Housing Wire

MAY 10, 2023

The data also suggests that the economy is close to peak rent inflation—lower monthly rent prices have been recorded for two consecutive months, and the price growth for new leases is still decelerating. Rent growth will decrease because apartment construction – entry units coming on the market – is already in the pipeline. in 2024.

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Realty Biz

FEBRUARY 24, 2024

While many veterans are familiar with traditional VA home loans, there are additional options that cater to specific needs – VA Jumbo Loans and VA Construction Loans. Insights into VA Home Loans: Before we dive into the specifics of VA Jumbo Loans and VA Construction Loans, let's recap the fundamentals of VA home loans.

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The Residential Specialist

FEBRUARY 27, 2024

New home construction can be a profitable niche for real estate professionals who are willing to dedicate the time and effort By Myrna Traylor Most residential real estate professionals enter the real estate field with an eye on the largest market—resales of existing homes. New construction is always seen as much more expensive.

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Realty Biz

MARCH 4, 2024

Embarking on the journey of purchasing new construction, particularly a freshly constructed one, is a thrilling venture brimming with anticipation. So, What Isn’t Included with a New Construction Home? The post What Isn’t Included with a New Construction Home?

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Eye on Housing

MARCH 30, 2023

According to the 2021 American Community Survey (ACS), 23% (or close to 2.5 million) of workers employed in construction are self-employed. This is a whole percentage point higher than the share of self employed in construction in 2019, before the pandemic rattled the labor market.

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Housing Wire

APRIL 24, 2023

New construction, resales, refinances and home improvements account for approximately 16% of the U.S. Falling home prices will not only make it more difficult for retirees but will impact existing homeowners that may want to purchase something larger or in a more desirable neighborhood. GDP, roughly $3 trillion.

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Marco Santarelli

APRIL 17, 2024

New home construction experienced a significant setback in March , marked by a notable decline in activity across various regions, especially in the Northeast. This downturn coincided with a surge in mortgage rates, with the benchmark 30-year fixed rate loan inching close to 7%, casting a shadow over the housing market.

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Housing Wire

OCTOBER 18, 2023

While many multigenerational families are living together under one roof, potentially leading to feelings of overcrowding, accessory dwelling units (ADUs) have emerged as a practical solution for affordable housing that allows families to stay close while maintaining some separation. Sean Roberts is the CEO of Villa Homes.

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Housing Wire

APRIL 30, 2024

AARP concerns “FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” HUD said in its update to the policy. Certner cited fair lending concerns and the potential of undue borrower influence.

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Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? Marlin could sell condos for $2,000/sqft in pre-construction right now.

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Housing Wire

MARCH 4, 2024

New construction accounted for approximately 30% of active for-sale housing inventory, doubling the usual figures for a standard year. This surge in new construction activity sparked a wave of consolidation within the industry, with public and private homebuilders engaging in 12 merger and acquisition (M&A) deals throughout the year.

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Eye on Housing

JUNE 23, 2022

construction industry, where skilled labor shortage is a long-term issue. One in three workers in the US construction industry is Hispanic. The latest labor force statistics from the 2021 Current Population Survey show that Non-Hispanic Whites account for the majority of workers in the construction industry (59%).Hispanics

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Propmodo

JANUARY 10, 2024

When seeking construction financing for major real estate projects, developers almost always turn to big banks. The same year, the bank completed a deal to finance an ultra-luxury condo project in Sunny Isles Beach, Florida, with a $558 million construction loan. In 2019, the bank inked one of its biggest deals.

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Eye on Housing

FEBRUARY 15, 2023

According to the most recent 2021 American Community Survey (ACS), the number of immigrant workers in construction, including self-employed, remained close to 2.8 The share of immigrant workers stayed at 24% of the construction workforce, slightly below the 2016 record. Read More ›

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Housing Wire

MAY 11, 2024

On Friday, the closing 10-year yield was 4.50% and bond yields fell after the softer labor data report. Of course, some of the inflation reports have disappointed the Federal Reserve , so we will keep a close eye on the key numbers in these reports. What should we expect this week and what should we focus on for the rest of the year?

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Realtor.com

MARCH 8, 2021

Instead, you might need a construction loan. In this installment from our Guide to Building Your Own Home , we’ll cover everything you need to know about construction loans. What is a construction loan? This down payment is based on the combined cost of the land and estimated construction costs. For instance?

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Realtor.com

NOVEMBER 17, 2022

Many homebuyers may find the added expense of new construction well worth it, due to the money they stand to save on renovations and repairs that might crop up in an older home. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics.

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Maximum Exposure Real Estate

JANUARY 7, 2023

Having a Realtor For New Construction is Smart! The pros of using a Realtor for new construction far outweigh the cons. It’s not even close. The post Do You Need a Real Estate Agent Buying New Construction? The post Do You Need a Real Estate Agent Buying New Construction? Inquiring minds want to know.

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Realty Biz

NOVEMBER 8, 2022

New construction homes are becoming increasingly popular. However, new construction homes also have some disadvantages, such as the potential for construction delays and the added cost of upgrades and customization. It’s important to do your research before picking the new construction home you want to be in. Warranties.

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Realtor.com

JANUARY 11, 2023

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes. Getty Images. Getty Images.

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Eye on Housing

APRIL 6, 2023

Earlier this year, we published a post highlighting a continuing high reliance of construction on immigrant workers post pandemic. Immigrants make one in four construction workers. The share is significantly higher, reaching 30%, among construction tradesmen.

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Housing Wire

APRIL 28, 2022

builder confidence, housing starts, homebuilder, builder, lumber, construction costs. Auld said the homebuilder started construction on 24,800 homes this quarter and homes and inventory “increased 30% from a year ago with only 600 unsold completed homes across the nation. per diluted share.” That’s up from $2.53 billion to $36.1

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Eye on Housing

MARCH 15, 2021

Last week, we published a post highlighting a continuing high reliance of construction on immigrant workers that now account for 24% of the construction work force. The share is much higher, reaching 30%, among construction tradesmen. Read More ›

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Toronto Realty Blog

JULY 4, 2023

TorontoRealtyBlog Do you remember the good old days of pre-construction condominiums? I remember when, among other things, you could purchase a pre-construction condo with a mere 5% deposit. Nothing upon occupancy, and nothing until the condominium was set to close and you obtained a mortgage of 95% for the remaining amount.

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Housing Wire

MAY 3, 2024

To address this looming crisis, the pace of construction will need to increase significantly, the report states. To fully close the gap between supply and demand, the region will need to build homes at the same rate it did during the decades following World War II. The analysis, conducted by McKinsey & Co.

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Housing Wire

MARCH 7, 2024

Planet is pioneering the future of mortgage lending with novel products like Cash 4 Homes, 1st Year Flex, Purchase EDGE, one-time close construction loans, and bridge, renovation and manufactured home loans,” Long said.

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Housing Wire

MARCH 12, 2024

Lenders can choose to integrate and configure many third-party services such as verification of asset, verification of employment/ verification of income , e-signing and e-closing.

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Louisville Homes

SEPTEMBER 20, 2023

Construction is more than bricks and mortar – it requires dedication and passion. In order to have an excellent customer experience in your construction business, there’s work to be done. In our article today, we’ll take a close look at all the factors you need to consider.

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Housing Wire

JANUARY 3, 2024

The 30-year fixed mortgage rate closed 2023 at 6.76%, more than one percentage point lower than its October peak of 7.9%, according to Joel Kan, MBA’s vice president and deputy chief economist. Mortgage applications decreased 9.4% for the week ending Dec. The share of Federal Housing Administration (FHA) loan activity decreased to 14.5%

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Realtor.com

JANUARY 2, 2023

While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. With that in mind, we’re here to set the record straight on some easily busted new-construction myths that just won’t quit. New construction homes are more expensive.

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HomeLight

APRIL 14, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Georgia (GA)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. When it comes to closing costs, the Peach State is one of the friendlier parts of the U.S. to purchase a home in.

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Housing Wire

NOVEMBER 28, 2023

The team specializes in buyer and seller representation as well as new construction. In 2022, the Husky Homes team closed 121 transactions and more than $48.4 million in sales volume. It even ranked No. 15 in the state of Wisconsin by transaction sides, according to the RealTrends 2023 America’s Best list.

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Housing Wire

FEBRUARY 13, 2024

Texas followed closely with a 34% share of sales, marking an increase of 10 percentage points from the previous year. Although Zonda data shows that pressure on lot supply eased last year, the John Burns report indicates that MPCs will become even more desirable as construction activity ramps up.

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Housing Wire

MARCH 21, 2024

Adding his leadership skills will be beneficial at a time when Planet is looking to differentiate itself with various purchase loan products, one-time-close construction loans and other niche programs, the company stated.

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Housing Wire

NOVEMBER 3, 2023

Through this offering, consumers may also be eligible to receive a rebate* at closing. titlegenius by Radian, provided by Radian Settlement Services, allows homebuyers and sellers to easily manage their title transaction and closing online and receive real-time updates from their agent for a cohesive experience.

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HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Pennsylvania (PA)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. While some fees are only a few hundred dollars, the final closing costs can run into the thousands.

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Housing Wire

JANUARY 11, 2024

One potential stream that quickly comes to mind is the potential of capturing title and closing business. Lenders and builders have also shown a heightened interest at a time when construction materials remain costly, labor costs and pay rates are elevated and interest rates remain high.

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