Housing Wire

SEPTEMBER 5, 2023

Single-family home building slowed across the country during the second quarter of 2023, thanks to higher mortgage rates , and labor and supply shortages , according to the National Association of Home Builder’s (NAHB) Home Building Geography Index. at the end of 2019 to 12% earlier in 2023. in Q2 2023. in micro counties.

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Construction Marketing Development Mortgage 435

Appraisal Buzz

AUGUST 9, 2024

is expected to set new records for apartment construction. By the end of 2024, developers plan to have completed an astounding 518,108 rental units, a startling 30% more than in 2022 and 9% more than in 2023. The overall impact on the number of developers might vary by region,” Ressler said. “In

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Housing Wire

FEBRUARY 24, 2023

New home sales started off 2023 on a positive note, rising 7.2% Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. 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.

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Housing Wire

FEBRUARY 1, 2023

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. Department of Housing and Urban Development (HUD), according to lawyers. UWM, which originated $33.5

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Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability.

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Mortgage Inventory Retail Construction 532

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. for the third quarter of 2023.

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Construction Finance Inventory Development 448

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. Additionally, the 2023 National Movers Study conducted by United Van Lines ranked Alabama No. New construction is backed up,” she said. Clearly, Piccinini isn’t the only one who thinks so.

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Construction Supply Chain Inventory Agents 435

Housing Wire

OCTOBER 21, 2024

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. Nationally, 290,000 new properties were built in high-risk flood areas from 2019 through 2023, almost one in five of the 1.6

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Housing Wire

NOVEMBER 29, 2024

New-home construction in the U.S. But StorageCafe found that in 2023, most states overlooked one key solution to the affordability crisis: more inventory of “middle housing.” Census Bureau data to analyze housing inventory changes across 489 cities between 2005 and 2023. The report used U.S.

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Inventory Construction Law Development 397

Housing Wire

JULY 25, 2023

New home sales among the “50 Top-Selling Master-Planned Communities” increased by 7% in the first half of 2023 compared to the same period in 2022, according to a study by RCLCO Real Estate Consulting. Land Tejas, owned by Starwood Capital Group, appeared on the list three times and was the developer behind Sunterra.

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Housing Wire

DECEMBER 29, 2023

In some ways, 2023 was the year of the homebuilder. 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.

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Housing Wire

JULY 6, 2023

In addition, builders are recognizing the demand and the opportunity it presents, and they are pushing construction activity higher – about one-third of homes on the market are new construction, more than double normal levels. jobs market remains strong with U.S. However, we have a way to go to regain balance.” or even a little higher.

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Mortgage Construction Inventory Investors 397

Housing Wire

SEPTEMBER 27, 2023

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey. About 37% of respondents were spending money in social media and 34.8%

Housing Market 448

Housing Market Mortgage Marketing Inventory 448

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. BH: What are you expecting to see in terms of demand for new construction heading into 2023?

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Supply Chain Construction Inventory Finance 397

Housing Wire

FEBRUARY 5, 2024

An estimated 668,000 new homes were sold in 2023, 4.2% Department of Housing and Urban Development. In the fourth quarter of 2023, almost 32% of U.S. single-family homes for sale were new construction, similar to the percentage from a year earlier and good for the highest level of any fourth quarter on record.

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Construction Housing Market Buyers Sellers 468

Housing Wire

NOVEMBER 19, 2024

percent)* below the October 2023 rate of 1,365,000. percent below the October 2023 rate of 1,534,000. 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. percent (±11.6 percent (±9.0

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Construction Mortgage Development Buyers 539

Housing Wire

FEBRUARY 29, 2024

This is according to an analysis conducted by Point2 , which examined metrics including single-family and multifamily completions in 2023, as well as corresponding permits issued. Bureau of Labor Statistics from 2013 to 2023. The findings are based on historic data from the U.S. Census Bureau and the U.S.

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Inventory Supply Chain Construction Buyers 468

Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.”

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Finance Construction Tenants Renovations 501

Housing Wire

FEBRUARY 9, 2024

Thanks to a slower rate of housing starts , there were more lots available in the fourth quarter of 2023 compared to a year earlier, according to Zonda ’s New Home Lot Supply Index. 75% of builders intend to start more homes in 2024 compared to 2023, and those starts require lots. Year over year, the index rose by 25.1%

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Development Inventory Construction Real Estate 459

Housing Wire

DECEMBER 22, 2023

So, if you’re confused about why the builder stocks are doing well recently, the builders were still showing sales growth in 2023, and now rates have also fallen and the Fed rate hike cycle has ended. Census Bureau and the Department of Housing and Urban Development. months , the builders will pause construction. This is 12.2

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Mortgage Marketing Construction Inventory 529

Housing Wire

FEBRUARY 26, 2024

Department of Housing and Urban Development ( HUD ). rise from the January 2023 pace of 649,000 units sold. Additionally, mortgage applications for new homes surged in January as a lack of existing homes for sale continued to fuel the demand for new construction. Census Bureau and the U.S. While this figure represents a 1.5%

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Construction Development Housing Market Government 459

Housing Wire

AUGUST 13, 2024

Construction of accessory dwelling units (ADUs) is taking off, but is it bringing down housing costs? A new report from John Burns Real Estate Consulting casts doubt on it, citing uneven geographic distribution of deregulations and the high cost of construction. As a result, the most impactful ADUs are in new construction.

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Construction Real Estate Development Marketing 435

Housing Wire

MAY 14, 2024

The Marcus Skenderian Real Estate Group works across commercial real estate , architecture, construction , development and residential sales. In 2023, the team was ranked No. 1,255 among small real estate teams in California, according to the RealTrends Verified rankings. The team recorded $24.1 million in sales last year.

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Real Estate Architecture Construction Tools 444

Housing Wire

MARCH 25, 2024

Department of Housing and Urban Development ( HUD ). rise from the February 2023 pace of 625,000 units sold. Builder confidence, as measured by a survey from the National Association of Home Builders (NAHB), improved to a reading of 51 in March , its highest level since July 2023. Census Bureau and the U.S.

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Construction Inventory Housing Market Finance 486

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. The future production of housing units at risk I am bringing this up because economic recessions tend to see residential construction workers lose their jobs first.

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Marketing Construction Mortgage Housing Market 497

Housing Wire

FEBRUARY 12, 2024

Stratmor Group served as the adviser to AFR for the deal, which was announced in August 2023 and completed on Feb. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. It also has a niche in construction and manufactured home loan programs.

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Lending Renovations Construction Finance 456

Housing Wire

AUGUST 16, 2023

In certain parts of the Phoenix AMA that do not have a designated water provider, builders and developers need a certificate of AWS to obtain a building permit. Kamps added that he anticipates the prices of the 80,000 lots that already have AWS will also increase if developers chose to sell them, since there currently is a finite supply.

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Construction Agents Real Estate Agent Development 370

Housing Wire

SEPTEMBER 18, 2024

Department of Housing and Urban Development (HUD). Slowdowns in new single-family construction over the summer reflected sagging builder confidence, but homebuilders appear to be more confident as mortgage rates have fallen over the past few weeks and as the Federal Reserve gets set to cut interest rates. Census Bureau and the U.S.

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Marketing Construction Development Housing Market 488

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.

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Inventory Construction Mortgage Development 468

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. As the 12th-largest mortgage lender , Planet Home Lending posted an origination volume of $25 billion in 2023, a 5.3%

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Retail Lending Renovations Construction 459

Housing Wire

JULY 17, 2024

Despite a 3% monthly increase , the pace of new housing construction was 4.4% Department of Housing and Urban Development (HUD). Multi-family construction has cooled considerably, while the dip in new single-family construction was more modest,” Lisa Sturtevant, chief economist at Bright MLS , said in a statement. “A

Construction 468

Construction Property Management Development Housing Market 468

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.”

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Tools Law Government Construction 475

Housing Wire

OCTOBER 24, 2024

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. Census Bureau and the Department of Housing and Urban Development. percent)* above the September 2023 estimate of 694,000.

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Construction Property Taxes Inventory Mortgage 488

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. In November 2023, the FHFA released a report examining the system and offering a series of transformative goals to reach by 2032. taxpayers from risk.”

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Finance Development Investing Construction 435

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.

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Tenants Development Investing Design 448

Housing Wire

FEBRUARY 16, 2023

Department of Housing and Urban Development (HUD). Housing construction weakened in January as ongoing affordability conditions fueled by high mortgage rates and building material costs challenged the market,” Alicia Huey, the chairman of the National Association of Home Builders (NAHB), said in a statement. year over year.

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Supply Chain Construction Inventory Development 397

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. A large portion of the new development on the market has been purchased by homebuyers. Overall construction has slowed. a year ago.

Construction 370

Construction Inventory Real Estate Agent Agents 370