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Supply chain issues still stymieing homebuilders

Housing Wire

Strong buyer demand in February helped offset supply chain challenges and a surge in lumber prices, according to Chuck Fowke, NAHB chairman. Homesnap foresees the current housing shortage continuing in 2021 unless more sellers enter the housing market. Per the NAHB , January’s score of 83 was a four-month low.

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New Home Construction Expectations for 2022

Appraisal Buzz

Of course, the construction industry has been facing some pressing challenges, including hitches in global and national supply chains. Supply Prices May Begin to Drop. The supply chain crisis has been arguably the biggest factor in construction setbacks over the last year.

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Will the Infrastructure Bill Affect the Real Estate Market?

Appraisal Buzz

About $17 billion will be used to strengthen ports that have suffered due to inflation, improving the supply chain for building and construction. It began rising when the pandemic started in 2020 due to ongoing supply chain issues coinciding with changes in consumer demand. construction sites. Inflation peaked at 7.9%

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Fewer housing permits equate to further inventory, affordability challenges

Housing Wire

However, with supply chain issues piling up and loan rates for builders continuing to rise, developers’ confidence is going in the opposite direction. “Theoretically, new construction should be bolstered by the acute shortage of housing on the market,” Point2 said.

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How non-QM loans boost mortgage originator for success in 2025

Housing Wire

Supply chain issues and other factors can raise national interest rates. Beyond that, Deephaven allows up to 3% seller concessions at closing. The importance preparing yourself with non-QM options The mortgage industry is fickle. Thats a hard fact that any mortgage professional with experience is acutely aware of.

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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

” While homebuilders are getting closer to delivering new homes , they remain stymied by ongoing global supply chain issues. The good news is there are several directions from which more supply may come, said Matthew Speakman, an economist at Zillow. Their share of sales dropped to 27% compared to 33% a year earlier.”

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Experts call for lenders to strengthen security amid uptick in cyber attacks

Housing Wire

We don’t really know what the supply chain is there,” Bredahl said. In October, Freddie Mac issued Bulletin 2021-31 , updating its Seller/Servicer and Third Party risk mitigation requirements. “The threat actors (…) bought a large bulk amount of USB drives, and put the malware underneath (…).