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 497

Marketing Construction Mortgage Housing Market 497

Housing Wire

AUGUST 16, 2024

housing policies have made it more difficult to build new homes in certain areas due to overly restrictive zoning. Furth urges the audience to study housing from a new listings perspective instead of a market price perspective. Higher construction costs create a shortage of listings and vice versa.

Construction 467

Construction Development Government Housing Market 467

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. We haven’t had new listings data break over 90,000 in the peak seasons of 2021, 2022 or 2023.

Housing Market 531

Housing Market Marketing New Listings Construction 531

Housing Wire

MAY 28, 2024

Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. New listings climbed during the past week and there are now 72,000 more single-family homes on the market.

Inventory 534

Inventory New Listings Contracts Sellers 534

Inman

OCTOBER 19, 2023

But new listings aren't declining as quickly, Redfin reports. Homebuyers are backing away from the market as mortgage rates continue to climb.

New Listings 187

New Listings Buyers Marketing Mortgage 187

Housing Wire

APRIL 5, 2024

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. The housing train is slowing down just enough to give more first-time buyers an opportunity to hop on board,” Divounguy said.

Housing Market 482

Housing Market Marketing Training New Listings 482

Housing Wire

MAY 11, 2024

Here’s the new listings data for last week over the last several years: 2024: 68,843 2023: 61,911 2022: 73,107 Price-cut percentage In an average year, one-third of all homes take a price cut — this is standard housing activity. This is a significant shift, considering 2023 marked the lowest level ever recorded.

Mortgage 482

Mortgage Inventory New Listings Housing Market 482

Housing Wire

MARCH 6, 2024

Though mortgage rate lock-in continues to limit new listings, particularly in the New York City suburbs, listings have increased in upstate New York as people have continued to leave the area for warmer climates. Most expect their pipeline of contracts to keep construction busy through the year.

Mortgage 448

Mortgage Real Estate Inventory Construction 448

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

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

FEBRUARY 16, 2023

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. As you can see below, housing completions are slowly moving along; the homebuilders have more new homes under construction that they haven’t even started yet than active new homes for sale.

Construction 526

Construction Housing Market Inventory Mortgage 526

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

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” With existing inventory down, Schuler said new construction has taken on a larger role in his market. Very few new construction homes are going up in our area,” Diamond said. 23, 2024.

Housing Market 468

Housing Market Marketing Inventory Construction 468

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 466

New Listings Construction Inventory Sellers 466

Appraisal Buzz

JUNE 14, 2024

New listings: New listings rose most in San Jose, CA (32.7%), Seattle (31.2%) and Denver (31.1%). They fell most in Atlanta (-7.7%), New Orleans (-4.4%) and Greensboro, NC (-4.3%). Active listings: Active listings rose most in North Port, FL (51.1%), Tampa (46%) and Cape Coral (45.1%). Ongoing U.S.

Sellers 435

Sellers Buyers New Listings Mortgage 435

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 448

Inventory Housing Market Marketing Construction 448

Housing Wire

JULY 7, 2022

In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings. In Seattle, Dan Keller reported 47% of all listings had price reductions. Slow construction and restrictive zoning laws.

Inventory 418

Inventory Marketing Mortgage Supply Chain 418

Housing Wire

FEBRUARY 24, 2023

months of the supply is active listings, 68K 5 months of the supply is still under construction, 280K 1.6 When we look at active listings today, we are still at 980,000, near all-time lows, even with the recent massive hit to demand. To get more inventory you need more Americans to list their homes. When supply is 4.3

Inventory 501

Inventory Construction Housing Market Mortgage 501

Housing Wire

AUGUST 29, 2024

That means currently just over 700,000 single-family homes are unsold, with about 10% of those going into contract each week, and another 75,000 new listings. These destination states have almost all had the highest rates of new construction in the country. Inventory is climbing but it’s still pretty restricted.

Inventory 482

Inventory Real Estate Housing Market Construction 482

Housing Wire

APRIL 15, 2024

New Orleans, San Antonio, Tampa, Orlando and Jacksonville are among the locales that posted the slowest month-over-month price growth in March. There are places where new construction relieved some pressure, and where homeowners are less locked into their mortgage, but not in the nation’s most expensive metros.

Housing Market 468

Housing Market Inventory Buyers New Listings 468

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. Census Bureau showed that about 1.69

Inventory 370

Inventory Construction New Listings Housing Market 370

Housing Wire

MAY 30, 2023

Low inventory , maintained by an extremely low level of new listings coming onto the market, has fueled demand amongst the few buyers who can afford to stay shopping. As inventory remains a challenge in this market, so too will affordability be rocked by stubbornly high prices that aren’t looking to move drastically any time soon.

Mortgage 435

Mortgage Inventory Construction New Listings 435

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. As a result, after more than a year of new listings lagging behind the previous year’s pace, the number of homes for sale has tracked lower than last year’s levels for the past four weeks.

Mortgage 370

Mortgage Construction Inventory Investors 370

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. Despite the recent increase in the 10-year yield, mortgage rates have performed better than in the past because the spreads have not worsened.

Mortgage 448

Mortgage Inventory New Listings Contracts 448

Housing Wire

SEPTEMBER 20, 2021

The government sponsored enterprise remarked that the “supply of inventory [is] near historical lows and the pace of new listings [is] too low to sustain the current sales pace.”. The reason for the slowdown stems from a problem that continues to persist: a lack of inventory.

Supply Chain 448

Supply Chain Inventory Government New Listings 448

Housing Wire

JUNE 16, 2021

If the fed were to tighten policy, Fannie Mae’s ESR Group expects this to drag on upcoming housing market growth and even stifle home sales, house prices, construction and mortgage originations. million – an expected result of a market scrambling to get new builds up. Existing home sales pulled back in April by 2.7%

Housing Market 508

Housing Market Development New Listings Marketing 508

Housing Wire

JANUARY 5, 2023

However, weeks after that call, the new listing data started to decline noticeably, which makes that call much harder to happen in 2023. However, I acknowledge that the housing dynamics have changed a lot since that forecast in June as new listing data declined. million in 2023. million for 2023. Housing recession.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

JULY 25, 2022

Homes listed for sale are increasingly seeing asking-price reductions, and both construction and home sales — both existing and new — are slowing.”. Cleveland — Residential construction and real estate activity softened further amid rising interest rates. Single-family construction declined slightly.

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

Housing Wire

JANUARY 19, 2024

Yesterday on CNBC , I talked about the state of the housing market and how important it was that the builders’ confidence data was rising because that keeps construction workers employed and building homes. This is related to the fact that even though the apartment boom is over, single-family permits are still rising.

Housing Market 493

Housing Market Inventory Contracts Marketing 493

Housing Wire

AUGUST 23, 2023

They will build as long as new home sales are growing. months, the builders will pause construction. months of the supply are homes that are still under construction — about 254,000 homes 1.8 This is the biggest reason new listings data has been trending at the lowest levels ever. When supply is 4.4-6.4

Mortgage 370

Mortgage Inventory Construction Sellers 370

Housing Wire

OCTOBER 20, 2022

Home purchase sentiment hit its lowest level since 2011 and home builder sentiment fell for the 10th consecutive month in September as construction activity slowed. Sellers are responding to the shift in the market and pulling back on listing activity, resulting in a 9.8%

Mortgage 435

Mortgage Sellers Buyers New Listings 435

Housing Wire

DECEMBER 6, 2024

For buyers, you may want to link to new listings that fit their must-haves. Use snippets from your longer content (like blogs) for your newsletter and include links to direct your audience back to your website. You can do the same with your social media channels.

Real Estate 397

Real Estate Clients Tools Sellers 397

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. Rates also need to stay at that lower for longer as well.

Transportation 538

Transportation Construction Housing Market Mortgage 538

Housing Wire

MARCH 14, 2025

The median list price of homes in the US is $435,000; the median price of new listings is $435,900. There are about 790,000 multi-unit properties under construction as of December 2024. This proves your expertise to clients and allows you to provide them with knowledge about the real estate market. Rent prices are up 0.3%

Real Estate 360

Real Estate Marketing Real Estate Agent Sellers 360

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. The downside of rates moving up so quickly is that some sellers pull the plug until rates are better.

Mortgage 514

Mortgage Inventory Sellers Housing Market 514

Appraisal Buzz

OCTOBER 11, 2024

Pending sales—a more current gauge of housing market activity that includes both existing and newly constructed homes—fell to the lowest level on record aside from April 2020. New listings, seasonally adjusted 526,740 1.6% Total homes for sale, seasonally adjusted (active listings) 1,636,415 -0.3% New listings rose 1.6%

New Listings 195

New Listings Buyers Housing Market Real Estate Agent 195

Housing Wire

SEPTEMBER 12, 2023

So, the author tried to use new construction prices from back in April to describe the whole U.S. The median price of the newly listed cohort is $390,000 now, that’s down from last week and essentially unchanged vs last year. If home prices are tanking, that means more borrowers are under water. housing market now.

Contracts 435

Contracts Inventory Housing Market Buyers 435