Housing Wire

JANUARY 17, 2024

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. Index values for most construction inputs are down from 2022 but remain above pre-pandemic levels. That could set the backdrop for a slower pace of construction.

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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. percent (±14.9

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Construction Housing Market Inventory Buyers 488

Housing Wire

DECEMBER 7, 2020

The reasons for that are solid demographics and low mortgage rates , which will not change much in 2021. 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.

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Inventory Construction Government Housing Market 545

Housing Wire

JANUARY 4, 2021

Will 2021 be more of the same? A buyer’s market in 2021? It’s not likely we’ll see a buyer’s housing market in 2021, at least according to experts. For example, home prices are still expected to rise in 2021, but at a smaller pace than we’ve seen this year. Is 2021 a good time to buy a house? Let’s take a look.

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Housing Market Marketing Buyers Real Estate Agent 546

Housing Wire

DECEMBER 2, 2020

Given massive year-over-year gains in home prices , the Federal Housing Administration (FHA) is increasing its 2021 loan limit in most of the U.S. That loan limit figure is determined as a percentage of the national conforming loan limit for Fannie Mae and Freddie Mac , which is increasing in 2021 to $548,250. 1, 2021, through Dec.

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Housing Wire

JUNE 3, 2022

After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. The post Residential construction jobs now 7.6%

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Construction Renovations Transportation Real Estate 482

Housing Wire

DECEMBER 29, 2021

What a year 2021 has been. economy continue to recover from the lows of April of 2020, but the 2021 economic data shows it has been one of the hottest years in many decades. The housing market didn’t crash at all, in fact, more Americans bought homes with mortgages in 2021 than in 2020. ” Not in my western 2021 world!

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Housing Market Marketing Construction Mortgage 534

Housing Wire

JANUARY 27, 2025

more than 2023 and the highest sales have been since 2021. In many markets, there was simply more new home inventory and some buyers who might have wanted to purchase an existing home were instead looking at new construction, said Bright MLS Chief Economist Lisa Sturtevant in a statement.

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Inventory Buyers Housing Market Construction 476

Housing Wire

OCTOBER 8, 2021

After losing 3,000 jobs in August , the construction sector added 22,000 jobs in September. However, construction employment is still 201,000 jobs below its February 2020 level. The average hourly earnings of production and non-supervisory employees in construction are up 5.8% Census Bureau and the U.S.

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Housing Wire

JULY 17, 2024

Higher mortgage rates have increased recession risk by targeting the one sector that always falls before every recession: residential construction workers. Housing completion data is picking up and the faster the builders finish their historic backlog of homes, the sooner construction workers are unemployed. This is 10.1 percent (±10.6

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Construction Mortgage Housing Market Marketing 507

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 2021 to -12.1% in Q4 2021 to 6.8%

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Housing Wire

FEBRUARY 24, 2022

Fast forward to Thursday, and Opendoor reported losing $662 million in 2021. Opendoor’s losses came after iBuyer Offerpad announced it made $6 million in net income for 2021. Opendoor resold 21,725 of the homes it bought in 2021, up 119% from 2020. That exceeds Zillow’s $528 million loss for the year. The company tallied $8.0

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Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues.

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Mortgage Inventory Real Estate Technology 518

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. But they have declined from a peak of 154 in 2021, prompting a discussion of more incentives.

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Appraisal Buzz

NOVEMBER 14, 2024

The number of renters who favor the construction of affordable housing in their local communities is far higher than that of homeowners. The opinions of homeowners and renters on the potential remedy of increasing housing construction in their neighborhood to alleviate affordability issues differ noticeably.

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Construction Development Local Properties Government 369

Appraisal Buzz

DECEMBER 17, 2024

After plummeting to $1,714 in the second quarter, the lowest level since mid-2021, the median rent for newly built apartments rose above $1,800 in Q3 for the first time since late 2023. This rate is the highest since the first quarter of 2021. There are various stories to be told by the regional breakdown.

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Housing Wire

DECEMBER 16, 2021

Construction of single-family homes increased 11.3% million units, while the construction of multifamily units increased 12.9% “Moreover, despite some cooling earlier this year, the continued strength of single-family construction in 2021 means there are now 28% more single-family homes under construction than a year ago. .

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Housing Wire

JANUARY 19, 2022

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% Overall, an estimated 1,595,100 housing units were started in 2021, a 15.6% 2021 was a strong year for construction.”. to 524,000 units.

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Construction Housing Market Inventory Development 468

Housing Wire

AUGUST 16, 2022

Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. If it wasn’t for solid rental demand boosting multifamily construction this year — 18% year to date —this data line would have looked much worse. percent (±8.6 percent (±11.9

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Mortgage Construction Inventory Buyers 533

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.

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Construction Inventory Real Estate Agent Agents 370

Housing Wire

MAY 7, 2024

It is shipped from the Boxabl manufacturing facility in Las Vegas and is “designed to unfold into a fully functional dwelling unit in just a few hours,” reducing construction costs and minimizing environmental impacts, according to a company news release.

Construction 475

Construction Tenants Design Finance 475

Appraisal Buzz

DECEMBER 11, 2024

since November 2021. As a result, the vacancy rate for buildings with five or more units rose to 8% in Q3, the highest level since early 2021. Renters in areas where construction has boomed are in a sweet spot right now. year-over-year to $1,450 a month, the lowest level since November 2021.

Construction 386

Construction Appraisal Marketing 386

Appraisal Buzz

DECEMBER 5, 2024

Its noteworthy that the recent surge in immigration occurred in 2022 and 2023, with the Congressional Budget Office estimating that immigration levels rose from an average of 990,000 in 2020 and 2021 to 2.7 Home prices experienced substantial growth in 2020 and 2021, and rents, after a slight decline in 2020, saw a sharp increase in 2021.

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Construction Housing Market Marketing Buyers 418

Housing Wire

NOVEMBER 16, 2021

The strong monthly gain puts MBA’s estimate of new home sales at its strongest pace since January 2021, the report said. Census data show an increasing share of new sales are for homes yet to be built or still under construction, and a shrinking share of completed homes,” Kan said. 2021, up 6.4% Recent U.S.

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Supply Chain Mortgage Construction Buyers 501

Housing Wire

SEPTEMBER 21, 2022

Housing construction in the U.S. above the August 2021 rate. 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. below the August 2021 level.

Construction 525

Construction Housing Market Marketing Business 525

Housing Wire

NOVEMBER 19, 2024

A lower Fed funds rate can assist with land purchases and apartment construction, but that process would take considerable time before we see any development. The key takeaway from today’s housing data is that there simply isn’t enough demand to justify additional construction — at least as far as the builders are concerned.

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Construction Mortgage Development Buyers 539

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 9, 2025

Bruce Harrell Last year, Harrell introduced a bold plan that would aim to double the citys zoning capacity, which City Hall said could lead to the construction of 80,000 additional homes by 2044. He is also looking to create 30 neighborhood centers that could allow for the construction of five-story apartment complexes.

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Construction Law Design Development 447

Housing Wire

SEPTEMBER 19, 2023

Have we finally hit the limits of the massive boom in 5-unit apartment construction that has been a positive driver of jobs and the fight against inflation since January of 2021? A big reason for the huge miss was an epic collapse in 5 unit construction starts; as you can see in the chart below. Is the apartment boom over?

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Construction Mortgage Housing Market Real Estate 534

Housing Wire

OCTOBER 19, 2022

percent) above the September 2021 rate of 1,233,000. Now, I believe that the builders are taking their time to finish the construction of new homes, especially those they haven’t even started, because they know demand will get hit big time with mortgage rates up. percent)* below the September 2021 rate of 1,559,000. percent (±8.8

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Mortgage Construction Inventory Housing Market 533

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. The event is exclusively for HW+ members , and you can go here to register.

Housing Market 545

Housing Market Marketing Construction Inventory 545

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

MAY 18, 2022

Census Bureau released their new residential construction report for April, showing a miss on the estimate and a negative revisions data line, which I believe is lagging behind the current market reality. Housing in 2020 and 2021 benefited from rates between 2.5% – 3.75% , which gave buyers more purchasing power. percent (±8.7

Mortgage 493

Mortgage Construction Contracts Housing Market 493

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. An estimated 1,724,700 housing units were authorized by building permits in 2021. This is 17.2 percent (±0.6 percent (±13.3

Construction 495

Construction Housing Market Inventory Marketing 495

Housing Wire

MAY 19, 2022

Skyrocketing mortgage rates and a slowdown in new home constructions led to a drop in home purchases in April. However, the pace of construction has slowed in recent months,” Kan added. Homebuilders constructed about 1.23 from April 2021, according to the U.S. Single-family home constructions saw a 4.9%

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Supply Chain Construction Mortgage Development 459

Housing Wire

SEPTEMBER 21, 2021

homebuilders started construction on 1.615 million homes in August, up 3.9% from July 2021 and 17.4% from July 2021, but this is still 9.4% This increase comes as builders continue to face material shortages and a tight construction labor market. higher than a year ago, according to a new report by the U.S.

Construction 508

Construction Housing Market Inventory Development 508

Housing Wire

FEBRUARY 4, 2021

If buying a home is on your radar for 2021, there are still ways to do it. Are you hoping to buy a home in 2021’s hot housing market ? Will we have a buyer’s housing market in 2021? With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge.

Housing Market 546

Housing Market Marketing Real Estate Agent Sellers 546