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. We simply cannot finish homes in America promptly, and now that mortgage rates are over 5%, some buyers won’t be able to purchase a home.

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Mortgage Construction Contracts Housing Market 493

Housing Wire

MARCH 25, 2021

“During the course of the pandemic, ‘home’ had become more important than ever, and as a result, strong purchase demand continues—but buyers also outnumber the sellers,” Khater said. Many economists speculate rising rates will be the key to quelling construction woes, even if it does eventually take a slight toll on demand.

Mortgage 543

Mortgage Construction Realtors Inventory 543

Housing Wire

JULY 20, 2021

” Mark Palim, deputy chief economist at Fannie Mae , said anecdotal reports of builders delaying or turning down orders to clear a growing construction backlog appears to be borne out by the recent housing starts data. With lumber prices recently pulling back, we expect some near-term strength in construction. million and 1.92

Housing Market 511

Housing Market Marketing Inventory Construction 511

Housing Wire

OCTOBER 14, 2021

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%.

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Buyers Housing Market Real Estate Agent Real Estate 539

Housing Wire

AUGUST 16, 2022

Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. If it wasn’t for solid rental demand boosting multifamily construction this year — 18% year to date —this data line would have looked much worse. months of supply but of that number, 6.22

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Mortgage Construction Inventory Buyers 533

Housing Wire

MARCH 23, 2022

It’s also driven more by mortgage buyers who tend to be older and make more money than the new-home buyers. Compared to the existing home sales marketplace, it doesn’t have a high cash buyer or investor buyer profile. months and above, the builders will pull back on construction. percent (±11.9 percent (±13.7

Mortgage 505

Mortgage Inventory Housing Market Construction 505

Housing Wire

FEBRUARY 1, 2021

And according to MetroStudy , in 2018, 70% of Millennial survey participants planned to purchase a home in the next 12 months. ?. As Candace Taylor writes in The Wall Street Journal , “These days, buyers eschew the large, ornate houses built in [previous] years in favor of smaller, more-modern looking alternatives.”

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Finance Buyers Modernization Construction 435

Housing Wire

MAY 26, 2022

If you follow the trend of housing supply since 2014, it’s been falling every year — with a pause in 2018-2019 — and then collapsed lower post-2020. 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.

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Inventory Housing Market Construction Marketing 526

Housing Wire

DECEMBER 3, 2020

In 2018, Forbes ranked the city No. In high-demand areas where only one or two properties come on the market, maybe in a month, we’re seeing [buyers paying] upwards of $100,000 to $150,000 over asking price.”. New construction continues to take more and more of our market,” Dopp said. Boise, Idaho was the No.

Marketing 534

Marketing Realty Realtors Housing Market 534

Housing Wire

JANUARY 6, 2022

Homebuilders responded to the shortage of homes for sale, accelerating new home construction, even as they face severe supply-side challenges, including rising building material costs and supply-chain bottlenecks, a lack of affordable lots, and difficulty in finding skilled labor. Since 2018, the housing supply deficit has been growing.

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Supply Chain Construction Housing Market Inventory 511

Housing Wire

JUNE 27, 2023

This means new homes — with all the bells and whistles — can peel some buyers from the existing home sales market, especially if they pay down mortgage rates. months and above, the builders will pull back on construction The current data has seen significant improvement, as the chart below shows. Now on to the report. When supply is 4.4-6.4

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Construction Inventory Marketing Buyers 516

Housing Wire

JUNE 21, 2022

RentCafe reported the average size of an apartment in the United States in 2018 to be 941 square feet. A study from Freddie Mac reported that, as of 2018, 51% of homes in the U.S. Yes, there are some government programs that provide construction components on permanent loans, but they are not ideal for inexperienced home buyers.

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Investors Renovations Inspection Government 435

Housing Wire

MARCH 28, 2024

Thanks to the efficiencies baked into the construction processes of manufactured homes, these factory-built houses are both faster and less expensive to build than site-built homes, saving buyers between $50,000 to $100,000 per unit. Much of this market dysfunction is also attributable to a lack of lenders.

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Business Finance Lending Buyers 476

Housing Wire

APRIL 27, 2022

The new home sales market doesn’t have a 28% cash-buyer profile as we saw in the last existing home sales report. So, while cash buyers as a percent of sales have been growing, this sector is driven by mortgage buyers primarily. Builders have to find buyers for canceled homes, then think about their demand.

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Construction Buyers Housing Market Inventory 370

Housing Wire

JUNE 16, 2022

As rates rise, this will impact the builders more as they try to find buyers for current homes in cancellation. Multifamily construction is different than single-family homes. But, this data line should grow a tad more while they finish up homes that they do have buyers for. Then, they need to manage what they can or can’t sell.

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Housing Market Buyers Mortgage Construction 545

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. Also, we had a supply spike in 2018, which caused builders to pause construction — and that was with rates only getting toward 5%. months and above.

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Construction Housing Market Sellers Real Estate 370

Housing Wire

MAY 10, 2022

More inventory is both the consequence and cause of a more balanced housing market: More choice for home shoppers limits the number of buyers bidding on each home, and the added competition lights a competitive fire under sellers and their listing agents to make their homes shine, including by pricing it competitively.

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Inventory Housing Market Construction Sellers 418

Appraisal Buzz

JUNE 11, 2024

Additional initiatives that Freddie Mac noted included the financing of more than 46,000 manufactured homes titled as real property from 2018-2023, providing more than $6.7 The number of entry-level homes represent less than 10% of all newly constructed homes, compared to about 35% in the 1970s. population.

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Finance Real Property Design Lending 390

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 My mom was a single parent who taught by example what a strong work ethic is, but we always rented.

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Agents Clients Advertising Realty 435

Housing Wire

DECEMBER 23, 2021

months and above, the builders will pull back on construction. However, the difference now than what we saw in 2018 was that in 2018, mortgage rates were at 5% and monthly supply was spiking higher as new home sales were falling. When supply is 6.5 From Census: For Sale Inventory and Months’ Supply: The seasonally?adjusted

Inventory 493

Inventory Marketing Construction Mortgage 493

Eyes on Housing

OCTOBER 27, 2021

In the first quarter of 2018, only 15% of prospective buyers were looking for a newly built home. The onset of COVID-19 propelled that share up to 42% by the final quarter of 2020, but strong gains in new home prices have driven it down for the last three quarters, reaching 32% in the third quarter of 2021. Meanwhile, the.

Construction 167

Construction Buyers 167

Eyes on Housing

JANUARY 25, 2022

Only 15% of buyers were looking for a newly-built home at the start of 2018, but that share shot up to 42% by the final quarter of 2020 (after the start of the pandemic). Since then, however, interest for new construction has fallen steadily, as costs for building materials – especially lumber – have experienced double-digit growth.

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Construction Buyers 204

Housing Wire

AUGUST 3, 2022

We saw this in 2013-2014 and 2018-2019. In 2018, sales trends fell from 5.72 They have to move as well, so a traditional seller is a buyer most of the time when it’s a primary resident owner. Higher rates and sales data. We can see that when rates rise, sales trends are traditionally lower. million to 5.12

Mortgage 514

Mortgage Inventory Sellers Housing Market 514

Housing Wire

DECEMBER 28, 2021

In November 2018, the deadliest fire in the history of California nearly destroyed Paradise, a 144-year-old town that sits in the Sierra Foothills above the northeastern Sacramento Valley. . But prospective home buyers are still facing a competitive market. Local agents are slowly seeing new construction listings pop up.

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Insurance Realty Agents Construction 397

Housing Wire

FEBRUARY 8, 2024

Both buyers and sellers value the combined benefits of his individual talents along with membership in one of the most respected real estate firms in New York City. With extensive experience in new construction home sales, Janet is certified in luxury home sales and specializes in relocation and new construction builder sales.

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Real Estate Agent Real Estate Agents Clients 435

Housing Wire

NOVEMBER 10, 2022

The best way to deal with housing inflation is more supply, and we have a lot of two-unit construction in the pipeline. The bleeding needs to stop and what we have seen in the data is that buyers did come into the housing market when rates got back down toward 5%. Traditionally, mortgage rates below 4% boost housing demand.

Mortgage 537

Mortgage Supply Chain Housing Market Marketing 537

Housing Wire

MAY 3, 2023

Year-over-year growth is now below the average rate from 2018 to 2019 (2.8%), and it is likely to decline even further in the months ahead,” the Apartment List report states. Despite the challenges in the SFR market, ATTOM projects that the average gross yield on a three-bedroom SFR property will “grow from 6.7% in 2022 to 7.5% this year.” “The

Marketing 448

Marketing Real Estate Landlords Housing Market 448

Housing Wire

DECEMBER 20, 2021

As you can see below, the uptrend has been intact even with the slowdown in 2018 and the brief pause from COVID-19. The last time this sector saw some stress from mortgage rates was in 2018 when rates were at 5%. The new home sales sector gets impacted by rates much more than the existing home sales marketplace. More on that here.

Housing Market 544

Housing Market Inventory Mortgage Marketing 544

Portland Appraisal Blog

DECEMBER 24, 2024

The main reason for this decline is due to a couple of large high-rise condominium buildings being completed in 2016 and 2018. (We’ll Unsurprisingly, condo units have been steadily spending more time on the market before finding a buyer: Units have been averaging 3-4 months on the open market before finally selling.

Marketing 88

Marketing Advertising Appraisal Inventory 88

Housing Wire

AUGUST 24, 2024

and even better, target both buyers and sellers with boosted posts and paid ads. 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. This tells your audience where you will go to work with buyers and sellers.

Real Estate Agent 459

Real Estate Agent Real Estate Agents Advertising 459

Miller Samuel

MARCH 19, 2019

A large swath of high-end condo market activity of the past five years are non-primary residences which include pieds-a-terres but most are investor purchases that are subsequently rented after the unit closes when construction was completed. Why would renters of high-end apartments be any different than all renters?

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Real Estate Law Development Investors 370

Housing Wire

SEPTEMBER 19, 2023

Without succession plans in place or heirs to take over, and no readily available buyers , they find themselves having to figure out a game plan. The FAQ should be constructed by actual agents who have gone through it. Some nearly went out of business when the program shut down with no warning in 2018.

Real Estate 435

Real Estate Brokerage Agents Valuation 435

Housing Wire

DECEMBER 29, 2022

A few months ago, I was asked to go on CNBC and talk about why I call this a housing recession and why this year reminds me a lot of 2018, but much worse on the four items above. Key thing to remember: A traditional seller is also usually a buyer. With less transaction volume , general incomes in the housing sector are falling.

Housing Market 546

Housing Market Marketing Inventory Sellers 546

Housing Wire

DECEMBER 16, 2021

While the market has struggled with a lack of inventory in 2021 and builders have reported ongoing supply chain challenges, there are more than 700,000 homes under construction right now, and a growing inventory of new homes for sale. The inventory of existing homes remains quite tight at less than 2.5 The encouraging news?

Marketing 482

Marketing Mortgage Supply Chain Inventory 482

Lamacchia Realty

NOVEMBER 11, 2024

She began her real estate career in April 2016 while raising two young daughters and has since become a top-producing agent with expertise in investor-driven multifamily sales, flips, and construction. Maria holds a Bachelor’s degree in Business Administration and is now expanding her focus to new construction and the luxury market.

Realtors 69

Realtors Realty Real Estate Clients 69

Empire Appraisal Group

JUNE 20, 2024

This surge, saw Miami’s average home price soar from around $290,000 in 2018 to the current median of $583,000. In Tampa, homes went from $213,500 in 2018 to $430,000. million new residential construction projects broke ground across the state — a 9.3% In November, the U.S. Census Bureau reported that for the year, more than 1.5

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Home Value Construction Buyers Housing Market 78

The Robert Weiler Company

JANUARY 27, 2023

In the 2018 film Ready Player One , Columbus, Ohio, was depicted as the fastest-growing city on Earth in 2045. Billed as the most significant private-sector investment in Ohio history, the project’s first phase will create 3,000 Intel and 7,000 construction jobs.

Real Estate 148

Real Estate Supply Chain Construction Development 148