Housing Wire

JANUARY 10, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Sellers saw a market where their homes sold quickly and often above list price as multiple buyers competed to have the winning bid. . for 30-year fixed-rate loans.

Housing Market 545

Housing Market Marketing Construction Inventory 545

Housing Wire

NOVEMBER 29, 2023

Cutting prices is one of several mechanisms homebuilders have employed to keep buyers interested since rates began skyrocketing. Home construction New home construction ramped up early in the pandemic but moderated as interest rates ticked up and mortgage rates followed.

Construction 436

Construction Finance Inventory Development 436

Housing Wire

FEBRUARY 23, 2024

In December 2023, a startling rumor started to spread on social media — that large institutional buyers had purchased 44% of the available homes on the market in 2023, leaving policymakers concerned with the potentially predatory grip of these entities. less than in the final quarter of 2022. That amounted to $32.3

Buyers 435

Buyers Investors Real Estate Insurance 435

Eyes on Housing

OCTOBER 25, 2022

After bottoming out at 19% in the first quarter of 2022, the popularity of new homes continues to rebound, as the share of buyers looking for new construction rose to 21% and 27% in the second and third quarters of the year, respectively. Read More ›

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Construction Buyers Inventory 193

Housing Wire

NOVEMBER 10, 2022

With mortgage rates hovering around 7% and home prices still at record highs, buyers across America are calling off the house hunt and finding multifamily apartments. . Some of his would-be buyers are renting apartments until mortgage rates markedly improve. It could be a while. Department of Housing and Urban Development.

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Construction Supply Chain Buyers Development 473

Housing Wire

FEBRUARY 13, 2024

Between July 1, 2022, and July 1, 2023, Alabama’s population grew by 34,000 people, according to estimates published by the U.S. Lower rates are likely to make homeownership accessible to more buyers and it should prompt some potential sellers who are locked in at a rate of 3% or less to list. You can find the city, the country.

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Construction Supply Chain Inventory Agents 422

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 486

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%.

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Construction Finance Buyers Housing Market 356

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 480

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. at the beginning of 2022 and 30.5% Census reports that in September 2024, sales of newly constructed single-family houses increased 6.3% in Q2 of 2022.

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Construction Inventory Real Estate Agent Agents 370

Housing Wire

MARCH 16, 2022

The NAHB/HMI report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes. The component tracking traffic of prospective buyers, however, rose two points to 67.

Buyers 415

Buyers Supply Chain Construction Inventory 415

Appraisal Buzz

JUNE 14, 2024

Buyers today are facing many of the realities of a hot market even though few homes are changing hands,” said Elijah de la Campa, Senior Economist at Redfin. And with so few homes for sale, buyers in some markets are getting into bidding wars, which is helping push home prices to record highs.” record established in October 2022.

Sellers 435

Sellers Buyers New Listings Mortgage 435

Eyes on Housing

JULY 29, 2022

After falling steadily for five quarters, the popularity of new homes rebounded in the second quarter of 2022, as 21% of prospective buyers reported looking for a newly-built home – up from 19% a quarter earlier. Read More ›

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Buyers Construction Inventory 183

Housing Wire

MARCH 14, 2023

in 2022, the eighth consecutive year of growth. Latinos added a net total of 349,000 homeowner households last year, which is one of the largest single year gains over the last decade, the National Association of Hispanic Real Estate Professionals ( NAHREP ) said in its 2022 state of Hispanic homeownership report on Tuesday.

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Real Estate Mortgage Buyers Construction 418

Appraisal Buzz

JUNE 25, 2024

approximately one-third (33.4%) of single-family houses listed for sale in the first quarter were recently constructed; this percentage is down from a record-high 34.5% The percentage of newly constructed homes in the market is still over twice that of pre-pandemic levels. In the U.S., months’ worth of existing homes.

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Construction Inventory Buyers Sellers 396

Housing Wire

DECEMBER 19, 2023

New construction rose to a seasonally adjusted annual rate of 1,560,000, according to the U.S. above the November 2022 rate of 1,427,000. Single-family building activity drove November residential construction activity. Single-family building activity drove November residential construction activity. Census Bureau data.

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Construction Mortgage Development Buyers 451

Housing Wire

MAY 20, 2024

home construction at the onset of the pandemic. We have a fair amount of new-construction homes for sale, and thank goodness we do,” Nicole Dege, a Redfin Premier agent in Orlando, said in the report. Newly built homes have taken up an outsized portion of inventory since the pandemic for two main reasons, according to Redfin.

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Construction Inventory Buyers Sellers 463

Housing Wire

APRIL 27, 2022

The new home sales market doesn’t have a 28% cash-buyer profile as we saw in the last existing home sales report. So, while cash buyers as a percent of sales have been growing, this sector is driven by mortgage buyers primarily. From Census: The median sales price of new houses sold in March 2022 was $436,700.

Construction 360

Construction Buyers Housing Market Inventory 360

Housing Wire

FEBRUARY 3, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. 2022 Forecast series. What are the drivers of housing demand in 2022? 5 predictions for the 2022 housing market. The new 2022 houing market environment.

Housing Market 435

Housing Market Marketing Supply Chain Mortgage 435

Eyes on Housing

JUNE 7, 2022

Recent developments in the first quarter of 2022 per NAHB’s Home Building Geography Index (HBGI), indicate single-family home building slowing in suburbs, with most other regional geographies following suit. Following the aftermath of COVID-19, home buyer preferences for the suburbs have eased. Read More ›

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Supply Chain Construction Buyers Development 174

Housing Wire

APRIL 19, 2023

But the landscape is changing, and ADU buyers (and ADU builders and makers) are adapting to it. In early 2022, people were locking into 3% and 4% interest rates. The sharper focus on cost is now boosting interest in modular factory-built ADUs, which tend to be less expensive and faster to build than custom onsite construction.

Buyers 378

Buyers Real Estate Construction Finance 378

Housing Wire

SEPTEMBER 19, 2022

The NAHB/ HMI report is based on a monthly survey of NAHB members, in which respondents are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. For 21% of respondents, however, “nothing” had improved.

Buyers 397

Buyers Housing Market Construction Marketing 397

Housing Wire

DECEMBER 20, 2021

With those two factors still very much in play, here is my 2022 forecast. For 2022, my range for the 10-year yield is 0.62%-1.94% , similar to 2021. The economy won’t be as hot in 2022 as it was in 2021, but it will remain in expansionary mode. For 2022, I am forecasting the same sales trend range as 2021 of about 5.74

Housing Market 544

Housing Market Inventory Mortgage Marketing 544

Housing Wire

DECEMBER 16, 2021

Nevertheless, while we view the trends described below as the most likely path for the economy and mortgage market in 2022, this news highlights the elevated level of uncertainty we’ve all been living with the past few years. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations.

Marketing 482

Marketing Mortgage Supply Chain Inventory 482

Housing Wire

MARCH 16, 2023

The pace of new construction had been picking up over the past two years. In 2022, a total of 1.55 Completions have outpaced starts since July 2022 and that will likely continue to put downward pressure on the number of single-family homes under construction. year over year. and 72.0%, respectively.

Buyers 448

Buyers Construction Finance Housing Market 448

Housing Wire

NOVEMBER 5, 2024

That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends. But in 2022, the share of homes bought in rural areas (19%) and small towns (29%) jumped considerably. Urban areas also took a hit, falling from 13% to 10%.

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Realtors Housing Market Construction Real Estate 461

Housing Wire

FEBRUARY 9, 2023

Housing affordability hit a record low in the fourth quarter of 2022, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index released Thursday. The all-time high of $390,000 was set in the second quarter of 2022. In addition, Q4 also saw average mortgage rates reach a series high of 6.80%.

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Supply Chain Housing Market Marketing Mortgage 380

Housing Wire

MARCH 8, 2023

In 2022, 2.06 million households were formed , marking the highest level of yearly household formations in the past decade, and bringing the total number of household formations from 2012 to 2022 to 15.6 This resulted in the gap between single family home construction and household formation growing to 6.5 million households.

Housing Market 459

Housing Market Marketing Inventory Construction 459

Housing Wire

FEBRUARY 29, 2024

In places like San Francisco ; New York ; Seattle ; San Antonio ; Rochester, New York; and Kansas City, permits dropped by more than 30% from 2022 to 2023. This has the potential to add even more economic pressure for prospective buyers looking for homes in these parts of the country, the analysis stated.

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Inventory Supply Chain Construction Buyers 456

Housing Wire

MARCH 27, 2024

Listings jumped at both the state and city levels in 2021 and 2022. Dallas-based United Real Estate burst onto the scene in October 2022 when it acquired EXIT Real Estate Gallery , which had ranked in Jacksonville’s top 10 in three of the four years from 2019-2022. Other would-be disruptors have not fared so well.

Brokerage 457

Brokerage Realty Real Estate Inventory 457

Appraisal Buzz

NOVEMBER 20, 2024

“New homes are an attractive alternative for many buyers as existing inventory is still tight in many markets around the country and a newly constructed home provides additional customization options,” Kan says. The average loan size picked up to almost $410,000, the highest in the survey since August 2022. from September.

Construction 195

Construction Buyers Inventory Mortgage 195

Housing Wire

FEBRUARY 24, 2023

This marks the second consecutive month of increases and the strongest sales pace since March 2022. The backlog of new construction homes continues to emerge into the market just in time for the spring shopping season,” Nicole Bachaud, Zillow ’s senior economist, said in a statement. months in December.

Construction 459

Construction Contracts Buyers Development 459

Housing Wire

NOVEMBER 21, 2024

As existing-home sales dwindle due to high mortgage rates and the lock-in effect, buyers continue turning to new construction options. Average loan size reached highest level since 2022 Alongside the growth in new-home application rates, the average size of a mortgage for a new home also moved higher. from October 2023.

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Housing Wire

NOVEMBER 4, 2024

market share, while first-quarter 2022 saw a record high of 34.4%. Nearly 93% of homeowners with mortgages had rates below 6% in mid-2022, but that share dropped by roughly 4 percentage points at the start of the year, according to Redfin. New construction inventory has grown in recent months. Census Bureau. million units.

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Marketing Inventory Construction Realtors 324

Appraisal Buzz

JULY 1, 2024

High interest rates and housing prices have priced millions of potential buyers out of the housing market, while the number of renters with cost burdens is at an all-time high, according to a new study released by Harvard University’s Joint Center for Housing Studies. million in 2022, the last year measured. of elderly homeowners.

Construction 415

Construction Inventory Property Taxes Insurance 415

Housing Wire

SEPTEMBER 19, 2023

below the August 2022 rate of 1,505,000. On the bright side, permits for future construction recorded a 6.9% This annual increase in new starts was driven entirely by new construction activity in the South region, she noted. Single-family construction also slowed in the Midwest region in August, down 15.1% Census Bureau.

Construction 470

Construction Housing Market Buyers Inventory 470

Housing Wire

NOVEMBER 17, 2023

The more prominent homebuilders are flexing their financial muscle over smaller builders and peeling off buyers to help sell homes. This has kept construction workers employed and they have the money to spend on goods and services. percent)* below the October 2022 rate of 1,432,000. percent (±13.5 percent (±10.0 percent (±11.6

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Marketing Construction Housing Market Mortgage 497