Housing Wire

JANUARY 27, 2025

In many markets, there was simply more new home inventory and some buyers who might have wanted to purchase an existing home were instead looking at new construction, said Bright MLS Chief Economist Lisa Sturtevant in a statement. Available new-home inventory is on a firm upward trajectory.

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Inventory Buyers Housing Market Construction 476

Appraisal Buzz

DECEMBER 10, 2024

With mortgage rates likely to ease only modestly next year, these marketsoffering relatively lower-priced homes, more new and existing houses to choose from, and mortgage products designed to give buyers a leg upcould provide some would-be buyers a better chance at entering the market next year. of income and a cost of living 11.5%

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Housing Wire

NOVEMBER 4, 2024

As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. The available inventory of existing homes rose by 22% year over year in Q3 2034. New construction inventory has grown in recent months. million units.

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Marketing Inventory Construction Realtors 370

Housing Wire

OCTOBER 15, 2024

With high prices and still stiff competition, those looking to buy a home in today’s real estate market need to consider every opportunity, including the choice between new construction or a resale home. It can be tough for a buyer to choose when faced with the allure of a brand-new build or the charm and affordability of an older home.

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Appraisal Buzz

NOVEMBER 25, 2024

More inventory should shake loose in 2025, giving buyers a bit more room to breathe. 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.” Many are also viewing renting as a longer-term lifestyle.

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Housing Market Marketing Buyers Construction 365

Housing Wire

AUGUST 18, 2020

New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% Homebuilders have supported sales by drawing down existing inventories of homes previously started. The post New home construction shoots up 22.6% Census Bureau.

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Housing Wire

JUNE 6, 2023

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. Inventory remains exceptionally low and is restraining sales activity in much of the District.

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Real Estate Inventory Construction New Listings 459

Housing Wire

APRIL 2, 2021

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints. Labor Department.

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Inventory Construction Housing Market Business 514

Appraisal Buzz

OCTOBER 18, 2024

Department of Housing & Urban Development (HUD) have announced new residential construction statistics for September 2024. The housing market remains structurally underbuilt, and homeowners with locked-in low mortgage rates are keeping existing-home inventory limited. Census Bureau and the U.S. home value is $359,892, up 2.7%

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Housing Wire

JANUARY 22, 2025

While stubbornly high mortgage rates are keeping a lid on buyer demand and home value growth, and a response from builders has kept multifamily rent growth stable for many months, rents for detached single-family homes continue to accelerate. An ongoing lack of supply of homes for sale is also fueling demand for rental units, Zillow reported.

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Inventory Home Value Housing Market Buyers 448

Housing Wire

MAY 28, 2024

It’s the end of May and unsold inventory on the market is increasing across the U.S. Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing.

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Housing Wire

SEPTEMBER 26, 2023

“Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said. At the current sales rate, this represents a supply of 7.8

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Inventory Buyers Construction Sellers 511

Housing Wire

MARCH 23, 2023

If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 The builders will pull back on construction when the supply is 6.5

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Inventory Housing Market Construction Marketing 545

Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” There is no doubt that buyers will experience several highs and lows during the course of the year. Zillow predicts 4.3

Housing Market 396

Housing Market Tenants Marketing Mortgage 396

Appraisal Buzz

OCTOBER 30, 2024

Jones explained that pending home sales, also known as contract signings, measure the first official stage of a home sale transaction—when a buyer and seller have reached an agreement on terms and price. Further gains are expected if the economy continues to add jobs, inventory levels grow, and mortgage rates hold steady.”

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Contracts Buyers Inventory Mortgage 418

Housing Wire

JULY 22, 2021

You can thank a rise in housing inventory for the gains. million in June 2020 as housing inventory has slowly improved in recent months. Total housing inventory at the end of June amounted to 1.25 from May’s inventory and down 18.8% ” Unsold housing inventory sits at a 2.6-month Sales climbed 22.9%

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Inventory Buyers Realtors Construction 508

Housing Wire

JANUARY 17, 2024

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. High mortgage rates and home prices quelled the surge in buyer demand, and time seems to have moderated the supply chain shocks.

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Housing Wire

AUGUST 29, 2024

Unsold inventory of homes on the market has been climbing in the U.S. In general, inventory rises with rates because more expensive money slows demand. When demand slows, inventory grows. Inventory is climbing but it’s still pretty restricted. And importantly, inventory isn’t growing everywhere equally.

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Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. How can housing inventory be so low today when it skyrocketed back in 2009? As you can see below, the inventory keeps falling from 2014 levels, and even with the weakness in demand this year, we are nowhere close to 2013 levels, let alone 2018 levels. What is going on here?

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Inventory Housing Market Construction Marketing 526

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said.

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Inventory Housing Market Marketing Construction 448

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. months at the current sales rate.

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Inventory Construction Buyers Development 221

Appraisal Buzz

FEBRUARY 7, 2025

In the years since the COVID-19 pandemic, the Texas economy has boomed, especially in high-demand industries like technology, education, manufacturing and construction. Already-scarce housing inventory from years of under-building was flooded with cash offers, and listing prices and rents soared. of national inventory.

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Inventory Construction Buyers Real Estate 300

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. This data also provides information regarding the types of loans used by new home buyers.

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Mortgage Buyers Contracts Construction 370

Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S.

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Construction Housing Market Inventory Buyers 488

Housing Wire

JANUARY 3, 2024

Housing experts expect that a boost in apartment inventory in 2024 will dampen rent growth. About 900,000 units are currently under construction , and 440,000 new units are expected to be completed in 2024, according to the report. Construction completions have already peaked in Chicago, Washington, D.C. and Las Vegas.

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Inventory Construction Property Management Real Estate 482

Housing Wire

MARCH 24, 2025

With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle. Traditionally, home sellers were also buyers, which kept the market moving.

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Technology Inventory Loan Officers Housing Market 367

Housing Wire

AUGUST 14, 2024

If homes are priced appropriately and marketed well, buyers will make offers. The buyer] got a deal,” Weinstein said of the $600,000 purchase price. This has taken power away from sellers, who now face a shortage of potential buyers. The buyers who are in the market are shopping for the usual reasons.

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Buyers Housing Market Marketing Sellers 468

Housing Wire

MAY 10, 2022

The relative pressure of supply vs. demand in the housing market is gauged by the level of active inventory. Like dropping barometric pressure, plunging inventory usually foretells stormy conditions: Faster price growth and faster sales. The post When will housing inventory recover? appeared first on HousingWire.

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Inventory Housing Market Construction Sellers 418

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Inventory rising, historically low.

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Inventory Marketing Mortgage Supply Chain 418

Housing Wire

JUNE 3, 2022

After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. The post Residential construction jobs now 7.6%

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Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We being outbound. “We

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Inventory Housing Market Marketing Real Estate 435

Housing Wire

FEBRUARY 29, 2024

This has the potential to add even more economic pressure for prospective buyers looking for homes in these parts of the country, the analysis stated. Fewer homes under construction and falling permits mean dwindling options for future buyers, adding more pressure to a market already strained by tight supply,” Point2 said.

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Inventory Supply Chain Construction Buyers 468

Housing Wire

MAY 17, 2023

Industry economists attribute the uptick in housing starts and builder confidence to the low level of existing home inventory. In April, the inventory of existing homes for sale totaled just 980,000, far lower than the long-term average of about 2.3 As a result, prospective buyers may turn to the new-home market. million homes.”

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Inventory Construction Development Housing Market 418

Housing Wire

JANUARY 19, 2023

“Housing starts fell again in December, but there are hopeful signs that builders will see a boost in buyer traffic in the coming months and new housing construction may have bottomed,” Lisa Sturtevant, BrightMLS’ chief economist, said in a statement. Builders still have a large backlog of single-family homes under construction.

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Inventory Construction Development Housing Market 418

Housing Wire

MAY 23, 2023

Demand for newly built homes has been strong amidst the historically low inventory of existing homes for sale ,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. However, experts note that the existing home inventory trough won’t last forever. In April, the sales pace of new homes rose 4.1%

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Inventory Construction Development Buyers 418

Housing Wire

NOVEMBER 10, 2022

With mortgage rates hovering around 7% and home prices still at record highs, buyers across America are calling off the house hunt and finding multifamily apartments. . Some of his would-be buyers are renting apartments until mortgage rates markedly improve. It could be a while. Department of Housing and Urban Development.

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Construction Supply Chain Buyers Development 482

Housing Wire

NOVEMBER 16, 2023

On the construction side, homebuilders as well as land developers found it hard to finance projects because of high short-term interest rates. On the consumer side, a large number of prospective buyers sat on the sidelines as housing affordability worsened. The gauge measuring traffic of prospective buyers declined to 21.

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Inventory Construction Housing Market Finance 488