Housing Wire

OCTOBER 21, 2024

Since 2019, the state of Florida has built more than 77,000 new properties in areas with a high risk of flooding. The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. million built in total in that period, the First Street analysis found.”

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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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Construction Inventory Mortgage Technology 545

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

Appraisal Buzz

DECEMBER 5, 2024

As native-born household formation increased leading up to the pandemic, the share of growth from foreign-born households decreased to 23% between 2015 and 2019. While immigrants add to housing demand, they also play a crucial role in expanding housing supply due to their significant presence in the construction industry. As the U.S.

Construction 418

Construction Housing Market Marketing Buyers 418

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

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.

Investors 493

Investors Construction Real Estate Inventory 493

Appraisal Buzz

DECEMBER 2, 2024

New multifamily construction projects started in the last two years have hit the market in 2024, with a greater supply of units helping to soften rents and bring renters some relief,” said Danielle Hale, Chief Economist at Realtor.com. higher than in the fall of 2019, before the pandemic. The median rent for studios fell -1.2%

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Advertising Construction Marketing Appraisal 365

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.

Housing Market 545

Housing Market Marketing Inventory Construction 545

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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Construction Business 214

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

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.

Construction 207

Construction Housing Market Marketing 207

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.

Construction 370

Construction Agents Real Estate Agent Development 370

Appraisal Buzz

NOVEMBER 1, 2024

According to a new Redfin research, in Q3 of this year, an estimated 28% of single-family homes for sale nationwide were newly constructed, the lowest percentage in three years. Census reports that in September 2024, sales of newly constructed single-family houses increased 6.3% Overall construction has slowed. a year ago.

Construction 370

Construction Inventory Real Estate Agent Agents 370

Housing Wire

NOVEMBER 25, 2020

I have been consistent in my stance that during the years 2008 to 2019, we had the weakest housing recovery ever. 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. If inventory breaks over 6.5

Housing Market 538

Housing Market Inventory Construction Marketing 538

Appraisal Buzz

DECEMBER 10, 2024

Inventory on the Rise While the nations housing inventory remains a challenge, a recovery is underway, with the number of homes for sale in November notching the highest mark since December 2019. Compared with the typical November from 2017 to 2019 before COVID-19, the South saw the smallest gap in inventory, down just 1.4%

Housing Market 415

Housing Market Marketing Inventory Government 415

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

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.

Construction 370

Construction Finance Buyers Housing Market 370

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 370

Construction Design Government Business 370

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

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

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 453

Construction Marketing Housing Market Finance 453

Housing Wire

FEBRUARY 5, 2024

single-family homes for sale were new construction, similar to the percentage from a year earlier and good for the highest level of any fourth quarter on record. In 2011, only 13% of homebuilders worried about the cost of labor, versus 87% in 2019. An estimated 668,000 new homes were sold in 2023, 4.2% Census Bureau and the U.S.

Construction 468

Construction Housing Market Buyers Sellers 468

Housing Wire

JANUARY 19, 2022

You always want to be skeptical of any housing starts data that comes in too strong or too negative from the trend, and we had some specific factors in this report that boosted multifamily construction. However, with that said, the low bar this data line had enjoyed from 2008-to 2019 is gone and we do need to earn growth in this sector.

Construction 496

Construction Housing Market Inventory Marketing 496

Eyes on Housing

MARCH 29, 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 remained steady at 381,000 unfilled positions in February. The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019.

Construction 193

Construction Housing Market Marketing 193

Eyes on Housing

AUGUST 3, 2021

The latest labor force statistics from the 2019 American Community Survey show that more young people are entering the construction trades. in the construction industry in 2019, compared to only 9.7% Consequently, the median age of construction workforce is 41 in 2019, a year younger than in.

Construction 183

Construction 183

Housing Wire

MARCH 8, 2023

This resulted in the gap between single family home construction and household formation growing to 6.5 With just 10% of homes sold in Q4 2022 selling for under $300,000 compared to 41% in Q4 2019, affordability is a growing concern. During that same time period, just 13.1 million housing units were started , and 11.9

Housing Market 459

Housing Market Marketing Inventory Construction 459

Housing Wire

MAY 16, 2024

A key conclusion is that while new construction creates additional supply for first-time and move-up buyers alike, it comes with an additional expense. While many metro areas currently offer an advantage where you can purchase a new construction home for a similar price or even less than the average area home, there is still a 23.8%

Construction 468

Construction Law Finance Realtors 468

Housing Wire

JULY 31, 2024

At first glance, these concerns seem reasonable: home prices have increased by more than 50% since the end of 2019. The median home in 2019—priced at $212,000 and financed with a 30 year mortgage for 3.75%—would carry a monthly cost of under $900. We’ve recently lived through an unusually rapid run-up in home prices.

Finance 493

Finance Construction Mortgage Investing 493

Eyes on Housing

MARCH 30, 2023

million) of workers employed in construction are self-employed. This is a whole percentage point higher than the share of self employed in construction in 2019, before the pandemic rattled the labor market. According to the 2021 American Community Survey (ACS), 23% (or close to 2.5

Construction 179

Construction Marketing 179

Housing Wire

OCTOBER 20, 2020

above the September 2019 rate of 1.274 million, the Bureau said. above the September 2019 rate of 1.437 million. Census Bureau shows, despite an overall rate that was dragged down by a decline in multifamily starts. Privately owned housing starts in September rose to an annual rate of 1.415 million, 1.9% “While starts were up 10.4%

Construction 505

Construction New Listings Housing Market Inventory 505

Eyes on Housing

JUNE 7, 2021

Ending a period of volume decline that began at the end of 2019, the volume of residential construction lending posted an increase during the first quarter of 2021. Nonetheless, overall residential construction loan volume ended the year lower due to accelerated sales growth, which reduced outstand loans at a faster rate.

Construction 185

Construction Lending 185

Eyes on Housing

JUNE 17, 2021

Prices paid for goods used in residential construction ex-energy rose 3.6% inputs to residential construction less food and energy) prices have declined just twice since December 2019. inputs to residential construction less food and energy) prices have declined just twice since December 2019. Read More ›

Construction 195

Construction 195

Housing Wire

DECEMBER 15, 2020

November new home sales activity, both mortgage applications and home sales, ran at a pace considerably ahead of 2019, showing the ongoing strong growth in housing demand and new residential construction,” Kan said. Signs of a slowdown in the economic recovery likely contributed to the expected monthly decrease in activity.”.

Construction 493

Construction Mortgage 493