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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 521
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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.

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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.

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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 346
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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 439
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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 439
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New home sales make it clear: Housing is in a recession

Housing Wire

Census Bureau and the Department of Housing and Urban Development. At today’s level of 590,000 homes , the builders are in a different spot to deal with their inventory issues because they haven’t had a credit sales boom as we saw from 2002-2005. They have taken advantage of the low inventory story in 2020 and 2021.