Appraisal Buzz

JANUARY 17, 2022

Of course, the construction industry has been facing some pressing challenges, including hitches in global and national supply chains. Several real estate experts have identified this as a key aspect of the housing boom, with no signs of dissipating in 2022. Supply Prices May Begin to Drop.

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Housing Wire

APRIL 20, 2022

Bonnie Williamson never intended to be a real estate agent. As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 Gault and Wexler both came from real estate families and have been in the industry for over 20 years.

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Housing Wire

JANUARY 17, 2024

However, as mortgage rates hit multi-decade highs , cooling demand and shrinking the pool of qualified buyers for new homes, homebuilders slowed their pace of construction, which settled at a plateau that is still well above pre-pandemic levels. ” However, Basu notes supply chains are already facing new pressures in 2024.

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Construction Supply Chain Transportation Buyers 441

Housing Wire

JUNE 23, 2021

Related supply chain issues have resulted in a big jump in the price of a new home over the past year. “Policymakers must take action to improve supply-chains in order to protect housing affordability.” According to Dietz, entry-level buyers are the demographic most affected by higher prices.

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Supply Chain Construction Buyers Development 450

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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Supply Chain Development Inventory Buyers 468

Housing Wire

JANUARY 6, 2022

Homebuilders responded to the shortage of homes for sale, accelerating new home construction, even as they face severe supply-side challenges, including rising building material costs and supply-chain bottlenecks, a lack of affordable lots, and difficulty in finding skilled labor. You can’t buy what’s not for sale.

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Supply Chain Housing Market Construction Inventory 509

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. ” Contract signings on new homes increased 13.1%

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Supply Chain Inventory Buyers Realtors 448

Housing Wire

JULY 25, 2022

“We calculate that over 80% of metro areas are meaningfully overvalued,” Zandi said during the Recursion webinar. “… First-time homebuyers are locked out because they just simply can’t afford to buy … and trade-up buyers are locked in [with interest rates well below current market levels]. “So, Inventories are rising across the country.

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Housing Market Marketing Supply Chain Real Estate 418

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. The pace of construction should continue to increase, particularly if supply-chain constraints begin to loosen,” he said. Housing starts in the U.S.

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Supply Chain Construction Inventory Buyers 504

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.

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Supply Chain Housing Market Buyers Construction 354

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. Rising construction costs : Supply chain issues and labor shortages have escalated building costs. Darrin Seppinni is a mortgage professional, author and California Real Estate Broker.

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Mortgage Supply Chain Real Estate Investors 425

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. The number of new houses for sale in August 2021 (378,000) represents a 6.1 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. Some builders are slowing sales to manage their own supply chains, which means growing affordability challenges for a market in critical need of more inventory.”.

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Supply Chain Construction Inventory Housing Market 446

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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Supply Chain Development Inventory Buyers 364

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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Housing Wire

MAY 12, 2022

But these higher home prices and rising interest rates make it extremely challenging for first time buyers to enter the market.”. Market analysts say a glut of home buyers chasing a historically tight supply of properties also brought up prices even higher. In the first quarter of 2022, just 3.2%

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Supply Chain Housing Market Market Value Buyers 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. billion to $36.1

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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

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

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.

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Supply Chain Construction Inventory Buyers 468

Housing Wire

SEPTEMBER 6, 2023

Portals: These destinations become marketplaces that integrate the supply chain and allow consumers and their advisors to choose and close within minutes – not months. Real estate and mortgage brokers will be marginalized as friction is removed. Brokers : Digitization puts middlemen in every industry at risk.

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Supply Chain Real Estate Technology Mortgage 353

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

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. However, in markets where demand remains strong, low inventory can drive more urgency among buyers.

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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.

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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. Fannie Mae on how to make housing more affordable.

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Supply Chain Inventory Realtors Housing Market 448

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

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. Boston — Higher interest rates cooled home-buying demand, leading to fewer closed sales in the First District’s residential real estate markets.

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Construction Real Estate Inventory Supply Chain 366

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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Housing Wire

DECEMBER 5, 2022

It boxed out many first-time homebuyers who found themselves unable to compete against buyers willing to place a non-contingent offer above full price. Supply chain shortages, many of which remain still today, meant that everything from new cars to basic random length lumber costs skyrocketed.

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Housing Market Marketing Supply Chain Mortgage 523

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 Finance 380

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

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

JANUARY 12, 2024

The value of all residential real estate worldwide is approximately $200 trillion. There are hundreds of companies that help with various parts of the transaction and process “supply chain,” from search and valuation to closing, from appraisal to title, from targeting to closing. Of this, the U.S. exceeds $1.5

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Supply Chain Finance Development Modernization 362

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.

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Construction Supply Chain Buyers Development 423

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

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.

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Mortgage Supply Chain Housing Market Construction 389