Housing Wire

SEPTEMBER 26, 2023

“Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said. The seasonally‐adjusted estimate of new houses for sale at the end of August was 436,000.

As-is 506

As-is Sales New Construction MLS 506

Real Estate News

JUNE 18, 2025

Skip to Content Agents Brokerages MLS/Assn Tech Industry By the Numbers Consumer Shutterstock By the Numbers Home construction stalls as costs rise, demand softens Housing starts and permits fell in May in response to economic and market factors, while buyers continue to hold out despite easing mortgage rates. Write to Dave Gallagher.

Construction 159

Construction Finance MLS Mortgages 159

Housing Wire

OCTOBER 18, 2023

However, permits for future construction recorded a 4.4% Despite the uptick last month, builders are becoming increasingly anxious about persistently high mortgage rates and cooling demand,” Lisa Sturtevant, chief economist at Bright MLS , said in an emailed statement. Could multifamily construction stall? Census Bureau data.

Construction 451

Construction Development MLS Mortgages 451

Housing Wire

JULY 26, 2021

Multiple Listing Services (MLS) by those trying to disparage the system. The cooperative MLS system exposes home listings to the largest number of potential buyers with an offer of compensation to any successful buyers’ agent. I have been following the discussion around the competitiveness, costs and consumer benefits of U.S.

MLS 388

MLS Purchase and sale agreement Brokerage Closing 388

Housing Wire

OCTOBER 24, 2024

“I knew things were going down, but I didn’t know how bad it was until people started knocking on our door.” Now Sandoval, who was featured earlier this year in a Wall Street Journal article , is the one knocking on the doors of homeowners facing foreclosure or other distressed circumstances. There is nothing like that face to face.

Bankruptcy 430

Bankruptcy Equity Hard money loan Finance 430

Real Estate News

JUNE 17, 2025

Skip to Content Agents Brokerages MLS/Assn Tech Industry By the Numbers Consumer Shutterstock By the Numbers Builder sentiment sours heading into summer The NAHB’s June confidence index was the third-lowest in the past 13 years as new home prices weaken and buyers remain on hold. Housing permits for single-family homes fell 4.7%

MLS 267

MLS Construction Brokerage Sales 267

Housing Wire

DECEMBER 21, 2023

A rise in homebuilder confidence , followed by new home construction reaching its highest level since May, signals a response to meet heightened demand as current inventory remains low.” Lower rates will have a positive impact on affordability, Lisa Sturtevant, chief economist at Bright MLS, said in a statement.

Mortgages 506

Mortgages Fixed-rate mortgage MLS New Construction 506

Housing Wire

JULY 23, 2024

HousingWire Lead Analyst Logan Mohtashami recently wrote that higher mortgage rates “have increased recession risk by targeting the one sector that always falls before every recession: residential construction workers. In June, 38% of buyers successfully completed a purchase through Bright MLS while submitting only a single offer.

Mortgages 506

Mortgages MLS Finance Loans 506

Housing Wire

AUGUST 2, 2024

Job gains in July were most notable in industries like health care (55,000 jobs), transportation and warehousing (14,000 jobs), and construction (25,000 jobs), a positive for the housing industry. Overall, for the past year, the construction sector has added an average of 19,000 jobs per month. Data from the U.S.

Mortgages 482

Mortgages Marketing Construction Residential 482

Housing Wire

DECEMBER 19, 2023

New construction rose to a seasonally adjusted annual rate of 1,560,000, according to the U.S. Single-family building activity drove November residential construction activity. Single-family building activity drove November residential construction activity. But permits for future construction fell 2.5% from October.

Mortgages 441

Mortgages Construction New Construction Residential 441

Housing Wire

SEPTEMBER 18, 2024

Slowdowns in new single-family construction over the summer reflected sagging builder confidence, but homebuilders appear to be more confident as mortgage rates have fallen over the past few weeks and as the Federal Reserve gets set to cut interest rates. monthly and 6.2% annually to a rate of 333,000 starts. month over month and 5.2%

Marketing 475

Marketing Construction New Construction MLS 475

Housing Wire

OCTOBER 3, 2023

The app will also house all of eXp’s active MLS listings and the service is free to eXp Realty agents. At eXp, we firmly believe the highest and best form of marketing a property is placing it in the MLS and exposing it to as many people as possible,” Pareja added. eXp Realty is looking to get into the exclusives game. and Canada.

MLS 441

MLS New Construction Brokerage Agents 441

Housing Wire

SEPTEMBER 19, 2023

On the bright side, permits for future construction recorded a 6.9% However, it was 2% higher than a year ago, Bright MLS Chief Economist Lisa Sturtevant noted. This annual increase in new starts was driven entirely by new construction activity in the South region, she noted. Census Bureau. Permits were 2.7%

Construction 481

Construction New Construction MLS Marketing 481

Housing Wire

OCTOBER 4, 2024

Most of the job gains in September occurred in food services and drinking places (+69,000 jobs), health care (+45,000 jobs), government (+31,000 jobs), social assistance (+27,000 jobs), and construction (+25,000 jobs). Over the past 12 months the construction sector has averaged a gain of 19,000 jobs per month. Data from the U.S.

Construction 460

Construction Residential MLS Land 460

Housing Wire

SEPTEMBER 27, 2023

Fueling this increase is new construction, according to Divounguy, even though the 1.3% Fueling this increase is new construction, according to Divounguy, even though the 1.3% After experiencing a temporary hiccup between July 2022 to January 2023, the U.S. Over the past year, the value of the U.S. rise in the average value of U.S.

Marketing 518

Marketing New Construction Finance Construction 518

Housing Wire

JULY 17, 2024

Despite a 3% monthly increase , the pace of new housing construction was 4.4% Multi-family construction has cooled considerably, while the dip in new single-family construction was more modest,” Lisa Sturtevant, chief economist at Bright MLS , said in a statement. “A A slowdown in apartment construction is not surprising.

Construction 451

Construction Property Management MLS Development 451

Housing Wire

MARCH 25, 2024

Additionally, mortgage applications for new homes surged in February as a lack of existing homes for sale continued to fuel the demand for new construction. At the end of January, there were 463,000 new homes available for sale, as new construction continues to account for an outsized share of the housing inventory.

Sales 473

Sales New Construction Construction MLS 473

Housing Wire

JANUARY 6, 2023

The lion’s share of the job growth in December came from gains in the leisure and hospitality sector (up 67,000 jobs), the health care sector (up 55,000 jobs), and the construction sector (up 28,000 jobs). The construction sector’s large increase is thanks to a sizable gain in the number of specialty trade contractors which added 16,600 jobs.

Marketing 468

Marketing Residential Construction MLS 468

Housing Wire

JANUARY 5, 2024

While this is below the job growth in 2021 and 2022, when the economy was rebounding from the sharp job losses in 2020, it is still a much higher pace of job growth than we had before the pandemic,” Bright MLS Chief Economist Lisa Sturtevant said in a statement. With December’s numbers in, a total of 2.7 million jobs were added to the U.S.

Construction 451

Construction MLS Investor Mortgages 451

Housing Wire

NOVEMBER 17, 2023

Permits for future construction also jumped 1.1% It also surpassed last year’s level, according to Bright MLS Chief Economist Lisa Sturtevant. The Northeast did not perform as well as weather, supply chain issues, and difficulties getting permits hampered construction. gain from the revised September estimate of 1,346,000 and 4.2%

Construction 440

Construction MLS Finance Development 440

Housing Wire

SEPTEMBER 20, 2024

The rule requires brokers and agents to submit a property to an MLS within a day after sharing it with the public. He believes that sellers will benefit from having more exposure for a specific property via MLS-syndicated data. But these examples are too few and far between to require a complete revamping of the policy. “If

Agents 417

Agents Brokerage MLS Technology 417

Housing Wire

JULY 5, 2024

Job gains in June were most notable in industries like government (70,000), health care (49,000), social assistance (34,000) and construction (27,000), a positive for the housing industry. Overall, for the past year, the construction sector has added an average of 20,000 jobs per month. Data from the U.S.

Construction 429

Construction Residential MLS Industrial 429

Housing Wire

DECEMBER 6, 2024

Its up to us as agents to stay engaged and stay in contact with our clients. Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. Lets dive in! Summary What is a real estate newsletter? Why send a regular real estate newsletter?

Pre-approval 387

Pre-approval Design Industrial Agents 387

Housing Wire

NOVEMBER 14, 2023

“Shelter inflation has been coming down slowly since the summer, as new residential construction activity ramped up in 2023,” said Lisa Sturtevant, chief economist for Bright MLS. Even though shelter prices dropped to 0.3% the prior month, they’ve increased 6.7% On Tuesday, traders priced in a nearly 85.7%

New Construction 417

New Construction Construction MLS Residential 417

Housing Wire

SEPTEMBER 7, 2023

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. 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.

Mortgages 460

Mortgages Fixed-rate mortgage Marketing MLS 460

Housing Wire

AUGUST 14, 2024

Bright MLS chief economist Lisa Sturtevant raised the question of whether the Fed has waited too long to cut rates given how much housing costs are driving the metric. Bright MLS chief economist Lisa Sturtevant raised the question of whether the Fed has waited too long to cut rates given how much housing costs are driving the metric.

MLS 441

MLS Staging Land Construction 441

Housing Wire

MAY 5, 2023

This rate of growth is likely faster than would be consistent with the Federal Reserve’s 2% inflation target.” “The unemployment rate fell and is now lower than it has been since 1953,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. Falling mortgage rates would provide more juice to the U.S.

Construction 388

Construction Residential MLS Mortgages 388

Housing Wire

NOVEMBER 3, 2023

While wages kept rising, October posted the slowest pace of wage growth since June 2021, according to Bright MLS Chief Economist Lisa Sturtevant. 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. million).

Marketing 416

Marketing Construction MLS Mortgages 416

Housing Wire

JUNE 2, 2023

The construction sector also saw job gains in May, adding 25,000 positions, thanks to a large uptick in heavy and civil engineering construction, which added 10,700 jobs. Residential building construction added 2,400 jobs during the month. in April, with the total number of unemployed persons rising to 6.1

Construction 388

Construction MLS Mortgages Loans 388

Housing Wire

JULY 7, 2023

Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up. Employment in the construction industry has increased by an average of 15,000 per month thus far this year, compared with an average of 22,000 per month in 2022.

Construction 370

Construction Residential MLS Renovation 370

Housing Wire

NOVEMBER 27, 2023

However, the share of new construction for sale in the third quarter was the highest ever recorded. single-family homes for sale in the third quarter were new construction, up from 28.9% These days, the typical new home is just 5% more expensive than the typical existing home, according to Bright MLS Chief Economist Lisa Sturtevant.

Sales 430

Sales New Construction Construction Closing costs 430

Housing Wire

APRIL 18, 2023

Construction of homes in buildings with five or more units, which generally is going to include apartment buildings, has been running at a faster pace than last year,” Lisa Sturtevant, Bright MLS ’ chief economist, said in a statement. Despite the slight monthly decrease, housing starts are down just 17.2% annual drop in February.

Construction 370

Construction MLS New Construction Finance 370

Housing Wire

MAY 23, 2023

Demand for newly built homes has been strong amidst the historically low inventory of existing homes for sale ,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. The uptick in new construction will help these more discretionary movers because now they see more options available.”

New Construction 403

New Construction MLS Construction Sales 403

Housing Wire

MARCH 10, 2023

Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. The construction sector added 24,000 jobs in February thanks to a large uptick in the specialty trade contractors segment of construction, which gained 13,400 jobs, and residential specialty trade contractors accounted for 11,200 of those jobs. million. “The

Residential 370

Residential Construction MLS Mortgages 370

Housing Wire

FEBRUARY 3, 2023

The construction sector added 25,000 jobs in January thanks to a big uptick in the number of specialty trade contractors (up 21,900 jobs). In addition, non-residential building construction added 4,100 jobs, compared to just 100 jobs in residential construction “Residential building construction employment is up 3.5%

Marketing 370

Marketing Residential Construction MLS 370

Housing Wire

JULY 19, 2023

single-family homebuilding fell in June, but permits for future construction rose to a 12-month high on the weakness of the existing home sales market. noted Bright MLS Chief Economist Lisa Sturtevant. The number of single-family homes under construction remains high. The decline in housing starts came after a massive 18.7%

Construction 370

Construction New Construction MLS Lending 370

Housing Wire

MARCH 27, 2024

Construction slows down One thing that stands out in Jacksonville’s listings rankings is the recurring presence of homebuilders. In fact, DR Horton alone was responsible for almost 5% of all of Jacksonville’s MLS listings in 2020, 2021 and 2022. Competition heats up In 2019, Watson Realty Corp.

Brokerage 460

Brokerage Construction MLS Land 460