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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Housing Wire

DECEMBER 18, 2024

They say housing leads the economy in and out of a recession. Currently, housing starts are back at the levels seen during the COVID-19 recession in 2020. 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.

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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.

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Housing Wire

FEBRUARY 18, 2025

A renewed interest in the senior housing market could also spur higher prices and waitlists, two things that lower-income older Americans can ill afford. Adding to the potential shortage in years ahead are stubbornly high mortgage rates and tariffs that could slow new construction.

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Housing Wire

NOVEMBER 25, 2024

Stable mortgage rates – even if they remain relatively elevated – could be the key to unlocking confidence in the housing market. What variables are shaping, and shaking, the housing market? The instability in the housing market is evident in existing-home sales and home builder sentiment.

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Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Now that we’re in 2024, the Federal Reserve ‘s rate hike cycle is over, so let’s look at what that means for housing demand and home prices. They will manage their supply slowly.

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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?

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Housing Wire

SEPTEMBER 27, 2023

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. housing market has surged by more than $2.6 Fueling this increase is new construction, according to Divounguy, even though the 1.3%

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Housing Wire

FEBRUARY 11, 2025

Despite bolstering its construction activities and the availability of single-family homes , the state of Florida continues to endure shortages in its affordable housing stock that impact the workforce and retirees living on fixed incomes. Sales volume was also higher in the populous Southeast Florida counties and Orange County.

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Housing Wire

APRIL 3, 2025

households gives a misleading impression of housing market strength. Builders face less competition due to the chronic housing shortage made worse by the sellers strike, but their construction costs have increased significantly. of total households. of total households.

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Appraisal Buzz

OCTOBER 11, 2024

“Let’s not mistake correlation for causation,” said researcher and Deputy Chief Economist for First American Financial Corporation Odeta Kushi , who publishes quarterly analyses of housing market data and trends. A housing recession does not necessarily kick things off.”

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Housing Wire

NOVEMBER 1, 2024

“This continues a theme we have seen in recent months, where the labor market is not seeing large layoffs but instead an ongoing reduction in job openings and a reluctance by employers to add workers,” Fratantoni said. Construction was another sector that posted gains in October, adding 8,000 jobs.

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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. Currently, we have an average of 138,000 jobs created each month in 2025.

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Appraisal Buzz

OCTOBER 18, 2024

Department of Housing & Urban Development (HUD) have announced new residential construction statistics for September 2024. Single-family housing starts in September improved for the second consecutive month, as builder sentiment has improved. Census Bureau and the U.S. below the revised August estimate of 1,361,000, 0.7%

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Appraisal Buzz

JANUARY 23, 2025

has experienced two decades of slow but steady housing market growth, paired with inventory growth that has suffered through both the Great Recession and the pandemic. In 2023, total inventory hit 144 million housing units, a 16.7% But even with continued building, housing supply still falls short and prices keep rising.

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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. Davis believes that by aligning with the right lender and expanding product offerings, originators can position themselves as valuable partners in a shaky market.

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Housing Wire

MARCH 31, 2025

“We need solutions that protect homeowners without pricing them out.” “We need solutions that protect homeowners without pricing them out.”

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Housing Wire

APRIL 3, 2025

The stock market reacted negatively to the news regarding tariffs, resulting in significant selling and a shift towards the bond market. In this week’s Housing Market Tracker , I mentioned that the 10-year yield level was stubbornly resistant and that we needed bad news to break through it.

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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. What’s going on?

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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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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%. None of this bodes well for housing permits to grow meaningfully. Could things improve?

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Housing Wire

JANUARY 17, 2024

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. Index values for most construction inputs are down from 2022 but remain above pre-pandemic levels. That could set the backdrop for a slower pace of construction.

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Housing Wire

NOVEMBER 22, 2023

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. It’s a savagely unhealthy housing market out there, and these economists unpack what that means for you. Register for the virtual event on Dec.

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Housing Wire

JANUARY 17, 2025

As confidence in the market declines, mortgage rates exceeding 7% pose challenges for builders. have been more effective in stimulating activity in the housing market. On Thursday, Fed Chris President Waller tried to talk down mortgage rates to try to make financial conditions less restrictive in housing because of this chart.

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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% month over month.

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Housing Wire

NOVEMBER 4, 2024

As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. New construction inventory has grown in recent months. year over year in September.

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Sacramento Appraisal Blog

MARCH 14, 2024

I mean, how can you go wrong when relating the housing market to nachos? UPCOMING SPEAKING GIGS: 3/19/24 WCR Gold Country (details here) 3/21/24 2024 […] The post The housing market is like nachos first appeared on Sacramento Appraisal Blog. It made me chuckle, and I hope you like it too.

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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. Meanwhile, investors are flocking to the BTR sector.

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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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Housing Wire

JANUARY 27, 2025

New home sales continue to be a bright spot in a dismal housing market. Census Bureau and Department of Housing and Urban Development shows new-home sales registering at a seasonally adjusted annual rate of 698,000, good for a 6.7% The December report from the U.S. rise year over year and 3.6% higher than November.

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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. I discussed this recently with the previous housing starts report. Then mortgage rates fell from 7.5%

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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.”

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Housing Wire

APRIL 14, 2025

Despite the current stability, Redfin economists warn that looming tariffs on imported building materials may trigger a reversal in rent trends by constraining new apartment construction activity and increasing economic uncertainty. Will rising costs derail new construction? a key resource for apartment construction comes from Canada.

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Housing Wire

JANUARY 15, 2025

The resulting housing market crash and the Great Recession led policymakers to overcorrect by tightening mortgage lending standards and limiting funds for new construction. The study claims that the crisis can be traced back to the early 2000s when subprime lending activities were prevalent.

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Housing Wire

FEBRUARY 23, 2024

housing market. And according to Freddie Mac ‘s Primary Mortgage Market Survey, the average rate inched closer to 7% this week. Fannie Mae, however, remains optimistic that housing market activity will pick up as existing home sales and new single-family housing starts are expected to grow modestly in 2024.

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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.

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Housing Wire

NOVEMBER 26, 2024

Mortgage rates have been rising and the housing market is also experiencing the impacts of hurricanes. However, it’s important to understand that housing starts are currently at recession levels because mortgage rates are too high to encourage new housing construction.

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