2006 Construction Sellers 
Housing Wire
MAY 26, 2022
But we should ask: Why is inventory so much lower now if purchase application data is at 2009 levels — a period in time when inventory was rising noticeably in 2006, 2007, 2008 and 2009? However, the spike in inventory that we saw from 2006 to 2011 can be attributed to the massive credit bubble we had from 2002 to 2005.
Housing Wire
JANUARY 10, 2022
Sellers saw a market where their homes sold quickly and often above list price as multiple buyers competed to have the winning bid. . With more supply from new construction and existing owners relocating, new and existing home sales are expected to rise about 1% to 7 million sales, the largest number since 2006.
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Housing Wire
FEBRUARY 22, 2024
Balancing supply and demand is a delicate dance between new construction and existing properties. Presently, the demand for existing homes outpaces the available supply, raising potential concerns for both sellers and buyers.
Housing Wire
JUNE 21, 2023
May’s housing starts rate was actually the highest since April 2022, which was then the highest since 2006. Currently there are 695,000 single-family units under construction, which is actually 136,000 units below the peak in May 2022. Single-family construction deliveries, meanwhile, will likely be more muted.
Housing Wire
MAY 24, 2022
I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. months and above, the builders will pull back on construction. The only time this has happened was the 2006-2011 period.
Housing Wire
DECEMBER 29, 2022
Housing went into recession in 2006 and prices weren’t collapsing that year either. Part of the issue is that mortgage rates moved up so fast that many sellers quit this year as well. Key thing to remember: A traditional seller is also usually a buyer. Let’s look at the recessionary factors we see now versus 2008.
Housing Wire
JULY 25, 2022
Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”. Cleveland — Residential construction and real estate activity softened further amid rising interest rates. Single-family construction declined slightly.
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