Housing Wire

NOVEMBER 18, 2020

Duncan noted the pace of new home sales over the past six months has accelerated more quickly than the construction pace, suggesting homebuilders will have to play catch up relative to sales going forward. The post Increase in housing starts has construction playing catch-up appeared first on HousingWire. million, up 0.6%

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Housing Wire

MARCH 8, 2023

As the housing market cooled further during the fourth quarter of 2022, homebuilders also continued to pull back on single-family construction. It uses county-level data for single and multi-family permits to gauge housing construction growth in both urban and rural metros. in Q4 2019 to 11.8% in Q4 2019 to 11.8%

Construction 435

Construction Housing Market Marketing Buyers 435

Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S.

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Construction Housing Market Inventory Buyers 488

Housing Wire

SEPTEMBER 5, 2023

It uses county-level data for single and multi-family permits to gauge housing construction growth in both urban and rural metros. The latest HBGI data continue to show a changing geography for home construction,” Robert Dietz , the NAHB’s chief economist, said in a statement. at the end of 2019 to 12% earlier in 2023.

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Construction Marketing Development Mortgage 435

Housing Wire

NOVEMBER 22, 2024

What’s more, operating costs for apartment and SFR (single-family rental) operators are up significantly since 2019 due to higher property taxes, insurance, and payroll costs. of existing supply, with another 38,000 of apartment units under construction (12.2% Meaning that margins are being aggressively compressed.

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Marketing Housing Market Property Taxes Construction 370

Housing Wire

JANUARY 22, 2025

Right now, more multifamily units are hitting the market than at any time in the past 50 years, but detached homes arent seeing the same surge in construction , Zillow chief economist Skylar Olsen said in a statement. Weve also got the large millennial generation wanting to move into a larger space.

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Inventory Home Value Housing Market Buyers 448

Housing Wire

DECEMBER 20, 2024

The New Home Market Update from Zonda, a construction data provider, was released Friday. higher year over year and 17% above 2019 levels. But a new report from Zonda says that after the election, consumers have started to regain their confidence in home shopping. The election was over it was time to move on. from October 2024.

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Housing Wire

APRIL 10, 2025

Long-term growth Roughly 110,000 single-family rental homes are currently under construction or in the planning stages nationwide, according to Point2Homes. From 2019 to 2024, the national BTR inventory more than doubled rising from 107,000 units to 217,161, according to the report. Phoenix closely followed with 12,702 new homes.

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Housing Wire

FEBRUARY 28, 2024

Like many localities across the country, Marin County leaders describe a housing crisis in their area that they hope to alleviate through the construction of more ADUs. It is a notoriously expensive housing market and maintains an estimated population of more than 260,000 people, according to data from the 2020 U.S.

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Appraisal Buzz

AUGUST 9, 2024

is expected to set new records for apartment construction. Notably, by the end of December, the combined metro areas of Dallas and Austin are predicted to welcome about 10% of all newly constructed apartments countrywide. On the other hand, some markets are seeing a slowdown in new construction starts due to the economic environment.”

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Appraisal Buzz

JANUARY 22, 2025

Right now, more multifamily units are hitting the market than at any time in the past 50 years, but detached homes arent seeing the same surge in construction, saidSkylar Olsen, Chief Economist at Zillow. in December 2019. For-sale inventory continues to recover, but is still 25% below pre-pandemic norms. annually, down from 5.2%

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Inventory Home Value Tenants Property Management 370

Appraisal Buzz

JANUARY 6, 2025

from 2023 and 86% from 2019. In the Lone Star State, housing construction has boomed in recent years, especially during the pandemic, when remote workers flocked to more affordable regions in the Sun Belt. Thats a record high, and is $33,000 more than the typical household makes in a year. metropolitan areas.

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Housing Wire

JANUARY 14, 2025

” Nikol Solares Solares brings 20 years of experience in luxury development, new construction sales and marketing to her new role. The Louisiana Tech University graduate was recognized as 2019 Education Volunteer of the Year by Florida Realtors , among other accolades.

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Brokerage Luxury Properties Development Realty 370

Appraisal Buzz

JANUARY 15, 2025

million since 2019 and by 7.8 The Road Ahead While a surge in multifamily construction has helped slow rent growth in some markets, this relief may be temporary. Cost Burdens Climb Across the Board In 2023, half of all renter households were cost-burdened, a rate that has remained steady since 2021 but marks a 3.2 million since 2001.

Construction 398

Construction Development Appraisal Marketing 398

Appraisal Buzz

OCTOBER 14, 2024

The largest percentage for any August since 2019 is found in nearly half (48%) of all listings that have been active for at least 60 days. The percentage of month-old listings rose for the sixth month in a row, and it was the highest percentage for any August since before the pandemic began in 2019. last month.

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Marketing HOA Buyers Contracts 370

Housing Wire

OCTOBER 26, 2020

This dramatically slowed the rate of growth in construction in 2019. We had to work off the excess housing supply created with those higher rates to get housing starts to be roughly flat for 2019. above the September 2019 estimate of 726,000. When this happens housing construction stalls. year to date.

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Housing Wire

MARCH 19, 2025

Data from the report indicates that home improvement and repair spending accelerated from $404 billion in 2019 to $611 billion in 2022. The industry also relies heavily on immigrants, which accounted for 34% of the construction trades labor force in 2023. It is expected to remain above $600 billion through 2025.

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Home Improvement Modernization Investing Insurance 334

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

Housing Wire

JUNE 7, 2021

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. The previous economic expansion from 2008 to 2019 was the weakest housing recovery ever. Because that period followed a housing boom and bust when inventory was overbuilt. Here is why.

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Housing Market Marketing Inventory Construction 545

Appraisal Buzz

JANUARY 27, 2025

The following are the main conclusions of the CFPBs report: Borrowers gave pay off other bills or debts as the most common reason for cash-out refinancing: More than half of cash-out borrowers who participated in the National Survey of Mortgage Originations between 2014 and 2019 chose paying off other bills or debts.

Construction 366

Construction Mortgage Finance Appraisal 366

Eyes on Housing

MAY 26, 2021

NAHB analysis of the most recent 2019 American Community Survey (ACS) data reveals that the median age of construction workers is 41, the same as a typical worker in the national labor force. While the residential construction has been adding jobs during the pandemic, access to skilled labor is still a business challenge in 2021.

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Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

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Construction Supply Chain Inventory Housing Market 476

Housing Wire

JANUARY 31, 2024

Nationally, multifamily construction has grown at a faster rate than single-family construction. Multifamily completions in December were 47% higher than the 2019 average, according to the latest data available from the U.S. Single-family completions, by contrast, were 17% higher than the 2019 average.

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Construction Inventory Property Management Housing Market 482

Eyes on Housing

MARCH 9, 2022

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs increased for the month to 380,000 unfilled positions in January. The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019.

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Construction Housing Market Marketing 207

Housing Wire

FEBRUARY 21, 2024

billion in sales is still 40% above 2019 levels. In the multifamily space, by contrast sales are down 65% from where they were in 2019. Similarly, construction has slowed but remains elevated. Even at the reduced pace of construction, that still means about 20% of all build-to-rent inventory is under construction today.

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Investors Construction Real Estate Inventory 493

Housing Wire

AUGUST 16, 2023

Under the new regulations, construction of new residential buildings can continue in areas that have a designated water provider since homebuilders and developers do not need an AWS certificate to obtain a building permit. Phoenix, said Vogel, was already dealing with low housing inventory and increasing affordability issues.

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Construction Agents Real Estate Agent Development 370

Housing Wire

OCTOBER 11, 2021

First and foremost, it is important to remember that more Americans are buying homes with mortgages in 2020 and 2021 than any single year from 2008-2019. From 2008 to 2019 we had the weakest housing recovery ever, following a bust. Don’t expect a buying or construction boom during this period.

Housing Market 535

Housing Market Marketing Construction Investors 535

Housing Wire

MARCH 27, 2024

Its listings in 2023 fell below its 2019 level, although the drop was less steep than that experienced outside of Florida and far less steep than other metros like San Diego. Competition heats up In 2019, Watson Realty Corp. DR Horton and Dream Finders both ranked in the top 10 in 2019, and Lennar made a top 10 appearance in 2020.

Brokerage 476

Brokerage Realty Real Estate Inventory 476

Housing Wire

JULY 26, 2023

An analysis of the Census Bureau ‘s Survey of Construction 2022 microdata showed that builders started building smaller, attached homes – with more stories and fewer bedrooms — than they had in previous years. Compared to pre-pandemic levels, single-family home starts in 2022 exceeded 2019’s starts by 14.3%. over that same span.

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Construction Finance Buyers Housing Market 370

Appraisal Buzz

JANUARY 28, 2025

higher than the pre-pandemic 2019 ($40,505) income. Rental affordability will continue improving this year, as wages grow and rents remain flat, thanks to the recent boom in apartment construction, said Sheharyar Bokhari, Senior Economist at Redfin. Renters predicted median income in 2024 was $54,752, which was 5.3%

Construction 353

Construction Appraisal Mortgage Marketing 353

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.

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Construction Design Government Business 370

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. month figure recorded in October 2019. Similarly, in 2018 and 2019, mortgage rates rose to 4.75

Inventory 545

Inventory Construction Government Housing Market 545

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% posted in 2019. Results show that 60.8%

Construction 190

Construction 190

Housing Wire

SEPTEMBER 21, 2022

Housing construction in the U.S. months of homes they have under construction or have not even started yet. Now that mortgage rates have spiked up so much, the housing construction growth we have seen in single-family construction is done. The builders will pull back on construction when the supply is 6.5

Construction 525

Construction Housing Market Marketing Business 525

Housing Wire

NOVEMBER 25, 2020

Green gave the example of a Fort Wayne, Indiana, property he purchased on Auction.com via a bank-owned (REO) auction in July 2019. 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. That was up from 20 percent in 2019 and 50 percent in 2018. per square foot.

Real Estate 545

Real Estate Investors Marketing Buyers 545

Housing Wire

AUGUST 18, 2020

The Census report on new construction showed a whopping 22.6% This is 22.6% (±14.7%) above the revised June estimate of 1,220,000 and is 23.4% (±12.4%) above the July 2019 rate of 1,212,000. We spent parts of 2019 whittling down the excess inventory. increase above the revised June estimate in housing starts in July.

Housing Market 546

Housing Market Marketing Construction Inventory 546

Housing Wire

AUGUST 2, 2024

The supply of new single-family homes is sinking, while accelerated multifamily construction is bringing more rental units online. in the first quarter of 2024, while the growth rate for homeowner households in Q2 2024 was at its slowest pace since 2019. Census Bureau data back to 1994. renter households grew 1.9%

Construction 456

Construction Marketing Housing Market Finance 456