Eyes on Housing

SEPTEMBER 22, 2021

A reversal is taking place in the construction pipeline. Since early 2013, there have been consistently more multifamily units (residences within 2+ unit properties) under construction relative to single-family homes.

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Housing Wire

MAY 18, 2022

Census Bureau released their new residential construction report for April, showing a miss on the estimate and a negative revisions data line, which I believe is lagging behind the current market reality. This happened in 2013-2014, and in 2018 when mortgage rates moved toward 5%. From Census: Housing Completions Privately?owned

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Housing Wire

JULY 14, 2022

Kiavi, founded in 2013 and led by CEO Michael Bourque, expanded to three states in June and now operates in 32 states and Washington, D.C. The lender was planning to offer construction loans but rising interest rates put a halt to that and forced Kiavi to issue pink slips. . Employees will be terminated on Friday, July 15.

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Housing Wire

JANUARY 19, 2023

million until 2020-2024, when demand would finally warrant that type of construction. New home sales missed estimates from 2013 to 2015. Fortunately, as you can see in the chart below, the number of housing units (five units or more) under construction is historically high. When supply is 4.3 When supply is 4.4 months and above.

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Appraisal Buzz

NOVEMBER 18, 2024

A Cautionary Tale from 2013 Let me start with a personal story. In 2013, I acquired an apartment complex in Austell, Georgia. Diminished Development Capacity: As developers struggle, new construction grinds to a halt. It was a prime investment – cash flowing and competitively priced due to it being a buyer’s market.

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Housing Wire

DECEMBER 7, 2020

months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. months, the builders are ok with construction as long as new home sales grow. In 2013/2014, when the economic data was improving, mortgage rates rose. If supply goes over 6.5

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Inventory Construction Government Housing Market 545

Housing Wire

FEBRUARY 23, 2021

Finally, lumber and other building materials are still scarce, forcing construction companies to delay projects and prevent an inventory build-up. Of course, this is all fantastic news for anyone looking to sell their home in 2021. December 2020’s 10.4%

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Housing Wire

FEBRUARY 15, 2023

The NAHB attributes the increase to the slight easing of mortgage rates , which the trade organization feels is a signal that the housings market might be turning, despite builders still dealing with high construction costs and supply chain issues. Builders are continuing to offer a variety of incentives.

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Housing Wire

AUGUST 23, 2022

So for now, the builders will take their time with the homes under construction and make sure they offer enough incentives to unload the new home supply they’re dealing with. We had missed sales estimates in 2013, 2014 and 2015. This time, we have less production of homes and more multifamily construction. When supply is 4.4

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Construction Housing Market Sellers Real Estate 370

Housing Wire

MAY 26, 2022

As you can see below, the inventory keeps falling from 2014 levels, and even with the weakness in demand this year, we are nowhere close to 2013 levels, let alone 2018 levels. 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.

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Housing Wire

MAY 13, 2024

“We hope that by providing early, proactive, and constructive feedback to FHFA and the GSEs, there will be adequate time to augment the data made available in the planned 3Q 2024 data release as well as in any subsequent data release.”

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Housing Wire

MARCH 23, 2022

months and above, the builders will pull back on construction. They’re mindful of higher rates because in 2013, 2014 and 2015 they had to deal with a miss in sales expectations. It’s taking forever to build a home and that has created a huge number of homes under construction. When supply is 6.5

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Appraisal Buzz

DECEMBER 13, 2021

I have also been actively involved with the Collateral Risk Network for over a decade and am a recipient of the Valuation Visionary Award in 2013. . Within the real estate and the valuation industry, supply chain components impacted by shortages include housing – the construction of, the buying and selling of, and the financing of. .

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Housing Wire

AUGUST 3, 2022

People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% We saw this in 2013-2014 and 2018-2019. The builders would love rates to get back to these levels so they can be sure to sell some of the homes they’re finishing up on the construction side. Higher rates and sales data.

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Mortgage Inventory Sellers Housing Market 514

Housing Wire

MAY 16, 2024

The third PLF reduction in October 2013 was assessed in more granular detail and concluded that “the first and second reductions may have helped remove so many potentially marginal loans from the population that models could not detect any beneficial effects due to the third reduction and drawdown restriction,” the report said.

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Eyes on Housing

JUNE 14, 2021

The average length of time to complete construction of a multifamily building, after obtaining authorization, is 17.4 months, according to the 2020 Survey of Construction (SOC) from the Census Bureau. The authorization-to-completion time in 2020 was relatively unchanged from 2019, slowing down the upward trend since 2013.

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Construction 183

Housing Wire

JUNE 2, 2022

A data point that explains the resiliency of the housing market: the number of households forming vs. the number of homes constructed. Data shows that before 2013 fewer households were forming and more construction was happening, so we had a surplus of homes.

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Eyes on Housing

JULY 9, 2021

According to NAHB analysis of the Survey of Construction (SOC), new single-family starts expanded at a fast pace in 2020. It marked the fastest growth rate since 2013 and the highest count of starts since the Great Recession. Nationally, 993,635 new single-family units were started in 2020, 12% higher than the units started in 2019.

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Appraisal Buzz

NOVEMBER 20, 2024

However, despite the across-the-board increases, overall credit supply remains tight, with the index still near the very low levels of 2011-2013,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “Mortgage credit availability increased to its highest level since April 2023, driven by gains across all loan categories.

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Eyes on Housing

JULY 7, 2022

The average length of time to complete construction of a multifamily building, after obtaining authorization, is 17.5 months, according to the 2021 Survey of Construction (SOC) from the Census Bureau. The authorization-to-completion time in 2021 inched up from 2020, decelerating the upward trend since 2013.

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Construction 174

Eyes on Housing

AUGUST 9, 2022

According to NAHB analysis of the Survey of Construction (SOC), new single-family starts expanded at a fast pace in 2021. It marked the fastest growth rate since 2013 and the highest count of starts since the Great Recession. Nationally, 1,133,145 new single-family units were started in 2021, 14% higher than the units started in 2020.

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Construction 167

Housing Wire

APRIL 11, 2022

We had a few years where sales missed expectations in 2013, 2014, and 2015. Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months. New home sales were working from the lowest levels ever, but sales kept on disappointing analysts and economists.

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Housing Wire

NOVEMBER 2, 2020

The last time we had a consistent downtrend in existing home sales was back in 2013-2014. months, builders pull back, and new construction stalls. First, we’ve been there before, so we know what to look for, and second, it’s not that complicated. We just need to consider both sides of the housing market – new and existing home sales.

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Housing Market Marketing Inventory Design 545

Housing Wire

JANUARY 5, 2023

Going back to 2013, I have stressed that my affordability index gets tripped up if mortgage rates get above 5.875% , and wrote about this in 2019 as we were about to enter my critical period of 2020-2024. From 2013 to 2022 I forecasted price growth every year. months on a three-month average and new home sales are growing. We are at 8.6

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Appraisal Buzz

JULY 5, 2024

And while new construction may be necessary to create slack in the market, over the longer term, the rebalancing needed will originate from lower rates that ease the lock-in effect. These dynamics will drive growth in the U.S. residential housing economy, which represents approximately 17% of the nation’s Gross Domestic Product (GDP).

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Housing Wire

MARCH 29, 2022

We had a few years where sales missed expectations in 2013, 2014, and 2015. Then in 2018, when mortgage rates got to 5%, we had a supply shock for the builders, which in essence stalled out construction for 30 months. New home sales were working from the lowest levels ever, but sales kept on disappointing analysts and economists.

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Inventory Housing Market Marketing Modernization 435

Appraisal Buzz

MAY 14, 2024

Applications to purchase newly constructed homes increased 22 percent over the year and have now shown annual gains for 15 consecutive months. percent in April, higher than the survey average of 18 percent dating back to 2013.

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Housing Wire

MAY 6, 2022

Some historical references: The last two times rates rose, this is what we saw — 2013/2014 negative — 20% year over year trend 2018 purchase application data was flat to slightly positive all year long; we only had three mild negative years over year prints when rates headed to 5%.

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Inventory Housing Market Marketing Construction 370

Housing Wire

AUGUST 2, 2022

“Despite the year-over-year increase in both listing and closed listings, rising interest rates, combined with a continued pandemic-related material shortages and construction delays, suggest that the shortfall of affordable rentals is unlikely to reverse before the end of 2022,” the HouseCanary report states.

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Appraisal Buzz

SEPTEMBER 25, 2024

She was promoted to VP in 2010, COO in 2013, and CEO in 2016. Brooks remains a leader in a male-dominated industry, and has become a role model for other women looking to advance in the construction space.

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Appraisal Buzz

JUNE 14, 2024

As a surge in new multifamily rental units has slowed down rent growth, single-family construction is starting to lift for-sale inventories. Under Palmer’s leadership, Taylor Morrison has been successful in creating trustworthy relationships with both internal and external customers.

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Appraisal Buzz

AUGUST 30, 2024

She was promoted to VP in 2010, COO in 2013, and CEO in 2016. She is leader in a male-dominated industry, and has become a role model for other women looking to advance in the construction space.

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Housing Wire

AUGUST 24, 2024

You could also include any specific type of real estate you specialize in, such as new construction, working with first-time buyers or selling waterfront properties. The goal of your page name should be to tell your audience that you sell real estate and where you sell real estate.

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Housing Wire

AUGUST 29, 2022

Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. Homepoint Cash Compete helps buyers close an all-cash bid and the Homepoint New Build program connects builders with construction financing. 1 lender in the country. I don’t have on my board my goal is to be the No.

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Appraisal Buzz

SEPTEMBER 20, 2024

Due to her commitment to fostering a collaborative work environment, she’s received several company awards, including the Perfect Circle Award (2013 and 2014) for top performance in production and units. In 2017, she was named Regional Manager of the Year.

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MN Real Estate Services

FEBRUARY 27, 2017

Since 2013 alone, some of the market measurements that demonstrate that growth, according to Colliers, include: There are other measurements that demonstrate the strength of the market. Since 2013 more than 210 million square feet of acquisitions greater than $1 million—including owner/occupied facilities—occurred.

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Clear Capital

AUGUST 30, 2021

Fortunately, we do have some history to point to — the taper tantrum of 2013. In early 2013, then Fed Chairman Ben Bernanke began to telegraph that the Fed was looking to scale back its extraordinary support for the economy. The Fed then announced its first reduction in asset purchases at the December 2013 meeting.

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