Remove Construction Remove Modernization Remove Supply Chain
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The Supply Chain Reaction – Interview with Greg Stephens

Appraisal Buzz

Some of the biggest factors affecting the real estate industry are supply chain shortages – rising material prices are adding tens of thousands of dollars to the cost of a new home. Buzz: What is a supply chain shortage? . There are distinct supply chains involving residential and commercial construction.

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New construction vs. resale homes: How agents can guide buyers in today’s market

Housing Wire

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.

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Opinion: Restoring the American Dream: How 40- and 50-year mortgages could reignite homeownership

Housing Wire

Housing shortages : Limited supply, particularly in desirable areas, drives fierce competition and higher prices. Rising construction costs : Supply chain issues and labor shortages have escalated building costs. Demographic shifts : Millennials, now reaching prime home-buying age, have increased demand.

Mortgage 488
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Builders apply the brakes amid canceled contracts

Housing Wire

The best way to fight inflation is to add more supply, and when I look at the housing completion data for the past two years, it just makes me want to puke. 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.

Contracts 545
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Opinion: Why we should implement a mortgage marketplace model

Housing Wire

Fifteen years ago, I launched a business on a mission to modernize and decrease friction in the real estate finance supply chain. To our way of thinking, the model that suits modern mortgage lending to a ‘T’ is the marketplace model. Before that, I cut my teeth in bleeding-edge securities trading environments.

Mortgage 468
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Can 3-D printed homes help solve the housing crisis?

Housing Wire

To Ballard, 3D printing technology is evolving to solve a crisis in modern day America and the world: The failure to meet people’s demand for housing. 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.

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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

In the three years prior to the pandemic, completed foreclosure auctions represented a potential affordable housing supply of 250,000 homes a year on average, according to public record data from ATTOM. This provides modern-feel homes to mostly newer homeowners. In 2019 the number was 200,000.

Inventory 435