Housing Wire

JULY 26, 2023

Despite yet another increase in homebuilder sentiment , the sales pace of new homes declined month over month in June, according to data published on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). In June, the sales pace of new homes fell 2.5% from a month prior, but down 3.6%

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Sales New Construction Marketing Construction 368

Housing Wire

MAY 13, 2021

“Adjusting to seasonal effects, MBA estimates that new home sales in April rebounded from a two-month slump, increasing 8 percent to an annualized pace of 770,000 units,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Sales FHA loan Loans Construction 457

Housing Wire

MAY 25, 2021

Record-high building material prices and a continued lack of labor brought down new home sales in April to a seasonally adjusted annual rate of 863,000 ? Census Bureau and the Department of Housing and Urban Development. April’s new home sales are nearly double that of April 2020’s estimate of 582,000.

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Sales Construction Loans Technology 414

Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? Maybe you can come up with a better analogy for me?

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Housing Wire

JUNE 22, 2021

Existing home sales fell for the fourth consecutive month in May, down.9% According to the NAR, despite existing home sales falling, activity is slowly approaching pre-pandemic levels. Regionally, only the Midwest experienced higher existing home sales from the month prior. 9% from April to 5.8 The region rose 1.6%

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Sales Construction Marketing Development 414

Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.”

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Finance Construction Loans Renovation 476

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.

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Construction Inspection New Construction Residential 97

Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. This synergy allows Planet to offer unparalleled operational support to its sales professionals, along with no hidden overlays and some of the industry’s best turn times.”

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Lending Loans Renovation Mortgages 414

RIS Media

FEBRUARY 1, 2024

Buying a house under construction is a more viable option now than it has been in the recent past. That’s because a lot of builders are undertaking to fill market needs due to the limited inventory of current homes for sale.

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Construction Sales Mortgages Marketing 122

Housing Wire

MARCH 12, 2024

Wells Fargo -backed mortgage fintech Maxwell rolled out a point-of-sale (POS) feature that offers tailored workflows and integrations. Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans.

Lending 403

Lending Technology Loans Equity 403

Housing Wire

SEPTEMBER 27, 2023

Fueling this increase is new construction, according to Divounguy, even though the 1.3% Divounguy added that new home sales should make up a bigger piece of the home sales pie moving forward. Divounguy added that new home sales should make up a bigger piece of the home sales pie moving forward.

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Marketing New Construction Finance Construction 510

Realty Biz

APRIL 12, 2024

million in funding for the construction or renovation of mixed-use developments. This financial support was generated through the sale of tax credits under the Mixed-Use Development Tax Credit Program, with the proceeds being channeled into the Community Revitalization Fund Program. Joseph Development GetBlok.io

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Development Commercial Renovation Finance 77

Housing Wire

MAY 11, 2024

We are seeing better positive sales growth on our weekly pending sales data. This can be partly due to a higher percentage of cash buyers in the sales mix that purchase applicatoins won’t account for. In 2022, we saw real price declines in the second half of the year as home sales were crashing.

Mortgages 432

Mortgages Construction Sales Marketing 432

Realty Biz

JUNE 15, 2021

Residential construction in the U.S. Despite declines in both affordability and availability, however, the luxury new construction condo market across the country features more than a few intriguing options, starting with these high-profile developments: 1000M – Chicago, IL. 111 Murray Street – New York, NY.

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New Construction Development Construction Residential 102

Housing Wire

APRIL 30, 2024

In the newly proposed rules handed down in October, the H4P program would, in certain circumstances, allow for inclusion of an interested party contribution of up to 6% of a home’s sale price. Broker perceptions Scott Harmes, the national manager of the reverse division at brokerage C2 Financial , believes that HUD’s changes are constructive.

Mortgages 386

Mortgages Closing costs Equity Construction 386

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. But you will also findhis name attached to a massive new real estate development in Toronto, known as Freed Hotel & Residences.

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Construction Development Design As-is 75

Realtor.com

NOVEMBER 17, 2022

Many homebuyers may find the added expense of new construction well worth it, due to the money they stand to save on renovations and repairs that might crop up in an older home. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics.

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New Construction Construction Development Renovation 126

Toronto Realty Blog

JULY 4, 2023

TorontoRealtyBlog Do you remember the good old days of pre-construction condominiums? I remember when, among other things, you could purchase a pre-construction condo with a mere 5% deposit. That was the reason to buy pre-construction condos back in 2004, not to mention that absurd 5% deposit structure. And that was it.

Construction 75

Construction Development Brokerage Equity 75

RIS Media

MAY 23, 2023

New home sales increased for the seventh straight month in April due to low inventory pushing an increase of demand into the new construction market. Department of Housing and Urban Development and the U.S. Census Bureau, new home sales rose to a rate of 683,000, 4.1% According to the latest data from the U.S.

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Sales New Construction Construction Development 105

RIS Media

MARCH 31, 2021

With inventory continuing to be at record lows in 2021, a new trend is developing in the real estate market regarding new-home construction. ” Of the new construction being built, many of them are more energy efficient and have more technology integrated into the homes.

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Construction Sales Land New Construction 111

RIS Media

JULY 26, 2023

After a big jump in May, new home sales dropped 2.5% Census Bureau and the Department of Housing and Urban Development. to a rate of 697,000, according to the latest data from the U.S.

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Sales Construction Development Mortgages 98

Housing Wire

JANUARY 18, 2024

This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale,” said Sam Khater, Freddie Mac’s chief economist.

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Fixed-rate mortgage Mortgages New Construction Construction 527

Calculated Risk Real Estate

APRIL 23, 2024

The Census Bureau reports New Home Sales in March were at a seasonally adjusted annual rate (SAAR) of 693 thousand. Census Bureau and the Department of Housing and Urban Development. emphasis added The first graph shows New Home Sales vs. recessions since 1963. The dashed line is the current sales rate. months from 8.8

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Sales Construction Closing Development 67

Housing Wire

MAY 25, 2022

While some buyers still enjoy finding their new construction home the old-fashioned way —spending a Saturday driving through neighborhoods — the National Association of Realtors (NAR) reports that 97% of homebuyers, regardless of age, use the internet in their home search.

New Construction 449

New Construction Construction Sales Industrial 449

McKissock

MAY 6, 2022

New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. Be careful as you choose comparable sales. Learn more.

New Construction 86

New Construction Construction FHA loan Land 86

Housing Wire

APRIL 2, 2021

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. Despite increased rate of tech adoption, the mortgage industry still has room for continued development and processes. Labor Department.

Construction 498

Construction Residential Industrial Mortgages 498

Housing Wire

FEBRUARY 8, 2024

To begin with, his reputation for excellence is ironclad: over a decade of experience as a real estate broker and over $300,000,000 in total sales. In 2024, Tate received Coldwell Banker’s International President’s Premier Award representing the company’s top 1% of all sales professionals.

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Agents Construction Design Branding 403

Realtor.com

JANUARY 11, 2023

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes. Getty Images. Getty Images.

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New Construction Construction VA loan Finance 110

Toronto Realty Blog

SEPTEMBER 19, 2022

I have been perhaps the harshest critic of the pre-construction condominium industry in Ontario over the past two decades. Some of you, reading this, have made money in pre-construction. The same thing from David about pre-construction, over-and-over; he’s been saying this for years. I have no doubt about that.

Construction 74

Construction Industrial Purchase and sale agreement Pre-approval 74

Sotheby's International Real Estate

JANUARY 20, 2022

Showcasing the height of new luxury construction in some of the world’s most sought after locations, let’s explore an exclusive new development from our worldwide network. This brand new, magnificent property for sale in Ordino is in an exclusive residential area located in the middle of nature with breathtaking views.

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Principal Residential Development Branding 96

Realtor.com

JANUARY 17, 2023

But with new construction, you can call the shots on countertops, fixtures, flooring, paint colors, and so much more to make your home feel like, well, you! However, prospective new-construction customers should realize that certain builders may offer a wide array of options, whereas others may offer few to none. .

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New Construction Construction Design As-is 94

Realty Biz

APRIL 10, 2022

Real estate development is an interesting and lucrative industry, but like all lucrative sectors, it also comes with a number of challenges. Construction can’t happen without supplies and fleets to deliver them, but this may be easier said than done. There are dos and don’ts of buying land for sale or development.

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Development Industrial Construction Design 97

RIS Media

MAY 21, 2021

The MPI measures builder and developer sentiment about current conditions in the apartment and condo market on a scale of 0 to 100. The post NAHB: Multifamily Construction Sentiment Improves appeared first on RISMedia. This is the first time the MPI has been over 50 in seven quarters. ” Source: NAHB.

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Construction Industrial Development Marketing 105

RIS Media

FEBRUARY 28, 2022

The MPI measures builder and developer sentiment about current conditions in the apartment and condo market on a scale of 0 to 100. The MPI is a weighted average of three key elements of the multifamily housing market: Construction of low-rent units-apartments that are supported by low-income tax credits or other government subsidy programs.

Construction 98

Construction Development Land Industrial 98

Real Trends

MARCH 29, 2023

Builders responded in kind, gearing up the development of new homes to meet the growing demand. To clear their inventory, so they could build the next round of homes, developers dropped their prices drastically — in some cases, $50,000 to $100,000. The post Opinion: will we see massive price drops in new construction?

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New Construction Construction Banks Development 89

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. The median sales price of a home in June of 2021 was $370,600—an 24.4% Will the result take immediate effect?

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New Construction Construction Marketing Agents 105

Realtor.com

JANUARY 2, 2023

While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. With that in mind, we’re here to set the record straight on some easily busted new-construction myths that just won’t quit. New construction homes are more expensive.

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New Construction Construction Pre-approval Inspection 105