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. Cosmetic updates like flooring, paint or finish work can sometimes be done after closing at a lower cost.

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Purchase and sale agreement New Construction Construction Closing costs 311

Housing Wire

JANUARY 17, 2024

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. Index values for most construction inputs are down from 2022 but remain above pre-pandemic levels. That could set the backdrop for a slower pace of construction.

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Construction Land Residential Mortgages 466

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. At 2024’s pace, closing the gap would take 7.5 But as Hale pointed out, the U.S. still faces a supply shortfall of 3.8

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Construction New Construction Closing As-is 331

Housing Wire

FEBRUARY 1, 2023

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. This type of loan only has one set of closing costs to pay, reducing the borrower’s overall fees.

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Construction Loans Loan Officer New Construction 397

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. It is also wary of some of the proposals.

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Construction Closing costs Renovation Title 534

Housing Wire

JANUARY 8, 2021

Understanding what expenses are required at closing to buy a house will help you budget and save more effectively. In this article, we break down exactly what closing costs are so you’re prepared when you start shopping for a home: What are closing costs? Closing costs are the thousands of dollars associated with buying a home.

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Closing costs Closing Title search Title 528

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.

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New Construction Construction Agents Marketing 465

Housing Wire

MARCH 30, 2023

Achieving [these] goals will also help encourage community banks to expand their construction-to-permanent mortgage lending activity, especially in small towns and rural markets.”

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Construction Loans Banks Lending 384

Housing Wire

APRIL 21, 2025

of home sales from January through March included concessions such as money toward repairs, closing costs or mortgage rate buydowns. a year ago and close to the record figure of 45.1% According to a new report from Redfin , 44.4% Thats up from 39.3% at the start of 2023. That figure nearly doubled from 36.4%

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Seller concession Purchase and sale agreement Closing costs New Construction 408

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. Federal government employment declined.

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Mortgages Construction Residential As-is 350

Housing Wire

MARCH 24, 2025

To classify these sales, Zillow identified sales that were reported pending or closed with at most one day active and with a buyer and seller represented by the same agent or by agents within the same brokerage office, the report stated. Zillow said only this subset of off-MLS transactions was included in the analysis.

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Housing Wire

MARCH 7, 2025

So that really kind of hinders our actual total sales and total closings. I think that we’ve underbuilt for 13 years in this country and in this state, so definitely, new construction is in order, she said. I wish there was a way that we could make it more affordable for the actual raw materials, the construction materials.

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Marketing New Construction Construction Development 377

Housing Wire

MAY 20, 2025

Collectively, the group brings more than $400 million in career sales and 500-plus closed transactions across Maryland markets, including Annapolis and Severna Park. Anchor Home specializes in high-end residential sales, staging, new construction consultations and renovation strategies. Their average listing price is $1.7

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New Construction Renovation Principal Construction 308

Housing Wire

JANUARY 17, 2025

This is why it’s essential to monitor builders’ forward-looking outlooks closely. range are not as low as the 3.25% to 5% rates we experienced over the past decade, that range should still facilitate the construction of more homes. I discussed this on the HousingWire Daily podcast today. While rates in the 6-6.5%

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Mortgages Construction Sales As-is 466

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. They want to attract younger employees, including recent college graduates.

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Construction Land Development New Construction 402

Housing Wire

OCTOBER 1, 2024

We are proud to have constructed one of the most durable and high-quality portfolios of MSR in the market and this partnership will allow us to benefit from Rocket’s industry-leading servicing capabilities and retention rates,” said Steve Campbell, Annaly’s president and chief operating officer. In the second quarter, it added $20.8

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Housing Wire

JANUARY 30, 2025

For example, 30% of purchase transactions were new construction last year. If you’re a loan officer, you should have a construction product that focuses on builders, developers and Realtors. And, its focusing on areas like construction, non-QM, the fix-and-flip and second lien production.

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New Construction Construction Marketing Equity 279

Housing Wire

JULY 29, 2024

Senate and House of Representatives have reintroduced a bill designed to address housing issues by rehabilitating or constructing millions of additional units in an effort to bring down costs for renters and homeowners. A coalition of Democratic lawmakers in the U.S. Democrats are the only lawmakers who have signed on.

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Land Construction Equity Banks 445

Housing Wire

MAY 10, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $300 million unrated securitization of residential transition loans (RTLs), the company announced on Friday. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions.

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Closing Principal Investor Residential 374

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

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Closing Brokerage New Construction Agents 410

Inman

MARCH 21, 2025

Commercial construction technology company BuildOps has arrived at unicorn" status a valuation of $1 billion upon closing a Series C round of funding totaling $127 million.

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Construction Commercial Technology Closing 100

Housing Wire

FEBRUARY 6, 2025

Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. Beyond that, Deephaven allows up to 3% seller concessions at closing. Deephavens Equity Advantage Closed End Second is a second mortgage designed for one purpose assisting borrowers in borrowing their equity.

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Loans Mortgages Equity Construction 288

Housing Wire

JANUARY 4, 2025

Mortgage spreads If mortgage spreads did not improve in 2024, we would have already lost some construction workers due to rising rates. If we apply the worst spread levels from 2023 to today’s rates, we would see an increase of an additional 0.77% on the mortgage rate, bringing us close to 8%. Weekly inventory change (Dec.

Mortgages 496

Mortgages Sales Closing Construction 496

Housing Wire

MAY 15, 2025

Every single buyer I ask, ‘Would you buy a home today if you could get a 5% rate with no points, streamline underwriting, closing fast?’ We have a law firm thats closed more than 25,000 of these transactions, and never had a due-on-sale clause. Most people think its because of interest rates, Leahy said.

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Finance Lending Bankruptcy Residential 370

Housing Wire

FEBRUARY 4, 2025

The conversation closes with Divounguy sharing his framework for tackling the affordable housing crisis in the U.S. What that tells me is that we really need more housing supply coming from new construction. Simonsen: Do you have a take on your forecast for total home sales volume for 2025?

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New Construction Mortgages Construction Sales 360

Housing Wire

JANUARY 28, 2025

Private credit now has taken over and replaced the banks in facilitating much faster than bank-closed financing, and providing competitive terms and rates to those borrowers Wolak: Real estate investors are responsible for about one-quarter of all home sales. We still see a more modest advance for new single-family home construction.

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Residential Lending Finance Banks 341

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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Closing MLS Residential Construction 384

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

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Lending Equity Banks Construction 237

Housing Wire

MARCH 12, 2025

Many Black families moved to these neighborhoods in the 1960s after redlining and interstate construction forced them out of other areas. ” Kalin closed his session with tailored advice for agents who are assisting landlords, buyers, and tenants with wildfire recovery. But as a result of what happened, there will be changes.

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Agents Construction As-is Closing 327

Housing Wire

JANUARY 4, 2023

After Finance of America Companies closed its forward mortgage origination unit in October, a total of 21 FoA retail branches transitioned to Go Mortgage, said Steven Reich, a division president at Go Mortgage and former executive at FoA, in an interview with HousingWire. “Refis are the easier product of the industry,” Reich said. “We

Mortgages 496

Mortgages FHA loan Loan Officer Construction 496

Housing Wire

DECEMBER 4, 2024

“Using a reverse mortgage as part of retirement planning is more important today than ever before and this change allows for greater opportunities for qualified borrowers to leverage the financial tool for luxury homes, as well as for new construction and existing properties.” Others are taking a more nuanced approach to the increase.

Mortgages 384

Mortgages Equity Lending Loans 384

Housing Wire

APRIL 10, 2025

Long-term growth Roughly 110,000 single-family rental homes are currently under construction or in the planning stages nationwide, according to Point2Homes. Phoenix closely followed with 12,702 new homes. Phoenix once again leads the pack with 13,010 homes in the pipeline, followed by Dallas (8,450) and Atlanta (6,644).

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Development Staging Construction Closing 279

Housing Wire

FEBRUARY 10, 2025

In July 2024, Kiavi announced its closing of a $350 million securitization of residential transition loans (RTLs), bringing its six-month volume of issuances to nearly $1 billion. It also closed five RTL securitizations for nearly $2 billion and expanded its product suite by launching a new construction financing product.

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Lending New Construction Residential Investor 259

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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Construction Banks Closing As-is 545

Housing Wire

MAY 23, 2024

However, we need to keep an eye on the housing construction data in this report because it has huge implications for the economic cycle, our recession risk and mortgage rates. The future production of housing units at risk I am bringing this up because economic recessions tend to see residential construction workers lose their jobs first.

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Sales Marketing Construction Residential 476

Housing Wire

DECEMBER 18, 2024

And then looking at the vast demand or the vast breadth of competitors out there, we kind of looked at where they are doing well and where did we need to kind of jump in there and kind of close that gap. Citi led creative testing throughout the year-long site design and build, and will conduct testing throughout 2025.

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Marketing Lending Branding Banks 391

Housing Wire

MAY 16, 2025

The analysis is based on Redfins national data, including home sales closed by Redfin agents, partner-agent referrals, and transactions involving Redfin-owned Bay Equity Home Loans. Kastner said many of the lower commissions shes observed are tied to new-construction homes located outside Seattles core. In Portland, Ore.,

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Agents New Construction Equity Construction 279