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DataDigest: Construction costs easing for homebuilders

Housing Wire

Supply shocks soothed Among the pandemic’s many ripple effects, two hit hard on homebuilders’ costs: a sudden increase in homebuyer demand and supply chain shocks due to lockdowns and capacity cuts by producers who had anticipated economic slowdowns. and many individual commodity prices actually fell.”

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Opinion: Proptech’s big miss

Housing Wire

As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. There are hundreds of companies that help with various parts of the transaction and process “supply chain,” from search and valuation to closing, from appraisal to title, from targeting to closing.

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Large Metro Suburban Single-family Construction Slows

Eyes on Housing

Recent developments in the first quarter of 2022 per NAHB’s Home Building Geography Index (HBGI), indicate single-family home building slowing in suburbs, with most other regional geographies following suit. Following the aftermath of COVID-19, home buyer preferences for the suburbs have eased.

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Construction tech startup Modulous raises $11.5 million

Housing Wire

Main contributors to this round of funding included SFV , the venture arm of German real estate developer Patrizia ; Regal London , a U.K-based based real estate developer, CEMEX Ventures , the venture arm of construction giant CEMEX ; Blackhorn Ventures (U.S.); GroundBreak Ventures (Canada); Goldacre (U.K.); and Leela Capital (U.K.).

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Will the Infrastructure Bill Affect the Real Estate Market?

Appraisal Buzz

About $17 billion will be used to strengthen ports that have suffered due to inflation, improving the supply chain for building and construction. It began rising when the pandemic started in 2020 due to ongoing supply chain issues coinciding with changes in consumer demand. construction sites. Inflation peaked at 7.9%

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Housing Outlook Facing More Uncertainty; Rates Move Slightly Lower

Appraisal Buzz

percent in its May report on economic development. They note that supply chain disruptions, labor scarcity, and inflationary pressures are increasing risks to future growth. Fannie Mae upwardly revised its GDP forecast for the year from 6.8 percent to 7.0 They have, however, revised their 2022 growth forecast down 0.2

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Mortgage rates climb to 3.09%

Housing Wire

HousingWire Editor-in-Chief Sarah Wheeler and Deluxe Senior Business Development Executive Mark McGuinn discuss the challenges lenders are facing to optimize lead generation as mortgage rates fluctuate. . Observers believe the central bank will also raise short-term interest rates in the coming months. Presented by: Deluxe.

Mortgage 446