Housing Wire

FEBRUARY 4, 2022

After months of growth, the construction sector lost 5,000 jobs in January from December, due to the loss of 9,500 jobs in heavy and civil engineering construction. As a whole, the construction sector is still 85,000 jobs below its February 2020 level. Residential building construction employment is up 5.3%

Supply Chain 435

Supply Chain Construction Inventory Retail 435

Housing Wire

JULY 13, 2024

Weekly housing inventory data This week’s data was hit with the July 4th bug. So, I will not make any statements about the decline in inventory week to week, except that it’s been affected by the holiday and we should get back on trend next week. have higher inventory data than the national data.

Mortgage 514

Mortgage New Listings Inventory Contracts 514

Housing Wire

JANUARY 8, 2021

Due to massive losses in the servicing sector outnumbering professional and construction job gains, the raw number of nonfarm payroll employment fell by 140,000 – the first decline since April of last year. More workers in the sector should support the faster pace of housing construction the market needs,” Fratantoni said.

Construction 468

Construction Retail Law Inventory 468

Housing Wire

JANUARY 18, 2024

However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale,” said Sam Khater, Freddie Mac’s chief economist. Housing starts declined 9% in 2023, an indication that homebuyers looking to purchase a new construction home may continue to struggle with the lack of inventory this year.

Mortgage 532

Mortgage Inventory Retail Construction 532

Housing Wire

AUGUST 28, 2023

Retail lender Guild Mortgage announced Monday the acquisition of First Centennial Mortgage, a privately-held Illinois-based lender with 15 branches predominantly in the Midwest and a presence in 17 states. The terms of the deal were not disclosed. The company had 227 active loan officers and originated $830 million in the last 12 months.

Mortgage 370

Mortgage Retail Loan Officers Construction 370

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. Simultaneously, retail sales improved modestly and industrial production declined on waning demand. Hence, the lower mortgage rates bring little relief to hopeful homebuyers.

Mortgage 370

Mortgage Construction Inventory Investors 370

Housing Wire

APRIL 27, 2021

But for DivcoWest the single-family rental markets represents a shift from the San Francisco company’s general focus on office, retail, industrial, and multifamily spaces. Also, less than a year ago JPMorgan Chase pledged $625 million to American Homes 4 Rent for construction of 2,500 single-family rentals in the Southeast and West.

Real Estate 370

Real Estate Renovations Retail Inventory 370

Housing Wire

AUGUST 31, 2022

Tricon is contributing to a nationwide surge in single-family build-for-rent (SFBFR) construction. An analysis by the National Association of Home Builders (NAHB) found that there were some 21,000 SFBFR construction starts across the country during the second quarter of 2022, up 91% from the same period in 2021. in July and by 2.1%

Marketing 397

Marketing Supply Chain Construction Development 397

Housing Wire

DECEMBER 14, 2024

If spreads had remained as unfavorable as last year, we would likely see fewer housing permits and starts, and we might have faced a loss of residential construction jobs in certain parts of the U.S. Weekly housing inventory data We are experiencing a seasonal decline in housing inventory , which seems normal.

Mortgage 448

Mortgage Inventory New Listings Contracts 448

Housing Wire

MARCH 8, 2024

Meanwhile, retail trade, mining, quarrying, oil and gas extraction, manufacturing, wholesale trade, information, and financial activities posted fewer jobs in February. In February, employment continued to trend up in construction, adding 23,000 jobs month over month. Average hourly earnings for private-sector employees grew by 0.1%

Transportation 476

Transportation Retail Housing Market Construction 476

Housing Wire

FEBRUARY 12, 2024

It also has a niche in construction and manufactured home loan programs. Proprietary Capital expects to add products and gain market share across all channels after the ARF acquisition, the company said in a statement.

Lending 456

Lending Renovations Construction Finance 456

Housing Wire

OCTOBER 2, 2020

However, as businesses attempt to safely reopen, leisure and hospitality as well as retail trade saw employment gains of 318,000 and 142,000 in September, respectively. According to the survey, 19.4 million people reported that they had been unable to work because their employer closed or loss business due to the pandemic, down from 24.2

Tenants 435

Tenants Government Retail Business 435

Housing Wire

MARCH 28, 2022

The one thing that has happened in 2022 that has been worse is that national inventory levels have worsened in 2022 to start the year. Inventory has been falling for years. HousingWire: How will rising rates affect new home construction? Housing construction will be impacted if the monthly supply for new homes breaks above 6.5

Housing Market 370

Housing Market Marketing Supply Chain Inventory 370

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. TreeHouse worked with Tesla on an ecofriendly home battery and opened a 25,000-square-foot retail store in Dallas.

Construction 418

Construction Supply Chain Investors Business 418

Housing Wire

MAY 24, 2023

retail residential mortgage applications. The housing market received positive data on new residential construction – which is seen as a key solution to the lack of housing inventory,” Kan added. The latest MBA data published on Wednesday morning shows that mortgage loan applications decreased 4.6% Refis comprised 27.4%

Mortgage 397

Mortgage Inventory Retail Housing Market 397

Housing Wire

SEPTEMBER 22, 2022

Business is at a “dead stop,” said a retail loan officer in Michigan. This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. During the past 18 months — when refis were low-hanging fruit — the LO closed around $3 million a month. million to 1.93

Mortgage 397

Mortgage Loan Officers Inventory Retail 397

Housing Wire

APRIL 28, 2022

The residential housing market has turned quickly due to historically low inventory of homes for sale and a rapid rise in interest rates due to inflation,” Cindy Flynn, chief marketing and communications officer, said in a statement. “We, It made way for the creation of 450 new jobs after the construction ended in summer 2021.

Mortgage 370

Mortgage Loan Officers Retail Construction 370

Housing Wire

MAY 21, 2024

I’m still focusing on those markets with very low (retail) inventory. That investor was willing to lose money on the deal just to keep his construction crew busy. “I It’s very, very market dependent right now. If I get something it will be a bidding war (when I sell).”

Marketing 476

Marketing Investors Real Estate Investing 476

Housing Wire

FEBRUARY 4, 2022

Even though total construction jobs fell, residential construction jobs had another positive month. Job openings for construction workers are still historically high today as the need for labor in America is very high. Retail sales have slowed down, which should have been expected. Here is a breakdown of today’s job data.

Construction 459

Construction Retail Mortgage Marketing 459

Housing Wire

DECEMBER 29, 2021

Retail sales have been off the charts, job openings are at 11 million, GDP growth picked up big time and jobless claims hit a level last seen in 1969. Housing permits are growing and this is a good thing for the economy and construction jobs. However, not only did the U.S.

Housing Market 534

Housing Market Marketing Construction Mortgage 534

Housing Wire

MARCH 14, 2025

There is currently an inventory of 642,359 properties. There are about 790,000 multi-unit properties under construction as of December 2024. Over the past year in the retail sector , the absorption rate has fallen by 54%, rent growth has declined to 1.9% The price per square foot is $216, increased from $213 in March 2024.

Real Estate 354

Real Estate Marketing Real Estate Agent Sellers 354

Housing Wire

DECEMBER 20, 2021

I have never believed in the housing construction boom premise as mature economies don’t have construction booms with slowing population growth. Housing inventory has been falling since 2014 and mortgage purchase applications have been rising since then. I would like to see inventory get toward 1.52 – 1.93

Housing Market 544

Housing Market Inventory Mortgage Marketing 544

Housing Wire

DECEMBER 16, 2021

While the market has struggled with a lack of inventory in 2021 and builders have reported ongoing supply chain challenges, there are more than 700,000 homes under construction right now, and a growing inventory of new homes for sale. The inventory of existing homes remains quite tight at less than 2.5

Marketing 482

Marketing Mortgage Supply Chain Inventory 482

Housing Wire

JANUARY 6, 2023

As a mortgage banker who does business solely in New Jersey, Gallo expects to see home equity loans and mortgage loans getting love in the new year — due primarily to the lack of inventory in his market and the equity built up in owners’ homes. Connie Kim: Have you also noticed retail LOs moving over to the wholesale channel?

Business 435

Business Loan Officers Clients Inventory 435

Appraisal Today

SEPTEMBER 13, 2024

6 Tips for Appraising New Construction Homes Excerpts: Lenders, FHA, and the GSEs (Fannie Mae and Freddie Mac) treat new construction a little differently. When appraising new construction homes, certain factors that don’t always apply to existing dwellings must be considered. Keep a file of local building costs 4.

Construction 79

Construction Appraisal Contracts Mortgage 79

Housing Wire

AUGUST 8, 2023

The California housing market in particular has been extremely slow, with inventory at all-time lows and few home sales. Florida followed as a distant second with $32.3 billion originated in 2022 and New York was third at $27 billion. In June , existing, single-family home sales declined 4% from May and 19.7% from June 2022.

Insurance 370

Insurance Mortgage Lending Clients 370

GoForrmz

AUGUST 3, 2023

is a cloud-based construction project management software that allows users to manage all types of construction projects, including industrial plants, office buildings, apartment complexes, university facilities, retail centers, and more. Procore Procore Technologies, Inc. ,

Project Management 143

Project Management Construction Business Technology 143

Simonson Real Estate

JULY 22, 2021

As an example, consider the characteristics for a retail district. According to The Appraisal of Real Estate, 14 th Edition, published by the Appraisal Institute, a defining characteristic of a retail district is a concentration of competing retail locations, often along a major street.

Valuation 78

Valuation Retail Real Estate Construction 78

Hank Miller Team

DECEMBER 17, 2021

The Jan/Feb inventory bounce always happens; and it did in 2020 until the world stopped. See the inventory bumps as we head into the first quarter? Right now (mid Dec 2021) we’re dragging the bottom for inventory; we're finding old shipwrecks, dead fish, plenty of garbage and a few Mafia bodies. Is new construction the answer?

Buyers 98

Buyers Supply Chain Inventory Real Estate 98

Appraisal Today

MAY 27, 2022

6 Tips for Appraising New Construction Homes. Excerpts: New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. To read more tips, click here. percent from 4.42

Construction 52

Construction Appraisal Modernization Contracts 52

Appraisal Today

NOVEMBER 1, 2024

The ranch dates to the late 1800s, and its multiple properties include a 4,980-square-foot lakefront home with a waterside cabana, an under-construction 7,713-square-foot architect-designed residence and a number of cabins. closed-end residential mortgage applications originated through retail and consumer direct channels.

Appraisal 91

Appraisal Training Contracts Mortgage 91

The Robert Weiler Company

SEPTEMBER 7, 2022

The sector’s inventory levels, sales volume, and average sales prices indicate that momentum will continue this year. We’ve seen incredible sales numbers, houses selling faster than ever, and a low inventory of new homes. On the other hand, the average prices for office buildings, hotels, and retail malls declined in 2021.

Marketing 78

Marketing Real Estate Investing Retail 78

Valuation Nation

OCTOBER 16, 2022

Even with the higher rates the shortage of inventory has not allowed prices to start tapering down, yet. Inventory levels. REO and Short Sale Inventory. Wea re also excluding any new construction or lender owned homes. Let us take a gander at inventory. So, what metrics are worth watching? Long term rentals.

Real Estate 116

Real Estate Appraisal Marketing Inventory 116

Eppraisal

DECEMBER 14, 2021

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. " Housing Inventory Is Fannie Mae correct about the supply of sell-able homes in late 2021 and 2022? Some are counting on new construction and a sell-off by landlords to supplement the present reserve.

Real Estate 67

Real Estate Supply Chain Marketing Inventory 67

Quicken Loans

MAY 11, 2021

Inventory is tight right now and there’s no better sign of that than existing home sales, which fell quite a bit despite high demand. Retail Sales. Retail sales for the month of March were up 9.8% New Residential Construction. Completed home construction was up 16.6% The Big Story. Existing home sales fell 3.7%

Real Estate 36

Real Estate Inventory Marketing Real Estate Agent 36

Appraisal Today

JANUARY 31, 2025

By Kevin Hecht Excerpts: When to Use the Cost Approach There are circumstances when its necessary to use the cost approach, for example, unique properties and new construction. If you only do GSE appraisals, you probably dont use the Cost Approach very often, except for new construction. This article explains when and why.

Appraisal 68

Appraisal Contracts Real Estate Insurance 68

Appraisal Today

APRIL 5, 2024

With shifts in existing and pending home sales, new home sales, construction activity, and economic indicators such as inflation and mortgage rates, appraisers are navigating a complex landscape. Appraisers must consider regional economic conditions, inventory levels, and buyer sentiment when evaluating properties. percent from 6.27

Appraisal 86

Appraisal Contracts Business Construction 86