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.

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Housing Wire

AUGUST 16, 2023

In certain parts of the Phoenix AMA that do not have a designated water provider, builders and developers need a certificate of AWS to obtain a building permit. Kamps added that he anticipates the prices of the 80,000 lots that already have AWS will also increase if developers chose to sell them, since there currently is a finite supply.

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Housing Wire

JANUARY 19, 2024

For agents, staying informed about these developments is essential for strategic decision-making and client guidance in the coming year and beyond. This development is crucial for agents, as it brings not just relief to tenants nationwide but also might create more movement as renters are looking for better deals.

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Housing Wire

FEBRUARY 5, 2024

Department of Housing and Urban Development. 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. Census Bureau and the U.S.

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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. Census Bureau and the Department of Housing and Urban Development. million until we reached the years 2020-2024.

Housing Market 538

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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. A large portion of the new development on the market has been purchased by homebuyers. Overall construction has slowed. a year ago.

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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

DECEMBER 22, 2020

Retail lender Movement Mortgage has invested $200 million to expand its nonprofit Movement Foundation , and to accelerate the development of its growing charter school network. The investment will also aide in the development of adjacent affordable housing and health clinics in Central America, the company said in a statement this week.

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Housing Wire

MAY 12, 2021

While mortgage rates are at an all-time low, people looking to buy their first home — particularly millennials, who accounted for half of all new home loans in 2019 — have a limited and aging stock of houses to choose from. Construction has traditionally been slow to pick up new technology compared to other industries.

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Construction Logistics Technology Real Estate 482

Housing Wire

SEPTEMBER 22, 2020

compared to 2019 levels. The context for this number is that from 2008-2019 my belief was that we would have the weakest housing recovery ever, but in the years 2020-2024, our demographics for housing became vastly improved. I have said for many years that we wouldn’t see total housing construction start a year at 1.5

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Housing Market Marketing Construction Buyers 543

Housing Wire

MAY 23, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). While the national inventory of single-family homes is down more than 50% compared to the level in early May 2019, the inventory of new homes for sale at the end of April (433,000 homes) is up 30% compared to the end of April 2019.

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Housing Wire

AUGUST 4, 2023

But some of those local officials are now expressing concern that the provisions of the new law are restricting their ability to more actively participate in development decisions within their communities, according to reporting by WUSF Public Media. “I think the hesitancy comes with the fact that it’s a preemption.

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Law Legal Development Construction 369

Housing Wire

DECEMBER 23, 2020

Census Bureau and the Department of Housing and Urban Development. This is 11% (±9.5%) below the revised October rate of 945,000, but is 20.8% (±19.5%) above the November 2019 estimate of 696,000.” However, construction should continue at a slow and steady pace. months and above, builders tend to halt construction.

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Inventory Construction Housing Market Design 531

Housing Wire

APRIL 12, 2022

To help the lowest-income families, who increasingly can’t find affordable housing in today’s market, federal, state, and local governments devote considerable resources to subsidize the development of affordable housing with below market rents. This creates a disjointed system where policies overlap and can be redundant.

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Development Finance Legal Fees Construction 418

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

NOVEMBER 24, 2021

months and above, the builders will pull back on construction. Census Bureau and the Department of Housing and Urban Development. This is also why I still will never believe in a construction boom premise here in America. When supply is 4.4 months, this is an OK market for the builders. When supply is 6.5 percent (±21.1

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Construction Marketing Housing Market Mortgage 511

Housing Wire

MAY 16, 2023

New home construction is taking on an increased role in the marketplace because many home owners with loans well below current mortgage rates are electing to stay put, and this is keeping the supply of existing homes at a very low level ,” Alicia Huey, the NAHB chair, said in a statement. That share from 2000-2019 was a 12.7%

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Construction Inventory Buyers Real Estate 459

Housing Wire

MAY 25, 2021

Census Bureau and the Department of Housing and Urban Development. In order to account for uncertain prices and availability of materials, homebuilders are holding off on making homes available until they are further along in the construction process. lower than the revised March rate, according to a joint analysis from the U.S.

Construction 448

Construction Technology Development Marketing 448

Housing Wire

MAY 3, 2024

While this is up from a record low of 7,336 listings set in late April 2022, it is still well below the 29,951 listings in early May 2019, about a year prior to the onset of the COVID-19 pandemic. We have so much new construction happening. It didn’t go anywhere last year, but we are going to continue to try,” Bushnell said. “We

Inventory 433

Inventory Housing Market Marketing Real Estate 433

Housing Wire

JUNE 16, 2021

. “We now view stronger and persistent inflation as the principle risk to our forecast, though uncertainties over consumer behaviors related to reopening and COVID-19 developments remain,” Fannie Mae’s ESR Group said. inflation hiked itself from 1.68% in February all the way up above 5% by June. to an annualized pace of 5.85

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Housing Market Development New Listings Marketing 508

Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. Census Bureau and the Department of Housing and Urban Development. months and above, the builders will pull back on construction. First, total home sales should be 6.2

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Mortgage Inventory Housing Market Construction 505

Housing Wire

MAY 8, 2023

In 2019 the number was 200,000. When including the approximately 900,000 single family homes constructed by new homebuilders during the year, according to data from the Census and U.S. Department of Housing and Urban Development ( HUD ) , that 200,000 represented close to 20% of all single-family homes supplied to the market in 2019.

Inventory 435

Inventory Renovations Supply Chain Buyers 435

Housing Wire

FEBRUARY 24, 2023

Census Bureau and the Department of Housing and Urban Development. months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6 The builders will pull back on construction when the supply is 6.5 percent (±20.4 percent)* above the revised December rate of 625,000, but is 19.4

Inventory 501

Inventory Construction Housing Market Mortgage 501

Housing Wire

JANUARY 26, 2022

months and above, the builders will pull back on construction. It is an embarrassment, but construction productivity — which has been terrible for decades — is now also dealing with shortages that delay finishing homes. Census Bureau and the Department of Housing and Urban Development. When supply is 4.4 When supply is 6.5

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Construction Marketing Mortgage Investors 476

Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. This has driven meaningful share gains for new construction,” she added, “with the percentage of new-home listings more than doubling from long-term norms to over 30% of the market.” Taken by Felix Mizioznikov. We need to build above 1.1

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Construction Development Finance Mortgage 370

Housing Wire

NOVEMBER 23, 2022

Department of Housing and Urban Development (HUD) and the U.S. The increase in new-home prices reflects a shift in the mix of homes being sold, with fewer homes sold at lower prices points, thus the median price escalated, as well as higher construction costs are being passed on to the consumer,” Kushi said. Census Bureau.

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Housing Market Construction Inventory Development 397

Housing Wire

MARCH 23, 2022

Department of Housing and Urban Development and the U.S. Though February’s new sales were below recent highs, builders are still selling homes at a higher seasonally adjusted rate than they did at any point between 2008 and 2019,” Zillow economist data analyst Dan Handy said in a statement. . After dropping 4.5% in February.

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Supply Chain Housing Market Buyers Construction 397

Housing Wire

MAY 31, 2023

In the fourth quarter of 2019, the median renter could afford 69% of the homes for sale in Salt Lake City. According to data from Altos Research , the median home price listed in Salt Lake City last week climbed to $785,000, up from about $540,000 in the fourth quarter of 2019. Now, the median renter can only afford 4% of homes.”

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Insurance Clients Marketing Housing Market 397

Housing Wire

JUNE 22, 2021

One positive development was the 7% increase in for-sale inventory, which should slightly help price conditions,” said Joel Kan, associate vice president of economic and industry forecasting for the Mortgage Bankers Association. Approximately 89% of the homes sold in May 2021 were on the market for less than a month.

Inventory 448

Inventory Buyers Realtors Housing Market 448

Miller Samuel

MARCH 19, 2019

An earlier version of this post appeared in my weekly Housing Notes, March 15, 2019 edition. The New York state political zeitgeist was recently and suddenly tilted against luxury development in New York City. To keep developing despite all this new capital, developers had to build what land prices required, high-end real estate.

Real Estate 370

Real Estate Law Development Investors 370

Appraisal Buzz

DECEMBER 16, 2024

In addition to navigating uncertainty around present and future economic development, financial markets are attempting to ascertain the final neutral rate for the fed funds rate. Significant tariffs or a noticeable slowdown in immigration, however, indicate both an upside risk to inflation measures and a downward risk to economic development.

Inventory 240

Inventory Construction Housing Market Mortgage 240

Simonson Real Estate

AUGUST 24, 2020

It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. The larger national bank lenders confirmed they are still active in new construction lending and were able to successfully close several pre-construction loans that were in process when COVID-19 started.

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Appraisal Buzz

JUNE 14, 2024

As a surge in new multifamily rental units has slowed down rent growth, single-family construction is starting to lift for-sale inventories. Herbert serves as Managing Director of the Joint Center for Housing Studies of Harvard University, and has experience conducting research related to housing policy and urban development, both in the U.S.

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Appraisal Buzz

JULY 5, 2021

And with rapidly developing communities, paying closer attention than ever before could play a role in more timely and accurate appraisals. Specifically, construction labor is in short supply. You Often Need to Take Things as They Are. One unfortunate hallmark of the post-COVID world is the worker shortage going on right now.

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Appraisal Real Estate Construction Appraisal Process 370

Appraisal Buzz

JUNE 11, 2024

Department of Housing & Urban Development (HUD) and U.S. The number of entry-level homes represent less than 10% of all newly constructed homes, compared to about 35% in the 1970s. Keeping stock of manufactured home supply According to 2021 American Housing Survey (AHS) , compiled by the U.S. million own the unit only, and 1.3

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Finance Real Property Design Lending 390

Housing Wire

DECEMBER 23, 2021

months and above, the builders will pull back on construction. Census Bureau and the Department of Housing and Urban Development. When supply is 4.4 months, this is an OK market for the builders. They will build as long as new home sales are growing. When supply is 6.5 From Census: For Sale Inventory and Months’ Supply: The seasonally?adjusted

Inventory 493

Inventory Marketing Construction Mortgage 493

Appraisal Buzz

OCTOBER 18, 2024

2023 FHLBank Targeted Mission Activities Report” also measures the growth in FHLBank membership and advances among non-depository Community Development Financial Institutions (CDFI) , as well as the FHLBanks’ progress in meeting the affordable housing goals for mortgage purchases under the Acquired Member Assets (AMA) program. Thompson. “I

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