Housing Wire

FEBRUARY 6, 2025

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. Mortgage interest rates have steadily ramped up throughout 2024. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash.

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Mortgage Training Construction Investors 277

Housing Wire

OCTOBER 21, 2021

The average 30-year-fixed rate mortgage climbed to 3.09% during the week ending Oct. 21, rising from 3.05% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.80%. The MBA has forecast purchase mortgage volume to hit a record $1.73

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Mortgage Supply Chain Inventory Housing Market 476

Housing Wire

FEBRUARY 3, 2022

Thanks to a boom in the housing market and a historic refinance market, the past two years have been a favorable period for the mortgage market. In the process, a historic $9 trillion of mortgage loans were closed over two years. What are the drivers of housing demand in 2022? 2022 Forecast series.

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Housing Market Marketing Supply Chain Mortgage 435

Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. It also downsized its 2022 mortgage origination volume forecast by $55 billion to $3.25 trillion from the $4.36 in 2022.

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Supply Chain Inventory Government New Listings 448

Housing Wire

JANUARY 6, 2022

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. Measuring the housing deficit. The event is exclusively for HW+ members , and you can go here to register.

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Supply Chain Construction Housing Market Inventory 511

Housing Wire

AUGUST 19, 2021

The average 30-year fixed-rate mortgage declined slightly to 2.86% for the week ending in August 19, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates rose to 2.87% , after six consecutive weeks of mortgage rate declines. Last week, mortgage applications decreased 3.9%

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Mortgage Supply Chain Inventory Finance 516

Housing Wire

MARCH 18, 2021

For the third consecutive week, mortgage rates pushed past 3% – with the average mortgage rate for a 30-year fixed loan up four basis points last week to 3.09%, according to Freddie Mac ’s Primary Mortgage Market Survey. Nevertheless, mortgage rates remain near historic lows (they are still 0.8

Supply Chain 535

Supply Chain Mortgage Buyers Inventory 535

Housing Wire

DECEMBER 20, 2022

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. Traditionally, housing starts, permits, and completions would move together, like what we saw in 2002-2005.

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Housing Market Marketing Construction Supply Chain 448

Housing Wire

SEPTEMBER 26, 2024

Today, escalating real estate costs—particularly in high-cost areas—are pricing millions of Americans out of the housing market. Extending the traditional 30-year mortgage to 40 or even 50 years. This could provide the financial flexibility needed to make homeownership achievable for those priced out of the current market.

Mortgage 487

Mortgage Supply Chain Real Estate Investors 487

Housing Wire

APRIL 18, 2023

What is the best news for mortgage rates long-term? It’s getting more supply of apartments! The best way to fight inflation is always by adding more supply; if your goal is to destroy inflation by killing demand, that is only a temporary fix. The housing market is still in a recession until housing permits rise in duration.

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Mortgage Construction Supply Chain Housing Market 521

Housing Wire

NOVEMBER 10, 2022

Finally, some good news: the growth rate of inflation is cooling off for now, and with the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that! This of course led some people to believe that bond yields and mortgage rates would go much higher today.

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Mortgage Supply Chain Housing Market Marketing 537

Housing Wire

MARCH 28, 2022

However, since I had the possibility of the 10-year yield getting to 2.42% and 4% plus mortgage rates, I accounted for that in the range. Due to this reality, I have downgraded the housing market from unhealthy housing to a savagely unhealthy housing market. The days on the market to sell a home is too low.

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Housing Market Marketing Supply Chain Inventory 367

Housing Wire

APRIL 8, 2022

A stunning rise in mortgage rates, historically low levels of inventory , and skyrocketing housing prices are fueling consumer pessimism. Fannie Mae ‘s Home Purchase Sentiment Index, which tracks the housing market and consumer confidence to sell or buy a home, dropped by 2.1 It’s a depressing combination.

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Supply Chain Housing Market Inventory Mortgage 448

Housing Wire

MARCH 23, 2022

“This transaction volume is taking place against a backdrop of continuous supply chain and labor disruptions.”. months supply. Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. This is an increase of 3.3% after a 10.4% drop in January.

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Supply Chain Housing Market Buyers Construction 397

Housing Wire

JANUARY 17, 2024

However, as mortgage rates hit multi-decade highs , cooling demand and shrinking the pool of qualified buyers for new homes, homebuilders slowed their pace of construction, which settled at a plateau that is still well above pre-pandemic levels. ” However, Basu notes supply chains are already facing new pressures in 2024.

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Construction Supply Chain Transportation Buyers 488

Housing Wire

FEBRUARY 9, 2023

Despite this, the NAHB is optimistic that the recent drop in mortgage rates over the past two months might signal that affordability conditions may have reached their low point for this cycle of the housing market. In addition, Q4 also saw average mortgage rates reach a series high of 6.80%.

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Supply Chain Housing Market Marketing Mortgage 395

Housing Wire

MAY 12, 2022

A homeowner is considered equity rich when they have at least 50% equity in their home, a feat more easily accomplished when skyrocketing home price appreciation widens the gap between what someone owes on their mortgage and the value of their house. The portion of mortgaged homes that were equity rich rose from 41.9%

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Supply Chain Housing Market Market Value Buyers 482

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

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Marketing Mortgage Supply Chain Inventory 482

Housing Wire

FEBRUARY 15, 2023

Temperatures are slowly starting to rise in many parts of the country as we head into spring — and so is homebuilder sentiment, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. In January, the survey had 107 respondents.

Mortgage 435

Mortgage Supply Chain Housing Market Construction 435

Housing Wire

APRIL 7, 2022

Purchase mortgage rates have risen faster in the last three months than at any time since May 1994, climbing ever closer to the 5% mark due to a combination of rising inflation , the war in Ukraine, and disruptions to the supply chain. Another index shows mortgage rates even higher. Mortgage rates have increased 1.5

Mortgage 397

Mortgage Supply Chain Inventory Investors 397

Housing Wire

MARCH 12, 2024

But what about the 1970s inflation that led to 18% mortgage rates in the early 1980s? The global pandemic created supply shortages, an extra boost in demand for goods over services, and a massive burst in inflation. Like all pandemics, disinflation follows the pandemic inflation boost as supply chains improve.

Mortgage 514

Mortgage Supply Chain Investors Government 514

Housing Wire

JUNE 18, 2021

The housing market is no stranger to supply constraints. In doing so, he noted, three-quarters of the supply chain simply wasn’t produced. The post Doug Duncan and the housing market’s supply conundrum appeared first on HousingWire. This content is exclusively for HW+ members.

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Supply Chain Housing Market Marketing Inventory 434

Housing Wire

MAY 18, 2021

Housing completions were at a rate of 1.045 million in April, just 0.1% million — proof that builders are delaying housing starts due to the marked increase in costs for lumber and other materials, said Mike Fratantoni, Mortgage Bankers Association ‘s chief economist. above the March rate of 1.04

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Supply Chain Construction Government Inventory 545

Housing Wire

JUNE 19, 2023

For the first time in nearly a year, homebuilder confidence moved into positive territory thanks to strong consumer demand , limited competition from the existing home sales market , and an improving supply chain. The score in June was 55, up five points from May.

Supply Chain 476

Supply Chain Development Inventory Buyers 476

Housing Wire

OCTOBER 18, 2021

Homebuilder confidence continued to rise in October despite increasing affordability issues due to rising material prices and ongoing shortages, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report released on Monday. Treasuries and mortgage-backed debt.

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Supply Chain Inventory Buyers Housing Market 537

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today.

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Inventory Marketing Mortgage Supply Chain 418

Housing Wire

MAY 17, 2021

Homebuilder confidence remained unchanged in the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report , holding steady at 83 for newly built single-family homes in May. The Northeast and Midwest both saw significant drops of four and three points, respectively, to 82 and 75.

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Supply Chain Construction Inventory Housing Market 476

Housing Wire

SEPTEMBER 24, 2021

The housing market over the summer of 2021 appears to have settled at a level lower than the surge in the second half of 2020 into early 2021,” Ben Ayers, a senior economist at Nationwide , said in a statement. Sales of new homes were down 24.3% higher than August 2020.

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Supply Chain Construction Housing Market Buyers 482

Housing Wire

FEBRUARY 1, 2022

Consumer desire for homeownership paired with a low supply of for-sale homes were the main contributors to a red-hot housing market in 2021. However, the data vendor said that the market is beginning shift. months of supply. On a month-over-month basis, home price gains rose by 1.3% by December 2022. “As

Supply Chain 435

Supply Chain Inventory Mortgage Housing Market 435

Housing Wire

APRIL 28, 2022

Horton , the nation’s largest homebuilder by gross revenue and total closings, this week released its second quarter earnings for the fiscal year, which executives deemed “outstanding,” despite ongoing supply chain challenges , “a very tight labor market ,” and the massive uptick in mortgage rates. per diluted share.”

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Supply Chain Construction Inventory Marketing 370

Housing Wire

JULY 17, 2023

” More recently, Beckwitt helped Lennar navigate the most challenging housing market in decades. Surging mortgage rates resulted in cancelations and reduced profits for Lennar and other homebuilders, who still had persistent supply chain issues and worker shortages. billion in the same period last year.

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Supply Chain Housing Market Real Estate Investors 355

Housing Wire

MAY 23, 2024

In the first quarter of 2024, 38% of a typical household’s income was needed to make a mortgage payment on a median-priced, new single-family home in the U.S. That’s according to the Cost of Housing Index (CHI) unveiled Thursday by the National Association of Home Builders (NAHB) and Wells Fargo.

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Supply Chain Insurance Training Construction 466

Housing Wire

MAY 19, 2022

Skyrocketing mortgage rates and a slowdown in new home constructions led to a drop in home purchases in April. Mortgage applications for new home purchases dropped 10.6% in April from the same period last year, according to the Mortgage Bankers Association builder application survey.

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Supply Chain Construction Mortgage Development 459

Housing Wire

MARCH 22, 2021

Rising home prices, limited inventory and the uptick in mortgage rates continued to deter some homebuyers last month as sales of existing homes fell 6.6% The median existing-home price for all housing types in February was $313,000, up 15.8% Fannie Mae on how to make housing more affordable. 2020, as prices rose in every region.

Supply Chain 448

Supply Chain Inventory Realtors Housing Market 448

Housing Wire

FEBRUARY 25, 2021

Despite the decline, many industry observers see big potential for the housing market in the year ahead. It’s no secret that low mortgage rates and societal shifts brought on by COVID-19 have collided to form a red-hot housing market. But home prices have increased. Presented by: Fannie Mae. million in 2020.

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Supply Chain Inventory Housing Market Contracts 405

Housing Wire

NOVEMBER 17, 2023

Indeed, privately‐owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,487,000, up from 1,471,000 in September. Builder confidence declined again on Thursday for the fourth consecutive month as elevated mortgage rates have dampened homebuyer demand.

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Supply Chain Construction Finance Development 452

Housing Wire

JUNE 19, 2023

For the first time in nearly a year, homebuilder confidence moved into positive territory thanks to strong consumer demand , limited competition from the existing home sales market , and an improving supply chain. The score in June was 55, up five points from May.

Supply Chain 370

Supply Chain Development Inventory Buyers 370