Eyes on Housing

MARCH 9, 2023

The NAHB recently published its latest Cost of Construction Survey. of the average home sale price consisted of construction costs, essentially unchanged from the 61.1% Results show that 60.8% posted in 2019.

Construction 190

Construction 190

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. 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.

Construction 514

Construction Housing Market Inventory Marketing 514

Eyes on Housing

AUGUST 3, 2021

The latest labor force statistics from the 2019 American Community Survey show that more young people are entering the construction trades. in the construction industry in 2019, compared to only 9.7% Consequently, the median age of construction workforce is 41 in 2019, a year younger than in. Read More ›

Construction 183

Construction 183

Housing Wire

MARCH 8, 2023

This resulted in the gap between single family home construction and household formation growing to 6.5 of all housing starts, the highest level since 2015. During that same time period, just 13.1 million housing units were started , and 11.9 million were completed, with 8.5 million being single-family units and 3.4

Housing Market 459

Housing Market Marketing Inventory Construction 459

Housing Wire

AUGUST 11, 2020

This is the sixth Florida market where the company is now live since it began iBuying in Florida in 2015, operating in Citrus Ridge, Fort Pierce, Port St. ” For consumers interested in new construction, Offerpad has partnered with Beazer Homes , Maronda Homes , Meritage Homes , and Pulte Homes , to name a few. “Port St.

Real Estate 417

Real Estate Sellers Construction Marketing 417

Housing Wire

MAY 31, 2024

While initially relying on bulk purchases, institutional investors eventually shifted more toward smaller-scale purchases, merging with smaller investors or investing in the construction of single-family homes to eventually rent them out. However, by 2015, institutional investors collectively owned an estimated 170,000-300,000 homes.

Investors 462

Investors Inventory Government Construction 462

Housing Wire

MAY 13, 2021

Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. In March, Redfin reported almost two-thirds (63%) of people who bought a home in 2020 made an offer on a property they hadn’t seen in person, up from 32% a year earlier and the highest share since at least 2015.

Construction 488

Construction Government Inventory Mortgage 488

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.

Mortgage 508

Mortgage Construction Marketing Housing Market 508

Appraisal Buzz

OCTOBER 24, 2024

Sherri Eckles , who was appointed last year and serves as SVP of the Renovation and Construction Lending Programs at Norcom Mortgage, will also continue to serve on the Committee. “We HUD established the Housing Counseling Federal Advisory Committee in April 2015 to advise HUD’s Office of Housing Counseling on how to carry out its mission.

Real Estate 221

Real Estate Renovations Development Construction 221

Housing Wire

SEPTEMBER 9, 2021

Take a look at some of the 2020 honorees: Maxwell co-founder John Paasonen has grown the company to serve more than 250 community lenders since 2015 and the Maxwell platform has now facilitated over $100 billion in loan volume, helping its customers enhance the borrower experience by closing loans 45% faster than the national average.

Architecture 360

Architecture Technology Construction Real Estate 360

Appraisal Buzz

MARCH 25, 2025

Most remodelers reported a lack of trained trade personnel, such as plumbers, electricians, and carpenters, between 2015 and 2023. 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.

Renovations 195

Renovations Investing Training Insurance 195

Housing Wire

JANUARY 3, 2024

It has shown a willingness to absorb operational losses as a landlord, losing almost $2 million last year and almost $5 million since 2015. million bond to purchase property to construct affordable housing for teachers and staff. For those teachers who get a unit – there is a wait list – the benefit is substantial.

Landlords 488

Landlords Home Value Construction Renovations 488

Housing Wire

NOVEMBER 23, 2021

The cost gap also thwarts construction and development of modest homes, limiting the availability of affordable homes for first-time and first-generation homebuyers. Neighborhood Homes creates a tax credit that covers the gap between the cost of construction and a home’s sale price.

Investing 476

Investing Renovations Construction Development 476

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

Construction 370

Construction Housing Market Sellers Real Estate 370

Housing Wire

FEBRUARY 26, 2021

She also established CalHFA’s downpayment assistance program which offers a deferred-payment junior loan to first-time homebuyers, and the mixed-income program that provides construction financing on multifamily housing projects for a range of incomes. The President’s Feb.

Finance 381

Finance Construction Lending Investing 381

Housing Wire

MAY 11, 2024

I want to see what the apartment completion data looks like because labor is at risk once those apartments under construction are completed. Since we focus so much on the labor data and the direction of mortgage rates, tracking construction workers in each economic cycle is essential.

Mortgage 482

Mortgage Inventory New Listings Housing Market 482

Eyes on Housing

AUGUST 28, 2024

months for authorization to start construction and another 8.6 months to finish construction. According to the Census Bureau’s Survey of Construction, the permit-to-completion time has been on an upward trend since 2015. The average completion time of a single-family house in 2023 was approximately 10.1

Construction 175

Construction 175

GoForrmz

APRIL 23, 2021

General Manager, Construction, Mike Wood, discusses his new role at GoFormz and construction’s digital-centric future. From the job site to the halls of Procore HQ, Mike Wood has spent the last decade working within the construction industry. The construction industry has traditionally been resistant to digital adoption.

Construction 133

Construction Technology Clients Business 133

GoForrmz

JUNE 17, 2024

Originally published on December 29, 2015. Construction businesses of all sizes are embracing digital transformation GoFormz mobile and online forms offer a whole new world of possibilities for construction teams. Here are the top 6 reasons why mobile forms are benefitting the construction industry.

Construction 148

Construction Project Management Business Modernization 148

Eyes on Housing

NOVEMBER 15, 2022

The index has decreased four of five months for the first time since 2015. The PPI for goods inputs to residential construction, including energy, was led 0.2% The prices of building materials decreased 0.2% in October (not seasonally adjusted) following a 0.5% higher by prices of diesel fuel (+9.5%). Read More ›

Construction 197

Construction 197

Housing Wire

APRIL 1, 2024

“To my knowledge, we are the only ones who set this up as a traditional wholesale channel, which makes it easier for these third parties to add it as a product in the suite that they already have access to — all of their agency loans, government loans, jumbo, non-QM, construction. This is just one more arrow in their quiver.”

Loan Officers 448

Loan Officers Clients Mortgage Construction 448

Housing Wire

JULY 13, 2024

The big focus for housing starts data is if single-family permits keep falling, which isn’t bullish for construction labor going out. I want to see if we get more dovish statements from other Fed presidents this week. Retail sales are on Tuesday and housing starts are on Wednesday.

Mortgage 514

Mortgage New Listings Inventory Contracts 514

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. From 2015 to 2021, average household formation was about 1.5

Housing Market 468

Housing Market Supply Chain Construction Clients 468

Appraisal Buzz

DECEMBER 16, 2024

In 2024, through October, the average annualized sales pace of new home sales was an estimated 682,000, which is higher than the average sales pace of 595,000 from 2015 to 2019. Between 2015 and 2019, the median price difference between the sale of a new and existing home averaged roughly 4%, whereas between 2015 and 2019, it averaged 28%.

Inventory 284

Inventory Construction Housing Market Mortgage 284

GoForrmz

MARCH 6, 2024

Originally published on 12/03/2015 Why do thousands of construction and field service companies use GoFormz as their mobile form solution? In the ever-evolving landscape of construction and field service industries, the seamless incorporation of mobile forms has become a cornerstone for efficiency and productivity.

Construction 148

Construction Inspection Design Technology 148

Eyes on Housing

DECEMBER 9, 2022

The index has decreased five of six months for the first time since 2015. The PPI for goods inputs to residential construction, including energy, fell 0.8% The prices of building materials decreased 0.3% in November (not seasonally adjusted) following 0.5% in November. Read More ›

Construction 174

Construction 174

Eyes on Housing

OCTOBER 14, 2022

percent came with porches, according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. This marks the first time the share of single-family homes with porches has dipped below 64 percent since 2015. . Of the roughly 1.1 million single-family homes started in 2021, 63.4 Read More ›

Construction 167

Construction Development 167

Housing Wire

OCTOBER 4, 2023

Unlike in the construction industry, the BDS data does not distinguish between residential and non-residential, so it is unclear how residential lessors fared relative to retail, office, etc. Firms, similarly, broke records from 2015-2021 and reached more than 75,000 in 2021. Employment for this group has been on a tear.

Landlords 448

Landlords Agents Brokerage Supply Chain 448

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.

Inventory 514

Inventory Housing Market Marketing Modernization 514

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

Mortgage 505

Mortgage Inventory Housing Market Construction 505

Housing Wire

SEPTEMBER 14, 2023

The momentum from these regulations has resulted in a large increase in ADU construction activity: permits for ADUs in California have increased nearly 22x from around 1,100 in 2015 to nearly 24,000 in 2022 and roughly 68,000 ADUs were built across California between 2017-2021.

Tenants 418

Tenants Government Law Buyers 418

Housing Wire

NOVEMBER 19, 2021

The HMDA data is a crucial tool for the CFPB in constructing redlining cases. The CFPB expanded HMDA reporting requirements in 2015, doubling the number of data fields it required lenders to submit, and modifying some of the existing fields. The agency further refined the HMDA rule in 2017.

Lending 396

Lending Modernization Tools Mortgage 396

Housing Wire

APRIL 8, 2021

The gen­er­a­tion made up 38% of home buy­ers in the year that ended July 2019, up from 32% in 2015, ac­cord­ing to the Na­tional As­so­ci­a­tion of Re­al­tors. ”. The nation’s greatest obstacles ahead will come from the shortages in available single family home inventory across the county.

Development 448

Development Lending Mortgage Marketing 448

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.

Inventory 435

Inventory Housing Market Marketing Modernization 435

Housing Wire

APRIL 1, 2022

Look at the jobs data and which sector added jobs in March: Construction jobs came in positively, which we need in this country. Job openings for construction workers are still historically high today, as the need for labor in America is high. The unemployment rate currently stands at 3.6%. They did it in a significant fashion too.

Construction 476

Construction Marketing Housing Market Retail 476

Housing Wire

DECEMBER 14, 2024

If spreads had remained as unfavorable as last year, we would likely see fewer housing permits and starts, and we might have faced a loss of residential construction jobs in certain parts of the U.S. Despite the recent increase in the 10-year yield, mortgage rates have performed better than in the past because the spreads have not worsened.

Mortgage 448

Mortgage Inventory New Listings Contracts 448

Housing Wire

JUNE 18, 2023

For housing starts, we want to see more completion of apartments because the best way to deal with inflation is always adding more supply, and we have a lot of 5 units under construction soon This is very key because without rent inflation taking off again, it’s impossible ever to have a repeat of the 1970s-style inflation.

Housing Market 505

Housing Market Marketing Inventory New Listings 505