Remove 2015 Remove Construction Remove Housing Market
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The housing market is 6.5 million units short: Realtor.com

Housing Wire

It is no secret that the housing market is suffering from an ongoing inventory drought. Existing housing inventory fell by 11,021 homes week over week for the week ending March 6, according to data from Altos Research. million housing units were started , and 11.9 of all housing starts, the highest level since 2015.

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Housing Market Tracker: Purchase apps surprise

Housing Wire

This dynamic changed the housing market from one where home sales were crashing to one that is now stabilized. As you can see in the chart below, the collapse of the purchase application data has stalled out, and if this didn’t happen, we would be having a different conversation about the housing market today.

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Logan Mohtashami’s 2023 housing market forecast

Housing Wire

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing recession. That would be a positive for demand.

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Fannie Mae Adds Homebuilding Exec to Its Board

Appraisal Buzz

Stowell currently sits on the Board of Directors at Toll Brothers, Pacific Mutual Holding Company, and HomeAid America, a non-profit organization whose mission is to help people experiencing or at risk of homelessness build new lives through construction, community engagement, and education. housing market.”

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Surging home prices lead more Americans to stay in the renter pool

Housing Wire

million additional renter households and marks the second-fastest yearly pace of growth since 2015. Redfin cited the boom in multifamily construction over the past few years as one reason why rents have remained stable. This rate of growth is three times faster than the 0.9% increase in homeowner households, which now total 86.9

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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. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. In response, they stalled construction for 30 months.

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Watchdog report: Institutional investors ‘may have contributed to increasing home prices’

Housing Wire

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.

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