Housing Wire

NOVEMBER 4, 2021

To keep pace with current construction demand, and account for attrition, 740,000 new construction workers are needed each year for the next three years , a report by the Home Builders Institute contends. From 2022 through 2024, this total represents a need for an additional 2.2 million new hires for construction.

Construction 529

Construction Renovations Training Development 529

Housing Wire

NOVEMBER 29, 2023

Census Bureau and the Department of Housing and Urban Development. Home construction New home construction ramped up early in the pandemic but moderated as interest rates ticked up and mortgage rates followed. The rate of homes under construction has roughly plateaued since April 2022. The figure – up 17.7%

Construction 446

Construction Finance Inventory Development 446

Appraisal Buzz

JUNE 12, 2024

year-over-year in May to $1,653, representing the highest level since October 2022, according to a new Redfin survey. Multifamily construction increased during the pandemic moving frenzy, lowering rent prices as building owners competed for renters. Asking Rents Hit Highest Level Since 2022 first appeared on The MortgagePoint.

Tenants 392

Tenants Development Construction Marketing 392

Housing Wire

NOVEMBER 10, 2022

In response, multifamily construction has skyrocketed over the last year, hitting a historic high of 841,000 units under construction nationwide in June of this year, according to research from the National Multifamily Housing Council and the National Apartment Association. Department of Housing and Urban Development.

Construction 481

Construction Supply Chain Buyers Development 481

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% A large portion of the new development on the market has been purchased by homebuyers. in Q2 of 2022.

Construction 370

Construction Inventory Real Estate Agent Agents 370

Eyes on Housing

MAY 26, 2023

While mortgage rates were stabilizing in the first quarter of 2023, rates on loans for Acquisition, Development & Construction (AD&C) continued to climb, according to NAHB’s quarterly Survey on AD&C Financing.

Construction 102

Construction Development Finance Mortgage 102

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. New construction is backed up,” she said. “No matter what you want, you can find it here,” the Enterprise, Alabama-based agent said. You can find the city, the country. We’ve got beaches. Census Bureau.

Construction 433

Construction Supply Chain Inventory Agents 433

Eyes on Housing

NOVEMBER 16, 2022

During the third quarter of 2022, credit continued to become less available and generally more costly on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing.

Development 177

Development Construction Finance Lending 177

Housing Wire

DECEMBER 19, 2023

New construction rose to a seasonally adjusted annual rate of 1,560,000, according to the U.S. Department of Housing and Urban Development and U.S. above the November 2022 rate of 1,427,000. Single-family building activity drove November residential construction activity. But permits for future construction fell 2.5%

Construction 458

Construction Mortgage Development Buyers 458

Eyes on Housing

MAY 13, 2022

During the first quarter of 2022, credit became tighter on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing.

Development 189

Development Loan Officers Construction Finance 189

Housing Wire

MAY 19, 2022

Fannie Mae’s Economic and Strategic Research (ESR) Group dropped its projected 2022 real GDP to 1.3%, 0.8 Fannie expects a slowdown in homesales for the second and third quarters of 2022, followed by a softening in construction activity and a large deceleration in home price growth. in the first quarter. from March and 8.6%

Contracts 448

Contracts Mortgage Construction Development 448

Housing Wire

JANUARY 25, 2024

This is one reason I raised my fifth recession red flag for Housing on June 16, 2022 as I saw that higher mortgage rates would impact new home sales and housing permits. 9, 2022, not only helped the housing market build more homes, but it also boosted the U.S. Census Bureau and the Department of Housing and Urban Development.

Construction 514

Construction Housing Market Inventory Marketing 514

Appraisal Buzz

NOVEMBER 18, 2024

This is a hangover from the favorable financing conditions of 2021/2022. Concentrated Development: Many developers flocked to the same areas, leading to localized oversupply. The Developer’s Dilemma To illustrate the current challenges, let’s consider a hypothetical developer, Dave.

Development 284

Development Finance Real Estate Housing Market 284

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 ›

Supply Chain 172

Supply Chain Construction Buyers Development 172

Housing Wire

JULY 19, 2024

As a result, homebuilders and developers are also more confident that rates will continue to decline in the next six months, causing an uptick in housing starts and permits. Meanwhile, construction labor is another issue facing the market. We’re worried about construction labor,” Mohtashami said.

Inventory 466

Inventory Construction Mortgage Development 466

Housing Wire

OCTOBER 24, 2024

With new-home sales growing since 2022, why are housing starts at recessionary levels? We had no growth in residential construction work hiring earlier in the year when rates were higher. I recently raised this concern about housing construction and new home sales in an interview on CNBC. Then mortgage rates fell from 7.5%

Construction 487

Construction Property Taxes Inventory Mortgage 487

Appraisal Buzz

MARCH 17, 2022

Department of Housing and Urban Development have released their new residential construction statistics for February 2022, which found that privately?owned family housing starts in … The post Home Construction Still Affected by Supply Chain Issues appeared first on DSNews. Census Bureau and the U.S. This was 22.3%

Supply Chain 150

Supply Chain Construction Development Appraisal 150

Eyes on Housing

JUNE 17, 2022

In the first quarter of 2022, multifamily home building showed greater growth across all regional markets compared to the first quarter of 2021, per the NAHB’s Home Building Geography Index (HBGI). Apartment construction far outpaced single-family building in all regional geographies but especially in lower density markets1.

Construction 188

Construction Marketing Development 188

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. Department of Housing and Urban Development (HUD). First, a spike in homebuying demand drove the surge in U.S.

Construction 468

Construction Inventory Buyers Sellers 468

Eyes on Housing

AUGUST 22, 2022

According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts surged during the second quarter of 2022. At 142,000 units started, this was the largest quarter for rental multifamily construction since the second quarter of 1986. In contrast, the historical low. Read More ›

Development 172

Development Construction Marketing 172

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.

Construction 476

Construction Supply Chain Inventory Housing Market 476

Housing Wire

APRIL 27, 2022

family houses in March 2022 were at a seasonally adjusted annual rate of 763,000, according to estimates released today by the U.S. Census Bureau and the Department of Housing and Urban Development. From Census: The median sales price of new houses sold in March 2022 was $436,700. From Census: Sales of new single?family

Construction 369

Construction Buyers Housing Market Inventory 369

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

MAY 23, 2024

However, we need to keep an eye on the housing construction data in this report because it has huge implications for the economic cycle, our recession risk and mortgage rates. When single-family permit demand collapsed in 2022 , we still had a healthy backlog of homes that needed to be finished. In this report: 1.9 In this report: 1.9

Marketing 488

Marketing Construction Mortgage Housing Market 488

Housing Wire

JUNE 6, 2024

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). Digital tools like the ADU Plans Gallery reduce the time and cost of building ADUs and accelerate housing construction.”

Tools 467

Tools Law Government Construction 467

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. Both pose threats to access to capital, the cost of materials and labor, and future housing values.

Housing Market 545

Housing Market Marketing Construction Development 545

Housing Wire

MARCH 7, 2024

Long, who brings more than 20 years of experience in the mortgage industry, will be responsible for building Planet’s retail networks and will also have a focus on product development, the company said. decline from 2022, according to Inside Mortgage Finance.

Retail 452

Retail Lending Renovations Construction 452

Housing Wire

JANUARY 19, 2023

As the housing market slowed from its frenzied peak in 2022 due to soaring mortgage rates, homebuilders pulled back. An estimated of 1.533 million housing units were started in 2022, down 3.0% Department of Housing and Urban Development. While housing starts were down in 2022, housing completions posted a 3.8%

Inventory 418

Inventory Construction Development Housing Market 418

Housing Wire

NOVEMBER 17, 2023

Department of Housing and Urban Development and U.S. below the October 2022 rate of 1,432,000. Permits for future construction also jumped 1.1% above the October 2022 level. The Northeast did not perform as well as weather, supply chain issues, and difficulties getting permits hampered construction. from September.

Supply Chain 450

Supply Chain Construction Finance Development 450

Housing Wire

DECEMBER 16, 2021

Department of Housing and Urban Development and the U.S. Construction of single-family homes increased 11.3% million units, while the construction of multifamily units increased 12.9% ” HUD and the Census Bureau are attributing this increase in production to strong demand for new construction. .”

Construction 493

Construction Inventory Housing Market Development 493

Housing Wire

AUGUST 29, 2024

These include, among other things, providing more access to the system to Community Development Financial Institutions (CDFIs) and reducing the regulatory burden on its programs. The FHLBanks estimate they have initiated three dozen new programs since 2022 aimed at meeting regional housing and community development needs in their districts.

Finance 430

Finance Development Investing Construction 430

Housing Wire

FEBRUARY 24, 2023

Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. This marks the second consecutive month of increases and the strongest sales pace since March 2022. Looking ahead, experts are optimistic about the spring selling season for new construction. months in December.

Construction 459

Construction Contracts Buyers Development 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. Fewer homes under construction and falling permits mean dwindling options for future buyers, adding more pressure to a market already strained by tight supply,” Point2 said.

Inventory 466

Inventory Supply Chain Construction Buyers 466

Housing Wire

NOVEMBER 27, 2023

In March 2022 , Veev raised a $400 million Series D led by BOND , while LenX , Zeev Ventures , JLL Spark Global Ventures , and Fifth Wall also participated in the round. Veev said at the time that the funding would be used to scale its operations, accelerate its research and development, and expand construction into new markets.

Inspection 482

Inspection Investors Investing Insurance 482

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.

Tenants 440

Tenants Development Investing Design 440

GoForrmz

NOVEMBER 9, 2022

GoFormz was selected as a Top Tech Firm in the construction industry. Now in its 20th year of publication, Construction Executive is the leading trade magazine about the business of construction. In its most recent issue, CE published a comprehensive list of The Top Construction Technology Firms ™ – and GoFormz made the list!

Construction 148

Construction Project Management Technology Development 148

Housing Wire

AUGUST 29, 2024

At HVPG, we recently completed a renovation at a senior living facility in Jersey City, a city experiencing rapid growth with almost 30% of its current population arriving in 2021 or 2022. For example, inclusionary zoning policies require developers to include a certain percentage of affordable units in new residential developments.

Renovations 457

Renovations Development Transportation Construction 457