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 472

Supply Chain Development Inventory Buyers 472

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.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

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.

Supply Chain 510

Supply Chain Housing Market Construction Inventory 510

Housing Wire

NOVEMBER 7, 2024

Now, soaring premiums demand more careful review and sticker shock is prompting buyers to walk away from deals, especially in states like Florida and Texas. Thompson noted that this issue began with pandemic-fueled supply chain delays. Supply chain issues have stretched insurance carriers thin.

Insurance 469

Insurance Supply Chain Real Estate Design 469

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.

Supply Chain 504

Supply Chain Construction Inventory Buyers 504

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.

Supply Chain 366

Supply Chain Housing Market Buyers Construction 366

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.

Supply Chain 519

Supply Chain Inventory Buyers Housing Market 519

Appraisal Buzz

MAY 2, 2022

About $17 billion will be used to strengthen ports that have suffered due to inflation, improving the supply chain for building and construction. As energy efficiency becomes a more visible data point, it’s likely that this will become a marketing point for eco-conscious renters and buyers. construction sites.

Real Estate 435

Real Estate Supply Chain Marketing Investing 435

Housing Wire

MARCH 18, 2021

Khater expects a 3% rate to sustain market interest for many potential buyers. Though builders continue to see strong buyer traffic, recent increases for material costs and delivery times, particularly for softwood lumber, have depressed builder sentiment this month. Increased inventory was the initial hope. .

Supply Chain 535

Supply Chain Mortgage Buyers Inventory 535

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.”

Supply Chain 492

Supply Chain Mortgage Construction Buyers 492

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.

Inventory 415

Inventory Supply Chain Construction Buyers 415

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.”.

Supply Chain 455

Supply Chain Construction Inventory Housing Market 455

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%

Supply Chain 480

Supply Chain Housing Market Construction Buyers 480

Housing Wire

OCTOBER 26, 2021

18 press release that cited labor and supply chain constraints and said its home purchase program hit “operational capacity.” “With one of only a few companies that provide an iBuying offering halting business, it does present an opportunity to us as customer demand for streamlined, on-demand real estate solutions remain high.”.

Supply Chain 531

Supply Chain Real Estate Real Estate Agent Clients 531

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 367

Supply Chain Development Inventory Buyers 367

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.

Supply Chain 299

Supply Chain Investors Construction Buyers 299

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

Supply Chain 345

Supply Chain Construction Inventory Marketing 345

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%

Supply Chain 482

Supply Chain Housing Market Market Value Buyers 482

Housing Wire

APRIL 8, 2022

These concerns will likely diminish mortgage demand from move-up buyers, which in turn will translate into fewer available entry-level homes, Palim said. Consumers expect their financial situations to worsen over the next year. Respondents worried about job losses increased 2 percentage points to 11% in March from February. “If

Supply Chain 448

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.

Supply Chain 448

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

Supply Chain 435

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.

Supply Chain 468

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%.

Supply Chain 434

Supply Chain Inventory Buyers Construction 434

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. Demographic shifts : Millennials, now reaching prime home-buying age, have increased demand.

Mortgage 438

Mortgage Supply Chain Real Estate Investors 438

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.

Inventory 348

Inventory Supply Chain Buyers Development 348

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, Home prices were largely flat.

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

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.

Supply Chain 448

Supply Chain Inventory Realtors Housing Market 448

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.

Supply Chain 337

Supply Chain Housing Market Marketing Mortgage 337

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. Audience assets will be valued based on transaction volumes and bundles of listings, lending, loan sales and servicing and trading content.

Supply Chain 360

Supply Chain Real Estate Technology Mortgage 360

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.

Supply Chain 392

Supply Chain Buyers Construction Finance 392

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.)

Supply Chain 350

Supply Chain Inventory Loan Conditions Construction 350

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?

Supply Chain 368

Supply Chain Construction Inventory Finance 368

Housing Wire

APRIL 7, 2022

Purchase mortgage rates have risen faster in the last three months than at any time since May 1994, climbing ever closer to the 5% mark due to a combination of rising inflation , the war in Ukraine, and disruptions to the supply chain. And bad news for homebuyers: there’s no sign that they’ll fall anytime soon.

Mortgage 394

Mortgage Supply Chain Inventory Investors 394

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 ›

Supply Chain 173

Supply Chain Construction Buyers Development 173

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.

Construction 435

Construction Supply Chain Buyers Development 435

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.

Supply Chain 195

Supply Chain Construction Inventory Buyers 195

Eyes on Housing

JANUARY 20, 2022

However, supply has continued to lag due to ongoing supply-chain disruptions and inventory fell to lowest level since January 1999, keeping home prices elevated and pricing out first-time and young buyers. Total existing home. Read More ›

Supply Chain 197

Supply Chain Realtors Inventory Buyers 197