Housing Wire

JANUARY 6, 2022

Any market characterized by rising demand against insufficient supply is Econ 101 for price growth. Many of these supply-side challenges facing builders existed prior to the pandemic but have worsened considerably over the course of the pandemic. You can’t buy what’s not for sale. It’s not all bad news, however.

Supply Chain 510

Supply Chain Housing Market Construction Inventory 510

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

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.” billion to $36.1

Supply Chain 347

Supply Chain Construction Inventory Marketing 347

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. “Policymakers must take action to improve supply-chains in order to protect housing affordability.” On Tuesday, the existing home sales market showed similar supply and affordability struggles.

Supply Chain 461

Supply Chain Construction Buyers Development 461

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

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 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. “In

Supply Chain 457

Supply Chain Construction Inventory Housing Market 457

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

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

OCTOBER 26, 2021

18 press release that cited labor and supply chain constraints and said its home purchase program hit “operational capacity.” The company said it would complete purchases that are under contract but not closed, and will continue to work on reselling existing inventory. More will be known Nov.

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. 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 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

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. The low inventory is not likely to substantially improve soon, although a percent increase from historically low levels is expected. of total applications from 68.0%

Mortgage 516

Mortgage Supply Chain Inventory Finance 516

Housing Wire

MARCH 18, 2021

Increased inventory was the initial hope. However, due to consistent materials supply shortages and lumber prices that are up about 200% since April 2020, builders’ confidence index dropped in March. Policymakers must address building material supply chain issues to help the economy sustain solid growth in 2021.”.

Supply Chain 535

Supply Chain Mortgage Buyers Inventory 535

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. It’s a depressing combination. 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 points to 73.2

Supply Chain 448

Supply Chain Housing Market Inventory Mortgage 448

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

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. In August, the national inventory of unsold existing homes was at 3.3-month

Housing Market 431

Housing Market Supply Chain Marketing Inventory 431

Housing Wire

APRIL 4, 2022

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. Mortgage rates are climbing amid rising inflation , war in Ukraine, and disruptions to the supply chain, and there’s no sign that they’ll fall anytime soon.

Supply Chain 472

Supply Chain Mortgage Retail Loan Officers 472

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

FEBRUARY 1, 2022

The perfect storm of supply and demand pressures in 2021 pushed price appreciation to an average of 15% for the full year, up from the 2020 full year average of 6%. The reason for supply pressures in 2021 in part stemmed from supply-chain delays and the skyrocketing of lumber costs, delaying the building of new houses.

Supply Chain 435

Supply Chain Inventory Mortgage Housing Market 435

Housing Wire

FEBRUARY 4, 2022

This is good news for homebuilders who have continued to struggle with supply chain issues, rising commodity prices and labor shortages as they try to keep up with demand. With the inventory of existing homes so low, new construction is playing a larger role in the greater housing inventory landscape.

Supply Chain 422

Supply Chain Construction Inventory Retail 422

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. “We will continue to gain momentum through the rest of the year if we can avoid further supply chain disruptions ,” Gonzalez said.

Supply Chain 448

Supply Chain Inventory Buyers Realtors 448

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.

Supply Chain 480

Supply Chain Housing Market Construction Buyers 480

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

MARCH 16, 2022

“While builders continue to report solid buyer traffic numbers, helped by historically low existing home inventory and a persistent housing deficit, increasing development and construction costs have taken a toll on builder confidence,” NAHB chairman Jerry Konter said in a statement.

Buyers 394

Buyers Supply Chain Construction Inventory 394

Housing Wire

OCTOBER 21, 2021

Rising mortgage rates and paltry inventory will make things harder for homebuyers as well. Supply chain issues for homebuilders are still expected to be present in 2022, though a number of housing economists believe they’ll ease up somewhat. The MBA has forecast purchase mortgage volume to hit a record $1.73

Mortgage 469

Mortgage Supply Chain Inventory Housing Market 469

Housing Wire

DECEMBER 20, 2022

All the while, builders continued to face supply chain issues , labor shortages and wild fluctuations in material costs. BH: I think a lot of builders would love the opportunity to catch up on some of their projects, but for many, supply chain issues have been preventing this.

Supply Chain 371

Supply Chain Construction Inventory Finance 371

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

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

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

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. The problem, of course, is inventory. National inventory of active listings declined by 18.9%

Mortgage 395

Mortgage Supply Chain Inventory Investors 395

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

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

DECEMBER 16, 2021

Kan said that the annual rate’s growth reflects “limited for-sale inventory [driving] more demand to the new home segment.”. Limited inventory this year has been in part impacted by homebuilders facing delays and challenges from supply chain bottlenecks, with shortages in materials and labor delaying new homes from hitting the market.

Supply Chain 348

Supply Chain Mortgage Inventory Tools 348

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. For more than a decade, housing has suffered a structural shortage of homes rooted in supply-side issues.

Construction 462

Construction Supply Chain Inventory Housing Market 462