Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. percent (±15.0 percent (±11.6

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Housing Wire

SEPTEMBER 28, 2020

This growth in demand is consistent with what I have been saying for many years – that if interest rates stayed low, good housing demographics in the years 2020 to 2024 would substantially drive up demand for housing, including new home sales, which will be the only period where we would start a year at 1.5 million a year. It is legit.

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Housing Wire

NOVEMBER 25, 2020

I have been consistent in my stance that during the years 2008 to 2019, we had the weakest housing recovery ever. I said that housing starts would never start a year at 1.5 Only then would we see enough demand from the new home sales market to warrant that much construction. million until we reached the years 2020-2024.

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Housing Wire

OCTOBER 16, 2024

Department of Housing and Urban Development (HUD) have published a new report identifying the locations of people seeking Federal Housing Administration (FHA) rental and homeownership assistance programs. The 2008 study, however, did not account for information on the borrower’s race and only examined data in metropolitan areas.

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Housing Wire

JULY 17, 2024

Despite a 3% monthly increase , the pace of new housing construction was 4.4% Department of Housing and Urban Development (HUD). In June, privately owned housing starts were at a seasonally adjusted annual rate of 1.353 million units. leading developers to pull back on bringing new units to the market.

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Appraisal Buzz

NOVEMBER 25, 2024

This includes offering support for manufactured housing and addressing liquidity needs for first-time homebuyers. The GSEs’ 2025-2027 Duty to Serve (DTS) Underserved Markets Plans seek to improve access to mortgage liquidity across three underserved housing markets: manufactured housing, affordable housing preservation, and rural housing.

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Housing Wire

MARCH 23, 2023

However, with active listings now near all-time lows, the builders’ new homes still have more value in the housing market than what we saw in previous decades. We didn’t have the credit stress issue from 2010-2023 like we did from 2005 through 2008. Census Bureau and the Department of Housing and Urban Development.

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Housing Wire

FEBRUARY 24, 2023

New home sales From Census : Sales of new single-family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. The housing market story is about where the 10-year yield is going.

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Housing Wire

NOVEMBER 13, 2023

Moreover, instead of the longstanding prevalence of banks holding loans in portfolio, we needed to develop de novo standardized loss-mitigation programs for new-fangled structures called mortgage-backed securities. Fannie Mae and Freddie Mac have also developed strong loss-mitigation tools. The 2008 Housing Crisis was a nightmare.

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Housing Wire

NOVEMBER 16, 2022

Homebuilder confidence continued to drop in November, hitting its lowest level since June 2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday.

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Housing Wire

FEBRUARY 7, 2024

The Housing and Economic Recovery Act of 2008 (HERA) “codified housing goals and added a Duty to Serve, which gives FHFA the tools to ensure that Fannie and Freddie stay focused on affordable housing and serving the housing needs of low- and moderate-income families instead of using a federal backstop to just cherry-pick the most lucrative loans.”

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Housing Wire

APRIL 2, 2021

Despite increased rate of tech adoption, the mortgage industry still has room for continued development and processes. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints. March signified the highest number of residential construction workers since 2008.

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Housing Wire

OCTOBER 10, 2022

Toll, who co-founded the large nationwide development firm alongside brother Bruce in 1967, was 81 and had Parkinson’s disease. Toll led the company through many housing cycles, including the 2008 financial crisis, partially due to a focus on luxury homes. “By far the worst. “But then again, we’ve got like $1.8

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Housing Wire

NOVEMBER 24, 2021

family houses in October 2021 were at a seasonally adjusted annual rate of 745,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. It’s such a crazy anti-intellectual discussion, but housing does bring the crazies out of the cave.

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Housing Wire

DECEMBER 23, 2020

Exponential growth in any housing market data will eventually moderate. From the Census Bureau: “Sales of new single-family houses in November 2020 were at a seasonally adjusted annual rate of 841,000, according to estimates released jointly today by the U.S. million housing starts in 2022.

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Housing Wire

MARCH 23, 2022

We finally got mortgage rates to rise, and for people like me who have been concerned about how unhealthy the housing market was last year — and it got a lot worse this year — it’s a blessing that was much needed. Census Bureau and the Department of Housing and Urban Development. First, total home sales should be 6.2

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Housing Wire

MARCH 23, 2022

Department of Housing and Urban Development and the U.S. Though February’s new sales were below recent highs, builders are still selling homes at a higher seasonally adjusted rate than they did at any point between 2008 and 2019,” Zillow economist data analyst Dan Handy said in a statement. After dropping 4.5% in February.

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Housing Wire

JANUARY 31, 2024

This is according to an interview with Sieffert featured on “ Ten Minute Talks ,” an interview series hosted by HousingWire President Diego Sanchez featuring mortgage or real estate leaders in the industry growing their businesses during a difficult housing market. We had some in the market, pre-2008.

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Housing Wire

JANUARY 27, 2023

What is happening with homebuilders and the new home sales sector as we head into the spring housing market ? Census Bureau and the Department of Housing and Urban Development. We have had some conflicting data points recently. On the one hand, cancelation rates have been rising. percent (±18.5 percent (±13.2

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Appraisal Buzz

OCTOBER 4, 2024

The NMDB quarterly data releases allow the public to monitor and more closely examine the data to identify emerging mortgage market trends as they develop.” For CFPB, the NMDB program supports policymaking and research efforts and helps identify and understand emerging mortgage and housing market trends.

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Housing Wire

JUNE 27, 2023

The builders have managed their backlog nicely to ensure this data line doesn’t explode higher on them like we saw in 2008. But a bigger story here is that the builders’ biggest competition isn’t other builders — it’s the number of existing homes on the market. Census Bureau and the Department of Housing and Urban Development.

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Housing Wire

DECEMBER 20, 2022

The downward trend overall in new housing starts continued in November, dropping 0.5% Department of Housing and Urban Development. November’s annual housing start rate was down 16.4% from October to a seasonally adjusted annual rate of 1.427 million, according to a report released Tuesday by U.S. monthly decline and 32.1%

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Housing Wire

SEPTEMBER 14, 2020

The site’s developer, Larry Hall, purchased the silo in 2008, then remodeled it into the survival bunker it is now. The exact location wasn’t shared with HousingWire, or even posted on the listing site, but Flaspohler said keeping the location information low key is what comes with the territory.

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Appraisal Buzz

JUNE 11, 2024

History of the DTS program FHFA issued a final rule in 2016 that implemented the DTS provisions of the Housing and Economic Recovery Act of 2008 (HERA). Keeping stock of manufactured home supply According to 2021 American Housing Survey (AHS) , compiled by the U.S. Department of Housing & Urban Development (HUD) and U.S.

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Housing Wire

JUNE 24, 2022

family houses in May 2022 were at a seasonally adjusted annual rate of 696,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 10.7 percent (±18.9 percent)* above the revised April rate of 629,000, but is 5.9 percent (±22.0

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Inventory Construction Marketing Mortgage 488

Housing Wire

DECEMBER 13, 2021

single-family housing market. housing supply is dwindling once again as homes continue to fly off the market at record prices,” said Jeremy Sicklick, CEO of real estate data analytics firm HouseCanary. A $60 billion housing grab by Wall Street,” trumpets an October New York Times magazine story.

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Housing Wire

NOVEMBER 27, 2023

Even in the worst housing bubble crash of our lifetime in 2008, the number of new homes for sale was under 200,000. From Census : New Home Sales : Sales of new single‐family houses in October 2023 were at a seasonally adjusted annual rate of 679,000, according to estimates released jointly today by the U.S. On to the report.

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Construction Buyers Mortgage Inventory 482

Housing Wire

JULY 15, 2022

This includes developing a stronger knowledge about mortgage products, origination, compliance and regulatory matters, how loan officers operate day to day and mortgage sales. Brian Gubernick : No question, the greatest learning opportunity I’ve experienced was the 2007-2008 housing market crash.

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Housing Wire

NOVEMBER 5, 2021

He has also served as as chief operating officer of Better Homes and Gardens Real Estate, as well as senior vice president of Membership Development for Better Homes and Gardens Real Estate. Below, DeNicola answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article?

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Housing Wire

MAY 18, 2024

Compare this level to 2008-2012 when this data line ran between 250,000 and 400,000 per week: clearly we aren’t seeing any considerable national-scale stress in this data line. If we can get the seasonal peak data to run between 95,000 and 110,000, I will consider that a home run year for new listings data growth.

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Cleveland Appraisal Blog

OCTOBER 14, 2021

Others have expressed concerns that we are headed for a housing crash, like in 2008. Let’s talk about the difference between today’s market and the one during the years leading up to the bursting of the housing bubble in the Great Recession of 2008. THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008.

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Housing Wire

AUGUST 29, 2022

Closing the housing supply gap will not happen overnight because it has taken some time to get where we are today. The construction industry has yet to fully recover from the 2008 financial crisis when it lost a big segment of its skilled construction workforce.

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Housing Wire

MAY 10, 2022

“Eric Hill engaged in premeditated criminal acts with the sole purpose of enriching himself, without regard for millions of American homebuyers who rely on federal housing programs to insure their mortgages,” Wyatt Achord, special agent in charge with the Department of Housing and Urban Development (HUD) Office of Inspector General, said in a U.S.

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Housing Wire

DECEMBER 16, 2021

How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates? When this article was published, the unemployment rate is at 4.2%, inflation is above 6%, and both stock market and housing market values are elevated.

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Housing Wire

DECEMBER 2, 2022

It took some time to recover all the jobs lost to COVID-19, but nothing like what we experienced after the great financial recession of 2008. A big development this week is that the Fed is telling the public they’re mindful of over-hiking rates. 9, 2020, as the recovery was on solid footing based on my work.

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Housing Wire

JULY 25, 2023

Faes’ career in mortgage lending goes back to 2008 when he co-founded non-bank mortgage lender LendInvest , which was listed on the London Stock Exchange in 2021. If a property developer sees an opportunity where they want to sort of purchase a property this week, for example, we can provide them the cash to do that. billion (£3.7

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Finance Marketing Lending Inventory 370

Housing Wire

MARCH 15, 2023

It was the biggest bank failure since Washington Mutual collapsed in 2008. “The Treasury did make the correct decision to stabilize the market by ensuring that depositors had access to their funds. . “The Treasury did make the correct decision to stabilize the market by ensuring that depositors had access to their funds.

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