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Master planned communities post strong new home sales numbers in 2023

Housing Wire

Despite high mortgage rates , master planned communities (MPCs) did well in 2023. According to a survey released Tuesday by John Burns Research & Consulting , the top 50 MPCs sold more than 34,600 new homes in 2023, up 24% from the nearly 28,000 sales in 2022.

Buyers 457
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Best Quarter for Townhouse Construction Since 2006

Eyes on Housing

Despite weakness for single-family construction in 2023, townhouse construction recorded the best quarter for starts in more than 17 years.

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Green Mortgage-Backed Securities Approached $2B in 2023

Appraisal Buzz

According to Freddie Mac’s 2023 Green MBS Impact Report , the company issued $1.85 billion of Single-Family Green Mortgage-Backed Securities (MBS) for the 2023 calendar year. Freddie Mac’s 2023 Green MBS issuance increased by more than 35% over 2022, even as overall MBS market volume declined.

Mortgage 195
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Average Size of New Apartments Surged in 2023

Appraisal Buzz

increased significantly in 2023, returning to 916 square feet after falling sharply the previous year. Notably, the recent upward trend contrasts with the depression that occurred in 2022, when the average size of apartments fell substantially due to a historically large spike in smaller units being constructed.

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Strong Quarter for Single-Family Built-for-Rent Construction

Eyes on Housing

Single-family built-for-rent construction accelerated at the end of 2023, as builders sought to add additional rental housing in a market facing elevated mortgage interest rates. This is more than. Read More ›

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Best Quarter for Townhouse Construction Since 2007

Eyes on Housing

Despite weakness for single-family construction in 2023, townhouse construction recorded the best quarter for starts in 16 years.

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Townhouse Construction Cools

Eyes on Housing

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the first quarter of 2023, single-family attached starts totaled 29,000, which is 19% lower than the first quarter of 2022.