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The U.S. Real Estate Boom: Top Cities Leading 50 Years of Development

Appraisal Buzz

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.

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Residential real estate activity picks up despite low inventory

Housing Wire

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. Inventory remains exceptionally low and is restraining sales activity in much of the District.

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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

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
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Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. The post Residential construction jobs now 7.6%

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California Wildfires Cripple LA New Housing Supply  

Appraisal Buzz

Examining Commercial/Residential Property Stock in LA First American calculated the overall size of that inventory in order to translate structures into a more recognizable metric of real estate inventory, such as housing units. The city is renowned for its challenging construction environment.

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The Week Ahead: Ginnie Mae and HUD to Host Summit on Mortgage Market Resilience

Appraisal Buzz

Census Bureau Manufacturing and Trade Inventories (Thursday) U.S. Census Bureau Advance Monthly Retail Sales (Thursday) Freddie Mac Primary Mortgage Market Survey (Thursday) U.S.

Marketing 370
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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

Inventory 435