Housing Wire

AUGUST 13, 2024

Construction of accessory dwelling units (ADUs) is taking off, but is it bringing down housing costs? A new report from John Burns Real Estate Consulting casts doubt on it, citing uneven geographic distribution of deregulations and the high cost of construction. As a result, the most impactful ADUs are in new construction.

Construction 409

Construction New Construction Equity Residential 409

Housing Wire

JULY 19, 2024

We specialize in non-agency loans, including bank statement loans, government lending, new construction and renovation products, and HELOCs , positioning us as a leader in the industry.” .” Our success is driven by our exceptional team and an expansive product portfolio.

Lending 426

Lending New Construction Renovation Banks 426

Housing Wire

DECEMBER 2, 2020

Home prices are expected to hit new highs while inventory makes a “slow but steady comeback.”. Plus, construction starts are projected to increase 9% over 2020. However, even if new construction jumps at a 9% clip, it’s not enough to sap the continual rise in home prices. More homes are expected hit the market.

Marketing 525

Marketing Construction New Construction Equity 525

Housing Wire

JANUARY 10, 2022

And if three hikes in the federal funds target come to pass, initial rates on ARMs, HELOCs and construction loans (often linked to the bank prime) will likely increase from one-half to three-quarters of a percentage point. for 30-year fixed-rate loans. 2022 should be a strong year for housing.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Housing Wire

AUGUST 8, 2024

That’s according to a new report from Redfin , which shows that housing has added $3.1 New construction has contributed heavily to the year-over-year rise, with the total number of homes increasing by about 800,000. trillion in value over the past year, bringing its total value to $49.6 That’s a 6.6% all crossed the mark.

New Construction 428

New Construction Equity Construction Marketing 428

Keeping Current Matters

JULY 27, 2021

According to Sam Khater, VP and Chief Economist at Freddie Mac : “The main driver of the housing shortfall has been the long-term decline in the construction of single-family homes.”. New home construction has been lagging behind the norm for quite some time. million new housing units per year. totaled more than 5.5

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New Construction Construction Equity As-is 334

Housing Wire

JANUARY 23, 2024

It’s a delicate balance between interest rates and equity. If rates drop and equity levels rise, homeowners may be more inclined to release their properties into the market, capitalizing on the accrued equity to offset higher interest rates. The second avenue for expanding inventory is new construction.

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Agents Equity New Construction Days on market 450

Housing Wire

JANUARY 6, 2022

Homebuilders responded to the shortage of homes for sale, accelerating new home construction, even as they face severe supply-side challenges, including rising building material costs and supply-chain bottlenecks, a lack of affordable lots, and difficulty in finding skilled labor. What about existing homes?

Construction 500

Construction New Construction Equity Sales 500

Housing Wire

JANUARY 9, 2024

Here are a few trends in financing that will continue to catalyze the construction of more ADUs: Expanded access to mortgage financing The Federal Housing Authority announced a new policy in October 2023 that has made it easier to finance construction of new ADUs, as well as making it more achievable to buy or refinance a house with an existing ADU.

Finance 485

Finance Construction Renovation Loans 485

Housing Wire

MAY 6, 2024

The associations also propose some language changes to the New Construction Subterranean Termite Service Record; the Builder’s Certification of Plans, Specifications, & Site; the HECM Anti-Churning Disclosure; and the condominium single-unit approval questionnaire to answer specific approval and detail issues that have been identified.

VA loan 421

VA loan Principal Residential New Construction 421

Housing Wire

DECEMBER 7, 2020

months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. months, the builders are ok with construction as long as new home sales grow. For this to work, we would need to prevent NIMBY lawsuits from delaying construction projects.

Construction 545

Construction Mortgages Sales Finance 545

Realtor.com

NOVEMBER 17, 2022

Compare that with a preexisting home’s median price of $396,300 , and it’s clear that buying brand-new might set you back tens of thousands of dollars extra. 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

Housing Wire

SEPTEMBER 18, 2024

In addition to recently making a key operations hire in an effort to expand its capacity to originate and fund loans, market conditions — including an expanding Home Equity Conversion Mortgage (HECM) for Purchase market — present a unique opportunity for the company.

Loans 430

Loans New Construction Mortgages Lending 430

Housing Wire

APRIL 14, 2023

Additionally, buyers migrated to more affordable locations in low-density areas, allowing them to purchase a home with all cash, if they had housing equity from their past property. Thus, the typical homeowner, who owned their home for a decade, had more than $200,000 in housing equity to make a trade.

Equity 432

Equity Investor New Construction Mortgages 432

Propmodo

JUNE 20, 2024

CBRE itself sees so much potential in the sector that have decided to buy a data center service provider from a private equity firm Like warehouses and logistics in the pandemic era, the sky’s the limit for data center development. All these factors are leading to innovations in data center design and construction.

New Construction 122

New Construction Construction Design Development 122

Housing Wire

FEBRUARY 18, 2022

The good news is there are several directions from which more supply may come, said Matthew Speakman, an economist at Zillow. “The other good news is that even despite very limited selection, buyers are finding ways to get deals done, keeping sales volume elevated heading into the spring shopping season.

Sales 410

Sales New Construction Equity Construction 410

Housing Wire

SEPTEMBER 27, 2023

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey. About 37% of respondents were spending money in social media and 34.8%

Mortgages 421

Mortgages Marketing Banks New Construction 421

Keeping Current Matters

MARCH 10, 2021

New construction isn’t making up the difference in inventory needed. Some may think new construction is filling the void. People are equity rich, not tapped out. Many immediately withdrew their equity once it built up, and they learned their lesson in the process. This is nothing like the last time.

Equity 321

Equity New Construction Construction Short sale 321

Housing Wire

APRIL 20, 2022

Homepoint’s “New Build program” connects homebuilders with business purpose construction financing through in-region mortgage brokers, with loan amounts up to $4 million per unit or $25 million per project.

Loans 384

Loans Lending Construction Banks 384

Housing Wire

JULY 22, 2021

Ideally, the costs for a home would rise roughly in line with income growth, which is likely to happen in 2022 as more listings and new construction become available.”. Properties typically remained on the market for 17 days in June, unchanged from May and down from 24 days in June 2020.

Sales 496

Sales New Construction Equity Construction 496

Housing Wire

NOVEMBER 30, 2021

The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”. New construction has been hit hard by supply chain disruptions and materials and labor shortages, and inventory of existing homes is tight. Refinance decline.

Lending 402

Lending Loans Investor New Construction 402

Realtor.com

JANUARY 2, 2023

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

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New Construction Construction Pre-approval Inspection 105

Keeping Current Matters

NOVEMBER 10, 2021

The last year has shown tremendous home price appreciation, which is resulting in a major gain in wealth for homeowners through rising equity. Most experts believe that as more housing inventory comes to market (both new construction and existing homes), the supply and demand for housing will come more into balance.

New Construction 308

New Construction Equity Construction As-is 308

Housing Wire

AUGUST 3, 2023

This has driven meaningful share gains for new construction,” she added, “with the percentage of new-home listings more than doubling from long-term norms to over 30% of the market.” We believe this lack of existing homes on the market is pushing prospective buyers toward new homes, bolstering sales and construction,” he added.

Land 370

Land Construction Development Finance 370

Real Trends

MARCH 29, 2023

Here are a few trends and predictions I see happening with new construction buyers: Don’t expect massive price drops Here’s the reality: We will not see the massive price drop that occurred between 2008 and 2011. In terms of inventory, new homes make up a small portion of available homes — approximately 10%.

New Construction 94

New Construction Construction Banks Development 94

Keeping Current Matters

JULY 20, 2021

As prices began to fall, that caused many to spiral into a negative equity situation (where their mortgage was higher than the value of the house). Today, homeowners are letting their equity build. In 2006, that number was $4.6 Bottom Line. This market is nothing like the run-up to 2006.

Equity 317

Equity Loans Construction Mortgages 317

Housing Wire

APRIL 26, 2023

Brian Parkinson, a loan originator at Alerus Mortgage , says that niche loans – including bridge loans, construction loans, doctor loans and professional series loans for CPAs and attorneys – are a great way to grab an agent’s attention in a market where referrals are critical. Some markets like New Jersey don’t have land to build new homes.

Loan Officer 397

Loan Officer Mortgages Loans Closing costs 397

Realty Biz

AUGUST 5, 2023

Buying a new construction home has its pros and cons. As the first owner, you'll enjoy the peace of mind of owning a brand-new property. New homes often require fewer repairs and updates since everything is up to date-and in good condition. Different types of new homes can be less expensive.

New Construction 73

New Construction Construction Equity Commercial 73

Housing Wire

MAY 3, 2024

That is a challenging conversation to have with clients, but basically everyone has equity if they bought their house in the last three or four years. In addition to a lack of existing-home inventory, North Carolina is also struggling to grow its supply of new single-family homes. “We We have so much new construction happening.

Marketing 385

Marketing Construction New Construction Development 385

Housing Wire

APRIL 24, 2023

Home equity is also the primary source of wealth for most Americans. New construction, resales, refinances and home improvements account for approximately 16% of the U.S. Wealth can be used to start a business or educate children. GDP, roughly $3 trillion.

Closing 383

Closing New Construction Loans Equity 383

Housing Wire

JUNE 10, 2022

There are many reasons this isn’t like 2008: people are staying longer in their homes, aging in place and have more equity in their homes than 2008. Finally, the last closely watched trend in the housing market is construction activity. When I try to explain this to people, I have to relate to them in some way, help them understand.

Construction 384

Construction Closing New Construction Agents 384

Marco Santarelli

NOVEMBER 2, 2024

Factors such as stricter lending standards and an overall increase in homeowner equity provide a buffer against a potential downturn. Additional insights suggest that the market might experience gradual price increases as new construction efforts ramp up, helping to alleviate some of the existing inventory issues.

Marketing 110

Marketing Construction New Construction Mortgages 110

Housing Wire

SEPTEMBER 22, 2023

They did for a quarter as households sort of adjusted to the idea that they were going to be running at a new higher level. For existing homeowners, that’s good news because it means equity accumulation. These loans are going to refinance, and the consumer will be in good shape, building equity to become a move-up buyer.

FHA loan 450

FHA loan Bankruptcy Marketing Loans 450

Keeping Current Matters

FEBRUARY 24, 2021

She then offers a possible solution: “While the fear of not being able to find something to buy will not disappear in a limited supply environment, new housing supply can incentivize existing homeowners to move.”. There’s no doubt many sellers would love to build a new home to perfectly fit their changing wants and needs.

Pre-approval 328

Pre-approval Construction Equity Sales 328

HomeLight

APRIL 10, 2025

By selling now and moving into a rental, you can pocket the equity youve built without taking on a costly new mortgage. Whats next for build-to-rent While the build-to-rent sector is still expanding, the pace of new construction could slow in the coming years.

Construction 101

Construction Development Agents Design 101

Marco Santarelli

JANUARY 27, 2023

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. New construction properties are those that are purchased directly from the builder or developer who constructed the property. In short, they are considered brand new.

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New Construction Construction Probate sale Investor 52

HomeLight

DECEMBER 31, 2021

Homeowners with mortgages saw their home equity blossom 31% in 2021, according to a report from CoreLogic, a remarkable increase for such a short period of time. As you map out your plans for 2022, you may be thinking of ways to keep building more equity or use what you’ve recently acquired. What is home equity in simple terms?

Equity 116

Equity Principal Loans Renovation 116