Housing Wire

NOVEMBER 22, 2023

New construction starts and permits showed surprising strength in October while existing-home sales slumped to their worst reading since 2010. “This dynamic is reflected in the latest data showing that existing home sales have fallen to a thirteen-year low.”

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Mortgage Construction Inventory Marketing 476

Housing Wire

NOVEMBER 30, 2023

Historically high rates harmed the housing market in October Annualized existing home sales remained below 4 million in October, the lowest rate since 2010. Meanwhile, new home sales posted a better performance as homebuyers pivoted to new construction amid waning existing home supply. New home sales fell 5.6%

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Appraisal Buzz

FEBRUARY 11, 2025

He is the CEO and Founder of Bluebird Lending, a national private lender servicing real estate developers and investors with an array of loan products to acquire, construct, and refinance residential and multifamily properties. Since 2010, Michael has focused on opportunities in the revitalization of Philadelphias emerging neighborhoods.

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Appraisal Buzz

SEPTEMBER 13, 2024

The expanded historical series, which spans 2004 to 2010, was developed to give the current series historical context by illuminating changes in loan availability during the previous ten years, including the housing crisis and recession that followed. The expanded historical series from 2004 to 2010 does not include updated methodology.

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Mortgage Government Lending Construction 414

Housing Wire

OCTOBER 26, 2023

For those new construction units, the national median new home price is projected to drop by 5.9% Meanwhile, existing home sales in September fell to their lowest level since 2010, Realtor.com Senior Economic Research Analyst Hannah Jones said in an emailed statement. Compared to 2022, NAR expects the sale of new homes to grow by 4.5%

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Housing Wire

DECEMBER 29, 2021

Also, post-2010, the loans in American are very vanilla on the debt structure side of the equation. Housing permits are growing and this is a good thing for the economy and construction jobs. Currently, home-price growth is too hot, which is why I label this the unhealthiest housing market post-2010. These households got sub-3.5%

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Housing Market Marketing Construction Mortgage 534

Appraisal Buzz

AUGUST 8, 2024

The expanded historical series, which spans 2004 to 2010, was developed to give the current series historical context by illuminating changes in loan availability during the previous ten years, including the housing crisis and recession that followed. The expanded historical series from 2004 to 2010 does not include updated methodology.

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Mortgage Government Lending Construction 396

Housing Wire

APRIL 11, 2022

The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built too many homes versus the real demand curve, and monthly supply proves that. Then we had an 82% crash in new home sales, and the weakest new home sales recovery ever after 2010.

Inventory 514

Inventory Housing Market Marketing Modernization 514

Appraisal Buzz

JULY 11, 2024

The expanded historical series, which spans 2004 to 2010, was developed to give the current series historical context by illuminating changes in loan availability during the previous ten years, including the housing crisis and recession that followed. The expanded historical series from 2004 to 2010 does not include updated methodology.

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Mortgage Government Lending Technology 397

Housing Wire

JANUARY 10, 2022

Even with this increase, fixed-rate loans will still be cheaper than they were before the pandemic: In the 2010-2019 decade the interest rate averaged 4.1% 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

MAY 16, 2024

The bulk of losses came from loans that originated between 2006 and 2010,” the report stated. Researchers estimated that the Federal Housing Administration (FHA) incurred a net loss of approximately $10.4 billion from the program.

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Development Appraisal Property Appraisal Insurance 451

Housing Wire

APRIL 23, 2024

More on that topic and why existing home prices are still up here. Now, the builders can mitigate the damage of higher mortgage rates and prevent home sales from dropping to the lowest level of sales ever (which was in 2010 at 305,000.)

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Inventory Construction Mortgage Buyers 514

Housing Wire

JANUARY 19, 2022

You always want to be skeptical of any housing starts data that comes in too strong or too negative from the trend, and we had some specific factors in this report that boosted multifamily construction. The real story here in America in housing construction is the long delays in finishing a home which, is very obvious now in the housing data.

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Construction Housing Market Inventory Marketing 496

Real Estate News

AUGUST 21, 2023

The median square footage for a home under construction — now 2,191 — has hit its lowest point since 2010.

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Construction 246

Housing Wire

APRIL 24, 2023

million, the existing home sales forecast represents the slowest annual pace since 2010, according to the ESR Group. New home construction is expected to pull back later in 2023 – consistent with Fannie Mae’s forecasted recession – which is due, at least in part, to tighter credit availability for construction lending.

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Housing Wire

MARCH 23, 2023

We didn’t have the credit stress issue from 2010-2023 like we did from 2005 through 2008. The builders will pull back on construction when the supply is 6.5 We have had many people on social media sites saying a massive housing supply will hit the market soon because we have a record amount of homes under construction.

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Inventory Housing Market Construction Marketing 545

Housing Wire

FEBRUARY 17, 2022

You can understand why I keep saying this is the unhealthiest housing market post-2010. Housing starts, just like new home sales, can be wild month to month, so the trend is your friend and the direction in housing permits has been good enough to keep construction going. Housing permits. Where have all the great robots gone?

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Construction Housing Market Inventory Marketing 435

Housing Wire

AUGUST 10, 2023

In June, insurance giants State Farm and Allstate pulled out of California’s home insurance marketplace, citing mounting construction costs. CoreLogic said insurers’ models should account for the current risk landscape, including climate change considerations.

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Insurance Construction Realtors Development 370

Housing Wire

FEBRUARY 15, 2024

were 65 and older as of 2020, up from 13% in 2010,” the report reads. Some young families are turning to new construction, and others are renting homes.” Older generations have an outsized level of influence over the U.S. housing market for multiple reasons, Redfin said.

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Property Taxes Insurance Construction Inventory 488

Housing Wire

DECEMBER 4, 2020

over the next three years – nearly a percentage point lower than the average of the 2010-2019 decade. . “And I wouldn’t be surprised if this low rate environment continues even beyond 2021, not necessarily at 2.7% On average, CoreLogic predicts mortgage rates to sit closer to 3.2%

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Mortgage Contracts Construction Inventory 518

Appraisal Buzz

MARCH 25, 2025

Average maintenance spending in 2023 was 76% greater than that of homes built before 2010, and enhancement spending was 24% higher for homes built before 1980. Additionally, the industry is strongly dependent on foreign-born workers; in 2023, immigrants made up a record-breaking 34% of the labor force in the construction trades.

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Housing Wire

MARCH 29, 2022

The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built too many homes versus the real demand curve, and monthly supply proves that. Then we had an 82% crash in new home sales, and the weakest new home sales recovery ever after 2010.

Inventory 435

Inventory Housing Market Marketing Modernization 435

Housing Wire

NOVEMBER 22, 2023

The number of home sales in 2023 will likely be at its lowest level since 2010, and while sales activity will pick up in 2024, transactions will still be below average. Record levels of new apartment construction have led to rent declines and concessions, making it more attractive to rent than to buy in some places.

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Housing Market Marketing Inventory Sellers 501

Eyes on Housing

MAY 17, 2021

million) of construction workers are self-employed. Nevertheless, construction self-employment rates are now lowest on record, down from a record high of over 26% in 2010. One of the factors behind the recently falling construction self-employment. According to the 2019 American Community Survey (ACS), 22% (2.4

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Construction 125

Housing Wire

JANUARY 7, 2022

Construction jobs came in positive but we still have a fairly high level of construction job openings currently. The lack of construction productivity over the decades has been one reason why I have never believed in a housing construction boom in America. Here is a look at the job gains and losses reported today.

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Mortgage Construction Retail Marketing 533

Housing Wire

DECEMBER 11, 2023

Ruehrwein, who became a licensed agent in 2017 after working in the new construction industry for 28 years, serves clients in Rehoboth and surrounding Massachusetts towns, as well as East Providence and the Narraganset area of Rhode Island. “My The independent brokerage, which now has over 50 agents was founded in 2010 by Claude Blackman.

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Housing Wire

MAY 26, 2022

That’s not the case now because we have’t had a credit boom post-2010 as we did from 2002 to 2005. We have more housing starts under construction now than in recent history! We have a lot of multifamily construction going on that won’t help the homebuyer. What is going on here?

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Inventory Housing Market Construction Marketing 526

Housing Wire

DECEMBER 29, 2022

The housing economy is built on housing construction, and the recession that started in June meant housing permits were going to fall, which they have. Today, it’s the complete opposite story: the 2005 bankruptcy reform laws and the 2010 Qualified Mortgage laws laid the foundation for the best housing credit profiles recorded in U.S.

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Housing Market Marketing Inventory Sellers 546

Housing Wire

MARCH 23, 2022

The fact that the 23% home-price growth level has been smashed in just two years and inventory just collapsed to all-time lows has created the most unhealthy housing market post-2010. months and above, the builders will pull back on construction. The only risk to that 6.2 The two things I had as risk factors are now in play.

Mortgage 505

Mortgage Inventory Housing Market Construction 505

Housing Wire

JANUARY 7, 2022

While we have lots of new construction, there are lots of delays due to shortage of materials and also construction workers,” said Ethel Curbow, an agent at AMAX real estate. from 2010 to 2020, Peoria’s population dropped 2.5% Springfield, Missouri. The “Queen city of the Ozarks” needs more homes. national unemployment rate.

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Housing Market Marketing Real Estate Agent Agents 418

Housing Wire

APRIL 28, 2021

. “With a similar culture and alignment of values, Veritex has helped Thrive grow by understanding our business and assisting Thrive with tailored financing, including construction warehouse lending. It primarily works with small- and medium-sized businesses. It posted net income of $31.8 million in the first quarter.

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Mortgage Lending Investing Retail 370

Housing Wire

APRIL 14, 2023

While it is not the high seen during the First-time Home Buyer Tax Credit in 2010, it is also not the historical norm of 40% seen in the annual Profile of Home Buyers and Sellers report. As these all-cash buyers and non-primary residence buyers are finding success in today’s housing market, what is notably lacking are first-time homebuyers.

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Realtors Buyers Inventory Investors 459

Housing Wire

JANUARY 20, 2023

million units, declining from its final estimate of total sales in 2022 and marking the slowest annual pace since 2010, according to its Economic and Strategic Research Group. “We Fannie Mae expects total home sales in 2023 to be 4.52 Thus, the new home sales market is expected to be buoyed by first-time buyers this year, Fannie Mae said.

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Mortgage Housing Market Buyers Contracts 418

Housing Wire

AUGUST 29, 2023

The effect of mortgage rates Since the beginning of June, mortgage rates climbed up by more than 60 basis points, highlighted Bright MLS Chief Economist Lisa Sturtevant, while existing home sales were down to their lowest levels since 2010. Simultaneously, economists observed a modest uptick in supply.

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Inventory Buyers Construction Marketing 370

Housing Wire

SEPTEMBER 3, 2022

From BLS: Below are the areas where the report says jobs were created, and the construction job growth data is encouraging to see. Also, we must be mindful that multifamily construction has been good this year, with rental demand still solid.

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Contracts Construction Marketing Design 493

Housing Wire

NOVEMBER 2, 2020

Remember, in 2010 we had the homebuyer tax credit so that I wouldn’t count that data line. months, builders pull back, and new construction stalls. Existing home sales, on the other hand, are not as extreme as pending home sales. Existing homes sales didn’t have either the worst or best print in 2020. When monthly supply goes above 6.5

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Housing Market Marketing Inventory Design 545

Housing Wire

JANUARY 5, 2023

It got so bad that I labeled the housing market savagely unhealthy in February and deemed it the worst housing market post-2010, as inventory broke to all-time lows and mortgage rates were simply too low to stop the bidding wars. I have been forecasting since 2010 and I’ve only predicted price declines for 2011 and 2012.

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Housing Market Marketing Inventory New Listings 543