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 468

Housing Market Marketing Landlords Development 468

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 482

Construction Supply Chain Buyers Development 482

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 468

Housing Market Marketing Inventory Construction 468

Housing Wire

MARCH 7, 2024

The White House announced that President Joe Biden will call on lawmakers in the House of Representatives and the Senate to address a series of housing issues in his State of the Union address, which will be delivered to a joint session of Congress and televised nationally on Thursday night. The NHC lauded the development.

Construction 535

Construction Renovations Insurance Landlords 535

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 470

Construction Renovations Design Development 470

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

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 543

Housing Market Marketing Construction Buyers 543

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 433

Inventory Housing Market Marketing Real Estate 433

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 435

Construction Marketing Development Mortgage 435

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 435

Construction Supply Chain Contracts Business 435

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 435

Construction Supply Chain Inventory Agents 435

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 396

Housing Market Insurance Marketing Real Estate 396

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 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 448

Construction Finance Inventory Development 448

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 497

Insurance Real Estate Agent Construction Development 497

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

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 448

Housing Market Marketing Construction Insurance 448

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 353

Development Construction Real Estate Government 353

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 514

Construction Housing Market Inventory Marketing 514

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 493

Construction Inventory Housing Market Development 493

Housing Wire

AUGUST 14, 2023

Local housing markets is a HousingWire magazine feature spotlighting housing trends and data across the country. I absolutely love the Columbia Basin and the reason is that we are a unique market. The combination of these factors has resulted in a hot housing market. A score of 30 denotes a balanced market.

Housing Market 369

Housing Market Marketing Inventory Agents 369

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

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 370

Housing Market Marketing Construction Inventory 370

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 459

Construction Development Housing Market Government 459

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 476

Construction Supply Chain Inventory Housing Market 476

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 468

Mortgage Construction Development Housing Market 468

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 448

Housing Market Mortgage Marketing Inventory 448

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 488

Marketing Construction Development Housing Market 488

Housing Wire

JULY 17, 2024

Despite a 3% monthly increase , the pace of new housing construction was 4.4% Department of Housing and Urban Development (HUD). In June, privately owned housing starts were at a seasonally adjusted annual rate of 1.353 million units. A slowdown in apartment construction is not surprising.

Construction 468

Construction Property Management Development Housing Market 468

Housing Wire

JUNE 6, 2024

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). Digital tools like the ADU Plans Gallery reduce the time and cost of building ADUs and accelerate housing construction.”

Tools 475

Tools Law Government Construction 475

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 514

Inventory Construction Housing Market Business 514

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 488

Landlords Construction Land Management Development 488

Housing Wire

MAY 23, 2024

However, we need to keep an eye on the housing construction data in this report because it has huge implications for the economic cycle, our recession risk and mortgage rates. As the chart below shows, the housing sector generally poses a future risk to labor if the single-family permits data continues to decline. percent (±12.0

Marketing 497

Marketing Construction Mortgage Housing Market 497

Housing Wire

MARCH 25, 2024

Department of Housing and Urban Development ( HUD ). Additionally, mortgage applications for new homes surged in February as a lack of existing homes for sale continued to fuel the demand for new construction. Affordability remains a challenge in the housing market, particularly for first-time homebuyers.

Construction 486

Construction Inventory Housing Market Finance 486

Housing Wire

FEBRUARY 5, 2024

Department of Housing and Urban Development. single-family homes for sale were new construction, similar to the percentage from a year earlier and good for the highest level of any fourth quarter on record. An estimated 668,000 new homes were sold in 2023, 4.2% more than the figure of 641,000 in 2022, according to the U.S.

Construction 468

Construction Housing Market Buyers Sellers 468

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