Housing Wire

SEPTEMBER 28, 2020

million housing starts, not anytime from 2008-2019. The monthly supply of new homes was mostly higher every month in the previous expansion (2008-2019) than any period from 1996-2005. A massive home-building plan to increase inventory in order to create better housing affordability would not be in their interest.

Inventory 532

Inventory Buyers Housing Market Mortgage 532

Housing Wire

MAY 18, 2024

Weekly housing inventory data For the third consecutive week, we haven’t quite reached my weekly target of inventory growth between 11,000 and 17,000 homes. However, we came close to our target with inventory growth of 9,726 and there’s a silver lining: mortgage rates have recently fallen.

New Listings 501

New Listings Inventory Mortgage Contracts 501

Housing Wire

FEBRUARY 24, 2023

Census Bureau and the Department of Housing and Urban Development. Homebuilders’ for-sale inventory and months’ supply The seasonally-adjusted estimate of new houses for sale at the end of January was 439,000. However, this isn’t how inventory grows in America. percent (±20.4 percent (±13.1 This represents a supply of 7.9

Inventory 501

Inventory Construction Housing Market Mortgage 501

Housing Wire

DECEMBER 23, 2020

Census Bureau and the Department of Housing and Urban Development. We don’t need to be concerned about the moderation in the new home sales data because inventory is still low. ” I’m sure you’ve heard the thesis that low inventory suppresses sales. Builder confidence is primarily based on inventory.

Inventory 531

Inventory Construction Housing Market Design 531

Housing Wire

JULY 26, 2022

I addressed this last summer in an article titled: Why we can’t build our way out of a hot housing market : “ During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. Census Bureau and the Department of Housing and Urban Development. percent (±15.0

Construction 514

Construction Housing Market Inventory Marketing 514

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. Census Bureau and the Department of Housing and Urban Development. Higher levels of Inventory in the range of 4.4 If inventory breaks over 6.5 Sometimes keeping things simple makes the message more clear.

Housing Market 538

Housing Market Inventory Construction Marketing 538

Housing Wire

JULY 17, 2024

Department of Housing and Urban Development (HUD). leading developers to pull back on bringing new units to the market. Despite a 3% monthly increase , the pace of new housing construction was 4.4% slower in June 2024 than a year prior, according to data released Wednesday by the U.S. Census Bureau and the U.S. from May and 3.2%

Construction 468

Construction Property Management Development Housing Market 468

Housing Wire

JUNE 24, 2022

Census Bureau and the Department of Housing and Urban Development. 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. This is 10.7 percent (±18.9 percent (±22.0 months are completed homes.

Inventory 488

Inventory Construction Marketing Mortgage 488

Housing Wire

JUNE 28, 2022

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 Even today, the MBA purchase application index is below 2008 levels. million or higher.

Housing Market 482

Housing Market Marketing Inventory Investors 482

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. Some people prefer something other than the current active existing inventory. Census Bureau and the Department of Housing and Urban Development. Now on to the report. This is 12.2 percent (±12.8

Construction 516

Construction Inventory Marketing Buyers 516

Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. 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.

Mortgage 505

Mortgage Inventory Housing Market Construction 505

Housing Wire

NOVEMBER 24, 2021

Census Bureau and the Department of Housing and Urban Development. Builders remember 2018 very well because while 5% mortgage rates didn’t really impact the existing home sales total inventory levels much, it created a supply shock for the builders. percent (±21.1 percent)* above the revised September rate of 742,000, but is 23.1

Construction 511

Construction Marketing Housing Market Mortgage 511

Housing Wire

JANUARY 27, 2023

Census Bureau and the Department of Housing and Urban Development. For homebuilders, the monthly supply of new homes is still too high From Census: For Sale Inventory and Months’ Supply, The seasonally adjusted estimate of new houses for sale at the end of December was 461,000. percent (±18.5 percent (±13.2 months and above.

Mortgage 545

Mortgage Construction Buyers Inventory 545

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. Census Bureau and the Department of Housing and Urban Development. For sale inventory and months’ supply: The seasonally-adjusted estimate of new houses for sale at the end of October was 439,000. On to the report.

Construction 482

Construction Buyers Mortgage Inventory 482

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.

Supply Chain 397

Supply Chain Housing Market Buyers Construction 397

Housing Wire

OCTOBER 15, 2020

“We still have vacancy and blight issues but they are not crippling as they were a decade ago,” said Ian Beniston, executive director at the Youngstown Neighborhood Development Corporation (YNDC), a nonprofit community development corporation in Youngstown, Ohio. In 2008, 2009, it was triage. Seeking new inventory sources.

Buyers 360

Buyers Development Renovations Retail 360

Housing Wire

FEBRUARY 8, 2022

This development did not occur overnight: Over the past 20 years, we have “underbuilt” housing by at least 5.5 Low housing inventory. since 2008. On top of these efforts, there must be a national commitment to reform our land use and zoning practices that too often act as barriers to the development of affordable housing.

Construction 370

Construction Investing Landlords Development 370

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. Navigating the business climate during the early pandemic and the 2008 financial meltdown were incredibly stressful times filled with uncertainty.

Real Estate 370

Real Estate Brokerage Construction Business 370

Housing Wire

DECEMBER 20, 2022

Department of Housing and Urban Development. That homebuilders have instead taken the opposite path – clearing out those homes already permitted, but leaving the cupboard more bare for tomorrow – does not bode well for a nation that remains under-built after an anemic decade following the 2008-era housing crash.”.

Housing Market 370

Housing Market Construction Inventory Design 370

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.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Housing Wire

DECEMBER 13, 2021

In assessing blame for a high-demand, low inventory housing market, one finger is pointed at companies that purchase single-family homes as an investment. Last month, Zillow said it was winding down its iBuying division, and courting corporate investors to buy its 18,000 homes remaining in inventory. single-family home market.

Investors 435

Investors Real Estate Landlords Inventory 435

Housing Wire

JULY 25, 2023

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. 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. billion (£3.7

Finance 370

Finance Marketing Lending Inventory 370

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? The inventory of existing homes remains quite tight at less than 2.5 The inventory of existing homes remains quite tight at less than 2.5 This additional inventory is sorely needed. What if it doesn’t?).

Marketing 482

Marketing Mortgage Supply Chain Inventory 482

Appraisal Buzz

JULY 12, 2024

As new rental inventory moved through the pipeline this year, multifamily completions increased nationwide. The lower difference between the change in rental vacancy from pre-pandemic and the change in homeowner vacancy during the same period of time highlights the surge of rental inventory relative to for-sale inventory.

Investors 370

Investors Inventory Buyers Marketing 370

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. All of this has resulted in a nosedive in homebuilder sentiment.

Supply Chain 397

Supply Chain Construction Inventory Finance 397

Housing Wire

JUNE 27, 2022

In our efforts to meet demand, we grew the team faster than we could train, support and develop everyone to meet the demands of changing roles and processes,” founder and CEO Guy Gal said in a written statement. More than 10,000 industry jobs likely have already been shed during the past year, analysts told HousingWire.

Housing Market 468

Housing Market Marketing Brokerage Real Estate 468

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? In 2008, many people lost their homes when the housing bubble burst. Why Is U.S.

Inventory 68

Inventory Construction Real Estate Renovations 68

Appraisal Today

NOVEMBER 1, 2024

The Wall Street Down graphic above is for the 2008 crash. Using the subject as a comp – When and Why, By Timothy Andersen, MAI AMC history helps understand how they changed over the years, most significantly after 2008. In my opinion, this definitely increases risk for consumers, GSEs, the economy and the real estate market.

Appraisal 91

Appraisal Training Contracts Mortgage 91

D Fritz Appraisals

JULY 7, 2021

In an article by the Vancouver Island Free Daily, pent-up demand and extremely low inventory have also been driving factors for the rapid-fire sales. It hasn’t just been existing homes either, plots of land and new developments have been selling just as fast as the listing goes live.

Real Estate 140

Real Estate Appraisal Buyers Valuation 140

Cleveland Appraisal Blog

MARCH 18, 2021

With a shortage of inventory, it was not hard to imagine why this might be the case. I saw this exact same scenario play out in the years leading up to 2008. We develop our opinions on facts, not feelings. Especially if the home being appraised is in a neighborhood that is underserved. I searched for some comparable sales.

Appraisal 195

Appraisal Investors Market Value Contracts 195

D Fritz Appraisals

JUNE 28, 2022

Significantly reduced housing inventory. At the same time, inventory of available homes dropped significantly and BCREA Chief Economist Brendon Ogmundson is quoted as saying ‘While sales are not keeping pace with the unprecedented levels seen [in 2021], demand remains strong’. Higher disposable household income .

Real Estate 110

Real Estate Marketing Inventory Housing Market 110

Cleveland Appraisal Blog

FEBRUARY 4, 2021

”, posted by EarthSky in Human World , according to the National Oceanic and Atmospheric Administration, from 2008 to 2018, our groundhog friend has only been accurate 40% of the time. Especially is this the case with condominiums or homes in tract developments. I know it’s just for fun. .

Advertising 198

Advertising Valuation Appraisal Renovations 198

Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. 2023 Real Estate Performance Highlights The number of homes sold decreased by 18.9%

Inventory 72

Inventory Sellers Buyers Contracts 72

Lamacchia Realty

JUNE 10, 2022

For the first time in years inventory is at the same level as the year prior as depicted in the chart above, and single families are higher as depicted in the chart below. The informed consumer should not be misled into thinking that this means we’re going to endure a major housing correction or 2008-like scenario.

Marketing 69

Marketing Sellers Buyers Inventory 69

Appraisal Today

DECEMBER 6, 2024

The following is where I have arrived at developing answers: To read more, Click Here My comments: Worth reading the full article, plus the appraiser comments. I am so glad I have not done any GSE appraisals since 2008! I don’t care what the GSEs say. I comply with USPAP. This November, the housing economy is anything but calm.

Appraisal 78

Appraisal Marketing Real Estate Buyers 78

Housing Wire

OCTOBER 23, 2024

To get a real price crash, we would need to see a surge of housing inventory and distressed sellers. As you will see below, inventory is growing, but it’s been a calm, healthy rise in 2024, not a flood of houses coming onto the market. Using the NAR data, the normal amount of active inventory since 1982 has been between 2 and 2.5

Mortgage 497

Mortgage Inventory New Listings Sellers 497

Eppraisal

SEPTEMBER 22, 2021

There is a lot of buzz among the general public as to if and when there will be a real estate market crash like the one in 2008. The inventory of homes available are historically low as well. According to an article on Realtor.com, written by Danielle Hale, "The national inventory of active listings declined by 25.8%

Real Estate 45

Real Estate Marketing Inventory Home Value 45