Housing Wire

MAY 20, 2024

The proportion of newly built homes for sale in the U.S. of single-family homes for sale in the first quarter, virtually unchanged from a year earlier and down slightly from a peak of 34.5% of single-family homes for sale in the first quarter, virtually unchanged from a year earlier and down slightly from a peak of 34.5%

Sales 396

Sales New Construction Construction Mortgages 396

Housing Wire

MAY 16, 2024

As homebuyers continue to grapple with a lack of existing homes for sale, the market for new homes continues to see strong demand, and some areas of the country — including Sun Belt states — are producing new homes at a relatively rapid rate. In March the average home sale price in the U.S. 2 (1,574 sales), with San Antonio at No.

Sales 360

Sales New Construction Construction Finance 360

Housing Wire

DECEMBER 22, 2023

New home sales missed sales estimates , but the builders’ stocks have been roaring higher. Also, new home sales are notorious for big positive and negative prints that tend to get revised. Census Bureau and the Department of Housing and Urban Development. months at the current sales rate. What gives?

Sales 493

Sales Mortgages Marketing Construction 493

Housing Wire

JANUARY 25, 2024

People say that housing leads the economy into a recession: this is true when new home sales and housing permits fall together. This is one reason I raised my fifth recession red flag for Housing on June 16, 2022 as I saw that higher mortgage rates would impact new home sales and housing permits. months at the current sales rate.

Sales 490

Sales Construction Mortgages Residential 490

Housing Wire

APRIL 23, 2024

New-home sales reached a seasonally adjusted annual rate of 693,000 in March, according to data published Tuesday by the U.S. Department of Housing and Urban Development ( HUD ). increase from the revised February rate of 637,000 sales, and it also marks an 8.3% At the current sales pace, there is an 8.3-month

Sales 315

Sales MLS Mortgages Development 315

Housing Wire

MARCH 25, 2024

New-home sales receded slightly in February but continued to track above last year’s pace, reaching a seasonally adjusted annual rate of 662,000 last month, according to data published Monday by the U.S. Department of Housing and Urban Development ( HUD ). decrease from the revised January rate of 664,000 sales, it also marks a 5.9%

Sales 363

Sales New Construction Construction MLS 363

Housing Wire

NOVEMBER 27, 2023

In a country of more than 335 million people, with 157 million of those people working, we still only have 76,000 new homes available for sale as we head into December. Even in the worst housing bubble crash of our lifetime in 2008, the number of new homes for sale was under 200,000. months at the current sales rate.

Sales 418

Sales Construction Mortgages As-is 418

Housing Wire

JUNE 27, 2023

New home sales are up 20% year over year, and existing home sales are down 20% year over year; this is something we don’t see very often. One group has the advantage here while the other doesn’t: The new home sales market is minuscule versus the existing one, and the builders sell their homes like a commodity. This is 12.2

Sales 477

Sales Construction As-is Mortgages 477

Housing Wire

MAY 23, 2023

In a country with more than 330 million people, there are only 70,000 new homes available for sale today in the U.S. And with total active house listings in America near all-time lows, that is all we have for completed units for sale. Census Bureau and the Department of Housing and Urban Development. housing market.

Sales 516

Sales Construction Mortgages Marketing 516

Housing Wire

FEBRUARY 13, 2024

hired two executives as it looks to take the company to its next phase of development. TRAiNED named Mark Cunningham, a co-founder of Sales Boomerang , as its new CEO. It also hired Arend de Jong , co-founder and former chief financial officer of Sales Boomerang, as CFO, the company announced. Mortgage tech firm TRAiNED Inc.

Sales 386

Sales Mortgages Title Loans 386

Housing Wire

MARCH 21, 2024

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. It’s an opportunity to align with an organization that not only values excellence and innovation in mortgage lending but also deeply invests in the growth and success of its sales professionals.

Lending 318

Lending Sales Commercial Loans 318

Housing Wire

SEPTEMBER 26, 2023

New home sales missed estimates today but had three months of positive revisions, which continues the story of the builders managing the higher mortgage rate environment. But they still only have 76,000 completed units for sale today. As shown in the chart below, this sector has never provided many unoccupied new units for sale.

Sales 444

Sales Construction Mortgages As-is 444

Housing Wire

OCTOBER 18, 2023

Department of Housing and Urban Development and U.S. To boost sales, builders have been offering different concessions such as upgrades or buying down mortgage rates. Housing starts climbed to a seasonally adjusted annual rate of 1,358,000 in September, according to U.S. Census Bureau data. below the September 2022 rate of 1,463,000.

Construction 404

Construction Development MLS Mortgages 404

Housing Wire

OCTOBER 25, 2023

New home sales figures exceeded projections in September despite mortgage rates at 23-year high, declining mortgage applications and waning builder confidence. In September, the sales pace of new homes picked up considerably, up 12.3% Census Bureau and the Department of Housing and Urban Development ( HUD ). It is down 5.4%

Sales 356

Sales New Construction Construction Finance 356

Housing Wire

NOVEMBER 27, 2023

New home sales fell on a month-over-month basis in October, but continued to outpace last year’s levels. Meanwhile, low supply and high mortgage rates continued to dampen existing home sales. In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S.

Sales 348

Sales New Construction Construction Closing costs 348

Housing Wire

JULY 12, 2023

Three veteran sales executives at Movement Mortgage have parted ways with the South Carolina-based lender to join the competitor Summit Funding, sources told HousingWire. Deran Pennington, who spent the last 15 years at Movement and until June 2023 held a national sales director position, is joining Summit as a divisional leader in Charlotte.

Sales 367

Sales Lending Loans Finance 367

Housing Wire

DECEMBER 22, 2023

New home sales fell month-over-month in November to their lowest level since last November. Total new home sales are expected to reach about 5% higher than last year, while sales of existing homes are down by nearly 20% year-over-year. Census Bureau and the Department of Housing and Urban Development ( HUD ).

Sales 376

Sales MLS Land Development 376

Housing Wire

AUGUST 23, 2023

Builders are taking advantage of the housing market inventory issues , which is why new home sales are growing yearly, even with higher mortgage rates. Census Bureau and the Department of Housing and Urban Development. While existing home sales are still negative year over year, new home sales are growing year over year.

Sales 360

Sales Mortgages Construction Development 360

Housing Wire

JANUARY 19, 2024

For agents, staying informed about these developments is essential for strategic decision-making and client guidance in the coming year and beyond. Plus, seeking the most efficient tools to service this segment and help create income while the for-sale market remains challenged and provides less opportunities.

Sales 426

Sales Marketing Construction Development 426

Housing Wire

APRIL 25, 2023

Don’t they know the new home sales apocalypse is here? And here is a case in point: New home sales came in Tuesday at a big beat of estimates, but the real story is one about supply and demand. Census Bureau and the Department of Housing and Urban Development. months at the current sales rate. percent (±15.2

Sales 458

Sales Construction Mortgages As-is 458

Housing Wire

JUNE 27, 2023

New home sales in May rose 12.2% Sales of new single‐family houses came in at a seasonally adjusted annual rate of 763,000, according to estimates released jointly Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development. They now supply about 30% of the residential sales market. from April.

Sales 350

Sales New Construction Construction Residential 350

Housing Wire

SEPTEMBER 29, 2021

Today’s pending home sales came in at a big beat of estimates, running at 8.1% One of my main goals for sharing housing sales data in 2021 is to give people a sales trend range to work off this year to know if home sales are doing well. for this report. More importantly, this data line looks just right. Already a member?

Sales 506

Sales Development As-is Marketing 506

Housing Wire

APRIL 1, 2024

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader. Two years later, the UPB has diminished right.

Sales 322

Sales Loan Officer Principal Loans 322

Housing Wire

FEBRUARY 24, 2023

New home sales started off 2023 on a positive note, rising 7.2% Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. This marks the second consecutive month of increases and the strongest sales pace since March 2022. On a year-over-year basis, however, new home sales are still down 19.4%.

Sales 423

Sales New Construction Construction Mortgages 423

Housing Wire

MARCH 23, 2021

After a near decade high in January, new home sales for single-family houses plummeted 18.2% Census Bureau and the Department of Housing and Urban Development. However, continued demand by homebuyers did manage to push new home sales 8.2% However, continued demand by homebuyers did manage to push new home sales 8.2%

Sales 527

Sales Construction Staging Development 527

Housing Wire

NOVEMBER 25, 2020

Sales of new homes rose to an annualized rate of 999,000 in October – 0.3% higher than the same time last year, according to the Census Bureau and the Department of Housing and Urban Development. However, demand has construction playing catch-up , as the estimate of new houses for sale at the end of October was just 278,000.

Sales 507

Sales Construction Branding Development 507

Housing Wire

MAY 25, 2021

Today the Census Bureau reported 863,000 new home sales in April 2021. From Census : “Sales of new single?family Census Bureau and the Department of Housing and Urban Development. Census Bureau and the Department of Housing and Urban Development. percent (±11.2 percent (±24.5 BECOME A MEMBER TODAY. Already a member?

Sales 501

Sales Development As-is Marketing 501

Housing Wire

DECEMBER 23, 2022

New home sales, to the surprise of many, rose by 5.8% Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. New home sales data last month was much stronger than had been anticipated; the market had expected a contraction of 4.7% months of supply at the current sales rate. in November.

Sales 343

Sales MLS Banks Mortgages 343

Housing Wire

OCTOBER 26, 2022

September new home sales beat expectations, but don’t get too excited. While monthly supply rose in this report, the previous reports were all revised lower and sale levels are still historically low. New home sales are now below the recession levels of 2000 and have fallen all the way to 1996 levels, when interest rates were near 8%.

Sales 434

Sales Construction Mortgages As-is 434

Housing Wire

JULY 26, 2022

Tuesday’s report on new home sales came in as a miss of estimates and prior revisions were all negative. However, for the new home sales sector, it would put their business model at risk. The previous economic expansion (2008-2019) had the weakest new home sales recovery; thus, we had the weakest housing construction cycle ever.

Sales 498

Sales Construction Mortgages Title 498

Housing Wire

NOVEMBER 30, 2020

pending home sales fell 1.1% Year over year, pending sales are showing promise in every region of the U.S, As talk of an urban exodus continues, the Northeast’s pending home sales slid 5.9% As talk of an urban exodus continues, the Northeast’s pending home sales slid 5.9% compared to a year ago. The Midwest dropped 0.7%

Sales 532

Sales Development Equity Land 532

Housing Wire

MARCH 23, 2023

New home sales continued to rise in February, jumping 1.1% Census Bureau and the Department of Housing and Urban Development ( HUD ). On a year-over-year basis, however, new home sales are still down 19.0%. The uptick in the sales pace in February resulted in a 0.7% months of supply at the current sales pace.

Sales 366

Sales Principal MLS Mortgages 366

Housing Wire

NOVEMBER 23, 2022

Today new home sales beat estimates , and new home median sales prices hit an all-time high. Hopefully, I can make sense of this report, which showed the home sales beat estimates with prices still at all-time highs. Census Bureau and the Department of Housing and Urban Development. months at the current sales rate.

Sales 426

Sales Construction New Construction Mortgages 426

Housing Wire

NOVEMBER 29, 2023

New home sales The seasonally adjusted annual rate of new single-family home sales in October landed at 679,000, according to data published on Monday by the U.S. Census Bureau and the Department of Housing and Urban Development. The median sales price for new homes likewise fell 3% to $409,300 from September.

Construction 360

Construction Sales Finance Land 360

Housing Wire

AUGUST 23, 2022

Tuesday’s new home sales report missed expectations and had negative revisions, which isn’t surprising given this sector of our economy simply can’t handle higher mortgage rates. From Census : Sales of new single?family Census Bureau and the Department of Housing and Urban Development. This is 12.6 percent (±16.9

Sales 369

Sales Construction Mortgages As-is 369

Housing Wire

NOVEMBER 25, 2020

Only then would we see enough demand from the new home sales market to warrant that much construction. This hasn’t happened yet, but the recent hew home sales report indicates we are getting there. Census Bureau and the Department of Housing and Urban Development. months at the current sales rate.” Anything below 4.3

Sales 536

Sales Construction Marketing Development 536

Housing Wire

AUGUST 23, 2023

After a slump in June, the sales pace of new homes picked up month over month in July, according to data published on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). In July, the sales pace of new homes climbed 4.4% On a year-over-year basis, new home sales were up 31.5%.

Sales 310

Sales MLS Finance Mortgages 310