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One key data line that is flagging a path to recession is the loss of residential construction workers. A while back, HousingWire Editor in Chief Sarah Wheeler and I discussed the risk of recession due to a lack of construction labor. Let’s look at today’s residential construction report and see where we are. From the U.S.
The median list price of homes in the US is $435,000; the median price of newlistings is $435,900. Homebuyers found photos to be the most valuable feature found on a listing website (66%). There are about 790,000 multi-unit properties under construction as of December 2024. 10% of properties have been relisted.
Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. Our tracker articles have a lot more details about the current weekly market and we publish those each Saturday. from December 2022 ($366,500).
Active housing inventory grew while newlisting data fell. Newlistings data is another big story with housing inventory. Since the second half of 2022, it has been trending at all-time lows This trend has continued all year long, so we have limited new housing to work with.
Since that article, mortgage rates did fall from 7.37% to 6.12%, then went back up to 6.54%. However, weeks after that call, the newlisting data started to decline noticeably, which makes that call much harder to happen in 2023. months on a three-month average and new home sales are growing. million in 2023. We are at 8.6
In this article, weve compiled 49 compelling real estate newsletter ideas and subject lines. For buyers, you may want to link to newlistings that fit their must-haves. So, where do you start? Use snippets from your longer content (like blogs) for your newsletter and include links to direct your audience back to your website.
“Higher mortgage rates will end double-digit price growth and newlistings will hit a 10-year high,” predicts Redfin. ” Read the full forecast to learn about Redfin’s predictions regarding mortgage rates, supply and demand, newconstruction, home price growth, and more.
.” “While the term ‘Renaissance’ accurately describes Real Estate Webmasters’ new website platform, it also defines Carey himself, whose life epitomizes rebirth and reinvention.” Read the full article here. Industry News. Read the full article here. Read the full article here.
Whether you’re searching for forms for construction , property management, home services, buying, or selling, we’re here to help. For an in-depth walkthrough of setting up auto-fill Database fields, check out our Help article. We at GoFormz are dedicated to making your life easier.
The picture was somewhat similar for single-family homes as a stand-alone category, with newlistings up 38% (1845) and sales 41% (1064) stronger month-to-month, but the YoY numbers were more telling, up 31% and down 4.2%, respectively. Because new home construction hasn’t kept up. As more people join the U.S.
Have you ever gotten a newlisting, took one look and started scratching your head and asking yourself how you are going to describe this to prospective clients? The web offers some great resources to both educate yourself on architectural styles and help make a decision once you start completing the listing form on the MLS.
Have you ever gotten a newlisting, took one look and started scratching your head and asking yourself how you are going to describe this to prospective clients? The web offers some great resources to both educate yourself on architectural styles and help make a decision once you start completing the listing form on the MLS.
This marks the introduction of a new feature. The article will include the latest monthly data from the Northwest Multiple Listing Service, analysis from national and local experts and a glimpse ahead at what to expect in the coming weeks. The bar is so low on listings and sales data that one might trip over it.
Very good lists of the factors. We are seeing more newlistings across the country, and it’s something we’re also seeing locally. Listings have increased much more in portions of Texas and Florida especially, so it’s important to recognize the trend isn’t the same in everywhere. Why do you want to know about this topic?
Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months.” Pending sales are one of our favorite housing market data points – along with the number of mortgage applications and newlistings – to track buyer intent and market intensity.
Our urban area accounts for about half of the city’s economic activity, and the Seattle Chamber noted that rising office vacancies coupled with less construction could lead to $2B in decreased revenue. We certainly see that in all forms of residential real estate – from newconstruction to finding items for the home.
In this article, we will recap what exactly happened to the real estate market in Texas last year and discuss some predictions for the rest of this year. 5) Newconstruction in Texas surged in 2023 Three major Texas metro areas made the top 10 list of highest new home construction rates in the nation.
Whether it was cutting red tape and construction costs or ensuring our cities allow more affordable options near transit and jobs, these bills, working together, mean more homes, at more affordable prices, in communities all across our state.” The home was constructed for olive-oil importer John Vittucci. This 5-bed, 4-bath , 6500 sq.
BY THE NUMBERS >> Seattle metro leads the nation with construction cranes – 45 – according to a Q3 summary from the RLB Crane Index. That includes 36 new cranes since the previous report, and it is more than larger U.S. That includes 36 new cranes since the previous report, and it is more than larger U.S. In case you missed it….
Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. Newlistings and housing supply are on the rise as buyer activity took a dive in September, based on the latest assessment of data from the Northwest Multiple Listing Service. List: $2.9M ($853/sq.
Agents are trained to generate leads wherever possible to pick up newlistings. For Sale By Owner sellers are at the top of the list of targets. Active and pending listings are fine to look at, but until you know what the home has actually SOLD for, you shouldn’t be factoring them into a market analysis.
While the words from the article tell a compelling story on their one, the visuals add the needed icing on the cake: BY THE NUMBERS. Now, home builders would need to construct as many as 1.2 This was the fastest pace for combined single-family and multi-family construction since June 2006. Homes of about 800 sq. million units.
With record-low inventory nationwide, real estate agents seem to be hearing the same thing day in and day out: “I’d list my home, but where would I move?” For most agents, that’s the end of the conversation, ending the possibility of taking a newlisting as well as facilitating the buyer side. Next, the house is new.
As we enter jobs week, I wrote about the significance of labor data for mortgage rates in 2025 and highlighted which data points deserve more attention in this article. Mortgage spreads If mortgage spreads did not improve in 2024, we would have already lost some construction workers due to rising rates. Weekly inventory change (Dec.
The wild card here is that housing starts and permits are already at recessionary levels and higher rates can impact construction workers, which has other effects, as I discussed here. Here are the newlistings for last week. Check out all of our weekly Housing Market Tracker articles here. Weekly inventory change (Jan.
The main quote that I pulled from this article is,Trump’s proposed tax cuts and deregulation could stimulate economic growth, potentially boosting housing demand. Is it construction? Sophie: 7:57: So my second point is that the headline actually changed, sometimes headlines change to better align with the content of the article.
Immigration policies may impact labor availability, a critical factor given the construction workforce’s reliance on immigrants. PERSISTENT BUILDING CHALLENGES There are roughly 1M fewer workers in construction trades than during the 2007 housing boom, just before the Great Recession. to get ahead of the competition.
In this article, I’ll give you an update on the latest weekly housing data but also address what President Trump can or cant do for housing in these specific areas. Last year, I anticipated we would reach a minimum of 80,000 newlistings during the seasonal peak weeks, but that did not happen; I was off by roughly 5,000.
To read more, Click Here My comments: Worth reading the article. This article helps appraisers understand the difficulties in selling unique homes. In fact, we had about 3,500 more newlistings than 2023 in the region. But the wild part is we were still missing over 11,500 newlistings from the pre-2020 normal level.
Weekly housing inventory data Two weeks ago, housing inventory fell a bit more than I anticipated and so did the newlistings data. I assumed that maybe the election held some people back from listing their homes. Even so, it’s nice to see this data line continue to show growth year over year. Weekly inventory change (Nov.
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