Housing Wire

MAY 14, 2024

As a result, some homebuilders have doubled down on the construction of built-to-rent (BTR) homes. The momentum is continuing as another 99,000 BTR homes are under construction in 2024, although the breakneck pace is expected to ease in 2025. Many builders feel bullish about places that are low on rental supply.

Construction 407

Construction Tenants Development Real Estate 407

Housing Wire

JUNE 21, 2021

Many are eyeing scenic East Tennessee, where Knoxville and its surrounding suburbs have formed one the country’s hottest housing markets. Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. How 2020 is still shaping the way lenders use data.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Housing Wire

NOVEMBER 10, 2022

David Meyer is thankful that his business is still plugging along during the wildest housing market in decades. 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. . Department of Housing and Urban Development.

Construction 438

Construction Supply Chain Buyers Development 438

Housing Wire

MARCH 1, 2024

With existing inventory down, Schuler said new construction has taken on a larger role in his market. New construction has typically averaged around 10% of active listing inventory and in our area right now, new construction has ranged anywhere between 30% to 40% of inventory,” Schuler said.

Housing Market 430

Housing Market Marketing Inventory Construction 430

Housing Wire

JULY 11, 2024

The latest annual report from The Counselors of Real Estate highlights 10 major issues expected to impact the housing industry in 2024, but developers are painfully familiar with at least two of them: labor shortages and skyrocketing capital costs. The result is a sharp increase in labor costs, and longer construction times.

Development 363

Development Construction Finance Investors 363

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. The market is going to go into correction,” he said. “I

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

Housing Wire

SEPTEMBER 22, 2020

housing market and compare those to where we are today — in the middle of one of the most epic years in our country’s history, due to COVID-19. No doubt about it, the COVID crisis has taken some juice out of the 2020 housing market. The February housing data, pre-COVID, was juicy indeed. higher than a year ago.

Housing Market 542

Housing Market Marketing Construction Buyers 542

Housing Wire

DECEMBER 28, 2023

Affordability has been a chief topic of concern in the housing industry for the past several years, and the lack of affordable options in the state of Colorado is pushing that state’s school districts into action. Rents also remain challenging according to data the Post cites from Zillow.

Housing Market 426

Housing Market Marketing Landlords Development 426

Appraisal Buzz

JULY 5, 2024

While the nation’s housing market remains tight, sales are tracking well below housing demand, and rental and homeowner vacancy rates are plummeting to multi-decade lows. residential housing economy, which represents approximately 17% of the nation’s Gross Domestic Product (GDP).

Housing Market 361

Housing Market Marketing Finance Development 361

Housing Wire

NOVEMBER 5, 2021

For the second month in a row the construction sector added jobs, rising by 44,000 jobs in October. Unfortunately for the residential housing sector, most of these jobs were in nonresidential specialty trade contractors (19,000), and in heavy and civil engineering construction (12,000). Residential building is up 5.4%

Construction 334

Construction Development Business Housing Market 334

Housing Wire

FEBRUARY 22, 2022

The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Builders are having to delay project start times, resulting in cost blowouts and developments not being completed. Many people are referring to this time as a ‘profitless boom’ for the building industry.

Construction 414

Construction Supply Chain Contracts Business 414

Housing Wire

JULY 22, 2024

Department of Housing and Urban Development (HUD) on Monday announced a new $175 million notice of funding opportunity (NOFO) under its Continuum of Care (CoC) program, which will go toward the development of new rental housing units with “supportive services for people experiencing homelessness ,” the department explained.

Construction 368

Construction Renovations Design Development 368

Housing Wire

FEBRUARY 13, 2024

Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. 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. New construction is backed up,” she said.

Construction 384

Construction Supply Chain Inventory Agents 384

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. Developers continue to build in these areas with few obvious signs of slowing, the story said. “La

Insurance 448

Insurance Real Estate Agent Construction Development 448

Housing Wire

NOVEMBER 29, 2023

Census Bureau and the Department of Housing and Urban Development. Homebuilders are also pacing the number of homes they bring to market. Home construction New home construction ramped up early in the pandemic but moderated as interest rates ticked up and mortgage rates followed. The figure – up 17.7%

Construction 398

Construction Finance Inventory Development 398

Housing Wire

JANUARY 25, 2024

9, 2022, not only helped the housing market build more homes, but it also boosted the U.S. The new home sales sector employs construction workers and stimulates the purchase of goods and services to build those homes: everything from windows to garage doors, flooring and more. months , this is just an OK market for builders.

Construction 507

Construction Housing Market Inventory Marketing 507

Housing Wire

SEPTEMBER 5, 2023

It uses county-level data for single and multi-family permits to gauge housing construction growth in both urban and rural metros. The latest HBGI data continue to show a changing geography for home construction,” Robert Dietz , the NAHB’s chief economist, said in a statement. at the end of 2019 to 12% earlier in 2023.

Construction 372

Construction Marketing Development Mortgage 372

Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership.

Housing Market 411

Housing Market Marketing Construction Insurance 411

Housing Wire

DECEMBER 16, 2021

Department of Housing and Urban Development and the U.S. Construction of single-family homes increased 11.3% million units, while the construction of multifamily units increased 12.9% ” HUD and the Census Bureau are attributing this increase in production to strong demand for new construction. .”

Construction 492

Construction Inventory Housing Market Development 492

Housing Wire

JULY 26, 2022

This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. Since the summer of 2020, I have genuinely believed the housing market could change once the 10-year yield broke over 1.94%. In response, they stalled construction for 30 months.

Construction 514

Construction Housing Market Inventory Marketing 514

Housing Wire

JUNE 10, 2024

metro areas that are embracing new development and “creating a more diverse and plentiful supply of homes.“ The report delves into the “Yes in My Backyard“ (YIMBY) movement , which involves numerous strategies to improve housing supply and lower the cost of living for homeowners and renters alike. Other estimates are much higher.

Development 309

Development Construction Real Estate Government 309

Housing Wire

DECEMBER 23, 2024

This situation poses a risk to construction labor in 2025. I wrote about why this presents a housing recession risk for the Federal Reserve. As mortgage rates keep increasing along with supply, this doesnt bode well for housing starts growing meaningfully. Is 2025 the first year we start losing residential construction jobs?

Construction 514

Construction Inventory Mortgage Development 514

Housing Wire

JUNE 26, 2024

The Florida housing market faces an outsized risk from weather events and larger climate issues. John Rogers, chief innovation officer at CoreLogic , outlined the risks but also the positive developments he sees in the Florida housing market at an event held by the National Association for Real Estate Editors (NAREE) last week.

Housing Market 312

Housing Market Insurance Marketing Real Estate 312

Housing Wire

MAY 3, 2024

We have so much new construction happening. You have a lot of apartment complexes and multifamily units, but there is not as much single-family construction happening, and if it is, it tends to be pretty far outside the city, or it is a custom home that is $2 million on up.”

Inventory 324

Inventory Housing Market Marketing Real Estate 324

Housing Wire

FEBRUARY 26, 2024

Department of Housing and Urban Development ( HUD ). increase from the revised December rate of 651,000, it falls slightly below market expectations. The uptick in new-home sales underscores the persistent strength of demand in the housing market despite the challenges posed by winter weather. It also marked a 1.8%

Construction 440

Construction Development Housing Market Government 440

Housing Wire

APRIL 2, 2021

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. Despite increased rate of tech adoption, the mortgage industry still has room for continued development and processes. Labor Department.

Inventory 513

Inventory Construction Housing Market Business 513

Housing Wire

JULY 16, 2024

Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation. While the odds are stacked against this proposal ever passing Congress, a federal rent control law would be catastrophic to renters and our nation’s rental housing market.” Also on Tuesday, the U.S.

Landlords 482

Landlords Construction Land Management Tenants 482

Housing Wire

JULY 26, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). On a year-over-year basis, however, new home sales were up 23.8%. “New home sales continue to be an outsized share of the housing market ,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. from a month prior, but down 3.6%

Housing Market 328

Housing Market Marketing Construction Inventory 328

Housing Wire

NOVEMBER 25, 2020

I said that housing starts would never start a year at 1.5 Only then would we see enough demand from the new home sales market to warrant that much construction. Census Bureau and the Department of Housing and Urban Development. months, then the market has issues, and builders will likely stall on construction.

Housing Market 538

Housing Market Inventory Construction Marketing 538

Housing Wire

SEPTEMBER 9, 2024

Fannie Mae ’s home purchase sentiment index (HPSI) — which tracks the housing market and consumer confidence to sell or buy a home — rose 0.6 This likely reflects in part the wide geographic variation in new home construction activity,” Palim said. “In Department of Housing and Urban Development (HUD).

Mortgage 419

Mortgage Construction Development Housing Market 419

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Industry workers didn’t pull back on investing in professional development, with the majority (51%) spending money to reach potential clients. in events to garner business.

Housing Market 404

Housing Market Mortgage Marketing Inventory 404

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

Construction 462

Construction Supply Chain Inventory Housing Market 462

Housing Wire

JULY 28, 2021

Department of Housing and Urban Development and the U.S. Sales continued to trend lower in June as some builders slow sales contracts to manage supply-chains, amidst longer delivery times and higher construction costs,” said NAHB Chairman Chuck Fowke. Sales of newly built, single-family homes fell 6.6% Census Bureau.

Supply Chain 418

Supply Chain Training Construction Development 418

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 493

Mortgage Construction Marketing Government 493

Housing Wire

MAY 18, 2021

. “Supply chain constraints are holding back a housing market that should otherwise be picking up speed, given the strong demand for buying fueled by an improving job market and low mortgage rates,” Fratantoni said.

Supply Chain 541

Supply Chain Construction Government Inventory 541

Housing Wire

SEPTEMBER 21, 2021

homebuilders started construction on 1.615 million homes in August, up 3.9% Department of Housing and Urban Development. This increase comes as builders continue to face material shortages and a tight construction labor market. The post August housing starts better than expected appeared first on HousingWire.

Construction 508

Construction Housing Market Inventory Development 508

Housing Wire

SEPTEMBER 18, 2024

After falling in July, housing starts were back up again in August, according to data released Wednesday by the U.S. Department of Housing and Urban Development (HUD). In August, housing starts rose to a seasonally adjusted annual rate of 1.356 million, up 2.9% In contract, single-family housing starts were up 15.8%

Marketing 430

Marketing Construction Development Housing Market 430