Housing Wire

DECEMBER 11, 2023

Ruehrwein, who became a licensed agent in 2017 after working in the new construction industry for 28 years, serves clients in Rehoboth and surrounding Massachusetts towns, as well as East Providence and the Narraganset area of Rhode Island. “My According to the release, the firm closed more than $350 million in volume in 2022. “We

Closing 380

Closing Brokerage New Construction Agents 380

Housing Wire

NOVEMBER 25, 2020

Sales of new homes rose to an annualized rate of 999,000 in October – 0.3% With October’s data in, new home sales have had the strongest three-month stretch since mid-2006, with each month falling just short of 1 million. months at the current sales rate. Sales are increasingly being driven from homes not yet under construction.

Sales 506

Sales Construction Branding Development 506

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 433

Sales Construction Mortgages As-is 433

Housing Wire

JANUARY 19, 2024

Today, we saw existing home sales slip a bit month to month, which isn’t surprising to me as purchase application data started its positive run in November. That data line typically looks out 30-90 days for sales — it doesn’t move as fast as some people think. From NAR : Existing-home sales waned 1.0% Sales faded 6.2%

Sales 400

Sales Construction Investor Marketing 400

Housing Wire

NOVEMBER 15, 2023

However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said. By the end of 2023, year-over-year home sales will likely fall by 18% after a 17% decline from 2021 to 2022, Yun noted. In 2023, new-home sales are up 5% year to date, Yun said.

Sales 449

Sales New Construction Staging Mortgages 449

BAM Media

MAY 28, 2024

BAM Key Details: About one-third of single family homes for sale in the first quarter of 2024 were new construction, roughly the same as last year but nearly double pre-pandemic levels. New builds made up about one-third (33.4%) of all homes for sale in Q1 2024—pretty close to last year’s share but down from a record high of 34.5%

New Construction 59

New Construction Construction Sales Closing costs 59

Housing Wire

APRIL 29, 2021

The trade group reported that pending home sales – that is homes where a buyer signed a contract, but the sale has not closed – rose 1.9 % index points to 111.3 By coincidence,” the NAR explained, “The volume of existing homes sales in 2001 fell within the range of 5 to 5.5 population.”. incrementally climbed to 1.76

Sales 414

Sales Construction Residential Finance 414

Housing Wire

SEPTEMBER 28, 2022

New home sales came in as a massive beat of sales estimates, with a 28% month-to-month increase. And, out of the 461,000 new homes available for sale, only 49,000 have been completed and are available to be occupied. In fact, new home sales are below the recession level of 2000 and back to 1996 levels already.

Sales 447

Sales Construction As-is Mortgages 447

Housing Wire

JULY 27, 2023

After dropping slightly month over month in May , pending home sales ticked back up in June, rising 0.3%, according to data released Thursday by the National Association of Realtors (NAR). It contrasts with new home sales , which moderated in the same period (-2.5%). The NAR’s Pending Home Sales Index climbed to a reading of 76.8

Sales 335

Sales Construction Mortgages Closing 335

Housing Wire

MARCH 23, 2021

After a near decade high in January, new home sales for single-family houses plummeted 18.2% 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% As for the West, new sales dropped 9.3% year-over-year jump.

Sales 527

Sales Construction Staging Development 527

Housing Wire

NOVEMBER 24, 2021

Today the Census Bureau new home sales report came in as a miss of estimates at 745,000. In contrast to the existing home sales market, which I would say is outperforming currently with the recent growth in sales, the new home sales market is just OK and has been for some time. months at the current sales rate.

Sales 451

Sales Construction Mortgages As-is 451

Housing Wire

JUNE 17, 2021

the second consecutive month sales of new homes have dropped, according to data released Thursday by the Mortgage Bankers Association. On a seasonally adjusted basis, the MBA also estimates new home sales fell at an annualized pace of 4% in May, said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

Sales 490

Sales VA loan FHA loan Loans 490

Housing Wire

JANUARY 26, 2022

Today the Census Bureau ‘ s new home sales report came in as a beat of estimates at 811,000. The bearish take on housing for the second half of 2021 didn’t really pan out, especially in the new home sales sector. However, with that said, it’s still just an OK housing market for me based on how I view the new home sales market.

Sales 400

Sales Construction Mortgages As-is 400

Housing Wire

APRIL 26, 2021

The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year. The post Home sale prices reach record highs — again appeared first on HousingWire.

Sales 450

Sales Construction Closing Marketing 450

Housing Wire

MARCH 26, 2021

The median home sale price increased 16% year-over-year to $331,590 – an all-time high, per a report this week from Redfin. The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, increased to 100.2%. And offers are coming in well-above asking price, too.

Sales 545

Sales Lending Equity Construction 545

Housing Wire

MAY 24, 2022

Tuesday, the new home sales report officially put that sector in the penalty box, and we are very close to raising the fifth recession red flag. When new home sales and housing starts begin to fall together, a recession is usually not far away. From Census : Sales of new single?family The average sales price was $570,300.

Sales 388

Sales Construction Marketing As-is 388

Housing Wire

FEBRUARY 18, 2022

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% January sales fell 2.3% The supply of homes for sale fell to a record low, down 16.5% The supply of homes for sale fell to a record low, down 16.5% Sales of homes priced above $1 million were up 39%. .

Sales 404

Sales New Construction Equity Construction 404

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? Maybe you can come up with a better analogy for me?

Construction 74

Construction Sales Purchase and sale agreement Development 74

Housing Wire

MARCH 29, 2023

Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Pending home sales decreased in all four regions compared to one year ago. Pending home sales decreased in all four regions compared to one year ago.

Sales 279

Sales MLS Construction Banks 279

Housing Wire

APRIL 27, 2022

Tuesday, the new home sales report for March came in as a miss of estimates at 763,000, but the revisions were all positive, which shows that the housing data is still lagging behind the current market reality. The new home sales market doesn’t have a 28% cash-buyer profile as we saw in the last existing home sales report.

Sales 320

Sales Construction Mortgages As-is 320

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.

Closing 336

Closing MLS Construction Residential 336

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 424

Construction New Construction Lending Sales 424

Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. First, total home sales should be 6.2 This is new home sales and existing home sales combined. From Census : Sales of new single?family percent (±11.9

Sales 435

Sales Mortgages Construction Lending 435

Inman

FEBRUARY 6, 2023

Homebuyers can put as little as 5 percent down when taking out a new construction loan, with one closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage.

New Construction 90

New Construction Construction Closing Loans 90

Housing Wire

MAY 28, 2024

Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. Of course, we have to keep watching the sales rate too. Altos Research tracks every home for sale in the country each week.

Sales 508

Sales Mortgages Closing Marketing 508

Housing Wire

JUNE 6, 2023

“Residential real estate activity picked up in most Districts despite continued low inventories of homes for sale,” the report states. In return, the lack of inventory of homes for sale pushed demand for rental properties in some areas — including New York, Chicago, St. Louis, Kansas City Federal Reserve districts.

Residential 416

Residential Construction Finance Sales 416

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.

Construction 97

Construction Inspection New Construction Residential 97

Housing Wire

SEPTEMBER 22, 2020

If the February trend continued, total existing home sales would have been higher: we probably would have ended the year with sales between 5,7100,000 and 5,8400,000, a noticeable jump from last year’s number of roughly 5.3 Even with today’s 6 million existing home sales print, we are down 3.2% The median sales price is now 11.4%

Sales 542

Sales Marketing Construction Mortgages 542

Housing Wire

JANUARY 1, 2024

The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Instead, they closed 2023 at 6.67%. We need lower rates to get more consistent sales growth and to have one or two monthly existing home sales prints of 4.72 This is why weekly data is important!

Marketing 521

Marketing Construction Sales Mortgages 521

Housing Wire

FEBRUARY 23, 2024

Fannie Mae, however, remains optimistic that housing market activity will pick up as existing home sales and new single-family housing starts are expected to grow modestly in 2024. While existing home sales dipped slightly in December by 1% to a seasonally adjusted annual rate of 3.78 Single-family permits in contrast edged up 1.6

Marketing 446

Marketing Fixed-rate mortgage Sales Mortgages 446

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. Sales, however, may see only mild improvement in the year ahead, while prices will remain more or less historically high, the forecasters believe. million to 5.07

Sales 457

Sales Mortgages Construction As-is 457

Calculated Risk Real Estate

MAY 23, 2024

The Census Bureau reports New Home Sales in April were at a seasonally adjusted annual rate (SAAR) of 634 thousand. Sales of new single‐family houses in April 2024 were at a seasonally adjusted annual rate of 634,000 , according to estimates released jointly today by the U.S. The dashed line is the current sales rate.

Sales 67

Sales Construction Closing Development 67

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday. Residential construction costs started to moderate this period.

Mortgages 341

Mortgages Residential Construction Lending 341

Housing Wire

FEBRUARY 16, 2024

We can see a clear difference between the two markets in the housing construction data. Apartment permits Single family permits We should all be grateful that the builders are paying down mortgage rates and finishing their significant backlog of homes that are under construction or haven’t started construction yet.

Construction 415

Construction Mortgages As-is Closing 415

Housing Wire

DECEMBER 1, 2022

Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”. million in 2023 from 5.67 trillion from $2.34

Marketing 308

Marketing Residential Construction Sales 308

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. We are seeing better positive sales growth on our weekly pending sales data. This can be partly due to a higher percentage of cash buyers in the sales mix that purchase applicatoins won’t account for.

Mortgages 389

Mortgages Construction Sales Marketing 389

Calculated Risk Real Estate

MARCH 25, 2024

The Census Bureau reports New Home Sales in February were at a seasonally adjusted annual rate (SAAR) of 662 thousand. Sales of new single‐family houses in February 2024 were at a seasonally adjusted annual rate of 662,000 , according to estimates released jointly today by the U.S. The dashed line is the current sales rate.

Sales 113

Sales Construction Development Closing 113