Housing Wire

JANUARY 18, 2024

New construction starts fell to a seasonally adjusted annual rate of 1.460 million units, down 4.3% Department of Housing and Urban Development (HUD). Overall, an estimated 1.413 million units were started in 2023, a drop of 9.0% month over month, according to a report released Thursday by the U.S. Census Bureau and the U.S.

Construction 451

Construction Real Estate Housing Market Buyers 451

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

Construction 418

Construction Real Estate Agent Loan Officers Inspection 418

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.

Construction 459

Construction Contracts Buyers Development 459

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.

Construction 421

Construction Finance Inventory Development 421

Housing Wire

NOVEMBER 10, 2022

I would anticipate multifamily housing starts are probably going to be down 40% year over year in 2023 and I think that is going to be the same for single family home building, if not higher. Department of Housing and Urban Development. Those same interest rates pushing would-be homebuyers to the sidelines are also hurting developers.

Construction 460

Construction Supply Chain Buyers Development 460

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. 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.

Construction 407

Construction Supply Chain Inventory Agents 407

Eyes on Housing

MAY 23, 2024

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. For the first quarter of 2023, there were just 43,000 2- to 4-unit housing unit construction starts. This is.

Construction 148

Construction Development 148

Eyes on Housing

FEBRUARY 23, 2024

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. For the fourth quarter of 2023, there were just 4,000 2- to 4-unit housing unit construction starts. This is flat from a year prior. Read More ›

Construction 158

Construction Development 158

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.

Mortgage 532

Mortgage Inventory Retail Construction 532

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

Construction 436

Construction Mortgage Development Buyers 436

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

Insurance 470

Insurance Real Estate Agent Construction Development 470

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.

Mortgage 395

Mortgage Construction Inventory Investors 395

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.

Development 303

Development Real Estate Construction Inventory 303

Appraisal Buzz

JUNE 5, 2024

increased significantly in 2023, returning to 916 square feet after falling sharply the previous year. This increase can be linked to more spacious two- and three-bedroom apartments that opened last year, as developers sought to accommodate renters’ need for more space. of total apartment construction.

Construction 195

Construction Design Development Appraisal 195

Eyes on Housing

AUGUST 23, 2023

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. For the second quarter of 2023, there were just 3,000 2- to 4-unit housing unit construction starts. This is down from a year prior. Read More ›

Construction 148

Construction Development 148

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 425

Housing Market Mortgage Marketing Inventory 425

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?

Supply Chain 386

Supply Chain Construction Inventory Finance 386

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.

Construction 405

Construction Real Estate Development Marketing 405

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

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.

Construction 472

Construction Supply Chain Inventory Housing Market 472

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.

Construction 332

Construction Agents Real Estate Agent Development 332

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.

Marketing 454

Marketing Construction Development Housing Market 454

Eyes on Housing

MAY 24, 2023

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. For the first quarter of 2023, there were just 4,000 2- to 4-unit housing unit construction starts. This is flat from a year prior. Read More ›

Construction 178

Construction Development 178

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.

Construction 439

Construction Housing Market Buyers Sellers 439

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.

Inventory 441

Inventory Supply Chain Construction Buyers 441

Eyes on Housing

NOVEMBER 28, 2023

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. For the third quarter of 2023, there were just 3,000 2- to 4-unit housing unit construction starts. This is down from a year prior. Read More ›

Construction 107

Construction Development 107

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.

Construction 469

Construction Property Taxes Inventory Mortgage 469

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.”

Finance 394

Finance Development Investing Construction 394

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 439

Inventory Construction Mortgage Development 439

Appraisal Buzz

OCTOBER 18, 2024

Department of Housing & Urban Development (HUD) have announced new residential construction statistics for September 2024. below the September 2023 rate of 1,363,000. below the September 2023 rate of 1,363,000. below the September 2023 rate of 1,515,000. above September 2023’s rate of 1,466,000.

Construction 418

Construction Housing Market Inventory Home Value 418

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%

Construction 453

Construction Development Housing Market Government 453

Appraisal Buzz

OCTOBER 18, 2024

2023 FHLBank Targeted Mission Activities Report” also measures the growth in FHLBank membership and advances among non-depository Community Development Financial Institutions (CDFI) , as well as the FHLBanks’ progress in meeting the affordable housing goals for mortgage purchases under the Acquired Member Assets (AMA) program.

Development 221

Development Finance Investing Construction 221

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.”

Finance 480

Finance Construction Tenants Renovations 480

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%

Development 418

Development Inventory Construction Real Estate 418

Housing Wire

OCTOBER 2, 2024

As localities across the country wrestle with housing shortages, one Massachusetts town will make its case to a panel of judges next week to argue against a plan that requires the construction of more multifamily units, according to reporting by USA Today and state records reviewed by HousingWire. This is not a subtle tool.”

Law 391

Law Transportation Construction Development 391

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 419

Construction Property Management Development Housing Market 419