Remove 2002 Remove Construction Remove Investors
article thumbnail

The housing market recession continues, despite starts data

Housing Wire

real estate investors and affordable homes. From the National Association of Home Builders : Looking at the housing starts report, the numbers came in slightly better than anticipated, driven by multifamily construction. With demand falling, the need for construction labor to build single-family homes will be an economic risk.

article thumbnail

Dominion Financial adds Dustin Wells to head up wholesale division

Housing Wire

Baltimore -based Dominion Financial Services , a nationwide private lender that specializes in financing for real estate investors , announced the hiring of Dustin Wells as the president of its newly launched wholesale lending division. Wells has more than 20 years of experience in the financial services arena.

Lending 429
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Purchase apps are at 2009 level: where’s the inventory?

Housing Wire

That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. The Baby Boomers are not selling their homes en masse, and we have more investors providing shelter for renters than before. We have more housing starts under construction now than in recent history!

Inventory 526
article thumbnail

Dominion Financial launches third-party origination program for investment properties

Housing Wire

Dominion Financial Services , a Baltimore -based private lender with products tailored to real estate investors , has launched a third-party origination program for mortgage brokers, according to an announcement on Thursday. investors are “finding creative ways“ to acquire and redevelop real estate.

Investing 397
article thumbnail

Are new home sales flagging a recession?

Housing Wire

As you can see, sales levels were never elevated like what we saw from 2002-2005. This housing cycle is and will always be based on real demand, versus the credit boom we saw from 2002 to 2005. months and above, the builders will pull back on construction. However, this is much different than what we saw from 2002-to 2005.

article thumbnail

New home sales rebound, but builders are still wary

Housing Wire

What I believe occurred is that some housing investors took the decline in builders confidence and the increase in monthly supply to push that something bad was going to occur quickly. months and above, the builders will pull back on construction. When supply is 4.4 months, this is an OK market for the builders. When supply is 6.5

article thumbnail

New home sales are at risk with rising mortgage rates ?

Housing Wire

Compared to the existing home sales marketplace, it doesn’t have a high cash buyer or investor buyer profile. As you can see below, the new home sales market from 2018-2022 doesn’t look like the housing market we had from 2002-2005. months and above, the builders will pull back on construction. percent (±11.9 percent (±13.7

Mortgage 505