and Urban Development and U.S. They were 23.3%

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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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Construction Renovations Training Development 529

Housing Wire

NOVEMBER 29, 2023

Homebuilders are also pacing the number of homes they bring to market. Home construction New home construction ramped up early in the pandemic but moderated as interest rates ticked up and mortgage rates followed. The rate of homes under construction has roughly plateaued since April 2022.

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Construction Finance Inventory Development 417

Housing Wire

MARCH 8, 2023

As the housing market cooled further during the fourth quarter of 2022, homebuilders also continued to pull back on single-family construction. It uses county-level data for single and multi-family permits to gauge housing construction growth in both urban and rural metros. of the single-family market. in Q4 2022.

Construction 423

Construction Housing Market Marketing Buyers 423

Appraisal Buzz

JANUARY 17, 2022

The housing market boomed in 2021 like few could have expected. Of course, the construction industry has been facing some pressing challenges, including hitches in global and national supply chains. Of course, the construction industry has been facing some pressing challenges, including hitches in global and national supply chains.

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Construction Supply Chain Housing Market Technology 468

Housing Wire

AUGUST 1, 2023

Zillow Group ‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market. in June from a year ago while the market saw 28% fewer new listings added during the same period.

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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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Construction Transportation Inventory Government 464

Housing Wire

JULY 24, 2023

For most states, the pipeline for construction of single-family homes specifically designed as rentals is booming. Market conditions in 10 states are such that this kind of construction isn’t a priority. million more homes, there are 10 states that aren’t constructing built-for-rent housing, the reporting explains.

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Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters.

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Construction Renovations Insurance Landlords 534

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. “It New construction is backed up,” she said.

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Construction Supply Chain Inventory Agents 404

Housing Wire

MARCH 30, 2023

Achieving [these] goals will also help encourage community banks to expand their construction-to-permanent mortgage lending activity, especially in small towns and rural markets.”

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Construction Lending Finance Mortgage 375

Housing Wire

FEBRUARY 28, 2024

It is a notoriously expensive housing market and maintains an estimated population of more than 260,000 people, according to data from the 2020 U.S. Like many localities across the country, Marin County leaders describe a housing crisis in their area that they hope to alleviate through the construction of more ADUs.

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Housing Wire

NOVEMBER 10, 2022

David Meyer is thankful that his business is still plugging along during the wildest housing market in decades. Despite this uptick in construction, multifamily builders likely won’t be making much of a dent in the overall housing shortage over the next year or two. Department of Housing and Urban Development.

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Construction Supply Chain Buyers Development 457

Housing Wire

DECEMBER 22, 2023

Let’s be clear: the Federal Reserve is way too restrictive for housing, as the existing home sales market has shown us, with sale levels at the lowest levels ever when accounting for the working labor force. Housing starts aren’t booming, primarily due to 5-unit construction slowing down. This represents a supply of 9.2

Mortgage 516

Mortgage Marketing Construction Inventory 516

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. In mid-June 2023, the statewide 90-day average Altos Market Action Index score hit a high for year of 53.99, before sliding down to a trough of 40.03 Altos considers anything above a reading of 30 to be a seller’s market. in mid-January 2024. as of February 29, 2024.

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Housing Market Marketing Inventory Construction 447

Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S.

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Construction Housing Market Inventory Buyers 481

Housing Wire

JULY 8, 2022

The construction sector, meanwhile, had only a slight gain, according to the U.S. But employment showed little change over the month in other major industries, including construction, retail trade, financial activities, government and other services. Creating a path to success in today’s purchase market. Job growth in the U.S.

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Construction Housing Market Retail Real Estate 371

Eyes on Housing

MAY 10, 2024

High interest rates and construction costs are the most serious impediments for new multifamily development according to the Q1 2024 NAHB Multifamily Market Survey (MMS).

Development 147

Development Construction Marketing 147

Housing Wire

FEBRUARY 22, 2022

The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Tye Alroe, director of Alroe Constructions , was recently let down by a subcontractor who pulled out of a job at the last minute. “I Enter into contracts that are malleable to market prices.

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Construction Contracts Supply Chain Business 426

Housing Wire

NOVEMBER 17, 2023

When market players say housing leads us into a recession, it traditionally means the Federal Reserve raised rates too much, housing slowed down as a result and a job-loss recession isn’t too far off. It happened because big homebuilders made deals, cut prices, and paid down rates , all to grow market share. percent (±13.5

Marketing 476

Marketing Construction Housing Market Mortgage 476

Housing Wire

JANUARY 19, 2024

Plus, seeking the most efficient tools to service this segment and help create income while the for-sale market remains challenged and provides less opportunities. While the single-family home market remains rather stagnant, the U.S. rental segment has been quite fluid.

Marketing 472

Marketing Real Estate Construction Agents 472

Housing Wire

SEPTEMBER 14, 2023

Demand for newly constructed homes continues to remain high as existing for-sale inventory remains historically low. It indicates that a larger share of first-time homebuyers are active in the new home sales market. Mortgage applications for new home purchases increased 20.6% in August on a year-over-year basis.

Construction 379

Construction Mortgage Inventory Marketing 379

Eyes on Housing

MAY 26, 2022

At 11,000 units started, this was the best quarter for condo construction since the third quarter of 2008. As a result, the market share of rental units of multifamily construction starts decreased to 91% during the first quarter. Read More ›

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Construction Marketing 187

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%

Construction 473

Construction Renovations Transportation Real Estate 473

Housing Wire

OCTOBER 8, 2021

After losing 3,000 jobs in August , the construction sector added 22,000 jobs in September. However, construction employment is still 201,000 jobs below its February 2020 level. The average hourly earnings of production and non-supervisory employees in construction are up 5.8% below its pre-pandemic level.

Construction 458

Construction Government Development Mortgage 458

Eyes on Housing

SEPTEMBER 5, 2023

Rising mortgage rates and elevated construction costs have taken a toll on the pace of single-family construction in markets across the nation, with the slowdown most pronounced in large metro areas.

Construction 167

Construction Marketing Mortgage 167

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Every Saturday I publish a weekly housing market tracker with forward-looking data and insights so you can adjust quickly to market conditions. If the 10-year yield gets above 4.25%, the U.S.

Housing Market 530

Housing Market Marketing New Listings Construction 530

Housing Wire

DECEMBER 1, 2020

Since Q1, the market share for single-family construction in urban core areas fell from 18% to 17.2%, the report said. However, small metro core and suburban single-family market share increased from 37.7% The report showed that single-family construction in second-home markets expanded at a 13.6% “The U.S.

Construction 487

Construction Marketing Development Buyers 487

Housing Wire

APRIL 5, 2024

Against that backdrop, Zillow identified prime markets for first-time homebuyers , and half of them were nestled in the Midwest. The increase in new listings this spring, due both to new construction and to more homeowners choosing to sell, will give buyers more options and help to ease price growth.

Housing Market 428

Housing Market Marketing Training New Listings 428

Housing Wire

AUGUST 18, 2020

New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% An acceleration in new construction was therefore expected in order to rebalance this relationship in light of continued buyer demand.”. Census Bureau. from last July.

Construction 545

Construction Inventory Buyers Mortgage 545

Eyes on Housing

NOVEMBER 18, 2022

Over the last four quarters, townhouse construction starts totaled 152,000 units, 7% higher than the prior four quarter total (142,000). However, these. Read More ›

Construction 195

Construction Marketing Design 195

Housing Wire

MARCH 26, 2024

Last year might best be described as a risk-prone atmosphere for the single-family rental sector and the related fix-and-flip market. We didn’t call it a bear market, but we did call it a lack of liquidity, which I think is more accurate,” said L.D. In 2023, the landscape for home flipping across the U.S.

Investors 472

Investors Marketing Inventory Real Estate 472

Housing Wire

NOVEMBER 18, 2020

Duncan noted the pace of new home sales over the past six months has accelerated more quickly than the construction pace, suggesting homebuilders will have to play catch up relative to sales going forward. The current housing market is characterized by robust demand, but not enough homes for sale,” Kushi said. million, up 0.6%

Construction 419

Construction Housing Market Marketing Mortgage 419

Housing Wire

NOVEMBER 5, 2021

For the second month in a row the construction sector added jobs, rising by 44,000 jobs in October. Unfortunately for the residential housing sector, most of these jobs were in nonresidential specialty trade contractors (19,000), and in heavy and civil engineering construction (12,000). Residential building is up 5.4%

Construction 334

Construction Development Business Housing Market 334

Housing Wire

NOVEMBER 3, 2023

What to expect in the housing market ? In October, construction employment continued to trend up, adding 23,000 more jobs, aligning with the average monthly gain of 18,000 over the prior 12 months. More specifically, jobs picked up in specialty trade contractors (+14,000) and construction of buildings (+6,000).

Marketing 371

Marketing Construction Housing Market Government 371

Housing Wire

SEPTEMBER 27, 2023

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. housing market has surged by more than $2.6 Fueling this increase is new construction, according to Divounguy, even though the 1.3%

Housing Market 517

Housing Market Marketing Inventory Construction 517

Housing Wire

APRIL 7, 2023

Signs of a slowdown in the labor market have emerged, sparking hope that the Federal Reserve may stop its ongoing tightening monetary policy, which has spurred increasing mortgage rates. The slowdown in the labor market has been very gradual, according to them. Heavy and civil engineering construction created 7,100 jobs.

Marketing 384

Marketing Construction Housing Market Insurance 384