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DataDigest: What the latest data says about home prices, construction and sales

Housing Wire

Census Bureau and the Department of Housing and Urban Development. The region was responsible for almost 65% of the adjusted rate of home sales, up about 10 percentage points from the same month in 2018. The rate of homes under construction has roughly plateaued since April 2022. The figure – up 17.7%

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D.C., Chicago are top YIMBY cities for housing development

Housing Wire

metro areas that are embracing new development and “creating a more diverse and plentiful supply of homes.“ Pacaso said that these shortages have been exacerbated by various types of “municipal zoning and building ordinances [that] have historically restricted new housing construction.“ Other estimates are much higher. Washington, D.C.,

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It’s unclear whether ADUs bring down housing costs: John Burns

Housing Wire

Construction of accessory dwelling units (ADUs) is taking off, but is it bringing down housing costs? A new report from John Burns Real Estate Consulting casts doubt on it, citing uneven geographic distribution of deregulations and the high cost of construction. As a result, the most impactful ADUs are in new construction.

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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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Proprietary Capital completes acquisition of AFR, hires new COO

Housing Wire

Pieklo spent 14 years at the lender before leaving in 2018. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. It also has a niche in construction and manufactured home loan programs. He was previously at UMortgage , holding the role of vice president of revenue.

Lending 457
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Compass continues M&A spree with addition of Austin team

Housing Wire

billion in sales since 2018. The team has a particularly large footprint in sales of new developments, having sold 1,500 newly constructed condominiums. They exclusively represent developments such as Natiivo Austin, Vesper, Parkside at Mueller, HOM, Axiom, Eastgate and Cascade.

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Compass strikes again with leadership changes in the Southeast

Housing Wire

The brokerage has hired industry veteran Nikol Solares as senior managing director of new development marketing. ” Nikol Solares Solares brings 20 years of experience in luxury development, new construction sales and marketing to her new role. Adam Vellano was promoted to managing director of the South Florida market.

Brokerage 370