Remove 2002 Remove Development Remove Inventory
article thumbnail

Low housing inventory a win for homebuilders

Housing Wire

If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 Census Bureau and the Department of Housing and Urban Development. percent (±15.3

Inventory 541
article thumbnail

Donald R. Horton, founder of the largest U.S. homebuilder, dies

Housing Wire

Over the years, he traveled extensively to its field operations, maintained a culture of family and care, and developed initiatives that focused on employees and their families, the company said. since 2002. At the end of March, the company had 45,000 homes in inventory. As a result, D.R. As of March 31, 2024 , D.R.

Inventory 404
Insiders

Sign Up for our Newsletter

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

article thumbnail

How home-price growth has damaged the housing market

Housing Wire

I developed a specific home-price growth model for the years 2020-2024 which said that if home-price growth grew at 23% for five years we would be fine, with total housing demand —both new and existing homes together — getting to 6.2 Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. million or higher.

article thumbnail

Builders only have 76,000 completed new homes for sale

Housing Wire

That’s right — for all the hype of massive housing inventory coming from the builders, today we sit here still trying to work back to pre-COVID-19 levels with just 76,000 completed homes ready to be moved. Census Bureau and the Department of Housing and Urban Development. percent (±15.6 percent (±21.1

Inventory 481
article thumbnail

Are new home sales flagging a recession?

Housing Wire

Census Bureau and the Department of Housing and Urban Development. 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. However, this is much different than what we saw from 2002-to 2005.

article thumbnail

D.R. Horton acquires homebuilding assets from Truland Homes

Housing Wire

The purchase deal includes Truland’s homebuilding assets, which consist of approximately 263 lots, 155 homes in inventory, and 55 homes in the sales order backlog. We look forward to continuing as a key lot development partner for D.R. Horton has been the largest homebuilder by volume in the United States since 2002.

Contracts 369
article thumbnail

New home sales are at risk with rising mortgage rates ?

Housing Wire

Second, because of the downtrend in inventory since 2014 and the demand pick-up we will see in the years 2020-2024, we had a risk of home prices accelerating too much. Census Bureau and the Department of Housing and Urban Development. 2014 was the last year total inventory rose from weakness in demand. The only risk to that 6.2

Mortgage 483