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How do you solve the California housing crisis?

Housing Wire

That represents a serious downtrend from a 50% homeownership rate in 2000. In 2000, CAR estimated that the state would need about 250,000 new units a year to keep up with demand. California [has been] the most inventory-constrained market for years.” What’s the solution? million units behind.

Law 507
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DataDigest: What the latest data says about home prices, construction and sales

Housing Wire

Census Bureau and the Department of Housing and Urban Development. The index, which pegs January 2000 at 100, reached a seasonally adjusted all-time high of 311.175 in September as tight inventory continues to keep prices elevated. The figure – up 17.7%

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Homebuilders are feeling pretty good right now

Housing Wire

These include shortages of transformers and other building materials and tightening credit conditions for residential real estate development and construction brought on by the actions of the Federal Reserve to raise interest rates.” That share from 2000-2019 was a 12.7%

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Higher rates flip the homebuilders’ fortunes (again)

Housing Wire

Census Bureau and the Department of Housing and Urban Development. As we can see in the chart below, we are still below the recession levels of 2000 and really trending at 1996 levels. Homebuilders’ for-sale inventory and months’ supply The seasonally-adjusted estimate of new houses for sale at the end of January was 439,000.

Inventory 499
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New home sales beats estimates, but what does it mean?

Housing Wire

Census Bureau and the Department of Housing and Urban Development. As you can see below, new home sales are still below the 2000 recession level, and we just had a significant spike in mortgage rates too. Census: For Sale Inventory and Months’ Supply The seasonally?adjusted This is 10.7 percent (±18.9 percent (±22.0

Inventory 488
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Where’s the bottom for new home sales?

Housing Wire

New home sales are now below the recession levels of 2000 and have fallen all the way to 1996 levels, when interest rates were near 8%. Census Bureau and the Department of Housing and Urban Development. From Census: For Sale Inventory and Months’ Supply, The seasonally?adjusted This is 10.9 percent (±15.2 percent (±15.9

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HW+ Member Spotlight: Nicollette Chapman

Housing Wire

Nicollette Chapman: One of my first jobs in the real estate industry was working as a business development representative for a title company. It was 2000, and the real estate market was fairly uneventful – rates were around 8% and house prices were affordably flat. And then, in the blink of an eye, 9/11 happened.