Housing Wire

JUNE 17, 2021

. “Since reaching a survey-high 927,000 units in October 2020, the annual pace of new home sales has now fallen around 20 percent, weighed down by low housing inventory and rising prices,” said Kan. In that data, new home sales are recorded at contract signing, which typically occurs with the mortgage application.

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Inventory Construction Contracts Mortgage 511

Housing Wire

MAY 22, 2023

Existing home sales have been largely in line with the ESR Group’s recent forecast of further gradual declines throughout the year, which were expected due to affordability constraints and tight existing home sales inventory of existing homes for sale.

Construction 414

Construction Inventory Government Contracts 414

Appraisal Buzz

OCTOBER 30, 2024

increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, The amount of contract activity in 2001 is represented by an index of 100. Year-over-year, contract signings grew in the Northeast and West and were unchanged in the Midwest and South. September saw a 7.4%

Contracts 418

Contracts Buyers Inventory Mortgage 418

Housing Wire

JULY 13, 2024

Weekly housing inventory data This week’s data was hit with the July 4th bug. So, I will not make any statements about the decline in inventory week to week, except that it’s been affected by the holiday and we should get back on trend next week. have higher inventory data than the national data.

Mortgage 509

Mortgage New Listings Inventory Contracts 509

Appraisal Buzz

SEPTEMBER 5, 2024

The panelists also shared that they think speeding up construction permitting processes, increasing density around transit corridors, and allowing more “missing middle’-type housing are the local and state policy reforms likeliest to increase housing production. Notably, total inventory is up 28.7% million homes. HouseCanary Inc.’s

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Construction Inventory Housing Market Contracts 459

Housing Wire

JANUARY 26, 2024

For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. The Northeast was the only region to see a decline in contract signings, with a drop of 3% month over month and 3.9%

Contracts 481

Contracts Housing Market Construction Inventory 481

Housing Wire

OCTOBER 26, 2023

Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years,” Lawrence Yun, NAR chief economist said in a statement. Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated.” Year over year, all four regions saw declining transactions.

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Inventory Contracts Housing Market Realtors 408

Housing Wire

OCTOBER 22, 2024

For-sale inventory of single-family homes is up 33% from a year ago. New pending sales are also on the rise, with the 60,000 homes going under contract last week representing a 9% increase from the same week last year and an 11% increase from the same week in 2022. With mortgage rates back above 6.5%

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Sellers Mortgage Marketing Construction 434

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday. Residential construction costs started to moderate this period.

Mortgage 405

Mortgage Real Estate Inventory Construction 405

Housing Wire

JUNE 2, 2021

Tight housing inventory, obstacles to a faster rate of new construction, and rapidly rising home prices continue to hold back purchase activity,” Kan said. The overall housing index hit its lowest point since February, said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

Mortgage 541

Mortgage Contracts Inventory Construction 541

Housing Wire

OCTOBER 26, 2022

The builders will pull back on construction when the supply is 6.5 From Census: For Sale Inventory and Months’ Supply, The seasonally?adjusted When rates rose back in March, there was a considerable risk to the business model with many homes under construction. months of supply is still under construction 2.1

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Construction Inventory Contracts Buyers 481

Housing Wire

JUNE 29, 2023

An index of 100 is equal to the level of contract activity in 2001. Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing,” Lawrence Yun , the chief economist of NAR, said in a statement. The NAR’s Pending Home Sales Index fell to a reading of 76.5

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Contracts Inventory Housing Market Realtors 334

Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. Pausing new contracts will enable us to focus on sellers already under contract with us and our current home inventory.”. construction workers.

Renovations 397

Renovations Real Estate Construction Contracts 397

Appraisal Today

SEPTEMBER 13, 2024

6 Tips for Appraising New Construction Homes Excerpts: Lenders, FHA, and the GSEs (Fannie Mae and Freddie Mac) treat new construction a little differently. When appraising new construction homes, certain factors that don’t always apply to existing dwellings must be considered. Keep a file of local building costs 4.

Construction 71

Construction Appraisal Contracts Mortgage 71

Housing Wire

FEBRUARY 26, 2024

It’s not the safest business model either because builders take a contract to buy a home and then, from start to finish, hope that mortgage rates don’t jump on the buyer by the time the home is ready. months , the builders will pause construction. Why so low? Well, builders are in business to make money, they’re not a charity.

Construction 531

Construction Business Contracts Marketing 531

Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. New contracts dipped as affordability is out of reach for so many. Inventory is very low and just inching up now week over week late in the summer. Before that change, it looked as though inventory had peaked for the year.

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Contracts Inventory Housing Market Buyers 414

Housing Wire

DECEMBER 1, 2022

“Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”. Existing home sales fell steeply in most markets.

Housing Market 337

Housing Market Marketing Construction Inventory 337

Housing Wire

APRIL 27, 2023

An index of 100 is equal to the level of contract activity in 2001. The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. In the new construction sector , NAR predicts sales to increase 4.5% year over year. year over year to 4.56 million for all of 2023.

Inventory 442

Inventory Realtors Contracts Construction 442

Housing Wire

JANUARY 23, 2024

With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. Well into January, we are already seeing properties go under contract in the first weekend with multiple offers. Will we get more inventory? The strategy has changed for buyers.

Real Estate Agent 457

Real Estate Agent Real Estate Buyers Agents 457

Housing Wire

MAY 10, 2023

For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity. In much of suburban New Jersey, where new construction is rarer than cheap Bruce Springsteen tickets, the pandemic-era conditions never left. I mean very little inventory.

Marketing 370

Marketing Loan Officers Inventory Real Estate Agent 370

Housing Wire

SEPTEMBER 14, 2022

Since the spring, inventories were substantially lower in Rhode Island, Maine, and Vermont, but moderately higher in Massachusetts (including Boston proper) and New Hampshire. In New York City, as well as across most of the district, homes sales tapered off, and the inventory of available homes, though still very low, edged higher.

Construction 370

Construction Real Estate Inventory Supply Chain 370

Housing Wire

MARCH 29, 2023

Month-over-month, contract signings increased in three U.S. Overall, contract signings were down 21.1% Although inventory has increased from February of last year, the number of homes available for sale is just half of what it was three years ago. In-contract deals rose 0.7% from February 2022. decline from a year ago.

Contracts 314

Contracts Realtors Home Value Housing Market 314

Housing Wire

JANUARY 19, 2024

Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale.

Housing Market 458

Housing Market Inventory Contracts Marketing 458

Housing Wire

SEPTEMBER 7, 2023

She expects a market contraction this fall in the housing sector. MBA President and CEO Bob Broeksmit is of the same opinion: “The housing market appears to be stuck heading into autumn, with sales activity likely to stay stagnant until housing inventory increases and mortgage rates decline to more affordable levels,” he said in a statement.

Housing Market 455

Housing Market Mortgage Marketing Contracts 455

Housing Wire

MAY 23, 2023

Last year, while the Census Bureau was reporting the new home sales numbers and the builders were having high cancellation rates, the monthly sales report didn’t account for the cancellations of contracts. months and above, the builders will pull back on construction. The Inventory for homes completed is at 70,000 = 1.23

Inventory 525

Inventory Housing Market Construction Marketing 525

Housing Wire

FEBRUARY 16, 2023

Last year we had monthly existing home sales collapse back to 2007 levels, except this time around, NAR has total inventory at 970,000 and not over 4 million. In an odd twist of fate, the delays due to COVID-19 are currently an infrastructure and jobs program for Americans in the construction industry. months of supply.

Construction 500

Construction Housing Market Inventory Marketing 500

Housing Wire

DECEMBER 7, 2020

months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. For now, though, the low inventory means housing starts have legs to move higher. months, the builders are ok with construction as long as new home sales grow. If supply goes over 6.5 Hard pass.

Inventory 545

Inventory Construction Government Housing Market 545

Housing Wire

JUNE 23, 2021

If the fed were to tighten policy, Fannie Mae’s ESR Group expects this to drag on upcoming housing market growth and even stifle home sales, house prices, construction and mortgage originations. With inventory tight, the slowdown in demand has yet to impact prices, meaning the summer will likely remain a strong seller’s market.”.

Mortgage 375

Mortgage Contracts Construction Government 375

Housing Wire

JULY 6, 2023

The purchase deal includes Truland’s homebuilding assets, which consist of approximately 263 lots, 155 homes in inventory, and 55 homes in the sales order backlog. Horton is involved in the construction and sale of both single-family and multi-family rental properties and holds a majority stake in Forestar Group Inc.,

Contracts 369

Contracts Development Insurance Construction 369

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. BH: What are you expecting to see in terms of demand for new construction heading into 2023?

Supply Chain 386

Supply Chain Construction Inventory Finance 386

Housing Wire

JULY 25, 2022

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

Housing Wire

JULY 27, 2023

An index of 100 is equal to the level of contract activity in 2001. Home prices will be influenced by how much inventory is brought to market. Increased homebuilding will tame price growth, while limited construction will lead to home price appreciation outpacing income growth.” in 2023, to 720,000. in 2024, to 820,000.

Construction 357

Construction Inventory Realtors Housing Market 357

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% Homes went under contract in just 19 days on average, down from 21 a year ago. from the prior month to a seasonally adjusted annual rate of 6.5 January sales fell 2.3% from a year earlier, though the median existing-home price rose 15.4%

Supply Chain 435

Supply Chain Inventory Buyers Contracts 435

Housing Wire

OCTOBER 26, 2022

The slower sales pace meant that inventory was back up in September. Continuing to add for sale inventory from the new construction industry “is going to be vital to helping stabilize prices and affordability in the long run,” added Zillow senior economist Nicole Bachaud. months at the current sales pace, up from 8.1

Inventory 313

Inventory Contracts Buyers Investors 313

Housing Wire

OCTOBER 18, 2021

As housing inventory remains low and buyers are continuing to face strong competition with one-third of homes going under contract within a week , many are becoming discouraged and have started looking for alternative options. This will spur more construction and help ease upward pressure on home prices.”.

Supply Chain 532

Supply Chain Inventory Buyers Housing Market 532

Appraisal Buzz

JULY 30, 2024

Warren and my colleagues in fighting for this transformational legislation that will unleash construction of millions of new homes and create hundreds of thousands of new jobs in the process.” This trend is contributing to a glut of unsold inventory. That is why I am proud to join Sen. This marks an increase from 59.6%

Construction 221

Construction Investing Inventory Law 221

Housing Wire

JUNE 23, 2021

A new home sale occurs when a sales contract is signed or a deposit is accepted. The home can be in any stage of construction: not yet started, under construction or completed. Supply-side challenges remained a persistent issue, with the count of new homes sold that had not started construction, up 76% over the last year.

Supply Chain 471

Supply Chain Construction Buyers Development 471