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

Mortgage 533

Mortgage Construction Inventory Buyers 533

Housing Wire

MARCH 25, 2021

Many economists speculate rising rates will be the key to quelling construction woes, even if it does eventually take a slight toll on demand. That’s a full 5% drop. Even a slight quarter turn in rates will cause many borrowers to wait out the market. As they do, home builders can seize the opportunity to catch up. month-over-month.

Mortgage 539

Mortgage Construction Realtors Inventory 539

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. Similarly, in 2018 and 2019, mortgage rates rose to 4.75 In 2018, when monthly supply spiked to over 6.5

Inventory 543

Inventory Construction Government Housing Market 543

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%. This is a huge positive for the U.S.

Mortgage 477

Mortgage Construction Contracts Housing Market 477

Housing Wire

AUGUST 18, 2020

The Census report on new construction showed a whopping 22.6% Back in 2018, when builder confidence took a dive, new homes sales were falling and the monthly supply spiked. Rising monthly supply led many housing bears to predict that 2018 was the peak for housing and home prices would next likely crash.

Housing Market 544

Housing Market Marketing Construction Inventory 544

Housing Wire

NOVEMBER 25, 2020

The 30% of purchases going to out-of-state buyers in Allen County so far in 2020 is up from 21% in 2019 and 11% in 2018. Auction.com data shows that 75 percent of all REO properties in Comanche County that sold via online REO auction so far in 2020 went to out-of-state buyers — up from 45 percent in 2019 and 29 percent in 2018.

Real Estate 545

Real Estate Investors Marketing Buyers 545

Housing Wire

MARCH 10, 2023

In the Seattle area, there was a 250% ADU construction increase in 2022 compared to 2019. In Seattle, a report designed for City Council outlines that during 2022, permitted ADU construction increased to 988 total units — a sharp rise from the 280 ADU construction permits issued in 2019.

Construction 367

Construction Design Government Business 367

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.

Inventory 500

Inventory Housing Market Construction Marketing 500

Housing Wire

FEBRUARY 24, 2022

It gives an idea of what to expect for housing construction. months and above, the builders will pull back on construction. The builders will pull back on construction growth if new homes sales start to head lower. A good example was 2018. From Census: The seasonally?adjusted This represents a supply of 6.1

Construction 407

Construction Housing Market Marketing Mortgage 407

Housing Wire

AUGUST 19, 2021

In 2018, Kristin Smith was tasked with starting the first-ever Utah Professional Women in Building group. Now, in 2021, the large, female-only company designed and constructed a home that was showcased in the 2021 Utah Valley Parade of Homes — and sold to benefit several good causes. Utah Professional Women in Building group.

Construction 353

Construction Design Real Estate 353

Housing Wire

SEPTEMBER 18, 2023

Meanwhile, builders are faced with shortages of construction workers, buildable lots and distribution transformers, she added. With the lack of existing-home inventory, the new construction buyer mix also shifted. Insurance cost and availability are also growing concerns for the housing sector. In August, shelter inflation posted a 7.3%

Construction 463

Construction Buyers Housing Market Insurance 463

Miller Samuel

DECEMBER 18, 2018

As always, I had a wonderful conversion with Vonnie Quinn, anchor of Bloomberg TV's Markets today. It was a long interview where we discussed national and NYC metric trends. The following portion covered the Amazon HQ2 story in Long Island City, NY.

Marketing 221

Marketing Architecture Development Landlords 221

Housing Wire

FEBRUARY 12, 2024

Pieklo spent 14 years at the lender before leaving in 2018. It also has a niche in construction and manufactured home loan programs. Corey Dubnoff, who founded AFR in 1997, will remain as chief administrative officer, and Tim Yanoti will stay on as chief financial officer.

Lending 358

Lending Renovations Construction Finance 358

Housing Wire

MAY 24, 2024

Thompson, recognized as a HousingWire Rising Star in 2018 , will oversee more than 60 loan officers across Texas , Oklahoma and New Mexico. The lender also provides rate-and-term and cash-out refinancing, along with construction and renovation loans.

Mortgage 360

Mortgage Renovations Loan Officers Retail 360

Housing Wire

NOVEMBER 25, 2020

Only then would we see enough demand from the new home sales market to warrant that much construction. months, then the market has issues, and builders will likely stall on construction. This happened in 2018 when mortgage rates reached 4.75% to 5%. I said that housing starts would never start a year at 1.5

Housing Market 538

Housing Market Inventory Construction Marketing 538

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

NOVEMBER 24, 2021

months and above, the builders will pull back on construction. However, we are not that far from me raising a red flag on the new home sector as I did in 2018. This is also why I still will never believe in a construction boom premise here in America. When supply is 6.5 Currently, the headline number is at 6.3

Construction 473

Construction Marketing Housing Market Mortgage 473

Housing Wire

DECEMBER 3, 2020

In 2018, Forbes ranked the city No. New construction continues to take more and more of our market,” Dopp said. New construction used to be maybe 15-20% of the market, trending toward 40% of the market now. Boise, Idaho was the No. 1 on its list of America’s Fastest Growing Cities. Next year, it’ll probably be close to 50%.”.

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.

Supply Chain 510

Supply Chain Housing Market Construction Inventory 510

Housing Wire

APRIL 19, 2022

Census Bureau released their report for March, showing a solid number of housing permits and starts — but these were boosted by multifamily construction. I realize how builders react to higher mortgage rates, taking a more cautionary tone toward the single-family construction data. On Tuesday, the U.S. From Census: Privately?owned

Mortgage 421

Mortgage Housing Market Construction Marketing 421

Housing Wire

DECEMBER 22, 2020

Funds will also support the construction of “Hope Centers” in Central America, which provide health, counseling and Christian faith-based services in developing countries. In 2018, the direct lender laid off nearly 200 employees amid a drop in business. Movement Mortgage built its first charter school in 2017.

Investing 418

Investing Mortgage Development Retail 418

Housing Wire

OCTOBER 15, 2021

Despite new single-family home construction being in high demand, supply has been hindered by the low availability of materials and skilled labor. Also, the central bank may hike the federal funds rate by 25 basis points in the fourth quarter of 2022, for the first time since December 2018. increase in 2021, which is 1.8%

Mortgage 508

Mortgage Inventory Construction Marketing 508

Housing Wire

MARCH 23, 2022

As you can see below, the new home sales market from 2018-2022 doesn’t look like the housing market we had from 2002-2005. months and above, the builders will pull back on construction. Then in 2018, when mortgage rates got to 5%, we saw a supply spike in the monthly home sales data and their stocks were down over 30%.

Mortgage 462

Mortgage Inventory Housing Market Construction 462

Housing Wire

NOVEMBER 4, 2022

As you can see, the construction sector was barely positive; this is one area of the marketplace that should be losing jobs next year. The builders are now holding onto their labor due to the backlog of homes under construction. The inflation growth rate falls, and the Fed stops hiking rates and reverses course, as it did in 2018.

Marketing 490

Marketing Construction Mortgage Housing Market 490

Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. But the company was out of business by 2018. There is something endearing in the 3-D printed wall’s construction. Khater wrote.

Construction 410

Construction Supply Chain Investors Business 410

Housing Wire

DECEMBER 23, 2020

However, construction should continue at a slow and steady pace. months and above, builders tend to halt construction. We saw this happen when inventory rose in 2018 and 2020. When monthly supply is 4.4 months, builders become cautious about oversupplying a market. When monthly supply gets to 6.5

Inventory 531

Inventory Construction Housing Market Design 531

Housing Wire

AUGUST 16, 2024

billion in sales since 2018. The team has a particularly large footprint in sales of new developments, having sold 1,500 newly constructed condominiums. A new acquisition will get it closer to that goal in Austin. The eight-person Prospect Real Estate Team is taking its talents to Compass, adding a group that’s produced $1.21

Real Estate 364

Real Estate Clients Brokerage Development 364

Housing Wire

NOVEMBER 3, 2023

million, falling somewhere between their March 2022 high (12 million) and their relative pre-pandemic November 2018 high (7.6 In October, construction employment continued to trend up, adding 23,000 more jobs, aligning with the average monthly gain of 18,000 over the prior 12 months. Job openings also kept steady in September at 9.6

Marketing 350

Marketing Construction Housing Market Government 350

Housing Wire

DECEMBER 2, 2020

Virgin Islands have a higher limit ceiling than the rest of the country to account for the higher costs of construction. Back in 2016, the FHA increased loan limits for just 188 counties ; in 2017, this number jumped to 2,948 counties ; then to 3,011 counties for 2018. In those areas, the 2020 FHA loan limit is $1,233,550.

Law 534

Law Housing Market Insurance Construction 534

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.

Finance 390

Finance Real Property Design Lending 390

Housing Wire

JUNE 24, 2022

In 2018, Kristin Smith was tasked with starting the first-ever Utah Professional Women in Building group. PWB has also been a convener to talk about issues and challenges of the day, such as the labor shortage, and share resources that encourage construction training opportunities and leadership paths for women in the industry.

Construction 370

Construction Development Training Business 370

Housing Wire

JUNE 27, 2023

As we can see in the chart below, new home sales aren’t booming like what we saw at the peak of 2005 but are getting back to trend sales growth from the bottom we saw when rates got 5% in 2018. months and above, the builders will pull back on construction The current data has seen significant improvement, as the chart below shows.

Construction 494

Construction Inventory Marketing Buyers 494

Miller Samuel

DECEMBER 5, 2018

I was invited by Julie Hyman at Yahoo Finance TV for a discussion on the weakening luxury housing market and some other topics of interest. I've known her for years, after a long run at Bloomberg TV, and am excited about her new opportunity at Yahoo.

Finance 221

Finance Real Estate Development Housing Market 221

Housing Wire

JUNE 24, 2022

Five months of the supply are homes in construction. That is a high level, and two months of the supply hasn’t started construction yet, and a whopping 0.68 The builders will pull back on construction when the supply is 6.5 We don’t say the new home sales market supply is the existing home sales market. When supply is 4.4

Inventory 466

Inventory Construction Marketing Mortgage 466

Housing Wire

JANUARY 19, 2023

million until 2020-2024, when demand would finally warrant that type of construction. Then in 2018, we had a monthly supply spike in the new home sales market, which kept the builders from wanting to produce more housing units for 30 months. There are 943,000 apartments currently under construction. When supply is 4.3

Mortgage 464

Mortgage Construction Marketing Housing Market 464

Housing Wire

NOVEMBER 23, 2022

We are, for now, bouncing off the bottom that we had back in 2018, which was historically low as well. The builders will pull back on construction when the supply is 6.5 We are still in housing recession land as the builders still have a lot of new construction homes and haven’t started yet to build. When supply is 4.3

Construction 460

Construction Marketing Housing Market Mortgage 460

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%. When supply is 4.4

Construction 369

Construction Housing Market Sellers Real Estate 369