Housing Wire

FEBRUARY 22, 2022

The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Explosive supply and labor costs are forcing long delays and leaving builders out of pocket, as the United States’ property fervor drives insatiable demand. . I had a roofer locked in six weeks in advance.

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Construction Supply Chain Contracts Business 401

Housing Wire

AUGUST 18, 2021

in July compared to the prior month, an indication that construction supply lines are still choked and near record-high home prices are shutting out scores of buyers. “There are now almost 690,000 single-family homes under construction – the largest number since 2007. Housing starts in the U.S. million units. .

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Supply Chain Construction Inventory Buyers 504

Housing Wire

JANUARY 6, 2022

In November 2021, the supply of homes for sale nationwide as a percentage of occupied residential inventory remained near historic lows at 1.19% — meaning only 119 in every 10,000 homes were for sale — much lower than the historical average of 2.5%. The majority of the supply of homes for sale come from existing homes, not new construction.

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Supply Chain Housing Market Construction Inventory 509

Housing Wire

NOVEMBER 16, 2021

Census data show an increasing share of new sales are for homes yet to be built or still under construction, and a shrinking share of completed homes,” Kan said. Housing demand remains strong, and buyers are making quick decisions in a still very competitive market.”. 2021, up 6.4% from the September pace of 843,000 units.

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Supply Chain Mortgage Construction Buyers 486

Housing Wire

FEBRUARY 13, 2024

Lower rates are likely to make homeownership accessible to more buyers and it should prompt some potential sellers who are locked in at a rate of 3% or less to list. In Birmingham, ERA King Real Estate agent Anna-Maria Ellison said that even without lower mortgage rates, she is seeing buyers return to the market. “It

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Construction Supply Chain Inventory Agents 368

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 402

Appraisal Buzz

APRIL 11, 2022

Here are some buyer relocation trends to watch out for in 2022’s hectic real estate market. Many millennial and Gen-Z first-time buyers look for second homes before investing in a full-time primary residence. Affordability remains an issue for younger buyers who haven’t yet saved enough money. More Second Home Purchases.

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Buyers Renovations Supply Chain Housing Market 370

Housing Wire

JULY 20, 2021

million in June, as construction companies broke ground on a greater number of both single-family and multifamily buildings last month. But crucial supply issues are preventing future builds from getting off the ground. Housing starts increased 6.3% to a rate of 1.64 Per the most recent study from the U.S.

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Supply Chain Construction Inventory Buyers 468

Appraisal Buzz

MAY 2, 2022

Construction Sites Will Stay on Schedule. construction sites. About $17 billion will be used to strengthen ports that have suffered due to inflation, improving the supply chain for building and construction. Since part of the issue is related to supply chain issues and consumer demand, there is some hope here.

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Real Estate Supply Chain Marketing Investing 435

Housing Wire

APRIL 28, 2022

builder confidence, housing starts, homebuilder, builder, lumber, construction costs. Auld said the homebuilder started construction on 24,800 homes this quarter and homes and inventory “increased 30% from a year ago with only 600 unsold completed homes across the nation. per diluted share.” That’s up from $2.53

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Housing Wire

SEPTEMBER 24, 2021

Still, new home sales remain high relative to levels since the housing market crash and show continued strong demand from buyers.” . month supply of new houses at the current sales rate, according to the report. Nearly 80% of homes sold in August were either under construction or yet to be built. This is a 74.3%

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Supply Chain Housing Market Construction Buyers 477

Housing Wire

MAY 17, 2021

The gauge charting traffic of prospective buyers fell one point, to 73. Policymakers must take note and find ways to increase production of domestic building materials — including umber and steel — and suspend tariffs on imports of construction materials.” ” High prices won’t be going away any time soon, either.

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Supply Chain Construction Inventory Housing Market 446

Housing Wire

OCTOBER 18, 2021

The report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes. Policymakers must focus on fixing the broken supply chain.

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Supply Chain Inventory Buyers Housing Market 510

Housing Wire

MARCH 23, 2022

“This transaction volume is taking place against a backdrop of continuous supply chain and labor disruptions.”. months supply. Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. This is an increase of 3.3% after a 10.4% drop in January. . after a 10.4% drop in January.

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Supply Chain Housing Market Buyers Construction 354

Eyes on Housing

JUNE 7, 2022

Following the aftermath of COVID-19, home buyer preferences for the suburbs have eased. Supply-chain challenges and unfavorable economic conditions have reduced the pace of single-family residential construction across all regional submarkets. Read More ›

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Supply Chain Construction Buyers Development 174

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. “Buyers are still lining up a feverish pace,” Yun said. “Buyers are still lining up a feverish pace,” Yun said.

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Supply Chain Inventory Buyers Realtors 448

Housing Wire

FEBRUARY 18, 2022

months of supply; a healthy market generally has between four and six months of supply. Buyers were likely anticipating further rate increases and locking in at the low rates, and investors added to overall demand with all-cash offers,” said Lawrence Yun, NAR’s chief economist. . That translates to just 1.6

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Supply Chain Inventory Buyers Contracts 435

Housing Wire

FEBRUARY 2, 2022

On the other hand, they will not have the materials, labor, or efficient supply chain processes to meet that demand. For Pulte Group, buyers paid an average price of $463,000, up 11% from the year before. The homebuilder’s trade group continues to refer the supply chain as a “crisis.”. Horton and Lennar are no.

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Supply Chain Investors Construction Buyers 286

Housing Wire

MAY 25, 2021

Home price data is consistent with the hypothesis that COVID-19 has encouraged potential buyers to move from urban apartments to suburban homes,” Lazzara said. This demand may represent buyers who accelerated purchases that would have happened anyway over the next several years. increase and Seattle with a 18.3%.

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Supply Chain Inventory Buyers Construction 432

Housing Wire

JULY 25, 2022

Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”. Cleveland — Residential construction and real estate activity softened further amid rising interest rates. Supply chain disruptions and cost inflation moderated somewhat for new homes.

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Housing Market Marketing Supply Chain Real Estate 418

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. What are you expecting to see next year in terms of supply chain issues?

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Supply Chain Construction Inventory Finance 357

Housing Wire

SEPTEMBER 26, 2024

Rising construction costs : Supply chain issues and labor shortages have escalated building costs. Investor activity : Institutional investors purchasing single-family homes for rentals have reduced inventory for individual buyers. Flexible payment options : Features like “Pick-a-Pay” offer payment flexibility.

Mortgage 425

Mortgage Supply Chain Real Estate Investors 425

Housing Wire

MARCH 15, 2023

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. The existing home sales market is significantly bigger than new homes.)

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Supply Chain Inventory Loan Conditions Construction 337

Housing Wire

FEBRUARY 15, 2023

The NAHB/HMI report is based on a monthly survey of NAHB members, in which respondents are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. Builders are continuing to offer a variety of incentives.

Mortgage 389

Mortgage Supply Chain Housing Market Construction 389

Housing Wire

JULY 13, 2022

In January 2020, Carmel Ford of the NAHB Economics and Housing Policy Group published a special study titled Cost of Constructing a Home. Homebuilders were able to pass all rising costs on to homebuyers due to record low buyer borrowing costs. What is the impact of lumber relative to interest rates?

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Supply Chain Buyers Construction Finance 380

Housing Wire

FEBRUARY 9, 2023

Rising mortgage rates, supply chain disruptions, elevated construction costs and a lack of skilled workers and lots all contributed to a declining housing market and worsening affordability conditions going back to the second quarter of last year,” Alicia Huey, the NAHB chairwoman, said in a statement.

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Supply Chain Housing Market Marketing Mortgage 324

Housing Wire

JUNE 23, 2023

Some of the best performing stocks in America this year are from large, national homebuilders – strong consumer demand , limited competition from the existing home sales market , and an improving supply chain have boosted their outlooks. from April, and up 5.7% from May 2022, to 1.63 ”

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Supply Chain Construction Buyers Mortgage 344

Housing Wire

JULY 7, 2022

Slow construction and restrictive zoning laws. One of the major causes of low inventory has been due to slowed construction. Worker shortages and supply chain issues in the pandemic further widened the inventory gap. Median home prices have risen by 60% since 1980, while median family income has only risen by 25%.

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Inventory Marketing Mortgage Supply Chain 410

Appraisal Buzz

OCTOBER 26, 2021

Housing demand has held strong, as buyers continue to pay above asking prices in a market stifled by tight inventory and a deceleration in construction due to supply chain concerns. The post Annual Home Price Gains Remained High in August appeared first on theMReport.com.

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Supply Chain Construction Inventory Buyers 195

Housing Wire

FEBRUARY 16, 2023

With economic uncertainty and supply chain issues plaguing the industry, homebuilders pulled back last month. Homes were started at an estimated annual pace of 1.309 million in January, down 4.5% month over month , according to a report released Thursday by the U.S. Census Bureau and the U.S. Housing starts were down 21.4%

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Supply Chain Construction Inventory Development 319

Housing Wire

DECEMBER 20, 2022

This is the reason construction workers still have jobs, and that backlog needs to be finished; this is a positive outcome. The bigger story here is that if we want to see mortgage rates fall, we need more rental units, and right now we have a massive backlog of 2-unit homes under construction — over 900,000. When supply is 4.3

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Housing Market Marketing Construction Supply Chain 414

Housing Wire

SEPTEMBER 14, 2022

Rapidly rising interest rates and skyrocketing home prices pushed many would-be buyers out of the market and tanked the refinance market,” the MAXEX report states. Contacts attributed the decline in sales to rising mortgage rates, coupled with high price inflation that crimped buyers’ budgets.

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Construction Real Estate Inventory Supply Chain 366

Housing Wire

JUNE 2, 2022

How can high prices be sustained when a buyer’s buying power is stretched so thin? A data point that explains the resiliency of the housing market: the number of households forming vs. the number of homes constructed. Throw in rising rates and you get is ensuing panic. Recent bias is driving negative housing headlines.

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Housing Market Supply Chain Construction Clients 468

Housing Wire

FEBRUARY 3, 2022

A potential strategy for 2022 will likely depend on whether the market transitions to a purchase-heavy mortgage market, understanding why people buy homes and implementing an effective system to work with potential buyers. To achieve this difficult task, it will be important to understand what motivates buyers and how to help homebuyers.

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Housing Market Marketing Supply Chain Mortgage 433

Housing Wire

NOVEMBER 10, 2022

This is why I wrote about how we all need to root for housing completion data to get better so we get more supply into the marketplace. The best way to deal with housing inflation is more supply, and we have a lot of two-unit construction in the pipeline. Traditionally, mortgage rates below 4% boost housing demand.

Mortgage 537

Mortgage Supply Chain Housing Market Marketing 537

Housing Wire

DECEMBER 16, 2021

While the market has struggled with a lack of inventory in 2021 and builders have reported ongoing supply chain challenges, there are more than 700,000 homes under construction right now, and a growing inventory of new homes for sale. The inventory of existing homes remains quite tight at less than 2.5 The encouraging news?

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Marketing Mortgage Supply Chain Inventory 476

Appraisal Buzz

NOVEMBER 22, 2021

Still hampered by supply-chain concerns, home builders slowed their pace in October, with buyers continuing to absorb a 12.3% annual increase in construction costs. The post Apps for New Home Purchases Dip 15.2% YoY in October appeared first on theMReport.com. The post Apps for New Home Purchases Dip 15.2%

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Supply Chain Construction Buyers Appraisal 150