Remove 2013 Remove Construction Remove Development
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Fewer housing permits equate to further inventory, affordability challenges

Housing Wire

Bureau of Labor Statistics from 2013 to 2023. Fewer homes under construction and falling permits mean dwindling options for future buyers, adding more pressure to a market already strained by tight supply,” Point2 said. Theoretically, new construction should be bolstered by the acute shortage of housing on the market,” Point2 said.

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New home sales plunge 18.2%, but demand stays strong

Housing Wire

to a seasonally adjusted annual rate of 775,000 in February — the sharpest month-over-month decline since 2013, according to estimates by the U.S. Census Bureau and the Department of Housing and Urban Development. The home can be in any stage of construction: not yet started, under construction or completed.

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Solving the Affordable Housing Crisis

Appraisal Buzz

A Cautionary Tale from 2013 Let me start with a personal story. In 2013, I acquired an apartment complex in Austell, Georgia. Concentrated Development: Many developers flocked to the same areas, leading to localized oversupply. Diminished Development Capacity: As developers struggle, new construction grinds to a halt.

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New home sales make it clear: Housing is in a recession

Housing Wire

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. We talked about this in March , and even last year, when I wrote about the problem with the housing construction boom premise. “I don’t expect a boom in housing construction.

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HECM program study assesses policy impacts of recent years

Housing Wire

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S.

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Builders are feeling cautiously optimistic thanks to lower mortgage rates

Housing Wire

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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Trade groups express concern to FHFA over historic credit data

Housing Wire

“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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