Housing Wire

MAY 11, 2024

Weekly housing inventory data Last week was another week that missed my inventory growth model with higher rates. I am always looking for weekly inventory growth between 11,000 and 17,000 when rates are over 7.25%. Rates have fallen recently and inventory growth was higher last week than the previous week.

Mortgage 482

Mortgage Inventory New Listings Housing Market 482

Housing Wire

AUGUST 16, 2024

One key data line that is flagging a path to recession is the loss of residential construction workers. A while back, HousingWire Editor in Chief Sarah Wheeler and I discussed the risk of recession due to a lack of construction labor. Let’s look at today’s residential construction report and see where we are. From the U.S.

Construction 535

Construction New Listings Inventory Finance 535

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” From a seller’s standpoint it may make a bit more sense to sell now, so we are creating some more inventory and buyer are taking advantage of lower rates and more stable home prices.” According to Altos Research, as of Feb.

Housing Market 468

Housing Market Marketing Inventory 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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Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgage 448

Mortgage Real Estate Inventory Construction 448

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 481

Housing Market Marketing Training New Listings 481

Housing Wire

JUNE 18, 2023

Active housing inventory grew while new listing data fell. Here’s a quick rundown of the last week: Active inventory grew 8,041 weekly. Weekly housing inventory This year’s housing inventory theme has been a walking dead musical chorus of a zombie trying to escape a grave. 6% for a year.

Housing Market 505

Housing Market Marketing Inventory New Listings 505

Housing Wire

JANUARY 26, 2024

The trade group also predicts that rent growth will ease due to sizable growth in apartment construction over the past three years. Looking ahead Confronted with limited existing home inventory, many buyers have pivoted to newly constructed homes. But new listings activity grew by 9.1% year over year.

Contracts 482

Contracts Housing Market Construction Inventory 482

Housing Wire

MAY 23, 2024

New home sales missed estimates , showing that demand isn’t crashing but not growing much either. 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. In this report: 1.9 In this report: 1.9

Marketing 496

Marketing Construction Mortgage Housing Market 496

Housing Wire

JANUARY 1, 2024

If I am wrong and mortgage rates go lower for longer and we don’t get more new listings in 2024, then home prices can grow faster in 2024 because we will have the same issue as before: too many people chasing too few homes. So, this is something to consider only if we see an increase in stressed inventory.

Housing Market 531

Housing Market Marketing New Listings Construction 531

Housing Wire

JUNE 26, 2023

This lack of inventory has also resulted in the return of home price growth in recent months and has boosted new home construction, Fannie Mae ‘s Economic and Strategic Research (ESR) Group said Monday. This has led Fannie Mae to revise its 2023 single-family originations forecast to $1.59 trillion, down from $1.65

Inventory 370

Inventory Construction New Listings Housing Market 370

Housing Wire

APRIL 15, 2024

These metros also continue to grapple with below-average inventory recovery, maintaining pressure on buyers. New Orleans, San Antonio, Tampa, Orlando and Jacksonville are among the locales that posted the slowest month-over-month price growth in March. ” Competition is stiff for attractive listings.

Housing Market 468

Housing Market Inventory Buyers New Listings 468

Housing Wire

JULY 20, 2021

This has dampened new home sales and quickened home-price growth.” ” Mark Palim, deputy chief economist at Fannie Mae , said anecdotal reports of builders delaying or turning down orders to clear a growing construction backlog appears to be borne out by the recent housing starts data. percent,” Palim said Tuesday.

Housing Market 511

Housing Market Marketing Inventory Construction 511

Housing Wire

MAY 30, 2023

Low housing inventory and still-strong demand kept prices high in March, according to the latest according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. The annual growth rate in March 2023 was up 0.7%. On a month-over-month basis, the index was up 1.3% before seasonal adjustment.

Mortgage 435

Mortgage Inventory Construction New Listings 435

Housing Wire

FEBRUARY 16, 2024

New construction starts fell to a seasonally adjusted annual rate of 1.331 million units, down 14.8% New starts in the Northeast and the Midwest fell 20.6% Housing inventory remained low in January and new homes still accounted for about 30% of all homes available for sale. Census Bureau and the U.S.

New Listings 459

New Listings Construction Inventory Sellers 459

Housing Wire

JULY 20, 2023

Homebuilder sentiment rose for the seventh consecutive month and new construction activity slightly pulled back as the cost of materials picked up. Ironically, the elevated mortgage rates are not making a dent on home prices, which remain high because of a depleted inventory.

Mortgage 368

Mortgage Construction Inventory Investors 368

Housing Wire

FEBRUARY 24, 2023

I wouldn’t read too much into the fact that this new home sales report beat estimates, but I would say that in the future, if mortgage rates get back toward 6%, the homebuilders have creative ways to sell their homes that the existing home seller might not be inclined to do. However, this isn’t how inventory grows in America.

Inventory 501

Inventory Construction Housing Market Mortgage 501

Housing Wire

FEBRUARY 16, 2023

Last year we had monthly existing home sales collapse back to 2007 levels, except this time around, NAR has total inventory at 970,000 and not over 4 million. In an odd twist of fate, the delays due to COVID-19 are currently an infrastructure and jobs program for Americans in the construction industry. months of supply.

Construction 526

Construction Housing Market Inventory Marketing 526

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

Supply Chain 448

Supply Chain Inventory Government New Listings 448

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. Housing Inventory. Home price s. million in 2023.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

AUGUST 23, 2023

Builders are taking advantage of the housing market inventory issues , which is why new home sales are growing yearly, even with higher mortgage rates. I often use the term efficient home sellers to describe the home builders in this low inventory environment. They will build as long as new home sales are growing.

Mortgage 370

Mortgage Inventory Construction Sellers 370

Housing Wire

JANUARY 19, 2024

Remember, with median sales prices and inventory, it’s very seasonal. Something notable about this report: Total active listings as the NAR tracks them almost broke under 1 million again. However, remember, the dive in inventory is normal at this time of the year. Below are charts with today’s report and the trend.

Housing Market 492

Housing Market Inventory Contracts Marketing 492

Housing Wire

JULY 25, 2022

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

Housing Wire

OCTOBER 20, 2020

Builders are gearing up for an even faster pace in the months ahead, which is welcome news for households wanting to buy a new home,” Fratantoni said. “The housing market is being constrained by the lack of inventory, with both new and existing homes being sold faster than new listings are arriving.”.

Construction 505

Construction New Listings Housing Market Inventory 505

Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. There are no signs of any surge in listings, and as a result we’ve seen a floor on home prices. New contracts dipped as affordability is out of reach for so many. housing market now. This week continues that trend.

Contracts 435

Contracts Inventory Housing Market Buyers 435

Housing Wire

JUNE 21, 2021

Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. But like the rest of the country, low housing inventory has hit the city hard. The KAAR also said housing inventory dropped for six straight months to start the new year. year-over-year.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Will Springer Realtor

OCTOBER 15, 2024

The recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months,” Lawrence Yun, chief economist for the National Association of Realtors® said in September. The number of Active listings is another eye-opener.

Housing Market 69

Housing Market Marketing Construction Buyers 69

Housing Wire

AUGUST 3, 2022

We see some of this in the active listing data as new listings are declining. Lower rates may pull some of these listings forward as people feel more comfortable with rates down; time will tell. Also, we have to know that we aren’t working from a high level of inventory data as well. NAR total inventory data.

Mortgage 514

Mortgage Inventory Sellers Housing Market 514

Housing Wire

NOVEMBER 28, 2022

The downturn in the LEI reflects consumers’ worsening outlook amid high inflation and rising interest rates, as well as declining prospects for housing construction and manufacturing. In addition, we have a lot of two-unit construction built, which will bring more supply online. NAR total inventory data: 1,220,000 listings.

Transportation 538

Transportation Construction Housing Market Mortgage 538

Lamacchia Realty

MARCH 29, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by fall and into the winter, which in turn caused prices to continue to increase significantly.

New Listings 69

New Listings Inventory Realty Buyers 69

Will Springer Realtor

SEPTEMBER 8, 2021

Others – Meritage Homes (+20% YoY in 2021) and Tri Point Homes (+15-30% YoY in 2022) – expect tremendous growth of new communities. And many of the new projects are larger than in years past. Builders began construction on just under a million single-family homes in 2020. Active listings as of Sept. That’s fair.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

SEPTEMBER 12, 2023

fewer new listings, the rate of sales rose 1.7% Two data points stood out from the latest report by the Northwest Multiple Listing Service: The aforementioned new listings for all homes in the county – 2684 – is at a low not seen for an August since records were shared with brokers (like me) dating back to the mid-1990s. “I

Finance 69

Finance Inventory Construction Buyers 69

Listing Spark

SEPTEMBER 25, 2023

Fewer New Listings The number of new listings hitting the markets has continued to fall, mainly because a substantial segment of the market that was both buying and selling has essentially disappeared. The Rise of New Construction Homes New construction is stepping up to fill the void in the market.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Will Springer Realtor

MARCH 12, 2024

The picture was somewhat similar for single-family homes as a stand-alone category, with new listings up 38% (1845) and sales 41% (1064) stronger month-to-month, but the YoY numbers were more telling, up 31% and down 4.2%, respectively. Months of inventory continue to be a burden on all buyers. Inventory is at 1.3

Buyers 65

Buyers Construction Sellers Inventory 65

Will Springer Realtor

AUGUST 15, 2023

Mortgage rates are high, home prices are high, there’s no inventory.” The season has been shaped by slumping new listings, a slowly climbing number of homes sitting on the market from previous months, fewer closed sales compared to last year and prices moving plus/minus five percentage points year-on-year (YoY).

Sellers 67

Sellers Buyers New Listings Inventory 67

Lamacchia Realty

FEBRUARY 25, 2022

It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by fall into winter, which in turn caused prices to continue to increase significantly.

New Listings 41

New Listings Inventory Realty Buyers 41

Will Springer Realtor

FEBRUARY 13, 2024

The number of newly listed homes more than doubled from December and increased moderately compared with the same time last year, according to data from the Northwest Multiple Listing Service (MLS). Total inventory remains low, however, keeping prices higher on an annual basis. months’ inventory, up from 1.4 King had 1.8

New Listings 64

New Listings Buyers Inventory Lending 64