Housing Wire

JUNE 13, 2023

As with the rest of the nation, the state of Massachusetts is looking for solutions to temper inventory shortages and high housing costs. And that’s not the way to fix the issue,” said Justin Davidson, general counsel and director of government affairs for MAR. “We Rent control tries to attack a symptom of our lack of building.

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Housing Wire

FEBRUARY 13, 2024

While Alabama agents might feel good about their state’s prospects as a migratory hotspot, they must also face the repercussions of a growing population — namely increased pressure on the state’s already constrained housing inventory. Inventory was the theme last year and it is shaping up to be the theme this year,” Ellison said.

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Housing Wire

NOVEMBER 10, 2022

In response, multifamily construction has skyrocketed over the last year, hitting a historic high of 841,000 units under construction nationwide in June of this year, according to research from the National Multifamily Housing Council and the National Apartment Association. Department of Housing and Urban Development.

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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. government on its debt obligations.

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Appraisal Buzz

OCTOBER 11, 2024

This hybrid summit brings together leaders from the federal government, private sector, and housing industry to discuss the critical role of independent mortgage banks in the housing finance ecosystem. Census Bureau Manufacturing and Trade Inventories (Thursday) U.S.

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Marketing Mortgage Finance Retail 370

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.

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Inventory Construction Government Housing Market 545

Housing Wire

MAY 8, 2023

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

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Inventory Renovations Supply Chain Buyers 435

Housing Wire

MAY 7, 2021

A recent study by the National Association of Home Builders found that regulations imposed by all levels of government on new homes account for $93,870, or 23.8%, of the current average sales price ($397,300). Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction.

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Construction Inventory Government Development 488

Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. The reason for the slowdown stems from a problem that continues to persist: a lack of inventory. trillion from the $4.36

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Supply Chain Inventory Government New Listings 448

Housing Wire

MAY 18, 2021

. “Even with these challenges, there are roughly 640,000 new homes under construction right now, a helpful addition to low supply levels.”. Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction on new housing starts.

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Supply Chain Construction Government Inventory 545

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 government purchase index declined to its lowest level in over a year and has now decreased year over year for five straight weeks.

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Mortgage Contracts Inventory Construction 543

Housing Wire

MAY 31, 2024

A new report from the Government Accountability Office (GAO) concluded that while institutional investors may have contributed to rising home prices since 2009, the actual impact they have had on homeownership opportunities is more difficult to assess.

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Investors Inventory Government Construction 465

Housing Wire

AUGUST 26, 2021

” Khater added that purchase application demand is improving, but very low inventory is the major obstacle to higher home sales. Lower rates led to an increase in refinance applications, with government loan applications jumping 10 percent to the highest level since May 2021.”. increase from last year at the same time.

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Mortgage Inventory Government Construction 493

Housing Wire

FEBRUARY 12, 2024

AFR offers agency, nonagency and government lending products. It also has a niche in construction and manufactured home loan programs. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions.

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Housing Wire

FEBRUARY 26, 2024

Additionally, mortgage applications for new homes surged in January as a lack of existing homes for sale continued to fuel the demand for new construction. New homes constitute slightly more than 30% of the total active inventory in the market. At the end of January, there were 456,000 new homes available for sale, marking a 3.9%

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Construction Development Housing Market Government 459

Housing Wire

MAY 18, 2021

As affordable housing advocates throw paint at the wall to get the federal government to do something – anything – about the national housing shortage, a modest but perhaps significant legislative idea has reemerged. New housing construction is, in fact, at its highest level since the mid-2000s housing bubble, according to U.S.

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Housing Wire

SEPTEMBER 7, 2021

Last week, the Biden administration unveiled a multi-pronged proposal for federal agencies to address the lack of housing inventory, ahead of action from Congress. billion — in government sponsored enterprise investments in Low-Income Housing Tax Credit projects. But Broeksmit pointed out that bigger changes depend on Congress.

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Construction Government Inventory Finance 448

Housing Wire

AUGUST 15, 2023

Rising mortgage rates and high construction costs stemming from a dearth of construction workers, a lack of buildable lots and ongoing shortages of distribution transformers put a chill on builder sentiment in August,” said Alicia Huey, NAHB Chairman and a homebuilder from Birmingham, Alabama.

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Construction Inventory Housing Market Government 370

Housing Wire

NOVEMBER 3, 2023

In October, health care, government, and social assistance posted some strong job gains. In October, construction employment continued to trend up, adding 23,000 more jobs, aligning with the average monthly gain of 18,000 over the prior 12 months. What to expect in the housing market ?

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Marketing Construction Housing Market Government 434

Housing Wire

MAY 13, 2021

The purchase market remains strong overall, but low housing inventory and accelerating home prices have started to adversely impact purchase activity,” said Kan. Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. of FHA loans, 10.3%

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Construction Government Inventory Mortgage 488

Housing Wire

APRIL 18, 2023

The government accounts for housing inflation by looking at rents, not home prices. Currently, new home sales have been trending better as the builders are taking advantage of low existing inventory. However, because of the COVID-19 delays, we are still working through a backlog of homes under construction.

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Mortgage Construction Supply Chain Housing Market 521

Housing Wire

DECEMBER 18, 2020

There is currently only one month’s worth of housing inventory in Austin. Little-to-no inventory among such strong demand is artificially raising the median home price right now, 2020 president of the board, Romeo Manzanilla, told HousingWire. Additionally, residential sales increased by 28.8% and sales dollar volume soared 47.2%

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Realtors Inventory Housing Market Real Estate 476

Housing Wire

SEPTEMBER 5, 2024

in 2025, according to a quarterly survey of housing experts conducted by government-sponsored enterprise (GSE) Fannie Mae. home-price growth is predicted to finish this year at 4.7% before slowing to 3.1% million homes,” he said. “We’ve We’ve previously estimated the shortfall to be more than 4 million.”

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Construction Design Government Real Estate 459

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. ” Ruben Gonzalez, Keller Williams chief economist, added that he is “optimistic” new home construction will pick up.

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Supply Chain Inventory Buyers Realtors 448

Housing Wire

AUGUST 3, 2023

government credit rating downgrade caused mortgage rates to rise this week,” said Sam Khater, Freddie Mac’s chief economist. Despite higher rates and lower purchase demand, home prices have increased due to very low unsold inventory.” Scarce inventory leads to a modest pace of sales for existing homes.

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Mortgage Inventory Government Buyers 370

Appraisal Buzz

DECEMBER 12, 2024

Because there wont be enough new inventory to meet demand, prices will increase at a rate comparable to that of the second half of 2024. Because there wont be enough new inventory to meet demand, prices will increase at a rate comparable to that of the second half of 2024.

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Real Estate Construction Inventory Brokerage 369

Housing Wire

JULY 7, 2023

Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up. Employment in the construction industry has increased by an average of 15,000 per month thus far this year, compared with an average of 22,000 per month in 2022.

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Construction Renovations Government Inventory 370

Housing Wire

JUNE 23, 2021

“Despite the jump in rates, refinances also increased for the second consecutive week, pushed higher by a 4% bump in conventional refinance applications,” Kan said, “Government purchase applications drove most of last week’s increase, which also contributed to a slightly lower overall average purchase loan size.”.

Mortgage 457

Mortgage Contracts Construction Government 457

Housing Wire

JUNE 2, 2023

The lion’s share of the job growth in April came from gains in the professional and business services sector (up 64,000 jobs), the leisure and hospitality sector (up 48,000 jobs), the government sector (up 56,000 jobs), and the health care sector (up 52,000 jobs). Residential building construction added 2,400 jobs during the month.

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Construction Real Estate Housing Market Transportation 397

Housing Wire

FEBRUARY 2, 2024

Senate in the hope of establishing a new grant program that would fund local government efforts to develop and implement housing policy plans. This legislation will give state and local governments critical resources to improve affordability and expand access to quality housing where it’s needed the most.” Amy Klobuchar (Minn.)

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Housing Wire

OCTOBER 2, 2020

Private employment increased by 877,000, while government employment fell by 216,000 – a stat that Mike Fratantoni, senior vice president and chief economist at the Mortgage Bankers Association , chocks up to drops in local education employees as many schools did not bring their workforces back in September.

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Tenants Government Retail Business 435

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. Record-high demand for homes coupled with historically low inventory has driven prices up precipitously. According to the Radian Home Price Index , home prices rose 9.2%

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Housing Market Marketing Construction Insurance 448

Housing Wire

MARCH 8, 2024

Job gains occurred mainly in health care, government, food services, social assistance, transportation and warehousing. In February, employment continued to trend up in construction, adding 23,000 jobs month over month. Job seekers are taking longer to find work, and the number of job switchers has declined.” and were up 4.3%

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Transportation Retail Housing Market Construction 476

Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. This means that the doors, windows, electrical all are done by contractors after the walls have been constructed.”.

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Construction Supply Chain Investors Business 418

Housing Wire

APRIL 5, 2024

Job gains were most notable in the health care (+72,000), government (+71,000) and construction (+39,000) sectors. In March, employment continued to trend up in construction, adding 39,000 jobs month over month. March home sales look to be tracking below last year’s levels even as inventory is starting to increase.

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Mortgage Transportation Construction Housing Market 373

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. Urban exodus : Post-pandemic shifts to suburban and rural living have driven up prices in these areas.

Mortgage 488

Mortgage Supply Chain Real Estate Investors 488

Housing Wire

DECEMBER 5, 2024

Census Bureau over a five-year period shows that prices for manufactured homes have risen by nearly 60% as the nation continues to contend with a housing affordability crisis that stems in part from a shortage of sufficient inventory. In September, HUD announced updates to its manufactured housing construction and safety standards.

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