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Kiavi aims to strengthen construction lending with two executive hires

Housing Wire

Pittsburgh-based lender Kiavi on Monday announced the hirings of Tom Hallock and Robert Jayne as the company seeks to grow its construction financing segment to better meet the needs of real estate investors. Hallock has decades of prior experience in construction financing and real estate investment lending.

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Homebuyers turn to aging properties as construction lags

Housing Wire

The trend reflects a long-term slowdown in new home construction and growing affordability challenges. Without more construction, buyers are forced to choose from a pool of aging properties that present a new set of financial challenges, especially for those trying to save enough money to climb onto the property ladder.

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New apartment construction hasn’t lowered rents in many areas

Housing Wire

More inventory can bring down prices, but some renters still struggle to meet the rental price hikes found in new construction. increase in asking rents for newly constructed apartments in 2024 the biggest spike in 18 months. Seattle-based brokerage Redfin released a report this week that highlighted a 1.5%

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Southern construction boom is aiding housing affordability

Housing Wire

But increased activity in residential construction , particularly in the South, is helping to alleviate affordability challenges in certain regions, according to ananalysis from First American Financial Corp. This construction boom is contributing to slower home-price appreciation and, in some cases, price declines. Census Bureau data.

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Reimagining How Construction Companies Capture Progress Tracking

Speaker: Felipe Engineer-Manriquez, Christopher Gagliardi, George Hedley, and Jason Nichols

Construction is constantly evolving but not in the matter of building the biggest tower anymore-- it's about utilizing our technological advances to make sure we are doing our jobs better, faster, and more efficiently. How do we navigate the digital channels that the construction industry is in? Where do even begin?

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Here are the cities that lead the nation in new-home construction

Housing Wire

But the benefits of newly built homes are spread unevenly, as markets in the South tend to have more construction than other regions. Census Bureau and Zillow to find which cities have the most new-construction activity and sales. New construction in Texas and Florida comes as both states are seeing a drop in market activity.

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Highlands Residential Mortgage hires Daniel McCoy as regional construction loan manager

Housing Wire

Highlands Residential Mortgage announced that Daniel McCoy is joining the company as a regional construction loan manager for the Southeast. Daniel McCoy McCoy leads the construction-focused McCoy Mortgage Team , which has previously affiliated with companies like MVB Mortgage , Intercoastal Mortgage and Cardinal Financial.