Housing Wire

FEBRUARY 22, 2022

The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Tye Alroe, director of Alroe Constructions , was recently let down by a subcontractor who pulled out of a job at the last minute. “I As a result, costs are exceeding budgets by thousands of dollars.

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Construction Residential Industrial As-is 426

Housing Wire

JULY 8, 2022

The construction sector, meanwhile, had only a slight gain, according to the U.S. But employment showed little change over the month in other major industries, including construction, retail trade, financial activities, government and other services. Creating a path to success in today’s purchase market. Job growth in the U.S.

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Construction Industrial Residential Mortgages 371

Housing Wire

JUNE 3, 2022

After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. The post Residential construction jobs now 7.6%

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Residential Construction Banks Renovation 473

Housing Wire

OCTOBER 8, 2021

After losing 3,000 jobs in August , the construction sector added 22,000 jobs in September. However, construction employment is still 201,000 jobs below its February 2020 level. The average hourly earnings of production and non-supervisory employees in construction are up 5.8% jobs report released on Friday.

Construction 458

Construction Residential Development Mortgages 458

Housing Wire

SEPTEMBER 27, 2023

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. housing market has surged by more than $2.6 Fueling this increase is new construction, according to Divounguy, even though the 1.3%

Marketing 517

Marketing New Construction Finance Construction 517

Housing Wire

NOVEMBER 3, 2023

What to expect in the housing market ? In October, construction employment continued to trend up, adding 23,000 more jobs, aligning with the average monthly gain of 18,000 over the prior 12 months. More specifically, jobs picked up in specialty trade contractors (+14,000) and construction of buildings (+6,000).

Marketing 371

Marketing Construction MLS Mortgages 371

Housing Wire

DECEMBER 22, 2023

Facing a challenging housing market can be daunting for agents and loan officers alike. As industry professionals grapple with uncertainties, market shifts and evolving dynamics, the key to thriving lies not only in adapting to change but also in embracing it as an opportunity for growth.

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Loan Officer Agents Marketing Loans 433

Housing Wire

APRIL 7, 2023

Signs of a slowdown in the labor market have emerged, sparking hope that the Federal Reserve may stop its ongoing tightening monetary policy, which has spurred increasing mortgage rates. The slowdown in the labor market has been very gradual, according to them. Heavy and civil engineering construction created 7,100 jobs.

Marketing 384

Marketing Construction Residential Industrial 384

Housing Wire

NOVEMBER 5, 2021

For the second month in a row the construction sector added jobs, rising by 44,000 jobs in October. Unfortunately for the residential housing sector, most of these jobs were in nonresidential specialty trade contractors (19,000), and in heavy and civil engineering construction (12,000). Residential building is up 5.4%

Residential 334

Residential Construction Development Mortgages 334

Housing Wire

NOVEMBER 22, 2023

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. It’s a savagely unhealthy housing market out there, and these economists unpack what that means for you. Register for the virtual event on Dec.

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Housing Wire

JANUARY 5, 2024

Here are my three key points on the labor market recovery since I retired my COVID-19 recovery model on Dec. Employment continued growing in government, health care, social assistance, and construction, while transportation and warehousing lost jobs. Does this mean the labor market is breaking? 9, 2020: 1. percent, the U.S.

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Marketing Staging Land Construction 481

Housing Wire

MAY 7, 2024

It is shipped from the Boxabl manufacturing facility in Las Vegas and is “designed to unfold into a fully functional dwelling unit in just a few hours,” reducing construction costs and minimizing environmental impacts, according to a company news release.

Construction 397

Construction Finance Design Technology 397

Housing Wire

SEPTEMBER 7, 2023

Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. Rates should continue to come down from their peaks, as the inflation and the jobs market are cooling, said Bright MLS Chief Economist Lisa Sturtevant.

Mortgages 452

Mortgages Fixed-rate mortgage Marketing MLS 452

Housing Wire

JANUARY 22, 2024

Seniors largely want to remain in their own homes as they get older, and that preference could be remaking the housing market in the city of Chicago, according to a new report. The two organizations produce the quarterly Reverse Mortgage Market Index (RMMI) report. Boomers own 35.6% of the national U.S.

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Marketing Construction Equity Mortgages 363

Housing Wire

JANUARY 26, 2024

A new report from Construction Coverage sourced by its researchers and data from the U.S. Census Bureau and Zillow identified the top metro areas in the country that contain baby boomer homeowners, identifying both the “top” and “bottom” 15 markets. At the top of the list is Tucson, Ariz., with 41.8%

Marketing 429

Marketing Equity Construction Loans 429

Housing Wire

JANUARY 13, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. With continued supply chain disruption, cost increases and fear of inflation , the market has felt tenuous at best. 2022 marked a unique time for homebuilders.

Marketing 479

Marketing Construction Industrial Staging 479

Housing Wire

DECEMBER 28, 2023

Leaders in Colorado districts are entering the housing market in a variety of ways, including engaging in partnerships with developers, constructing tiny homes and even becoming landlords, according to a story published by the Denver Post. Rents also remain challenging according to data the Post cites from Zillow.

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Marketing Land Development Construction 444

Housing Wire

JUNE 2, 2023

today should be between 158 million and 159 million , or in a weaker labor market growth scenario, between 157 million and 158 million. Now let’s look at the labor market on all fronts from the data we got this week to get a comprehensive view of the labor market today. What the U.S. What the U.S. percentage point to 3.7

Marketing 427

Marketing Construction Staging As-is 427

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like? Balancing supply and demand is a delicate dance between new construction and existing properties. Balancing supply and demand is a delicate dance between new construction and existing properties. territories.

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Due diligence Marketing Mortgages New Construction 389

Housing Wire

APRIL 1, 2022

A total of 431,000 non-farm payroll jobs were added in March, and employment in the construction industry is now above its pre-pandemic level, after the industry added 19,000 jobs. “And the confidence that many potential homebuyers have in their financial situation also benefits from this historically strong job market.

Marketing 430

Marketing Construction Residential Industrial 430

Housing Wire

AUGUST 4, 2023

Employment in the construction industry continued to trend up in July, adding 19,000 jobs, especially in the residential construction space. Furthermore, residential building construction employment was flat year-over-year in July, while non-residential was up by 5.9%, according to First American Economist Ksenia Potapov.

Marketing 298

Marketing Residential Construction Commercial 298

Housing Wire

JULY 26, 2023

“New home sales continue to be an outsized share of the housing market ,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. The market for new homes is booming because the number of existing homes coming on the market has slowed to a two-decade low. from a month prior, but down 3.6% compared to June 2022.

Sales 346

Sales New Construction Marketing Construction 346

Housing Wire

OCTOBER 5, 2023

The real estate market in China, both commercial and residential, have been unwinding over the last few years. Chinese real estate investments extend beyond their borders and if those investors suddenly need to liquidate those assets to cover losses at home , many countries real estate markets could be negatively impacted. In the U.S.,

Marketing 437

Marketing Residential Investor New Construction 437

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. Chikonde is a vice president and director of capital markets with Dart Bank , a position she held since August 2022.

Mortgages 355

Mortgages Marketing Lending Construction 355

Housing Wire

NOVEMBER 4, 2022

This means the honey badger labor market will keep the Federal Reserve from pivoting anytime soon. . The labor market is actually running into a big theme of my economic work over the years. No country has a Dorian Gray labor market and the labor market deals with different dynamics as the baby boomers leave the workforce each year.

Marketing 503

Marketing Construction Land Mortgages 503

Housing Wire

JANUARY 30, 2024

Two complex factors are set to transform the rental market in 2024, creating new challenges and opportunities for property managers. The second is a more competitive rental market, driven by record-high construction of multifamily rental properties. At the same time, the data suggests several benefits for early adopters.

Property Management 388

Property Management Marketing Technology Branding 388

Housing Wire

JULY 26, 2021

In the last few months in my articles for HousingWire, I have written that monthly supply has been rising and that this increasing supply was the most critical metric for the housing market, specifically the new home sales market. months and below is a good market for the builders — 4.4 This represents a supply of 6.3

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Marketing Sales Construction As-is 523

Realty Biz

FEBRUARY 3, 2022

Construction is a competitive industry. With the number of qualified contractors constantly growing, marketing is one of the essential tools for any construction business to operate at its full potential. Below, we share valuable marketing advice to get more clients in construction. Optimize Google My Business.

Construction 103

Construction Marketing Branding Design 103

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.

Loans 103

Loans Construction VA loan Finance 103

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

Realty Biz

FEBRUARY 18, 2022

Construction is a competitive industry. With the number of qualified contractors constantly growing, marketing is one of the essential tools for any construction business to operate at its full potential. Below, we share valuable marketing advice to get more clients in construction. . Optimize Google My Business.

Construction 101

Construction Marketing Branding Design 101

Marco Santarelli

APRIL 11, 2024

housing market has been a topic of intense scrutiny and speculation, especially as home prices continue to rise in 2024. The question on many people's minds is whether these trends indicate the formation of a housing bubble that could lead to a market crash reminiscent of the 2008 financial crisis.

As-is 98

As-is Purchase and sale agreement Investor Mortgages 98

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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New Construction Construction Closing As-is 95

RIS Media

AUGUST 6, 2021

The problem area is in the construction labor force, where jobs increased by 11,000 in July, but the question remains: Is it enough to fill the growing inventory void that’s driving up real estate competition and home values across the nation? Construction employment was up by 11,000, with most of the strength in residential building.

Construction 113

Construction Marketing Residential Industrial 113

RIS Media

AUGUST 2, 2021

If you’ve spent any time watching the real estate market this year or working in the field, you know we’re navigating one of the hottest seller’s markets on the books, and new construction has been an ongoing challenge. Falling Lumber Costs Could Level Out the Market. Will the result take immediate effect? Probably not.

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New Construction Construction Marketing Agents 105

Toronto Realty Blog

APRIL 8, 2024

of Torontonians had never heard of Bjarke Ingels, and that there was no reason why people should be paying $2,000 per square foot for a pre-construction project simply because it has his name on it. I remember writing about the King Toronto project several years ago and cynically suggesting that 99.9% But maybe I’m just boring?

Construction 75

Construction Development Design As-is 75

Eye on Housing

JUNE 1, 2022

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs jumped to 449,000 unfilled positions in April. The housing market remains underbuilt and requires additional labor, lots and lumber and.

Construction 126

Construction Industrial Marketing As-is 126