Housing Wire

MARCH 31, 2022

Mortgage rates keep climbing amid rising inflation , war in Ukraine, and disruptions to the supply chain, and there’s no sign that they’ll fall anytime soon. But this is no normal market. The problem, of course, is inventory. National inventory of active listings declined by 18.9%

Supply Chain 518

Supply Chain Mortgage Inventory Loan Officers 518

Housing Wire

SEPTEMBER 22, 2022

Economists at Fannie Mae say the Federal Reserve ‘s fiscal policy is having its desired effect on the housing market – home price growth began to slow in the summer, and the GSE says the housing slowdown will continue through 2023. The mortgage market is projected to slip further to $2.17 month supply, up from 1.6

Housing Market 431

Housing Market Supply Chain Marketing Inventory 431

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 472

Supply Chain Development Inventory Buyers 472

Housing Wire

MAY 7, 2021

HousingWire spoke to housing market economists and mortgage industry veterans to get their take on how they believe the jobs report will impact the mortgage and housing industries. Regardless, a gain is a gain, and the Bureau of Labor Statistics reported nearly eight million jobs are open for those seeking to reenter the market.

Housing Market 491

Housing Market Supply Chain Marketing Mortgage 491

Housing Wire

JULY 25, 2022

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Freddie Mac projects that home-price growth will average 12.8%

Housing Market 418

Housing Market Marketing Supply Chain Real Estate 418

Housing Wire

JUNE 23, 2021

above where they were a year ago, when COVID-related procedures froze the new home market in place. Related supply chain issues have resulted in a big jump in the price of a new home over the past year. “Policymakers must take action to improve supply-chains in order to protect housing affordability.”

Supply Chain 461

Supply Chain Construction Buyers Development 461

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. The improving job market is all to the positive.

Marketing 480

Marketing Mortgage Supply Chain Inventory 480

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. Horton’s markets.

Supply Chain 347

Supply Chain Construction Inventory Marketing 347

Housing Wire

JANUARY 17, 2024

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. High mortgage rates and home prices quelled the surge in buyer demand, and time seems to have moderated the supply chain shocks.

Construction 455

Construction Supply Chain Transportation Buyers 455

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

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. Policymakers must focus on fixing the broken supply chain.

Supply Chain 521

Supply Chain Inventory Buyers Housing Market 521

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.

Supply Chain 457

Supply Chain Construction Inventory Housing Market 457

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. Khater expects a 3% rate to sustain market interest for many potential buyers.

Supply Chain 535

Supply Chain Mortgage Buyers Inventory 535

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% “Policymakers must address building material supply chain issues to help the economy sustain solid growth in 2021.”. 2020, as prices rose in every region.

Supply Chain 448

Supply Chain Inventory Realtors Housing Market 448

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%

Supply Chain 541

Supply Chain Construction Government Inventory 541

Housing Wire

AUGUST 19, 2021

According to Sam Khater, chief economist at Freddie Mac, as with other parts of the economy, low housing inventory and price increases have dampened sales. In the July Federal Open Market Committee meeting , most participants “judged that it could be appropriate to start reducing the pace of asset purchases this year.”

Mortgage 516

Mortgage Supply Chain Inventory Finance 516

Housing Wire

AUGUST 18, 2021

This is clearly a positive sign given the remarkably low levels of inventory on the market.” The pace of construction should continue to increase, particularly if supply-chain constraints begin to loosen,” he said. from June as an indicator to watch for.

Supply Chain 504

Supply Chain Construction Inventory Buyers 504

Housing Wire

OCTOBER 26, 2021

After 25 days on the market, there were no takers for the 1,400-square-foot home and Pellegrini counseled his client about potentially lowering the listing price. 18 press release that cited labor and supply chain constraints and said its home purchase program hit “operational capacity.” Antonio Pellegrini was stunned.

Supply Chain 531

Supply Chain Real Estate Real Estate Agent Clients 531

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. The market crunch affects borrowers with less money more acutely, economists said.

Supply Chain 368

Supply Chain Housing Market Buyers Construction 368

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 367

Supply Chain Development Inventory Buyers 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. points to 73.2

Supply Chain 448

Supply Chain Housing Market Inventory Mortgage 448

Housing Wire

DECEMBER 13, 2022

It is very good news for the housing market, which has suffered greatly from the affects of rate hikes over the last nine months. from a year ago, suggesting that supply-chain issues may be easing. Housing market observers are watching closely. Defying aggressive action from the Fed is the strong labor market. .”

Housing Market 411

Housing Market Marketing Supply Chain Inventory 411

Housing Wire

FEBRUARY 4, 2022

“Labor force participation rate is important because a labor market with low unemployment and low participation means many Americans are not participating in the economy or contributing to its growth,” Kushi said in a statement. “A A low unemployment rate and a high participation rate signals a healthy labor market.”.

Supply Chain 422

Supply Chain Construction Inventory Retail 422

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% The supply of homes for sale fell to a record low, down 16.5% months of supply; a healthy market generally has between four and six months of supply. from the prior month to a seasonally adjusted annual rate of 6.5

Supply Chain 435

Supply Chain Inventory Buyers Contracts 435

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. In other words, the market and home price appreciation will start to normalize. “As months of supply.

Supply Chain 435

Supply Chain Inventory Mortgage Housing Market 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. “Home price growth will steadily moderate with increased supply, but a broad and prolonged decline in prices is unlikely,” Yun said.

Supply Chain 448

Supply Chain Inventory Buyers Realtors 448

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. Still, new home sales remain high relative to levels since the housing market crash and show continued strong demand from buyers.”

Supply Chain 480

Supply Chain Housing Market Construction Buyers 480

Housing Wire

JULY 20, 2021

“Construction activity could be even higher given a bit more long-term certainty and an easing of critical supply chain volatility,” Speakman said. In many cases, homebuilders have limited the sales of custom homes and capped volume so as to not burn through their existing inventory of materials. ” Privately?

Supply Chain 468

Supply Chain Construction Inventory Buyers 468

Housing Wire

MARCH 16, 2022

For the first time since September 2021, homebuilder confidence in the market for newly built single-family homes has dropped below the 80-point mark, according to the National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI), which was released on Wednesday.

Buyers 394

Buyers Supply Chain Construction Inventory 394

Housing Wire

APRIL 4, 2022

Movement cut 180 jobs in 2018 due to a nationwide downturn in the housing and mortgage market. In a note, the company cited lower mortgage origination forecasts for 2019, rising interest rates and low housing inventory among the reasons for the layoffs. Sound familiar?

Supply Chain 472

Supply Chain Mortgage Retail Loan Officers 472

Housing Wire

OCTOBER 21, 2021

The bond market for months has been preparing for the Federal Reserve to begin tapering its $120 billion in monthly asset purchases , which will send rates further north. The refi mortgage market, which is more rate-sensitive than the purchase market, is expected to suffer. yesterday, its highest rate since May.

Mortgage 469

Mortgage Supply Chain Inventory Housing Market 469

Housing Wire

OCTOBER 15, 2024

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. Both options have their advantages and drawbacks. Luke Babich is the Co-Founder and CEO at Clever Real Estate.

Construction 431

Construction Buyers Agents Marketing 431

Housing Wire

DECEMBER 20, 2022

All the while, builders continued to face supply chain issues , labor shortages and wild fluctuations in material costs. As a result, I think it has actually insulated some aspects of the market. 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

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. Most housing market forecasters believe that the existing home-sales market will likely only improve slightly next year.

Construction 462

Construction Supply Chain Inventory Housing Market 462

Housing Wire

DECEMBER 20, 2022

However, due to the supply chain lag, it took too long to build homes over the last several years. The upside to that is that the builders have this backlog keeping construction workers employed and creating more supply to fight inflation next year. When supply is 4.3 When supply is 4.4

Housing Market 427

Housing Market Marketing Construction Supply Chain 427

Housing Wire

MAY 25, 2021

” Technology for navigating secondary market challenges. In this webinar, MCT COO Phil Rasori and expert guest panelists will review how mortgage lenders can overcome common challenges selling their loans on the secondary market. Presented by: MCT.

Supply Chain 434

Supply Chain Inventory Buyers Construction 434

Appraisal Buzz

JULY 12, 2024

Brian’s responsibilities include daily oversight of all aspects of the company as well as various strategic sales and marketing initiatives. 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.

Inventory 221

Inventory Supply Chain Construction Property Taxes 221