Appraisal Buzz

MARCH 25, 2025

Although recent improvements in construction demonstrate progress, they also underscore the pressing need for decisive legislative action. Household formations were surpassed by new construction activity for the first time since 2016. This was primarily due to a slowdown in multi-family construction. However, there is still a 3.8

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Construction Inventory Development Law 195

Housing Wire

DECEMBER 23, 2024

This situation poses a risk to construction labor in 2025. Is 2025 the first year we start losing residential construction jobs? Earlier this year, mortgage rates were trending at 7.50%; during that time, we received one negative monthly residential construction labor report. This issue extends beyond just housing.

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Construction Inventory Mortgage Development 525

Housing Wire

JULY 19, 2024

“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” This could make the overall cost to entry — which is already low — more digestible.

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Construction Finance Development Marketing 488

Housing Wire

DECEMBER 18, 2024

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. However, despite these challenges, we have not lost our labor pool of construction workers. They say housing leads the economy in and out of a recession.

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Construction Modernization Mortgage Housing Market 508

Housing Wire

APRIL 26, 2024

Department of Agriculture (USDA) have settled on new energy-efficiency standards for the construction of new single-family and multifamily homes. The “Adoption of Energy Efficiency Standards for New Construction of HUD- and USDA-Financed Housing” was published on Friday in the Federal Register, and will go into effect on May 28.

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Construction Law Development Finance 501

Housing Wire

JANUARY 27, 2025

Additionally, there are 268,000 homes currently under construction. Furthermore, there remains a record high of 108,000 homes that builders have not yet started constructing, all while mortgage rates remain above 7%. Rates below 6% could lead to increased housing construction and more permits being issued. Could things improve?

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Construction Inventory Mortgage Development 469

Housing Wire

OCTOBER 18, 2024

The number of housing units that came online in September showed a big year-over-year jump, but data on earlier stages of construction suggest not much is coming through the pipeline. That’s according to monthly data on new residential construction from the U.S. But housing completions rose 14.6% compared to September 2023.

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Construction Government Mortgage Housing Market 458

Housing Wire

JULY 19, 2024

Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We The company has an in-house construction servicing and valuation team “to ensure best-in-class customer experiences and comprehensive portfolio monitoring,“ according to its announcement. “We

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Construction Development Finance Lending 459

Housing Wire

MARCH 18, 2025

Todays new construction report from the Census Bureau showed month-to-month growth in housing starts, but falling housing permits. However, employment for residential construction workers hasnt fallen at all, even with the decline in housing starts and permits. Why haven’t the homebuilders started doing layoffs?

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Construction Inventory Housing Market Mortgage 382

Housing Wire

NOVEMBER 19, 2024

A lower Fed funds rate can assist with land purchases and apartment construction, but that process would take considerable time before we see any development. The key takeaway from today’s housing data is that there simply isn’t enough demand to justify additional construction — at least as far as the builders are concerned.

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Construction Mortgage Development Buyers 539

Appraisal Buzz

NOVEMBER 1, 2024

According to a new Redfin research, in Q3 of this year, an estimated 28% of single-family homes for sale nationwide were newly constructed, the lowest percentage in three years. Census reports that in September 2024, sales of newly constructed single-family houses increased 6.3% Overall construction has slowed. a year ago.

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Construction Inventory Real Estate Agent Agents 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. Census Bureau, the median sale price of a new construction home in March 2024 was $430,700.

Construction 487

Construction Buyers Agents Marketing 487

Housing Wire

JULY 17, 2024

Higher mortgage rates have increased recession risk by targeting the one sector that always falls before every recession: residential construction workers. Housing completion data is picking up and the faster the builders finish their historic backlog of homes, the sooner construction workers are unemployed. This is 10.1 percent (±10.6

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Construction Mortgage Housing Market Marketing 506

Housing Wire

JANUARY 9, 2025

Bruce Harrell Last year, Harrell introduced a bold plan that would aim to double the citys zoning capacity, which City Hall said could lead to the construction of 80,000 additional homes by 2044. He is also looking to create 30 neighborhood centers that could allow for the construction of five-story apartment complexes.

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Construction Law Design Development 444

Housing Wire

JANUARY 16, 2025

Using growth indicators that measure upcoming construction and development, southern metros take eight spots in the top 10 list. in new construction, 7.2% The fires are also projected to slow construction growth as the area starts the rebuilding process. The top three metros are Lakeland, Florida. Lakeland measured 4.6%

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Housing Market Marketing Construction Development 370

Housing Wire

OCTOBER 25, 2024

Davis also highlights Deephaven’s edge in products like their Ground-Up Construction and Fix-and-Flip products, offering originators essential tools and training. HW : We’re seeing an uptick in ground-up construction. Ground-up construction growth will be high to meet the population growth and meet the demand due to limited inventory.

Investors 448

Investors Construction Training Realtors 448

Housing Wire

OCTOBER 24, 2024

We had no growth in residential construction work hiring earlier in the year when rates were higher. I recently raised this concern about housing construction and new home sales in an interview on CNBC. Today’s report shows that 258,000 homes are under construction, which amounts to 4.2 Then mortgage rates fell from 7.5%

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Construction Property Taxes Inventory Mortgage 488

Housing Wire

OCTOBER 21, 2024

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. The construction figure in Florida far exceeds the next most prominent states. million built in total in that period, the First Street analysis found.”

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Insurance Real Estate Agent Construction Development 497

Housing Wire

JANUARY 16, 2025

” Residential construction workers are at risk of facing job losses for the first time in this recovery yet the Fed often takes a hawkish stance in its statements at key points, which tends to drive mortgage rates higher. It’s not falling.”

Mortgage 511

Mortgage Construction Marketing Government 511

Housing Wire

MARCH 10, 2025

This was driven by an increase in both single-family and multifamily construction. Importantly, new construction activity outpaced household formations for the first time since 2016. .” The company’s analysis found that in 2024, home completions grew to 1.6 million, the highest level in nearly two decades.

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Construction Inventory Housing Market Marketing 336

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters.

Construction 535

Construction Renovations Insurance Landlords 535

Appraisal Buzz

DECEMBER 5, 2024

While immigrants add to housing demand, they also play a crucial role in expanding housing supply due to their significant presence in the construction industry. In 2023, immigrants made up 34% of workers in construction trades, a notable figure compared to their 18% share of the overall workforce. As the U.S.

Construction 418

Construction Housing Market Marketing Buyers 418

Housing Wire

JULY 22, 2024

HUD encourages existing CoCs to use awarded funds for construction, acquisition or rehabilitation of additional PSH units with other funding sources, so that the amount of housing can be “maximized” to “meet the needs of individuals and families experiencing homelessness,” HUD said.

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Construction Renovations Design Development 460

Housing Wire

JANUARY 10, 2025

The construction sector showed little month-over-month change, adding just 8,000 jobs. Residential building construction added 3,500 jobs from November, while residential specialty trade contractors added just 500 positions.

Construction 394

Construction Housing Market Retail Real Estate 394

Appraisal Buzz

DECEMBER 11, 2024

Renters in areas where construction has boomed are in a sweet spot right now. As construction starts to slow, rents will eventually tick back up, but 2025 is shaping up as a renters market with potential for the affordability gap between buying and renting to widen. at 9.4%; and Providence, Rhode Island at 9.3%.

Construction 386

Construction Appraisal Marketing 386

Appraisal Buzz

JANUARY 15, 2025

Homes like condos, townhouses and new construction single family homes in neighborhoods with ample amenities are more likely to have an HOA fee. of newly constructed homes listed on Realtor.com had a monthly homeowners association dues, compared to 37.1% In 2024, 69.9% of pre-existing properties. In 2024, only 33.6% of condos for sale.

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HOA Construction Insurance Buyers 397

Housing Wire

NOVEMBER 29, 2024

New-home construction in the U.S. StorageCafe describes this discrepancy as the “missing middle,” and analysts blame zoning laws and rising construction costs. has focused on single-family and multifamily inventory growth to boost supply and affordability. One Texas city has something to say about that.

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Inventory Construction Law Development 395

Appraisal Buzz

DECEMBER 18, 2024

By comparison, retail construction has slowed dramatically, averaging just 41-million square feet annually in recent years due to the rise of e-commerce. Residential Real Estate and Housing Shortages The construction of single-family homes peaked in the early 2000s with around 1.3 Despite this recovery, the U.S.

Real Estate 368

Real Estate Development Logistics Retail 368

Housing Wire

MARCH 7, 2025

economy can withstand job losses in the government sector, reduced spending in the economy, and a housing market on the brink of losing residential construction projects. This leads us back to the private sector and residential construction jobs. In the coming months, we will see if the U.S.

Marketing 373

Marketing Mortgage Government Construction 373

Eyes on Housing

FEBRUARY 20, 2025

Single-family built-for-rent construction posted year-over-year declines for the fourth quarter of 2024, as a higher cost of financing crowded out development activity. This slowdown is similar to the deceleration of multifamily construction in recent quarters.

Construction 158

Construction Design Finance Development 158

Housing Wire

MARCH 7, 2025

I think that we’ve underbuilt for 13 years in this country and in this state, so definitely, new construction is in order, she said. I’m just concerned about the price of new construction when we rely so much on imported goods for building these homes. That would definitely help with the sale pricing of new construction.

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Housing Market Marketing Inventory Construction 362

Housing Wire

OCTOBER 22, 2024

” Last week, following the release of construction data for September from the U.S. . “The current pending sales got a boost from lower mortgage rates last month, but those mortgage gains are gone now. This progress is just good enough to show some year-over-year gains and it may be fleeting.”

Sellers 468

Sellers Mortgage Marketing Construction 468

Housing Wire

NOVEMBER 5, 2024

Redfin cited the boom in multifamily construction over the past few years as one reason why rents have remained stable. The surge in multifamily construction addressed demand in certain regions, particularly in the Sun Belt states, but builders are now slowing down.

Construction 415

Construction Housing Market Finance Marketing 415

Housing Wire

JANUARY 16, 2025

of new construction homes required buyers to pay HOA dues, compared to only 38.2% The company also said that new-construction communities often require less maintenance compared to their older counterparts. Realtor.com noted that certain home types stood out in terms of HOA fee requirements. of existing homes.

HOA 396

HOA Property Taxes Construction Buyers 396

Housing Wire

JANUARY 30, 2025

For example, 30% of purchase transactions were new construction last year. If you’re a loan officer, you should have a construction product that focuses on builders, developers and Realtors. And, its focusing on areas like construction, non-QM, the fix-and-flip and second lien production.

Construction 284

Construction Marketing Investors Renovations 284

Housing Wire

NOVEMBER 1, 2024

Construction was another sector that posted gains in October, adding 8,000 jobs. Residential construction gained 1,300 jobs in October, while residential specialty trade contractors shed 6,600 jobs. Residential construction gained 1,300 jobs in October, while residential specialty trade contractors shed 6,600 jobs.

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Construction Housing Market Real Estate Mortgage 369

Appraisal Buzz

FEBRUARY 26, 2025

The drop in new home sales coincides with growing builder pessimism stemming from high mortgage rates and the looming possibility of tariffs on imported construction materials that will drive up costs. As of the end of the month, there were about 495,000 new homes available for sale in the U.S,

Construction 414

Construction Buyers Appraisal Mortgage 414