Housing Wire

OCTOBER 18, 2023

below the September 2022 rate of 1,463,000. However, permits for future construction recorded a 4.4% lower than in September 2022 due to higher interest rates. lower than September 2022. from the prior month and were 1% above the September 2022 level. Could multifamily construction stall? Census Bureau data.

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Eyes on Housing

NOVEMBER 20, 2024

Reflecting the sharp increase in net immigration of recent years, the number of new immigrants joining the construction industry rose substantially in 2022. According to the latest American Community Survey (ACS), the industry managed to attract close to 130,000 new workers coming from outside the U.S. For comparison, this.

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Housing Wire

DECEMBER 3, 2021

The construction sector added a total of 31,000 jobs in November, on par with the two prior months. Specialty contractors showed the largest gains with an increase of 13,000 jobs, while persons employed in construction of buildings, and civil and heavy engineering rose by 10,000 and 8,000 jobs, respectively. While this is a 0.4%

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Construction Transportation Inventory Government 468

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 starts are far from the recent peak in 2022, which isn’t shocking considering our current trajectory of housing permits, as the chart below shows. percent (±12.1 This is 10.1

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Construction Mortgage Housing Market Marketing 499

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.

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Appraisal Buzz

SEPTEMBER 27, 2024

than the second consecutive quarter in which newly constructed apartment rentals showed an annual decline, and the second-deepest decline in the previous five years. Will an Apartment Construction Boom Lead to Lower Rents? The post Asking Rents for New Builds Slip to Lowest Level Since 2022 first appeared on The MortgagePoint.

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Housing Wire

NOVEMBER 4, 2024

As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. This marked the lowest market share for new homes in three years. market share, while first-quarter 2022 saw a record high of 34.4%. Census Bureau.

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Marketing Inventory Construction Realtors 353

Housing Wire

NOVEMBER 29, 2023

Homebuilders are also pacing the number of homes they bring to market. 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.

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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

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Housing Wire

DECEMBER 16, 2021

Let’s not forget the substantial fiscal and monetary policy that provided extraordinary levels of support for households, businesses, and markets here and abroad. The main takeaway from Mortgage Bankers Association forecast is that we see 2022 as a transition year, moving from a refinance market to a purchase market.

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Marketing Mortgage Supply Chain Inventory 482

Housing Wire

AUGUST 1, 2023

Zillow Group ‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market. in June from a year ago while the market saw 28% fewer new listings added during the same period.

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Eyes on Housing

SEPTEMBER 6, 2024

labor market is slowing from its overheated state in 2021 and 2022 but remains stable. Among all sectors, construction led the August job gains, adding 34,000 jobs to payrolls. Today’s jobs report and the newly released preliminary estimate of the benchmark revision indicate that the U.S. Wages grew at.

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Housing Wire

NOVEMBER 17, 2023

When market players say housing leads us into a recession, it traditionally means the Federal Reserve raised rates too much, housing slowed down as a result and a job-loss recession isn’t too far off. It happened because big homebuilders made deals, cut prices, and paid down rates , all to grow market share. percent (±13.5

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Housing Wire

NOVEMBER 22, 2024

But the narrative is more complex in niche markets like the Texas capital of Austin. Social media posts have fueled speculation that Austin’s rental market is in freefall. Gerli told HousingWire in an emailed response that normalizing market conditions would be indicated by a slow and gradual decline in rents. by September.

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Marketing Housing Market Property Taxes Construction 238

Appraisal Buzz

OCTOBER 11, 2024

“Let’s not mistake correlation for causation,” said researcher and Deputy Chief Economist for First American Financial Corporation Odeta Kushi , who publishes quarterly analyses of housing market data and trends. And, reversely, when the Fed starts lowering rates, the housing market perks up and the general economic landscape follows course.

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Housing Market Marketing Construction Real Estate 418

Housing Wire

SEPTEMBER 6, 2024

In 2022, I argued that the Federal Reserve won’t pivot until the labor market breaks. This means that the Fed will need to create such a slowdown in the labor market that nobody will question their action when they pivot. Job gains occurred in construction and healthcare. This is what I call the “cover cuts” policy.

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Marketing Construction Mortgage Housing Market 513

Appraisal Buzz

AUGUST 13, 2024

As the rental market continues to cool, property managers are increasingly offering concessions to attract renters, according to new data from Zillow. The post-pandemic surge in apartment construction has given renters more options, leading to a softening in rent growth and an uptick in special deals.

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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. Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market. 2022 Forecast series.

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Housing Market Marketing Supply Chain Mortgage 435

Housing Wire

APRIL 23, 2024

New home sales have been one of the brighter housing stories since the home sales crash in 2022 — as we can see in the chart below, new home sales have been able to grow since then. This is one reason why the homebuilder stocks have done so well since November of 2022.

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Inventory Construction Mortgage Buyers 513

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.

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Tenants Development Construction Marketing 392

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 488

Housing Wire

NOVEMBER 10, 2022

David Meyer is thankful that his business is still plugging along during the wildest housing market in decades. Despite this uptick in construction, multifamily builders likely won’t be making much of a dent in the overall housing shortage over the next year or two. Department of Housing and Urban Development.

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Construction Supply Chain Buyers Development 481

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Every Saturday I publish a weekly housing market tracker with forward-looking data and insights so you can adjust quickly to market conditions. If the 10-year yield gets above 4.25%, the U.S.

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Housing Market Marketing New Listings Construction 531

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. Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. And that has priced a lot of people out of the market,” Piccinini said.

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Construction Supply Chain Inventory Agents 433

Housing Wire

MARCH 8, 2023

It is no secret that the housing market is suffering from an ongoing inventory drought. 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 million households.

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Housing Market Marketing Inventory Construction 459

Eyes on Housing

MAY 26, 2022

According to NAHB analysis of quarterly Census data, the count of multifamily, for-sale housing starts increased during the first quarter of 2022. At 11,000 units started, this was the best quarter for condo construction since the third quarter of 2008. Read More ›

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Housing Wire

DECEMBER 22, 2023

percent)* above the November 2022 estimate of 582,000. Let’s be clear: the Federal Reserve is way too restrictive for housing, as the existing home sales market has shown us, with sale levels at the lowest levels ever when accounting for the working labor force. months and below, this is an excellent market for builders.

Mortgage 529

Mortgage Marketing Construction Inventory 529

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

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%

Construction 482

Construction Renovations Transportation Real Estate 482

Housing Wire

OCTOBER 22, 2024

New pending sales are also on the rise, with the 60,000 homes going under contract last week representing a 9% increase from the same week last year and an 11% increase from the same week in 2022. ” Last week, following the release of construction data for September from the U.S. With mortgage rates back above 6.5%

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Sellers Mortgage Marketing Construction 465

Housing Wire

JANUARY 19, 2024

Plus, seeking the most efficient tools to service this segment and help create income while the for-sale market remains challenged and provides less opportunities. While the single-family home market remains rather stagnant, the U.S. rental segment has been quite fluid.

Marketing 499

Marketing Real Estate Construction Agents 499

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 368

Eyes on Housing

MAY 20, 2024

million) of workers employed in construction are self-employed, according to the 2022 American Community Survey (ACS). As industry payrolls expanded in 2022, the share of self-employed inched down. However, the share remained higher than it was in 2019, before the pandemic rattled the labor market.

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Construction Marketing 148

Housing Wire

AUGUST 14, 2024

Denver-based Realtor Bret Weinstein took on a client whose house had been on the market for 60 days. The deal is indicative of how details matter in a market like Denver where home-price growth has slowed dramatically after a surge in post-pandemic migration to the metro area caused valuations to rise sharply in a short period of time.

Buyers 465

Buyers Housing Market Marketing Sellers 465

Eyes on Housing

NOVEMBER 18, 2022

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the third quarter of 2022 single-family attached starts totaled 38,000, which is 12% higher than the third quarter of 2021. However, these.

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Construction Marketing Design 194

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We In mid-June 2023, the statewide 90-day average Altos Market Action Index score hit a high for year of 53.99, before sliding down to a trough of 40.03

Housing Market 467

Housing Market Marketing Inventory Construction 467

Eyes on Housing

SEPTEMBER 22, 2023

The total market share of non-site built single-family homes (modular and panelized) was just 2% of single-family homes in 2022, according to completion data from the Census Bureau Survey of Construction data and NAHB analysis. This low market share in fact runs. Read More ›

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