Housing Wire

JUNE 23, 2021

Related supply chain issues have resulted in a big jump in the price of a new home over the past year. The home can be in any stage of construction: not yet started, under construction or completed. For new homes, that supply is sitting at roughly 5.1 months at the current sales rate. 9% from April to 5.8

Supply Chain 461

Supply Chain Construction Buyers Development 461

Housing Wire

APRIL 28, 2022

builder confidence, housing starts, homebuilder, builder, lumber, construction costs. Auld said the homebuilder started construction on 24,800 homes this quarter and homes and inventory “increased 30% from a year ago with only 600 unsold completed homes across the nation. per diluted share.” That’s up from $2.53

Supply Chain 347

Supply Chain Construction Inventory Marketing 347

Housing Wire

FEBRUARY 13, 2024

While Alabama agents might feel good about their state’s prospects as a migratory hotspot, they must also face the repercussions of a growing population — namely increased pressure on the state’s already constrained housing inventory. Inventory was the theme last year and it is shaping up to be the theme this year,” Ellison said.

Construction 384

Construction Supply Chain Inventory Agents 384

Housing Wire

AUGUST 18, 2021

in July compared to the prior month, an indication that construction supply lines are still choked and near record-high home prices are shutting out scores of buyers. “There are now almost 690,000 single-family homes under construction – the largest number since 2007. Housing starts in the U.S. million units. .

Supply Chain 504

Supply Chain Construction Inventory Buyers 504

Housing Wire

NOVEMBER 10, 2022

In response, multifamily construction has skyrocketed over the last year, hitting a historic high of 841,000 units under construction nationwide in June of this year, according to research from the National Multifamily Housing Council and the National Apartment Association. Department of Housing and Urban Development.

Construction 438

Construction Supply Chain Buyers Development 438

Housing Wire

MAY 18, 2021

“Supply chain constraints are holding back a housing market that should otherwise be picking up speed, given the strong demand for buying fueled by an improving job market and low mortgage rates,” Fratantoni said. Housing completions were at a rate of 1.045 million in April, just 0.1% above the March rate of 1.04

Supply Chain 541

Supply Chain Construction Government Inventory 541

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 422

Supply Chain Construction Inventory Retail 422

Housing Wire

MAY 17, 2021

Overall, homebuilder confidence in the market remains strong due to a lack of resale inventory, low mortgage interest rates and what NAHB Chairman Chuck Fowke called “a growing demographic of prospective home buyers” — even as younger homebuyers struggle to compete in a hot market.

Supply Chain 457

Supply Chain Construction Inventory Housing Market 457

Housing Wire

JULY 20, 2021

million in June, as construction companies broke ground on a greater number of both single-family and multifamily buildings last month. But crucial supply issues are preventing future builds from getting off the ground. The country still lacks an adequate supply of inventory, noted George Ratiu, Realtor.com senior economist.

Supply Chain 468

Supply Chain Construction Inventory Buyers 468

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Let’s look at the new construction forecast for 2024. million new single-family construction units in 2024.

Construction 462

Construction Supply Chain Inventory Housing Market 462

Housing Wire

OCTOBER 18, 2021

As housing inventory remains low and buyers are continuing to face strong competition with one-third of homes going under contract within a week , many are becoming discouraged and have started looking for alternative options. Policymakers must focus on fixing the broken supply chain. Treasuries and mortgage-backed debt.

Supply Chain 521

Supply Chain Inventory Buyers Housing Market 521

Housing Wire

MAY 8, 2023

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 401

Inventory Renovations Supply Chain Buyers 401

Housing Wire

SEPTEMBER 24, 2021

“Builder sentiment remains strong and housing demand is being supported by ongoing low mortgage interest rates and a shortage of existing home inventory,” Chuck Fowke, chairman of the National Association of Home Builders , said in a statement. Nearly 80% of homes sold in August were either under construction or yet to be built.

Supply Chain 480

Supply Chain Housing Market Construction Buyers 480

Housing Wire

MARCH 23, 2022

This transaction volume is taking place against a backdrop of continuous supply chain and labor disruptions.”. months supply. Inventory is at a record low and homes are selling within a week of being listed – more than two weeks faster than they did in February 2020.”. This is an increase of 3.3% This is an increase of 3.3%

Supply Chain 368

Supply Chain Housing Market Buyers Construction 368

Housing Wire

MARCH 16, 2022

While buyer demand remains high, experts say ongoing lumber and building material supply side issues , labor shortages , rising construction costs and expectations of higher interest rates are contributing to this downturn in homebuilder confidence.

Buyers 394

Buyers Supply Chain Construction Inventory 394

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. What are you expecting to see next year in terms of supply chain issues?

Supply Chain 371

Supply Chain Construction Inventory Finance 371

Housing Wire

SEPTEMBER 22, 2022

Homebuilders may have been reluctant to do so until recently as supply chain bottlenecks and labor shortages have resulted in an elevated share of homes for sale still being under construction compared to the historical norm,” according to the report by the ESR Group. month supply, up from 1.6

Housing Market 431

Housing Market Supply Chain Marketing Inventory 431

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% percent sales growth in January was good news, the drop in for-sale inventory to an all-time low at 860,000 units is a cause for concern,” said Joel Kan, the Mortgage Bankers Association’s AVP of economic and industry forecasting.

Supply Chain 435

Supply Chain Inventory Buyers Contracts 435

Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. ” Ruben Gonzalez, Keller Williams chief economist, added that he is “optimistic” new home construction will pick up.

Supply Chain 448

Supply Chain Inventory Buyers Realtors 448

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

Appraisal Buzz

NOVEMBER 12, 2024

Researchers say aging home inventory, climate and weather-related issues, and building material price inflation collectively have contributed to rising home-care costs. On the upside for homeowners, 2024’s 1.7% Q2-Q3 increase reflects a deceleration in pace compared to a 2.47% rise during the same period last year. is approximately 43 years.

Supply Chain 417

Supply Chain Construction Inventory Appraisal 417

Housing Wire

MAY 25, 2021

Higher material costs , a lack of inventory and labor continue to drive demand, pushing up home prices. Robert Frick, corporate economist at Navy Federal Credit Union , noted that some builders are slowing production in hopes prices will come down as the supply chain recovers. Presented by: MCT.

Supply Chain 434

Supply Chain Inventory Buyers Construction 434

Appraisal Buzz

JULY 12, 2024

housing inventory so tight right now, how can vacant properties play a role? Brian Cullen: Vacant properties hold the potential to provide significant relief to today’s inventory challenge. Many of these properties can be repaired and listed for sale, resulting in increased inventory, and relieving some of the current pricing pressure.

Inventory 221

Inventory Supply Chain Construction Property Taxes 221

Housing Wire

NOVEMBER 17, 2022

However, for the first time in recent modern-day history — due to supply chain issues and other factors — housing completion data has lagged behind housing permits and starts. For this reason, the number of housing units “under construction” is the largest ever recorded in history because they were taking so long to finish.

Contracts 536

Contracts Construction Supply Chain Marketing 536

Housing Wire

MARCH 15, 2023

The NAHB attributes the increase to the lack of existing home inventory shifting demand to the new home market. And a follow-on effect of the pressure on regional banks, as well as continued Federal Reserve tightening, will be further constraints for acquisition, development and construction (AD&C) loans for builders across the nation.

Supply Chain 353

Supply Chain Inventory Loan Conditions Construction 353

Eyes on Housing

MAY 16, 2023

Limited existing inventory, which has put a renewed emphasis on new construction, resulted in a solid gain for builder confidence in May even as the industry continues to face several challenges, including building material supply chain disruptions and tightening credit conditions for construction loans.

Supply Chain 172

Supply Chain Inventory Construction Marketing 172

Housing Wire

APRIL 18, 2023

Currently, new home sales have been trending better as the builders are taking advantage of low existing inventory. However, because of the COVID-19 delays, we are still working through a backlog of homes under construction. As you can see in the chart below, we have a historic number of 5-unit construction in the works.

Mortgage 501

Mortgage Construction Supply Chain Housing Market 501

Housing Wire

SEPTEMBER 26, 2024

Rising construction costs : Supply chain issues and labor shortages have escalated building costs. Investor activity : Institutional investors purchasing single-family homes for rentals have reduced inventory for individual buyers.

Mortgage 441

Mortgage Supply Chain Real Estate Investors 441

Housing Wire

MAY 7, 2021

“Additionally, supply chain challenges across the economy are likely impeding the pace of activity and pushing up input costs for many employers.

Housing Market 491

Housing Market Supply Chain Marketing Mortgage 491

Housing Wire

FEBRUARY 16, 2023

With economic uncertainty and supply chain issues plaguing the industry, homebuilders pulled back last month. As new completed home inventory rises, it will provide some much-needed relief to a supply-starved market.” Homes were started at an estimated annual pace of 1.309 million in January, down 4.5% year over year.

Supply Chain 335

Supply Chain Construction Inventory Development 335

Housing Wire

SEPTEMBER 14, 2022

Since the spring, inventories were substantially lower in Rhode Island, Maine, and Vermont, but moderately higher in Massachusetts (including Boston proper) and New Hampshire. In New York City, as well as across most of the district, homes sales tapered off, and the inventory of available homes, though still very low, edged higher.

Construction 369

Construction Real Estate Inventory Supply Chain 369

Appraisal Buzz

OCTOBER 26, 2021

Housing demand has held strong, as buyers continue to pay above asking prices in a market stifled by tight inventory and a deceleration in construction due to supply chain concerns. The post Annual Home Price Gains Remained High in August appeared first on theMReport.com.

Supply Chain 195

Supply Chain Construction Inventory Buyers 195

Housing Wire

DECEMBER 20, 2022

This is the reason construction workers still have jobs, and that backlog needs to be finished; this is a positive outcome. The bigger story here is that if we want to see mortgage rates fall, we need more rental units, and right now we have a massive backlog of 2-unit homes under construction — over 900,000. When supply is 4.3

Housing Market 427

Housing Market Marketing Construction Supply Chain 427

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 480

Marketing Mortgage Supply Chain Inventory 480

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. This means that the doors, windows, electrical all are done by contractors after the walls have been constructed.”.

Construction 410

Construction Supply Chain Investors Business 410

Housing Wire

JUNE 23, 2023

Some of the best performing stocks in America this year are from large, national homebuilders – strong consumer demand , limited competition from the existing home sales market , and an improving supply chain have boosted their outlooks. from April, and up 5.7% from May 2022, to 1.63 million.

Supply Chain 359

Supply Chain Construction Buyers Mortgage 359

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 309

Housing Market Marketing Supply Chain Inventory 309