Housing Wire

OCTOBER 22, 2024

For-sale inventory of single-family homes is up 33% from a year ago. ” Last week, following the release of construction data for September from the U.S. this month — and unlikely to drop below 6% this year — home prices will likely continue their consistent climb until more inventory comes onto the market in the spring.”

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Sellers Mortgage Marketing Construction 468

Appraisal Buzz

NOVEMBER 22, 2024

Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housing market, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory. of responding specialists agreed.

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Buyers Luxury Properties Marketing Inventory 417

Housing Wire

DECEMBER 7, 2024

The second is in reference to housing inventory. Meanwhile, some analysts believe that hoping for a flood of senior-driven inventory to address the nations housing shortage is more akin to a pipe dream. But these are already relatively more affordable markets with fewer home buying age workers to begin with. housing shortage.

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Inventory Design Marketing Construction 370

Housing Wire

DECEMBER 23, 2024

New home sales grew over last month in the latest Census report , but homebuilders are now facing a supply issue their inventory is building up. This situation poses a risk to construction labor in 2025. Is 2025 the first year we start losing residential construction jobs? This issue extends beyond just housing. percent (18.6

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Construction Inventory Mortgage Development 525

Housing Wire

NOVEMBER 29, 2024

New-home construction in the U.S. has focused on single-family and multifamily inventory growth to boost supply and affordability. But StorageCafe found that in 2023, most states overlooked one key solution to the affordability crisis: more inventory of “middle housing.” The report used U.S.

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Inventory Construction Law Development 395

Appraisal Buzz

NOVEMBER 1, 2024

According to a new Redfin research, in Q3 of this year, an estimated 28% of single-family homes for sale nationwide were newly constructed, the lowest percentage in three years. The total supply of inventory of single-family homes is up 22% over the previous year. Overall construction has slowed. a year ago. Overall U.S.

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Construction Inventory Real Estate Agent Agents 370

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. More inventory should shake loose in 2025, giving buyers a bit more room to breathe. Many are also viewing renting as a longer-term lifestyle.

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Housing Market Marketing Buyers Construction 365

Housing Wire

JANUARY 27, 2025

Todays new home sales report beat market expectations, just like last weeks existing home sales report. For sale Inventory and months supply : The seasonally-adjusted estimate of new houses for sale at the end of December was 494,000. Additionally, there are 268,000 homes currently under construction. Could things improve?

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Construction Inventory Mortgage Development 469

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.

Investors 448

Investors Construction Training Realtors 448

Housing Wire

NOVEMBER 22, 2024

But the narrative is more complex in niche markets like the Texas capital of Austin. Social media posts have fueled speculation that Austin’s rental market is in freefall. Gerli told HousingWire in an emailed response that normalizing market conditions would be indicated by a slow and gradual decline in rents.

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Marketing Housing Market Property Taxes Construction 369

Appraisal Buzz

NOVEMBER 26, 2024

Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. More inventory should shake loose in 2025, giving buyers a bit more room to breathe.” As the market gradually recovers, 2025 should bring more sales and relatively moderate increases in property values. Zillow predicts 4.3

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Housing Market Tenants Marketing Mortgage 396

Housing Wire

JANUARY 27, 2025

New home sales continue to be a bright spot in a dismal housing market. In many markets, there was simply more new home inventory and some buyers who might have wanted to purchase an existing home were instead looking at new construction, said Bright MLS Chief Economist Lisa Sturtevant in a statement.

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Inventory Buyers Housing Market Construction 476

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. Today’s report shows that 258,000 homes are under construction, which amounts to 4.2 Then mortgage rates fell from 7.5%

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Construction Property Taxes Inventory Mortgage 488

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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Construction Transportation Inventory Housing Market 229

Housing Wire

JULY 19, 2024

“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” This could make the overall cost to entry — which is already low — more digestible.

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Construction Finance Development Marketing 488

Housing Wire

MAY 28, 2024

It’s the end of May and unsold inventory on the market is increasing across the U.S. Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing.

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Inventory New Listings Contracts Sellers 534

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said.

Inventory 448

Inventory Housing Market Marketing Construction 448

Appraisal Buzz

DECEMBER 18, 2024

One key finding is that self-storage has seen a 91% increase in inventory since the 1980s. By comparison, retail construction has slowed dramatically, averaging just 41-million square feet annually in recent years due to the rise of e-commerce. Multifamily construction, on the other hand, has seen more consistent growth.

Real Estate 368

Real Estate Development Logistics Retail 368

Housing Wire

JANUARY 12, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. planting us firmly in the first days of 2023 where higher rates and prices threaten to completely paralyze the housing market.

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Inventory Investors Construction Housing Market 541

Housing Wire

OCTOBER 15, 2024

With high prices and still stiff competition, those looking to buy a home in today’s real estate market need to consider every opportunity, including the choice between new construction or a resale home. Census Bureau, the median sale price of a new construction home in March 2024 was $430,700.

Construction 487

Construction Buyers Agents Marketing 487

Housing Wire

MARCH 23, 2023

If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 months and below, this is an excellent market for builders. When supply is 4.3

Inventory 545

Inventory Housing Market Construction Marketing 545

Appraisal Buzz

OCTOBER 11, 2024

Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. Independent mortgage banks play a key role in making this a reality, and this summit will shine a spotlight on their essential contributions to our housing market.”

Marketing 370

Marketing Mortgage Finance Retail 370

Housing Wire

AUGUST 29, 2024

Unsold inventory of homes on the market has been climbing in the U.S. In general, inventory rises with rates because more expensive money slows demand. When demand slows, inventory grows. According to Altos Research , there are 40% more homes on the market at the end of August 2024 than there were last year at this time.

Inventory 482

Inventory Real Estate Housing Market Construction 482

Housing Wire

JULY 19, 2024

But Mohtashami notes that it’s too early for lower interest rates to impact the market. Meanwhile, construction labor is another issue facing the market. We’re worried about construction labor,” Mohtashami said. Despite the inventory growth, Mohtashami said that affordable housing is still somewhat of a “myth“ in America.

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Inventory Construction Mortgage Development 468

Housing Wire

NOVEMBER 26, 2024

Mortgage rates have been rising and the housing market is also experiencing the impacts of hurricanes. However, the Southern states have seen the highest growth in existing inventory, meaning that higher mortgage rates are influencing the figures in this region as well. This represents a supply of 9.5 months at the current sales rate.

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Property Taxes Inventory Construction Housing Market 501

Housing Wire

JUNE 6, 2023

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. New York – The residential sales market has been strong across the District.

Real Estate 459

Real Estate Inventory Construction New Listings 459

Housing Wire

MAY 26, 2022

It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. Yes, crazy to think, but this is a survey trend data line, and the housing market was in free-fall at that time. How can housing inventory be so low today when it skyrocketed back in 2009? housing market.

Inventory 526

Inventory Housing Market Construction Marketing 526

Housing Wire

MAY 3, 2024

No matter where you are in the Tar Heel State, real estate professionals across North Carolina are frustrated by the lack of housing inventory. The challenge remains lack of inventory — that’s definitely the big one,” said Alison Alston , the broker-owner of Charlotte-based Lodestone Real Estate and Investments. “We being outbound. “We

Inventory 416

Inventory Housing Market Marketing Real Estate 416

Housing Wire

JANUARY 22, 2025

Single-family rental ( SFR ) homes are now priced 20% higher than the typical apartment, according to Zillow s rental market report for December 2024. Similarly discouraged, some homeowners may return to the market and sell to capitalize on record prices, rather than continue to wait for lower rates. Zillow analyzed the 50 largest U.S.

Inventory 448

Inventory Home Value Housing Market Buyers 448

Housing Wire

APRIL 11, 2022

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. months for the new home sales market.

Inventory 514

Inventory Housing Market Marketing Modernization 514

Appraisal Buzz

OCTOBER 18, 2024

Department of Housing & Urban Development (HUD) have announced new residential construction statistics for September 2024. Powell at the conclusion of the Federal Open Market Committee (FOMC) meeting. Despite pent-up demand in the housing market, elevated financing costs continue to challenge both buyers and builders,” Kushi noted.

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Construction Housing Market Inventory Home Value 418

Housing Wire

JULY 24, 2024

The drop in sales is causing a rapid rise in unsold inventory. The surge in mortgage rates earlier this spring softened housing demand, leading to a slowdown in sales and an increase in both resale and new home inventory levels,” Zillow senior economist Orphe Divounguy said in a statement. That represents a decline of 7.4%

Inventory 458

Inventory Construction Realtors Marketing 458

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. Index values for December published last week.

Construction 488

Construction Supply Chain Transportation Buyers 488

Housing Wire

JANUARY 24, 2025

Existing home sales finished 2024 on a high note after a dismal year for the housing market. New construction has not been able to keep up with demand. The ongoing lack of inventory was reflected in NARs report. HousingWires comprehensive 2025 market forecast predicts 4.2 million, a 9.3% annual increase. million, down 13.5%

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Inventory Realtors Construction Housing Market 352

Housing Wire

JANUARY 3, 2024

Housing experts expect that a boost in apartment inventory in 2024 will dampen rent growth. Real Estate Market Outlook 2024. About 900,000 units are currently under construction , and 440,000 new units are expected to be completed in 2024, according to the report. However, affordability woes will persist. and Las Vegas.

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Inventory Construction Property Management Real Estate 481

Appraisal Buzz

FEBRUARY 7, 2025

In the years since the COVID-19 pandemic, the Texas economy has boomed, especially in high-demand industries like technology, education, manufacturing and construction. Already-scarce housing inventory from years of under-building was flooded with cash offers, and listing prices and rents soared. of national inventory.

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Inventory Construction Buyers Real Estate 300

Housing Wire

SEPTEMBER 26, 2023

Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said. However, mortgage applications for new home purchases increased 4% between July and August, the strongest pace of sales in three months.

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Inventory Buyers Construction Sellers 511