Housing Wire

JUNE 19, 2023

For the first time in nearly a year, homebuilder confidence moved into positive territory thanks to strong consumer demand , limited competition from the existing home sales market , and an improving supply chain. The gauge measuring traffic of prospective buyers increased four points to 37.

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Appraisal Buzz

JANUARY 17, 2022

The housing market boomed in 2021 like few could have expected. Of course, the construction industry has been facing some pressing challenges, including hitches in global and national supply chains. At the same time that thousands of buyers are entering the market, remote work is settling in for good.

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Housing Wire

JANUARY 6, 2022

The supply-demand imbalance fueling the housing market shows no signs of abating in 2022, even as homebuilders attempt to bridge the gap. An under-supplied market has strong implications for house prices, particularly during a time when prices seemingly set new records every month. Measuring the housing deficit.

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Supply Chain Housing Market Construction Inventory 511

Appraisal Buzz

APRIL 11, 2022

The housing market has been a roller coaster ride since COVID-19 began, and it hasn’t shown signs of stopping in 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.

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Buyers Renovations Supply Chain Housing Market 370

Housing Wire

DECEMBER 5, 2022

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In many ways it was similar to today, with one exception: When I started, I hadn’t been spoiled by a housing market like the one in 2020 and 2021. The housing market won’t be like this forever.

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Housing Market Marketing Supply Chain Mortgage 523

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%

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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. The market crunch affects borrowers with less money more acutely, economists said.

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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

OCTOBER 18, 2021

Homebuilder confidence continued to rise in October despite increasing affordability issues due to rising material prices and ongoing shortages, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report released on Monday. Policymakers must focus on fixing the broken supply chain.

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Supply Chain Inventory Buyers Housing Market 537

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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Housing Wire

MARCH 18, 2021

For the third consecutive week, mortgage rates pushed past 3% – with the average mortgage rate for a 30-year fixed loan up four basis points last week to 3.09%, according to Freddie Mac ’s Primary Mortgage Market Survey. Khater expects a 3% rate to sustain market interest for many potential buyers.

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Supply Chain Mortgage Buyers Inventory 535

Housing Wire

MAY 17, 2021

Homebuilder confidence remained unchanged in the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report , holding steady at 83 for newly built single-family homes in May. The gauge charting traffic of prospective buyers fell one point, to 73.

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Supply Chain Construction Inventory Housing Market 476

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. The improving job market is all to the positive.

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Marketing Mortgage Supply Chain Inventory 482

Housing Wire

APRIL 28, 2022

Horton , the nation’s largest homebuilder by gross revenue and total closings, this week released its second quarter earnings for the fiscal year, which executives deemed “outstanding,” despite ongoing supply chain challenges , “a very tight labor market ,” and the massive uptick in mortgage rates. Horton’s markets.

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Supply Chain Construction Inventory Marketing 370

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. This is clearly a positive sign given the remarkably low levels of inventory on the market.” Housing starts in the U.S. million units.

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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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Housing Wire

SEPTEMBER 24, 2021

“The housing market over the summer of 2021 appears to have settled at a level lower than the surge in the second half of 2020 into early 2021,” Ben Ayers, a senior economist at Nationwide , said in a statement. month supply of new houses at the current sales rate, according to the report. “The

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Supply Chain Housing Market Construction Buyers 482

Housing Wire

OCTOBER 8, 2024

As the housing market fluctuates, inventory levels are a critical factor for builders, developers and buyers. While low inventory might seem like a challenge, especially for buyers, it presents a unique opportunity for builders. In markets with low inventory and strong demand, the situation is different.

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Inventory Supply Chain Buyers Development 434

Housing Wire

MAY 12, 2022

“Homeowners continue to benefit from rising home prices,” Rick Sharga, executive vice president of market intelligence for ATTOM, said in a statement. Record levels of home equity provide financial security for millions of families, and minimize the chance of another housing market crash like the one we saw in 2008.

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Supply Chain Housing Market Market Value Buyers 482

Housing Wire

JUNE 19, 2023

For the first time in nearly a year, homebuilder confidence moved into positive territory thanks to strong consumer demand , limited competition from the existing home sales market , and an improving supply chain. The gauge measuring traffic of prospective buyers increased four points to 37.

Supply Chain 370

Supply Chain Development Inventory Buyers 370

Housing Wire

NOVEMBER 16, 2021

Housing demand remains strong, and buyers are making quick decisions in a still very competitive market.”. Kan also noted that homebuilders continue to face delays and challenges from “supply-chain bottlenecks and rising costs.”

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Supply Chain Mortgage Construction Buyers 501

Housing Wire

FEBRUARY 3, 2022

Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market. 5 predictions for the 2022 housing market. Here are 7 trends to watch in the 2022 appraisal market. The new 2022 houing market environment.

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Housing Market Marketing Supply Chain Mortgage 435

Housing Wire

OCTOBER 26, 2021

After 25 days on the market, there were no takers for the 1,400-square-foot home and Pellegrini counseled his client about potentially lowering the listing price. 18 press release that cited labor and supply chain constraints and said its home purchase program hit “operational capacity.” Antonio Pellegrini was stunned.

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Supply Chain Real Estate Real Estate Agent Clients 533

Housing Wire

DECEMBER 7, 2021

Instead, the New York Fed said it undertakes these smaller MBS transactions from time to time to test its “ operational readiness ” to implement “existing and potential policy directives” from the Federal Open Market Committee (FOMC). “[The] Nothing even close to that is happening now.”.

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Marketing Supply Chain Finance Tools 459

Housing Wire

APRIL 8, 2022

Fannie Mae ‘s Home Purchase Sentiment Index, which tracks the housing market and consumer confidence to sell or buy a home, dropped by 2.1 These concerns will likely diminish mortgage demand from move-up buyers, which in turn will translate into fewer available entry-level homes, Palim said. points to 73.2

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Supply Chain Housing Market Inventory Mortgage 448

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 9, 2023

Despite this, the NAHB is optimistic that the recent drop in mortgage rates over the past two months might signal that affordability conditions may have reached their low point for this cycle of the housing market. On the other end of the spectrum, Salinas, California was the least affordable small housing market, with just 5.0%

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Supply Chain Housing Market Marketing Mortgage 397

Housing Wire

SEPTEMBER 26, 2024

Today, escalating real estate costs—particularly in high-cost areas—are pricing millions of Americans out of the housing market. This could provide the financial flexibility needed to make homeownership achievable for those priced out of the current market. One potential solution?

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Mortgage Supply Chain Real Estate Investors 488

Housing Wire

DECEMBER 13, 2022

It is very good news for the housing market, which has suffered greatly from the affects of rate hikes over the last nine months. from a year ago, suggesting that supply-chain issues may be easing. Housing market observers are watching closely. Defying aggressive action from the Fed is the strong labor market. .”

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Housing Market Marketing Supply Chain Inventory 418

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

DECEMBER 20, 2022

However, due to the supply chain lag, it took too long to build homes over the last several years. The upside to that is that the builders have this backlog keeping construction workers employed and creating more supply to fight inflation next year. When supply is 4.3 When supply is 4.4

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Housing Market Marketing Construction Supply Chain 448

Housing Wire

JULY 20, 2021

It’s the third-highest number of housing starts builders have broken ground on in one month since May of 2006, a sign of strong buyer demand. “Construction activity could be even higher given a bit more long-term certainty and an easing of critical supply chain volatility,” Speakman said. ” Privately?owned

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Supply Chain Construction Inventory Buyers 468

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 435

Housing Wire

MARCH 15, 2023

Despite the volatile mortgage rate environment and overall economic uncertainty, homebuilder confidence slowly continues to rise, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. The existing home sales market is significantly bigger than new homes.)

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Housing Wire

MARCH 28, 2022

Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market. Logan Mohtashami: Rising rates make housing less affordable, so for a first-time home buyer that doesn’t have the benefit of selling their home with that nested equity, it makes it harder for them.

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Housing Market Marketing Supply Chain Inventory 370

Housing Wire

MARCH 22, 2021

National Association of Home Builders Chairman Chuck Fowke noted that supply shortages and high demand have caused lumber prices to jump “about 200%” since April 2020, adding approximately $24,000 to the price of a new home. Demand has yet to be contained as the market is still outperforming pre-pandemic levels with sales 9.1%

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Supply Chain Inventory Realtors Housing Market 448

Housing Wire

JULY 13, 2022

Homebuilders were able to pass all rising costs on to homebuyers due to record low buyer borrowing costs. As borrowing power of the buyer decreases, home demand decreases, lumber demand decreases relative to supply, and lumber prices drop. Lumber never leads, it always follows.

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Supply Chain Buyers Construction Mortgage 435