Housing Wire

JUNE 2, 2022

I always try to focus people on the total inventory data until we get inventory back into a range of 1.52-1.93 HousingWire: To add to that, since housing is in an inventory shortage, the market has changed, so the good news is inventory is growing. The big difference now than, let’s say, what we saw from 2002-2008.

Training 459

Training Inventory Housing Market Real Estate Agent 459

Housing Wire

MARCH 31, 2022

We aren’t anywhere close to the housing bubble dynamics we had from 2002 to 2008; that environment is simply impossible to replicate. Especially in a year when inventory has crashed to all-time lows and demand for those houses is still so high. This got smashed in two years, and inventory levels broke to all-time lows this year.

Housing Market 532

Housing Market Inventory Lending Marketing 532

Housing Wire

DECEMBER 29, 2022

The housing market of 2002-2005 had four years of sales growth facilitated by credit. However, what isn’t identical is that we have not had a massive sales boom like we saw from 2002-2005. This is significantly different than the period from 2002-2005 when credit expansion was booming. Housing inventory. Home sales.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

APRIL 13, 2022

Seasonal inventory is about to rise, so let’s hope for the best. However, the demand curve of what we have in housing too doesn’t resemble the speculation demand curve of what we saw from 2002-to 2005. Even today, we aren’t even at 2002 levels in the MBA index.

Housing Market 476

Housing Market Marketing Mortgage Inventory 476

Housing Wire

JUNE 28, 2022

Since 2014, we’ve not seen the credit housing boom that we saw from 2002-2005. The housing market can’t replicate the type of massive credit expansion we saw from 2002-2005, so the price-growth story has more to do with inventory collapsing to all-time lows. For some time now, I have been focusing on that 1.52-1.93

Housing Market 482

Housing Market Marketing Inventory Investors 482

Housing Wire

MARCH 18, 2022

Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month NAR Research : Unsold inventory sits at a 1.7-month However, negative year-over-year inventory is not what we want to see.

Housing Market 542

Housing Market Marketing Inventory Sellers 542

Housing Wire

SEPTEMBER 26, 2023

. “This is about the same rate of price growth that occurred during the 2002 through 2006 period when subprime lending drove exuberant housing demand. “But that is where the similarities end.

Inventory 482

Inventory Housing Market Lending Buyers 482

Housing Wire

MAY 24, 2022

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 isn’t going to help much because the existing home sales market has a different inventory channel.

Housing Market 418

Housing Market Inventory Construction Marketing 418

Housing Wire

OCTOBER 11, 2022

Inventory, which has been falling for years, broke to all-time lows in 2020. We didn’t have a seasonal push in inventory in 2020, and things worsened in 2021. Of course, this has brought back some inventory, as demand weakness always creates inventory through accumulation. million active listings, but at just 1.28

Sellers 514

Sellers Inventory Housing Market New Listings 514

Housing Wire

MAY 17, 2024

since 2002. In July 2023, HousingWire reported that the company acquired Truland Homes , the largest private homebuilder along the Gulf Coast, adding approximately 263 lots, 155 homes in inventory and 55 homes in the sales order backlog. At the end of March, the company had 45,000 homes in inventory.

Inventory 448

Inventory Development Real Estate Insurance 448

Housing Wire

MARCH 23, 2022

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. 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. First, total home sales should be 6.2

Mortgage 505

Mortgage Inventory Housing Market Construction 505

Housing Wire

SEPTEMBER 26, 2023

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. As we can see in the chart below, sales levels aren’t exactly booming like they were from 2002-2005.

Inventory 524

Inventory Construction Housing Market Marketing 524

Housing Wire

DECEMBER 7, 2022

As you can see from the chart above, the last several years have not had the FOMO (fear of missing out) housing credit boom we saw from 2002-2005. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. Total inventory levels. NAR: Total Inventory levels 1.22

Housing Market 544

Housing Market Mortgage Marketing Inventory 544

Housing Wire

AUGUST 19, 2021

According to Sam Khater, chief economist at Freddie Mac, as with other parts of the economy, low housing inventory and price increases have dampened sales. The low inventory is not likely to substantially improve soon, although a percent increase from historically low levels is expected. This week, the U.S.

Mortgage 516

Mortgage Supply Chain Inventory Finance 516

Housing Wire

JUNE 27, 2024

Demand for investment properties remains strong even as market conditions, such as higher mortgage rates and lower levels of inventory , hamper deals in similar fashion to consumer homebuyers. A national lender, Dominion was founded in 2002 and has reportedly funded more than $3 billion in loans across more than 11,000 deals.

Investing 397

Investing Investors Real Estate Inventory 397

Housing Wire

OCTOBER 12, 2020

Here is another precedent: Back in 2012, our housing bear buddies kept insisting that the housing market had 4 million to 5 million homes in what they called shadow inventory. Shadow inventory refers to homes in foreclosure that banks are holding off the market. That year, existing homes sales broke over 4.5

Inventory 545

Inventory Housing Market Marketing Mortgage 545

Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. This problem is much different than the housing credit bubble of 2002-2005. NAR: Total Inventory.

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Inventory Housing Market Construction Mortgage 540

Housing Wire

MAY 19, 2022

This is something that I said would change the tone of housing, and we are seeing that result this year as sales decline and inventory picks up. We were told that population growth is slowing, we were told that Americans would panic sell and that massive inventory would hit the marketplace once rates got to 4%. Wait, what? I use the 1.52-1.93

Housing Market 528

Housing Market Marketing Inventory Realtors 528

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. However, we haven’t had a credit sales boom like the one we saw from 2002-2005. million listings.

Inventory 397

Inventory New Listings Law Housing Market 397

Housing Wire

NOVEMBER 8, 2021

This was the case for housing during the lead-up to the bubble years as housing data went criminally insane in the years 2002-2005. Each economic sector behaves differently in a recession; typically, the industry with the most leverage on growth gets hit the hardest.

Housing Market 526

Housing Market Marketing Inventory 526

Housing Wire

APRIL 8, 2022

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. The velocity of inventory rising in the next three months is limited. April 2022: Inventory has not recovered. Can this last?

Housing Market 418

Housing Market Marketing Inventory Lending 418

Housing Wire

APRIL 15, 2022

The home-price growth from 2020 through 2022 has been so unhealthy that I’ve labeled this a savagely unhealthy housing market as inventory has once again collapsed on a year-over-year basis in 2022. Inventory is still showing negative year-over-year data. 2014 was the very last year total housing inventory grew in America.

Housing Market 511

Housing Market Marketing Mortgage Inventory 511

Housing Wire

MAY 18, 2023

We don’t have a massive credit boom as purchase application data is at historical lows; we haven’t had the same run-up in credit as we saw from 2002-2005. If we had a massive credit boom-to-bust, inventory would have skyrocketed in 2022. NAR Total Inventory Data going back to 1982. million, up from 1.03 million last year.

Housing Market 539

Housing Market Marketing Inventory Mortgage 539

Housing Wire

APRIL 20, 2022

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. Housing demand has been stable for the past few years; we have never had a credit boom in demand since 2002-2005. Unsold inventory sits at a 2.0-month

Housing Market 505

Housing Market Marketing Inventory Mortgage 505

Housing Wire

SEPTEMBER 22, 2022

Total Inventory data fell in this report from 1.31 It doesn’t even look like we will breach the lower level of my inventory wish list of 1.52 I am a big fan of inventory to 2019 levels. Even though 2019 inventory levels were historically low, they were at four-decade lows before 2020; they’re a more effective pricing market.

Inventory 482

Inventory Housing Market New Listings Mortgage 482

Housing Wire

NOVEMBER 9, 2022

Inventory levels broke to all-time lows and thus created massive housing inflation quickly, which broke my model. This time around, we have not seen the kind of housing credit boom that we did from 2002-2005. Traditionally, inventory levels have been between 2 million to 2.5 nominal per year at most.

New Listings 508

New Listings Inventory Housing Market Sellers 508

Housing Wire

AUGUST 16, 2022

Of course, housing starts today aren’t collapsing in the way they did from the peak of 2005 because we haven’t had a sales credit boom in recent years as we did from 2002-2005, which inflated new home sales toward 1.4 The credit cycle looks much different now than the build-up from 2002-2005.

Mortgage 533

Mortgage Construction Inventory Buyers 533

Housing Wire

AUGUST 9, 2023

The rate for FHA mortgages increased to 7.02%, its highest rate since 2002. The purchase index fell for the fourth consecutive week, as homebuyers continue to struggle with low for-sale inventory and elevated mortgage rates, added Kan. The downgrading of the U.S. As a result, rates increased for all loan types.

Mortgage 370

Mortgage Contracts Government Inventory 370

Housing Wire

JUNE 8, 2021

The Salt Lake City-based lender says it’s worked with over 1 million homeowners since its founding in 2002 and funded $11.6 Given the growing interest to convert rooms into home offices and a lack of new inventory, non-depository banks are taking notice. billion in home improvement projects. billion in volume in 2020.

Renovations 448

Renovations Home Improvement Marketing Finance 448

Housing Wire

JUNE 24, 2022

Census: For Sale Inventory and Months’ Supply The seasonally?adjusted As someone who wants to see more inventory, not the best data lines, but we are working our way to finishing those homes. Again, this cycle is much different than the run-up in 2002-2005; hopefully, you can see that with the data I have provided.

Inventory 488

Inventory Construction Marketing Mortgage 488

Housing Wire

DECEMBER 22, 2021

As you can see below, we don’t have a booming credit housing market as we saw from 2002-2005; we have steady replacement buyer demand. Now for the real bad news, which is still a first-world problem, but the big concern for me during 2020-2024: inventory. Seasonality has kicked in with inventory already, which is expected every year.

Inventory 516

Inventory Housing Market Investors Marketing 516

Housing Wire

JULY 26, 2022

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. NAR: Total Inventory Data 2007 Peak Roughly 4,000,0000 2022 1,260,000.

Construction 514

Construction Housing Market Inventory Marketing 514

Housing Wire

JULY 6, 2022

Look, no massive foreclosures are happening to send inventory skyrocketing. We can’t see the purchase application data collapse as it did from 2005 to 2008 because we never saw a credit boom like we had from 2002-2005. NAR Total Inventory Data from 1982-2022. Why is this? Far from the 10.4 months we saw in 2008.

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Lending Mortgage Business Inventory 501

Housing Wire

OCTOBER 31, 2022

Total inventory in America grew from 2000 to 2005 while demand grew. The FOMO demand (fear of missing out) credit boom from 2002 to 2005, as we can see below, has not happened in the last 10 years. In 2005, we saw a massive spike in inventory during an economic expansion, and then the job loss recession happened in 2008.

Law 523

Law Inventory Lending Mortgage 523

Housing Wire

FEBRUARY 24, 2022

This stands in contrast to the existing home sales market, where higher mortgage rates can create more inventory and cool down price growth. As you can see below, the market we’ve had from 2018-2022 looks nothing like the overheating demand we saw from 2002 to 2005. million, consider that a good year.

Construction 435

Construction Housing Market Marketing Mortgage 435

Housing Wire

MARCH 17, 2022

We had more housing starts during the bubble years because from 2002 to 2005 that demand curve was higher, but it was facilitated by unhealthy credit growth. So the meager inventory in the existing home sales market has benefited the builders because it makes their products more valuable. Housing completions. From Census: Privately?owned

Construction 488

Construction Housing Market Inventory Buyers 488

Housing Wire

DECEMBER 26, 2023

The macro challenge: Still not much inventory Analysts unanimously agree that inventory will continue to be a significant issue entering 2024. ” George agrees that inventory will remain a problem. Given these distinct macro forecasts for 2024, what should originators keep in their playbook for next year? million homes.

Mortgage 516

Mortgage Inventory Marketing Finance 516