The Supply Chain Reaction – Interview with Greg Stephens

Appraisal Buzz

Some of the biggest factors affecting the real estate industry are supply chain shortages – rising material prices are adding tens of thousands of dollars to the cost of a new home. Buzz: What is a supply chain shortage? .

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. Making housing more affordable by bridging the affordable supply gap.

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Supply Chain, Fuel Prices Weigh On Economy

Appraisal Buzz

For the third consecutive month, Fannie Mae’s Economic and Strategic Research Group lowered its gross domestic product growth forecast and increased its inflation forecast due to supply chain constraints and high fuel costs. “We

COVID and Supply Chain Concerns Limit U.S. Economy Growth

Appraisal Buzz

The post COVID and Supply Chain Concerns Limit U.S.

The Importance of Supply Chain Diversity in Mortgage

Appraisal Buzz

On DS5: Inside the Industry, Michael Ruiz, Director, Supplier Diversity for Fannie Mae discusses a lesser-known area of D&I in the mortgage industry—”the peculiar world of supply chain diversity.”

Senators Tackle the Home Building Supply Chain Issue

Appraisal Buzz

The post Senators Tackle the Home Building Supply Chain Issue appeared first on theMReport.com. The post Senators Tackle the Home Building Supply Chain Issue appeared first on Appraisal Buzz.

Supply Chain and Inflation Concerns Negatively Affect Economic Growth, Fannie Mae Reports

Appraisal Buzz

Global supply constraints continue to cap economic output amid growing inflationary and consumer-spending concerns, according to the October 2021 commentary from Fannie Mae ’s Economic and Strategic Research (ESR) Group.

Housing Starts Down in July on Supply Chain Challenges

Eyes on Housing

Housing production declined in July due to rising prices and limited availability of lumber and other building materials. Overall housing starts decreased 7.0% to a seasonally adjusted annual rate of 1.53 million units, according to data from the U.S.

Lennar builds big profits, but still has complaints

Housing Wire

The supply chain for construction is significantly stressed and that will continue for the 4 th quarter and beyond,” said Stuart Miller, chairman of Lennar during a company earning’s call Tuesday.

Homebuilder confidence falls to lowest level since August

Housing Wire

Rising material prices and supply chain shortages — specifically, the declining availability of softwood lumber and other building materials — contributed to confidence falling two points to 81 for newly built single-family homes in June, said Chuck Fowke, NAHB chairman.

Lumber prices are falling, but builders still feel the pinch

Housing Wire

Real Estate appliances builders building material prices building materials HWplus lumber futures Lumber prices National Association of Home Builders New Builds supply chain

A look at the ‘supply chain’ shortage in appraisals

Valuation Review

Many factors continue to affect the real estate/appraisal profession, including supply chain shortages. Metro-West Appraisal Co. Senior Vice President of Compliance Greg Stephens shares his thoughts on this subject. Read on to find out more

Fannie: U.S. economy again limited by COVID, supply chain concerns

Valuation Review

This is due in part to the expectation COVID-related disruptions to consumer spending and supply chains will more greatly hinder economic activity in the second half of the year than previously forecasted The 2021 real GDP growth forecast was revised modestly downward, according to recent commentary by Fannie Mae.

Lumber prices, supply-chain issues whipsaw homebuilding costs - analysts

Mortgagebroker News

Rate increase fears are introducing another level of uncertainty to the equation

Builder Confidence Sinks to 13-Month Low

Appraisal Buzz

Increased costs and a bottlenecked supply chain have resulted in a dip in home building, even putting a hold on some new home sales. The post Builder Confidence Sinks to 13-Month Low appeared first on theMReport.com.

The Domino Effect

Appraisal Buzz

From labor shortages and supply-chain issues to an ongoing low-volume environment, high-level economic factors have challenged the property preservation sector like never before.

Annual Home Price Gains Remained High in August

Appraisal Buzz

Housing demand has held strong, as buyers continue to pay above asking prices in a market stifled by tight inventory and a deceleration in construction due to supply chain concerns.

New Homebuyers Finding the ‘Well Has Run Dry’

Appraisal Buzz

Supply chain issues for builders has contributed to a severe lack of inventory, which restricted home sales in September. The post New Homebuyers Finding the ‘Well Has Run Dry’ appeared first on DSNews.

Apps for New Home Purchases Dip 15.2% YoY in October

Appraisal Buzz

Still hampered by supply-chain concerns, home builders slowed their pace in October, with buyers continuing to absorb a 12.3% annual increase in construction costs. The post Apps for New Home Purchases Dip 15.2% YoY in October appeared first on theMReport.com. The post Apps for New Home Purchases Dip 15.2% YoY in October appeared first on Appraisal Buzz. Around The Web

Supply Constraints Could Hinder Home Sales

Appraisal Buzz

Those factors, they say, will affect the housing market as the … The post Supply Constraints Could Hinder Home Sales appeared first on theMReport.com. The post Supply Constraints Could Hinder Home Sales appeared first on Appraisal Buzz.

Housing Starts Fell Flat in October as Builders Faced Supply Side Headwinds

Appraisal Buzz

Supply chain constraints, materials shortages, and a tight labor market were factors slowing overall production. The post Housing Starts Fell Flat in October as Builders Faced Supply Side Headwinds appeared first on Appraisal Buzz. Housing starts were at an annual rate of 1.52

Housing starts disappoint in October, falling by 0.7%

Housing Wire

In the past year, housing starts activity has been hit by supply chain disruptions and labor shortages, resulting in supply-chain bottlenecks and rising costs, and is continuing to weigh down on housing construction in the nation.

Rates Stuck; COVID-19 Surge Won't Impact Growth. Probably.

Appraisal Buzz

The baseline view of the company’s Economic and Strategic Research (ESR) group is for the recent virus surge to drag modestly on consumers’ services consumption in the near term and modestly worsen supply chain disruptions abroad, but they don’t think it will prevent solid growth in the current quarter. Fannie Mae’s economists provided a mixed forecast this month.

Private Residential Spending Dips in September

Eyes on Housing

Spending on single-family, multifamily constructions and improvements all declined in September, as homebuilding is still facing the supply chain issues, the. NAHB analysis of Census Construction Spending data shows that total private residential construction spending decreased 0.4%

Gross Domestic Product Outlook Decreased From 5.4% to 4.9%

Appraisal Buzz

For the third consecutive month, Fannie Mae’s Economic and Strategic Research Group lowered its gross domestic product growth forecast and increased its inflation forecast due to supply chain constraints and high fuel costs. “We

Consumer Prices Post the Largest Gain in Three Decades

Eyes on Housing

Supply-chain constraints and strong consumer demand as the economy reopened have contributed to recent price increases. Compared to a year ago, on a not seasonally adjusted basis, consumer prices increased by 6.2% in October, the largest year-over-year gain since December 1990.

NAR: Residential property availability a ‘concern’

Valuation Review

The program dealt with some of the biggest factors affecting the real estate industry’s supply chain shortages resulting in the increase of materials adding thousands to the overall costs of new homes.

Builder Confidence Steadies as Material and Labor Challenges Persist

Eyes on Housing

Builder confidence inched up in September on lower lumber prices and strong housing demand, even as the housing sector continues to grapple with building material supply chain issues and labor challenges.

Why Builder Lumber Prices Remain Higher than Headlines Suggest

Eyes on Housing

The disconnect—which has always existed—is inherent to the lumber supply chain and choices that must. Lumber futures prices have decreased by 52 percent (on a front-month basis) over the past seven weeks as mill prices have fallen 48 percent over the same period.[1]

Supply and Labor Constraints, Rising Inflation Affect Home Sales and Mortgage Rates

Appraisal Buzz

For the second month in a row, expectations for near-term real GDP growth have been revised downward – and outward – due to persistent supply chain disruptions and labor market tightness, according to the September 2021 commentary from Fannie Mae ’s Economic and Strategic Research (ESR) Group.

Housing Affordability Holds Steady but Supply-Side Challenges Persist

Eyes on Housing

In the months ahead, however, supply-chain disruptions and the prospect of higher interest rates will continue to threaten housing affordability.

Fannie Mae cuts origination forecast for 2022

Housing Wire

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022.

Consumer Prices Rise in September

Eyes on Housing

Federal Reserve officials described the current inflation run as “transitory”, and attributed recent increases largely to supply-chain constraints and a surge in consumer demand as the economy reopened.

DocMagic Promotes Chris Lewis to Director of Enterprise Solutions

Appraisal Buzz

Lewis has a background in the mortgage industry spanning more than 25 years working for banks, lenders, servicers, technology providers and other entities in the supply chain. In his new director of enterprise solutions role with DocMagic Inc.,

Economic Growth Decelerates in the Third Quarter of 2021

Eyes on Housing

Real GDP growth slowed to a moderate pace in the third quarter of 2021, as supply-chain disruptions continued, the cost of living rose, and 4.3 million workers quit their jobs.

Record Share of NAHB Members Report Labor Shortages

Eyes on Housing

If more evidence of a severe supply chain challenge is needed, the record percentages of NAHB members reporting labor shortages in recent surveys can provide it.

New home sales fall to lowest pace in a year

Housing Wire

Related supply chain issues have resulted in a big jump in the price of a new home over the past year. For new homes, that supply is sitting at roughly 5.1 “Policymakers must take action to improve supply-chains in order to protect housing affordability.”

Supply-Side Disruptions Push Single-Family Production Down in October

Eyes on Housing

Single-family housing production lagged in October due to supply-chain effects for materials and ongoing access issues for labor and lots. Overall housing starts decreased 0.7% to a seasonally adjusted annual rate of 1.52 million units, according to a report from the U.S.

Rising Material Challenges, Declining Builder Sentiment

Eyes on Housing

Rising material prices and supply-chain shortages resulted in builder confidence dipping to its lowest level since August 2020.

Housing Outlook Facing More Uncertainty; Rates Move Slightly Lower

Appraisal Buzz

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 percent in its May report on economic development.

Critical Economic Indicators Are Fluctuating—Are Real Estate Investors Affected?

BiggerPockets

There’s a lot of confusion in the economy right now: inflation, unemployment, supply chain issues, and more. As you know, what happens in the broader U.S. economy has important implications […]. Real Estate Deal Analysis & Advice Real Estate

October saw mortgage apps rise for new homes by 6%

Housing Wire

Kan also noted that homebuilders continue to face delays and challenges from “supply-chain bottlenecks and rising costs.” Mortgage applications for new home purchases dipped by 15.2%

CPI Growth Slows in July

Eyes on Housing

As the economy reopens, supply-chain disruptions and rebounding demand for certain services and products, such as travel-related services, pushed up consumer prices. Headline inflation and core inflation slowed in July after hitting a 13-year high in June.