Housing Wire

FEBRUARY 23, 2024

The year 2024 has started with cautious optimism that mortgage rates will drop, sparking much-needed activity in the sluggish U.S. housing market. Mortgage rates, however, have been on a rising trend of late. HousingWire’s Mortgage Rates Center showed the 30-year fixed-rate mortgage at 7.21% on Feb.

Housing Market 479

Housing Market Marketing Retail Mortgage 479

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. Housing permits and starts are falling now, even with the backlog of homes in the system. With less transaction volume , general incomes in the housing sector are falling.

Housing Market 545

Housing Market Marketing Inventory Sellers 545

Appraisal Buzz

DECEMBER 10, 2024

Realtor.com has revealed its Top Housing Markets for 2025 , highlighting the areas ready for growth in the year ahead. Among the top 10 metros, eight have seen year-over-year growth in single-family home construction, with builders increasingly focusing on more affordable and smaller homes to meet demand. Miami leads with 42.7%

Housing Market 418

Housing Market Marketing Inventory Government 418

Housing Wire

JULY 17, 2024

Higher mortgage rates have increased recession risk by targeting the one sector that always falls before every recession: residential construction workers. And higher rates are also impacting the future supply of homes, as housing permits have been in a downtrend for a while. percent below the revised May figure of 956,000.

Construction 432

Construction Mortgage Housing Market Marketing 432

Housing Wire

JANUARY 4, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business. million and 4.57

Housing Market 502

Housing Market Marketing Mortgage Contracts 502

Housing Wire

JANUARY 2, 2025

Today, the jobless claims data again showed why mortgage rates continue to be elevated, confirming that the labor market isnt breaking. The labor market is getting softer but hasnt broken yet, as it has before every recession post World War II. Mortgage rates are expected to range between 5.75% and 7.25%.

Mortgage 462

Mortgage Construction Housing Market Marketing 462

Housing Wire

MARCH 8, 2023

It is no secret that the housing market is suffering from an ongoing inventory drought. Existing housing inventory fell by 11,021 homes week over week for the week ending March 6, according to data from Altos Research. million housing units were started , and 11.9 During that same time period, just 13.1

Housing Market 456

Housing Market Marketing Inventory Construction 456

Housing Wire

JUNE 18, 2023

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Active housing inventory grew while new listing data fell. Mortgage rates hardly budged last week, even with the Federal Reserve ‘s announcement it was pausing rate hikes and CPI inflation reports.

Housing Market 472

Housing Market Marketing Inventory New Listings 472

Housing Wire

JANUARY 9, 2023

One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. While the market share of [single-family] BFR homes is small, it has clearly been trending higher,” the NAHB report continues. “As Riding a cresting wave.

Housing Market 545

Housing Market Marketing Construction Development 545

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. next year.

Housing Market 500

Housing Market Marketing Inventory Sellers 500

Housing Wire

JANUARY 16, 2025

The 10-year yield and mortgage rates have been on a wild ride lately, even testing my top-end forecast at 7.25%, but today, the 10-year yield fell after remarks by Fed President Chris Waller about whether the Fed would do even more rate cuts than the market was anticipating. However, we know that this is unlikely to happen.

Mortgage 493

Mortgage Construction Marketing Government 493

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. This would act as an equivalent to reducing the mortgage rate by more than 1.5%

Construction 531

Construction Renovations Insurance Landlords 531

Appraisal Buzz

NOVEMBER 25, 2024

Zillow is predicting a more active housing market in 2025 , but those hoping to buy — or even refinance — should buckle up for a bumpy ride and be ready to move when conditions are right. Zillow is forecasting that housing market activity will pick up in 2025 – but the big wildcard is mortgage rates, which will remain unpredictable.

Housing Market 365

Housing Market Marketing Buyers Construction 365

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. High mortgage rates and home prices quelled the surge in buyer demand, and time seems to have moderated the supply chain shocks.

Construction 455

Construction Supply Chain Transportation Buyers 455

Housing Wire

OCTOBER 19, 2023

Rates on the 30-year fixed-rate mortgage eclipsed 8% this week as the Treasury yield surpassed 4.9% Per Mortgage News Daily , mortgage rates touched 8.03% on Wednesday, up from 7.69% the previous week. By contrast, the 30-year, fixed-rate mortgage was at 6.94% a year ago at this time.

Mortgage 482

Mortgage Housing Market Inventory Construction 482

Housing Wire

JANUARY 17, 2025

Todays housing starts data exceeded estimates; however, a closer examination of the report with the builder confidence reveals that the recent rise in mortgage rates , approaching 7.25%, has negatively affected builder sentiment. Since late 2022, our analysis indicates that mortgage rates in the 6%-6.5% While rates in the 6-6.5%

Mortgage 404

Mortgage Housing Market Construction Marketing 404

Housing Wire

MARCH 1, 2024

Since hitting a low point in January, Indiana’s Market Action Index score has been on the rise, hitting a 90-day average of 42.32 While Fischer attributes some of the uptick in activity to typical seasonality, he noted that the recent relative stability and even slight decreases in mortgage rates have also contributed.

Housing Market 430

Housing Market Marketing Inventory Construction 430

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.

Construction 393

Construction Government Mortgage Housing Market 393

Housing Wire

APRIL 18, 2023

What is the best news for mortgage rates long-term? Housing inflation post-2020 was one for the record books, not only because home prices accelerated in such a short time, but more importantly for the inflation data, rents took off, something that didn’t happen during the housing bubble years.

Mortgage 501

Mortgage Construction Supply Chain Housing Market 501

Housing Wire

OCTOBER 19, 2022

In June of this year, I raised the fifth recession red flag , putting the housing market in a traditional recession where sales, incomes, jobs, and production would be falling, which is happening now. And unfortunately, one of those productions items is housing completions data — which looks terrible in the latest report.

Mortgage 499

Mortgage Construction Inventory Housing Market 499

Housing Wire

JANUARY 7, 2025

The new year has arrived, but little has changed regarding the direction of mortgage rates and their impact on the U.S. housing market. At HousingWire s Mortgage Rates Center on Tuesday, the 30-year fixed rate averaged 7.09%. ” Mortgage rates have continued to rise since the Federal Reserve meeting on Dec.

Housing Market 316

Housing Market Mortgage Marketing Inventory 316

Housing Wire

OCTOBER 18, 2023

However, permits for future construction recorded a 4.4% Indeed, privately‐owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,473,000, down from 1,541,000 in August. Overall, single‐family housing starts in August came in at a rate of 963,000, which is 3.2%

Construction 442

Construction Development Inventory Mortgage 442

Housing Wire

JULY 23, 2024

Mortgage rates continue to move lower this week even as higher borrowing costs have kept activity subdued across many areas of the housing market. And higher rates are also impacting the future supply of homes, as housing permits have been in a downtrend for a while.“ Data from the U.S. in 2024 and to 6.4%

Mortgage 510

Mortgage Real Estate Agent Finance Buyers 510

Housing Wire

AUGUST 16, 2022

Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. If it wasn’t for solid rental demand boosting multifamily construction this year — 18% year to date —this data line would have looked much worse.

Mortgage 533

Mortgage Construction Inventory Buyers 533

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. Kim: Spreads in the mortgage space are wide.

Housing Market 452

Housing Market Marketing Buyers Investors 452

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. Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). in events to garner business. were from the Northeast 16.3%

Housing Market 404

Housing Market Mortgage Marketing Inventory 404

Housing Wire

FEBRUARY 28, 2024

It is a notoriously expensive housing market and maintains an estimated population of more than 260,000 people, according to data from the 2020 U.S. Like many localities across the country, Marin County leaders describe a housing crisis in their area that they hope to alleviate through the construction of more ADUs.

Construction 393

Construction Finance Mortgage Housing Market 393

Housing Wire

SEPTEMBER 5, 2024

Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market.

Buyers 470

Buyers Marketing Mortgage Real Estate Agent 470

Housing Wire

MAY 17, 2023

The best way to fight inflation and get lower mortgage rates is to get more apartment units finished, and so far, this has been slower than my tortoise Grundy. One of the most frustrating data lines since COVID-19 has been housing completion data. However, you can see why construction employment has stayed firm. It’s a record!

Mortgage 468

Mortgage Construction Housing Market Buyers 468

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). Topics of discussion will include: U.S.

Housing Market 361

Housing Market Marketing Finance Development 361

Housing Wire

JANUARY 27, 2023

What is happening with homebuilders and the new home sales sector as we head into the spring housing market ? On the other hand, mortgage rates have gone down more than 1% since Oct. This makes them much more efficient sellers than existing homeowners, who need to find another house once they sell. months of supply.

Mortgage 532

Mortgage Construction Buyers Inventory 532

Housing Wire

APRIL 5, 2024

Headwinds like mortgage rates , low inventory and rising rents are still strong, but easing,” Zillow Senior Economist Orphe Divounguy, said in a statement. The increase in new listings this spring, due both to new construction and to more homeowners choosing to sell, will give buyers more options and help to ease price growth.

Housing Market 407

Housing Market Marketing Training New Listings 407

Housing Wire

OCTOBER 18, 2024

Since mortgage rates have headed higher again, I was anticipating that today’s housing starts report would be the last decent print before the effects of higher mortgage rates hit the builders, but even this report was disappointing. However, mortgage rates shot up again after the Federal Reserve cut rates on Sept.

Construction 333

Construction Mortgage Housing Market Marketing 333

Housing Wire

AUGUST 2, 2024

Job gains in July were most notable in industries like health care (55,000 jobs), transportation and warehousing (14,000 jobs), and construction (25,000 jobs), a positive for the housing industry. Overall, for the past year, the construction sector has added an average of 19,000 jobs per month.

Marketing 487

Marketing Mortgage Construction Transportation 487

Housing Wire

JANUARY 25, 2024

This is one reason I raised my fifth recession red flag for Housing on June 16, 2022 as I saw that higher mortgage rates would impact new home sales and housing permits. 9, 2022, not only helped the housing market build more homes, but it also boosted the U.S. months , this is just an OK market for builders.

Construction 507

Construction Housing Market Inventory Marketing 507

Housing Wire

DECEMBER 22, 2023

Mortgage rates rising to 8% in October impacted the data line, which I spoke about on CNBC recently. We did have three negative revisions, which ran with the period when mortgage rates rose to 8%. We have seen three months of negative revisions on the data due to those higher mortgage rates. This is 12.2 percent (±15.6

Mortgage 502

Mortgage Marketing Construction Inventory 502

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