Appraisal Buzz

JANUARY 17, 2022

Of course, the construction industry has been facing some pressing challenges, including hitches in global and national supply chains. This makes new home construction a continued challenge, even as demand exists to accelerate new housing. In 2022, construction companies will have to work hard to catch up with an overwhelmed market.

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Appraisal Buzz

DECEMBER 11, 2024

Renters in areas where construction has boomed are in a sweet spot right now. As construction starts to slow, rents will eventually tick back up, but 2025 is shaping up as a renters market with potential for the affordability gap between buying and renting to widen. at 9.4%; and Providence, Rhode Island at 9.3%.

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Appraisal Buzz

JANUARY 22, 2025

Hes got some ideas that could transform the construction industry and help get millions of new, high-quality homes built much faster. At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Listen to find out how.

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Appraisal Buzz

DECEMBER 18, 2024

By comparison, retail construction has slowed dramatically, averaging just 41-million square feet annually in recent years due to the rise of e-commerce. Residential Real Estate and Housing Shortages The construction of single-family homes peaked in the early 2000s with around 1.3 Despite this recovery, the U.S. The post The U.S.

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Appraisal Buzz

DECEMBER 5, 2024

While immigrants add to housing demand, they also play a crucial role in expanding housing supply due to their significant presence in the construction industry. In 2023, immigrants made up 34% of workers in construction trades, a notable figure compared to their 18% share of the overall workforce. appeared first on Appraisal Buzz.

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Appraisal Buzz

JANUARY 15, 2025

Homes like condos, townhouses and new construction single family homes in neighborhoods with ample amenities are more likely to have an HOA fee. of newly constructed homes listed on Realtor.com had a monthly homeowners association dues, compared to 37.1% The post Report: HOA Fees On the Rise appeared first on Appraisal Buzz.

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Appraisal Buzz

SEPTEMBER 10, 2024

In 2024, multifamily construction completions are at all-time highs; in many places, supply now exceeds demand. The post New Construction Boom Fuels Rising Rent Prices first appeared on The MortgagePoint. The post New Construction Boom Fuels Rising Rent Prices appeared first on Appraisal Buzz.

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Appraisal Buzz

FEBRUARY 24, 2025

In this monograph, we discuss the absolute necessity of developing more than one skill set as part of becoming a competent and professional real estate appraiser. At its core, real estate appraising involves the due diligence necessary to form a credible opinion of the market value of a particular property.

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Appraisal Buzz

FEBRUARY 26, 2025

The drop in new home sales coincides with growing builder pessimism stemming from high mortgage rates and the looming possibility of tariffs on imported construction materials that will drive up costs. Builders growing The post New Home Sales Dropped in January as Builder Pessimism Took Hold appeared first on Appraisal Buzz.

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Appraisal Buzz

DECEMBER 2, 2024

New multifamily construction projects started in the last two years have hit the market in 2024, with a greater supply of units helping to soften rents and bring renters some relief,” said Danielle Hale, Chief Economist at Realtor.com. The post Growing Supply of Rental Units Pushes Rent Prices Downward appeared first on Appraisal Buzz.

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Appraisal Buzz

MARCH 25, 2025

The South was already dominating the share of new construction and new home sales, and this strong sales showing in February only adds to the clear focus on new homes in the South, with 64.8% The mix of inventory available for sale by stage of construction is normalizing, added Fleming. first appeared on Appraisal Buzz.

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Appraisal Buzz

NOVEMBER 25, 2024

A construction boom has eased pressure on rent prices, putting rent affordability on track to improve next year — that is, as long as wages continue to grow.” “More inventory should shake loose in 2025, giving buyers a bit more room to breathe. Many are also viewing renting as a longer-term lifestyle.

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Appraisal Buzz

OCTOBER 18, 2024

Department of Housing & Urban Development (HUD) have announced new residential construction statistics for September 2024. While builders are growing more confident in their ability to sell newly built homes, they continue to face supply-side hurdles to building them, from higher construction costs to ongoing skilled labor shortages.

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Appraisal Buzz

JANUARY 23, 2025

Florida, Texas, and North Carolina were three of the most popular states for relocation, and this accelerated migration has fueled construction to meet the surging housing demand. This led to an upswing in housing demand and intensified construction activity. appeared first on Appraisal Buzz.

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Appraisal Buzz

AUGUST 9, 2024

is expected to set new records for apartment construction. Notably, by the end of December, the combined metro areas of Dallas and Austin are predicted to welcome about 10% of all newly constructed apartments countrywide. On the other hand, some markets are seeing a slowdown in new construction starts due to the economic environment.”

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Appraisal Buzz

AUGUST 9, 2021

Local, State, and Federal policy can play a significant role in an appraiser’s business – it is important to stay informed about what is happening around us. Most appraisers have been busier than ever over the past year and may be struggling to keep up with deadlines. Policy can affect all segments of the appraisal profession.

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Housing Wire

JANUARY 30, 2025

New construction The reverse mortgage industry has, for a while, aimed to communicate the potential benefits of the Home Equity Conversion Mortgage ( HECM ) for Purchase program as a mechanism for securing a new home by using a reverse mortgage. They have quality concerns, specifically with how they’re built today, he said.

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Appraisal Buzz

SEPTEMBER 21, 2021

Residential construction numbers were a surprise again in August. Permits for construction and housing starts were both higher than expected, however, multifamily numbers were driving the results. The post Construction Numbers Pushed Higher by Multifamily Surge; Potentially Big Day Ahead For Rates appeared first on Appraisal Buzz.

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Appraisal Buzz

DECEMBER 10, 2024

Among the top 10 metros, eight have seen year-over-year growth in single-family home construction, with builders increasingly focusing on more affordable and smaller homes to meet demand. The post New Forecast Pinpoints 2025s Top Housing Markets appeared first on Appraisal Buzz.

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Appraisal Buzz

NOVEMBER 21, 2024

While the offsite construction process has been around for decades, it has yet to be adopted as a mainstream way to generate high-quality housing supply at scale,” said Sean Dobson, Chairman, CEO and CIO of Amherst Group. we think modular construction is an important part of the solution. Amid ongoing supply constraints in the U.S.,

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Appraisal Buzz

MARCH 14, 2025

Beyond its main purpose, the housing industry starts a number of initiatives that boost economic expansion and increase GDP through home sales, renovations, and construction. The post The Importance of Flood Insurance Education appeared first on Appraisal Buzz. To read the full report, click here.

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Appraisal Buzz

MARCH 3, 2025

They also reported that, as of 2023, at least eight states have policies that preempt local bans of ADU construction. At that time, the study showed that ADU construction was rising by 8.6% Having a qualified contractor with experience in ADU construction who knows and understands the local regulations is vital to success.

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Appraisal Buzz

FEBRUARY 19, 2025

The post January Residential Construction: Whats Behind Builder Pessimism? The post January Residential Construction: Whats Behind Builder Pessimism? appeared first on Appraisal Buzz. Lower borrowing costs could provide some relief, but builders know that higher-for-longer mortgage rates will keep buyers cautious.

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Appraisal Buzz

NOVEMBER 26, 2024

Housing Market Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability. Dr. Conerly’s analysis included interest rates, inflation, and the Federal Reserve’s strategic direction, with insights into consumer behavior, government spending, and construction.

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Appraisal Buzz

OCTOBER 14, 2024

Efforts to improve access to down payment assistance, credit-building programs, zoning reforms, and affordable housing construction and preservation in desirable areas are key initiatives to help this progress continue.” The post Hispanic Homeowners Reduce the Home Value Gap appeared first on Appraisal Buzz.

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Appraisal Buzz

NOVEMBER 22, 2024

There also is a rising demand for “impeccably presented, move-in ready or new construction homes with attractive pricing,” concurred 44% of the specialists on their survey. The post Luxury Market Heats Up as Affluent Buyers Seek ‘Forever Homes’ appeared first on Appraisal Buzz.

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Appraisal Buzz

OCTOBER 17, 2024

In August and September, the average loan amount for newly constructed residences was $395,935 and $402,658 respectively. The post New Home Purchase Mortgage Applications Increase From Last Year appeared first on Appraisal Buzz. Conventional loans accounted for 61.2%

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Appraisal Buzz

DECEMBER 17, 2024

The post Q3 Commercial Mortgage Delinquency Rates Ramp Up appeared first on Appraisal Buzz. At the conclusion of the third quarter of 2024, the delinquency rates for each group were as follows, based on the unpaid principle balance (UPB) of loans: Banks and thrifts (90 or more days delinquent or in non-accrual): 1.24%, an increase of 0.09

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Appraisal Buzz

DECEMBER 17, 2024

The percentage of newly constructed apartments that were rented out within three months of completion, or the absorption rate, was the second-lowest seasonally adjusted share since the middle of 2020. The post Newly Constructed Apartment Asking Rents Get Significant Bump first appeared on The MortgagePoint.

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Appraisal Buzz

NOVEMBER 21, 2024

New homes are an attractive alternative for many buyers as existing inventory is still tight in many markets around the country and a newly constructed home provides additional customization options. The post New Home Purchase Mortgage Apps Jumped Recently appeared first on Appraisal Buzz.

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Appraisal Buzz

OCTOBER 25, 2024

Factors such as an influx of new residents and robust home construction have driven these markets to cool down. Cities appeared first on Appraisal Buzz. Florida cities, including Miami, Tampa, and Jacksonville, have seen noticeable price decreases after the real estate boom triggered by the COVID-19 pandemic. and 5.5%, respectively.

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Buyers Housing Market Construction Real Estate 368

Appraisal Buzz

MAY 24, 2021

This process has appraisers review location, condition, and other variables so they can assess whether buyers will be interested. Because appraisals are contingencies in 43% of contracts , you must find ways to accurately evaluate these properties. Three Common Methods Appraisers Can Use. That’s where possible hurdles can arise.

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Appraisal Tenants Buyers Landlords 397

Appraisal Buzz

NOVEMBER 18, 2024

Diminished Development Capacity: As developers struggle, new construction grinds to a halt. The post Solving the Affordable Housing Crisis appeared first on Appraisal Buzz. The Developer’s Dilemma To illustrate the current challenges, let’s consider a hypothetical developer, Dave.

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Appraisal Buzz

NOVEMBER 12, 2024

Exacerbating the situation are supply chain disruptions and growing costs for construction materials, which have accelerated since the beginning of 2024 , increasing home maintenance professionals’ overhead. The post Home-Care Costs Continue to Climb appeared first on Appraisal Buzz. The full report is available on Thumbtack’s blog.

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Appraisal Buzz

OCTOBER 15, 2024

Less complete and less frequent data were used to construct the data previous to March 31, 2011, which were measured at 6-month intervals and interpolated for charting purposes in the months in between. The post Mortgage Credit Availability Tightens in September appeared first on Appraisal Buzz.

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Appraisal Buzz

JANUARY 22, 2025

The amount of dwelling units constructed in Los Angeles throughout the last three years provides a more concrete understanding of the devastation. The city is renowned for its challenging construction environment. The post California Wildfires Cripple LA New Housing Supply appeared first on Appraisal Buzz.

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Construction Inventory Retail Real Estate 396

Appraisal Buzz

JANUARY 6, 2025

In the Lone Star State, housing construction has boomed in recent years, especially during the pandemic, when remote workers flocked to more affordable regions in the Sun Belt. The post Housing Affordability Stabilizes appeared first on Appraisal Buzz. That was the biggest improvement in affordability among the 50 most populous U.S.

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