Housing Wire

FEBRUARY 13, 2024

Although this is up from 9,962 active listings one year earlier, it is still below the 13,442 listings recorded in early February 2020, just prior to the onset of the COVID-19 pandemic. New construction is backed up,” she said. As of Feb. Inventory was the theme last year and it is shaping up to be the theme this year,” Ellison said.

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Housing Wire

SEPTEMBER 14, 2020

Hidden somewhere in rural Kansas and nestled 15 stories below the ground, the listing consists of condos constructed in a repurposed Atlas missile silo. The site’s developer, Larry Hall, purchased the silo in 2008, then remodeled it into the survival bunker it is now. This was just such a unique property.

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Housing Wire

NOVEMBER 5, 2021

For the second month in a row the construction sector added jobs, rising by 44,000 jobs in October. Unfortunately for the residential housing sector, most of these jobs were in nonresidential specialty trade contractors (19,000), and in heavy and civil engineering construction (12,000). Residential building is up 5.4%

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Housing Wire

JUNE 5, 2023

The town of Newton, Massachusetts is working to comply with a new state law that requires the construction of new multifamily housing units in areas served by public transit, according to reporting from the Boston Globe. Some apartments have been constructed in recent years, but the construction level has been low.

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Appraisal Buzz

DECEMBER 17, 2024

The percentage of newly constructed apartments that were rented out within three months of completion, or the absorption rate, was the second-lowest seasonally adjusted share since the middle of 2020. The post Newly Constructed Apartment Asking Rents Get Significant Bump first appeared on The MortgagePoint.

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Housing Wire

APRIL 2, 2021

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. Despite increased rate of tech adoption, the mortgage industry still has room for continued development and processes.

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Housing Wire

SEPTEMBER 21, 2021

homebuilders started construction on 1.615 million homes in August, up 3.9% Department of Housing and Urban Development. higher than the August 2020 rate. higher than the August 2020 rate. This increase comes as builders continue to face material shortages and a tight construction labor market. Additionally, 1.33

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Housing Wire

JANUARY 19, 2022

Department of Housing and Urban Development and the U.S. Construction of single-family homes dropped 2.3% from November to 1.172 million units, the construction of multifamily units again posted a sizable increase of 13.7% increase from 2020. above the 2020 figure. 2021 was a strong year for construction.”. “The

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Housing Wire

MAY 19, 2022

Skyrocketing mortgage rates and a slowdown in new home constructions led to a drop in home purchases in April. It was the slowest sales pace since May 2020. However, the pace of construction has slowed in recent months,” Kan added. Homebuilders constructed about 1.23 Department of Housing and Urban Development.

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Housing Wire

MAY 18, 2021

“Even with these challenges, there are roughly 640,000 new homes under construction right now, a helpful addition to low supply levels.”. Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction on new housing starts. above the April 2020 rate of 1.09

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Housing Wire

JULY 28, 2021

Department of Housing and Urban Development and the U.S. The June number follows downward revisions to the May estimate and marks the lowest rate since April 2020. While lumber prices have shown some improvement in spot markets, these declines take time to translate into lower construction costs. Census Bureau.

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Housing Wire

JULY 16, 2024

Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation. In conjunction with Biden’s proposal, the Bureau of Land Management (BLM) announced it will open a public comment period on the sale of 38 acres of public land in Nevada for the purpose of affordable housing construction.

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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. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. “I don’t expect a boom in housing construction.

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Housing Wire

AUGUST 26, 2024

The median home sales price in late July was $412,300, a slight decrease from the previous three months, yet still 28% above the second quarter of 2020, according to data by the Federal Reserve Bank of St. since the beginning of 2020. Currently, more than 44 million U.S. The single-family rental sector has jumped 37.5% In 2001,10.9

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Housing Wire

JANUARY 23, 2024

For Universal Studios employees, the owners of the park are seeking to construct a 1,000-unit mixed-use development slated to open in 2026 that would promise a short commute to the Universal Orlando Resort, which is also aiming to open a full-scale third theme park called “Epic Universe” next year.

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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

JUNE 17, 2021

“Since reaching a survey-high 927,000 units in October 2020, the annual pace of new home sales has now fallen around 20 percent, weighed down by low housing inventory and rising prices,” said Kan. That’s more than 50% above above the May 2020 rate — when the COVID-19 pandemic was at its height in the country — of 1.05

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Housing Wire

JANUARY 31, 2024

The city’s average rent price rose 30% from early 2020 to mid-2023 as high-earning tech workers moved in, but tens of thousands of multifamily units have since been completed, with tens of thousands more in the pipeline. Nationally, multifamily construction has grown at a faster rate than single-family construction.

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Housing Wire

NOVEMBER 25, 2020

million until we reached the years 2020-2024. 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. months, then the market has issues, and builders will likely stall on construction. year over year and 20.6%

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Housing Wire

MAY 13, 2021

“While still strong, this sales pace remains below the 877,000-sales pace seen in the second half of 2020.”. of homes sold in the fourth quarter of 2020 that were affordable to households earning the median income of $78,500. of loan applications, followed by just 15.8% of FHA loans, 10.3%

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Housing Wire

OCTOBER 19, 2022

Department of Housing and Urban Development. The new construction industry was not blind to the impacts this will have on housing demand. Builders are starting on construction on fewer single-family houses, but they’ve been breaking ground on more apartments and condominiums. Census Bureau and the U.S. in the West.

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Simonson Real Estate

AUGUST 24, 2020

On March 11, 2020, the World Health Organization announced COVID-19 as a global pandemic (this day also happens to be my birthday so good or bad, it’s an easy date for me to remember). On August 14, 2020, the Minnesota Real Estate Journal held the 13th Annual Capital Markets Summit at the Radisson Blue Mall of America Hotel.

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Housing Wire

OCTOBER 2, 2024

As localities across the country wrestle with housing shortages, one Massachusetts town will make its case to a panel of judges next week to argue against a plan that requires the construction of more multifamily units, according to reporting by USA Today and state records reviewed by HousingWire. According to 2020 data from the U.S.

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Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. In addition, JP Morgan Chase & Co.

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Housing Wire

DECEMBER 23, 2020

From the Census Bureau: “Sales of new single-family houses in November 2020 were at a seasonally adjusted annual rate of 841,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. However, construction should continue at a slow and steady pace.

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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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Housing Wire

JUNE 1, 2023

The California State Senate passed a bill this week that would permit the construction of affordable housing units on land owned by faith-based institutions and nonprofit colleges, even if local zoning ordinances and laws would normally prevent construction. The bill, introduced last December by Sen. Wiener told the Davis Vanguard.

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Housing Wire

MARCH 1, 2024

23, 2024, the 90-day average for single family listings in the state was 9,927, down from 14,314 single family listings in late February 2020. “It With existing inventory down, Schuler said new construction has taken on a larger role in his market. Very few new construction homes are going up in our area,” Diamond said.

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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. Thus, we expect refinance volume will pull back from the 2020 peak throughout our forecast horizon.”

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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. Census Bureau and the Department of Housing and Urban Development. From Census: The seasonally?adjusted

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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. percent) below the October 2020 estimate of 969,000. For housing, I have stayed true to my bond yield mortgage rate call of the summer of 2020. When supply is 4.4 When supply is 6.5

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Construction Marketing Housing Market Mortgage 511

Eyes on Housing

MAY 24, 2022

The missing middle construction sector includes development of medium-density housing, including townhouses, duplexes and other small multifamily properties. While townhouse construction has trended higher in recent quarters, the multifamily segment of the missing middle (apartments in 2 to 4 unit properties) has disappointed.

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Housing Wire

MARCH 16, 2022

While buyer demand remains high, experts say ongoing lumber and building material supply side issues , labor shortages , rising construction costs and expectations of higher interest rates are contributing to this downturn in homebuilder confidence. The component tracking traffic of prospective buyers, however, rose two points to 67.

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Buyers Supply Chain Construction Inventory 418

Housing Wire

SEPTEMBER 9, 2021

Last year’s impressive list of winners used the challenges of 2020 to propel the housing economy into a digital era and made some industry-changing advancements along the way. The portal received a 2020 Stevie Award for Top FinTech solution. Nominations for the 2021 Tech Trendsetters close on Friday, Sept.

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Architecture Technology Construction Real Estate 364

Housing Wire

MAY 16, 2024

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. A study commissioned by the U.S. Overview of findings The report was released to the public in November 2023.

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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

APRIL 28, 2023

The announcement comes a year after Bloomberg reported that only 47% of Black homeowners who completed a refinance application with Wells Fargo in 2020 were approved, compared with 72% of white homeowners. The partnership represents Wells Fargo’s largest minority home lending and development initiative to date.

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