Housing Wire

DECEMBER 23, 2024

This situation poses a risk to construction labor in 2025. Is 2025 the first year we start losing residential construction jobs? Earlier this year, mortgage rates were trending at 7.50%; during that time, we received one negative monthly residential construction labor report. This issue extends beyond just housing. percent (18.6

Residential 520

Residential Construction Sales Mortgages 520

Housing Wire

FEBRUARY 11, 2025

Despite bolstering its construction activities and the availability of single-family homes , the state of Florida continues to endure shortages in its affordable housing stock that impact the workforce and retirees living on fixed incomes. This is especially true for those with incomes below 60% AMI, the study found.

Construction 233

Construction Sales As-is Marketing 233

Housing Wire

NOVEMBER 19, 2024

A lower Fed funds rate can assist with land purchases and apartment construction, but that process would take considerable time before we see any development. The key takeaway from today’s housing data is that there simply isn’t enough demand to justify additional construction — at least as far as the builders are concerned.

Construction 539

Construction Mortgages Land Sales 539

Housing Wire

JANUARY 27, 2025

Additionally, there are 268,000 homes currently under construction. Furthermore, there remains a record high of 108,000 homes that builders have not yet started constructing, all while mortgage rates remain above 7%. Rates below 6% could lead to increased housing construction and more permits being issued. percent (19.7

Sales 457

Sales Construction Mortgages Residential 457

Housing Wire

JANUARY 16, 2025

On Twitter today, the Minneapolis Fed tweeted out a quote from one of their recent articles : “9th District apartment construction is expected to slow down soon as number of construction permits sought by developers fall. It’s not booming. It’s not falling.” ” message.

Mortgages 500

Mortgages Residential Construction Marketing 500

Housing Wire

JANUARY 3, 2025

These green building benefits associated with modular construction do not come with the dreaded green cost premium even though recent research shows that developers are willing to pay an average 10% more on construction costs if it allows their business to shift towards a more circular and sustainable business model.

Development 409

Development Construction Finance Investor 409

Housing Wire

OCTOBER 21, 2024

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. They sell for just under $3 million.

Construction 479

Construction Development Finance Mortgages 479

Housing Wire

OCTOBER 24, 2024

We had no growth in residential construction work hiring earlier in the year when rates were higher. I recently raised this concern about housing construction and new home sales in an interview on CNBC. Today’s report shows that 258,000 homes are under construction, which amounts to 4.2 Then mortgage rates fell from 7.5%

Sales 466

Sales Construction Mortgages Residential 466

Housing Wire

OCTOBER 25, 2024

Davis also highlights Deephaven’s edge in products like their Ground-Up Construction and Fix-and-Flip products, offering originators essential tools and training. Davis also highlights Deephaven’s edge in products like their Ground-Up Construction and Fix-and-Flip products, offering originators essential tools and training.

Investor 421

Investor New Construction Construction Loans 421

Housing Wire

NOVEMBER 1, 2024

Excluding the one-time events, the manufacturing data is getting softer and the residential construction sector is at risk with higher rates again, as the housing starts and permits data are at COVID-19 recession levels today. Now, the internals of the data lines, such as the hires and quit percentages, are weaker than the 7.4

Mortgages 496

Mortgages Residential Construction Marketing 496

Housing Wire

JULY 19, 2024

“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” This could make the overall cost to entry — which is already low — more digestible.

Construction 466

Construction Finance Development Marketing 466

Housing Wire

JANUARY 2, 2025

The 10-year yield is projected to be between 3.80% and 4.70% For mortgage rates to go lower, we need to focus on the labor market, which has been critical to every economic cycle in recent history, and particularly the labor market for residential construction and remodeling. We held that line very late in the year 2023.

Mortgages 491

Mortgages Construction Residential Sales 491

Housing Wire

JANUARY 9, 2025

Bruce Harrell Last year, Harrell introduced a bold plan that would aim to double the citys zoning capacity, which City Hall said could lead to the construction of 80,000 additional homes by 2044. He is also looking to create 30 neighborhood centers that could allow for the construction of five-story apartment complexes.

Construction 419

Construction Commercial Land Development 419

Housing Wire

MARCH 31, 2025

Florida’s long-standing reputation as America’s affordable sunshine paradise is rapidly dimming under the weight of skyrocketing housing costs, unsustainable insurance premiums and crumbling infrastructure, according to a new report from real estate analytics firm Cotality.

Construction 421

Construction Development Marketing As-is 421

Housing Wire

JULY 17, 2024

Higher mortgage rates have increased recession risk by targeting the one sector that always falls before every recession: residential construction workers. And higher rates are also impacting the future supply of homes, as housing permits have been in a downtrend for a while. Single-family permits fell again in today’s housing starts report.

Construction 494

Construction Mortgages Residential As-is 494

Housing Wire

JULY 19, 2024

Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We The company has an in-house construction servicing and valuation team “to ensure best-in-class customer experiences and comprehensive portfolio monitoring,“ according to its announcement. “We

Construction 431

Construction Development Loans Lending 431

Housing Wire

MAY 21, 2025

Founded in 2022 as a spinoff from Airbnb , Samara has broader goals to revolutionize housing construction with a streamlined, cost-efficient model one that founder and CEO Mike McNamara believes could be a meaningful piece of a much larger national puzzle. We started by imagining how people might live in the future.

Construction 348

Construction Finance Development Industrial 348

Housing Wire

MARCH 18, 2025

Todays new construction report from the Census Bureau showed month-to-month growth in housing starts, but falling housing permits. However, employment for residential construction workers hasnt fallen at all, even with the decline in housing starts and permits. What’s going on? This is 11.2 percent (15.7 percent (13.0

Construction 362

Construction Residential Sales New Construction 362

Housing Wire

DECEMBER 20, 2024

It is encouraging to see some uptick in apartment construction in some of our larger communities. Underlying issues Despite this progress, Dapice and others are frustrated by the lack of new construction especially starter homes in the state. Its a big deal. They want to attract younger employees, including recent college graduates.

Construction 406

Construction Land Development New Construction 406

Housing Wire

JANUARY 16, 2025

Using growth indicators that measure upcoming construction and development, southern metros take eight spots in the top 10 list. in new construction, 7.2% The fires are also projected to slow construction growth as the area starts the rebuilding process. The top three metros are Lakeland, Florida. at the top of their list.

New Construction 370

New Construction Marketing Land Construction 370

Housing Wire

MARCH 10, 2025

This was driven by an increase in both single-family and multifamily construction. Importantly, new construction activity outpaced household formations for the first time since 2016. More than a decade of underbuilding has left the U.S. “The homeowner vacancy rate should be closer to 1.5% But as Hale pointed out, the U.S.

Construction 342

Construction New Construction Closing As-is 342

Housing Wire

NOVEMBER 5, 2024

Redfin cited the boom in multifamily construction over the past few years as one reason why rents have remained stable. Redfin cited the boom in multifamily construction over the past few years as one reason why rents have remained stable. The surge in renter households is outpacing the growth of homeowners in the U.S., That was up 2.7%

Construction 396

Construction As-is Finance Marketing 396

Housing Wire

OCTOBER 18, 2024

The number of housing units that came online in September showed a big year-over-year jump, but data on earlier stages of construction suggest not much is coming through the pipeline. That’s according to monthly data on new residential construction from the U.S. But housing completions rose 14.6% compared to September 2023.

Construction 431

Construction Staging New Construction MLS 431

Housing Wire

OCTOBER 15, 2024

With high prices and still stiff competition, those looking to buy a home in today’s real estate market need to consider every opportunity, including the choice between new construction or a resale home. Census Bureau, the median sale price of a new construction home in March 2024 was $430,700.

New Construction 466

New Construction Construction Agents Marketing 466

Housing Wire

JANUARY 17, 2025

While new construction picked up between November and December, there are still headwinds in the homebuilding sector, Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. While economists are happy with the level of construction in 2024, they say there is still work to be done. and 2.6%, respectively.

Construction 384

Construction New Construction MLS As-is 384

Housing Wire

APRIL 16, 2025

Tariffs threaten construction, could reverse rent declines The recent imposition of tariffs on building materials particularly steel and aluminum poses a risk to continued rent price relief, especially in markets with booming multifamily development. The median asking rent in March was $1,694, down $65 from the 2022 peak.

Construction 373

Construction Development Marketing As-is 373

Housing Wire

APRIL 3, 2025

One important data point that we consistently monitor in the jobs report released on Friday which plays a vital role in my recession model is the number of residential construction workers. Mortgage rates have reached the lowest levels of the year today as the 10-year yield dropped significantly on tariff news.

Mortgages 531

Mortgages Residential Construction As-is 531

Housing Wire

NOVEMBER 29, 2024

New-home construction in the U.S. StorageCafe describes this discrepancy as the “missing middle,” and analysts blame zoning laws and rising construction costs. StorageCafe describes this discrepancy as the “missing middle,” and analysts blame zoning laws and rising construction costs. ”

Construction 383

Construction Land Development As-is 383

Housing Wire

JUNE 2, 2025

The company, redT Homes , states that it’s the Denver areas only residential real estate development company […] offering a full suite of services, ranging from land acquisition and entitlement to design, architecture, and construction along with real estate-focused marketing and sales.

Development 321

Development Construction New Construction Land 321

Housing Wire

OCTOBER 22, 2024

” Last week, following the release of construction data for September from the U.S. Mortgage rates continue to rise, serving as a bucket of cold water for lenders and consumers that were warming to lower borrowing costs just a few months ago. That was up 15 basis points (bps) from one week ago and 30 bps higher than on Sept.

Mortgages 441

Mortgages Marketing Construction Sales 441

Housing Wire

MAY 14, 2024

As a result, some homebuilders have doubled down on the construction of built-to-rent (BTR) homes. The momentum is continuing as another 99,000 BTR homes are under construction in 2024, although the breakneck pace is expected to ease in 2025. Many builders feel bullish about places that are low on rental supply.

Construction 449

Construction Development Investor As-is 449

Housing Wire

APRIL 18, 2025

Navigating the home buying process often begins with deciding between a new build or an existing homeand while new construction offers exciting possibilities, it also comes with unique challenges. New builds come with builder warranties and construction quality may vary due to labor shortages, and delays can occur.

Purchase and sale agreement 323

Purchase and sale agreement New Construction Construction Closing costs 323

Housing Wire

JANUARY 10, 2025

The construction sector showed little month-over-month change, adding just 8,000 jobs. Residential building construction added 3,500 jobs from November, while residential specialty trade contractors added just 500 positions. year-over-year, which is faster than the overall rate of inflation.

Residential 383

Residential Construction MLS Mortgages 383

Housing Wire

APRIL 24, 2025

The report evaluates each state using weighted criteria tied to affordability and construction activity. Homebuilding was assessed using construction permit volumes relative to population and price differences between new and existing homes. Texas and Iowa each had A- scores. The report points to restrictive zoning as a key barrier.

Construction 305

Construction New Construction Development Land 305

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. This would act as an equivalent to reducing the mortgage rate by more than 1.5%

Construction 534

Construction Closing costs Renovation Title 534

Housing Wire

MAY 2, 2025

This report shows a loss of manufacturing jobs, and although construction jobs increased, residential construction labor slightly declined. Residential construction labor We’ve noticed a slight month-to-month decline, which well monitor closely as we approach 2025. percent, the U.S. Federal government employment declined.

Mortgages 360

Mortgages Construction Residential As-is 360

Housing Wire

JANUARY 10, 2025

The key data line for me in this part of the economic cycle is residential construction jobs , and while that data is not growing much anymore, its not declining, as we can see below. If the residential construction worker jobs decline, that can push us to a higher unemployment rate since we already have job losses in this sector.

Mortgages 466

Mortgages Residential Construction As-is 466