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Markets & Economy News Brief freddie mac homebuilding housing construction housing supply inventory National Association of Homebuilders Sam Khater MORE
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. Total construction employment remains 182,000 below its February 2020 level. MORE
Job openings in construction increased in March to 344,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory. MORE
The labor market continues its slow recovery amid the COVID-19 pandemic. In January, residential construction employment remined unchanged virtually (-600), after increasing for eight straight months. Currently, job gains in residential construction. MORE
Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said. Realtor.com forecasts that 2021 will continue to be a robust seller’s market. MORE
Construction employment declined by 61,000 as the real estate industry yearns for more housing. Markets & Economy Select construction Coronavirus COVID-19 inventory jobs report real estate jobs unemployment MORE
During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. make corrections to the misguided lending standards) to have a stable, growing housing market once again — and this took time. MORE
Residential construction and new home sales have been making quite a few headlines lately. Keep reading to catch up on the latest stories and market data related to new home construction and sales. ” New home construction in the news. MORE
HousingWire spoke to housing market economists and mortgage industry veterans to get their take on how they believe the jobs report will impact the mortgage and housing industries. The post What a dismal jobs report means for the housing market appeared first on HousingWire. MORE
The shock and fallout to the construction labor market from the recession of 2020 continued in early Fall as housing activity strengthened due to low interest rates. Read More › The post Construction Labor Market Adjustment Continues first appeared on Eye On Housing. MORE
The construction labor market experienced a reduced level of turnover in the September BLS JOLTS (Job Openings and Labor Turnover) data. The construction sector hiring rate slowed somewhat in September, coming in at 5.3%, after 5.5% MORE
But the points are there: 1) Pre-construction condo sales have plummeted in 2020. 3) The marketing for many of these projects is really snazzy. I’m frankly not surprised that pre-construction condo sales plummeted during a worldwide pandemic. Pre-Construction MORE
Since Q1, the market share for single-family construction in urban core areas fell from 18% to 17.2%, the report said. However, small metro core and suburban single-family market share increased from 37.7% Apartment construction increased in second-home markets by 11.1%. MORE
In the meantime, studying the economy, real estate market statistics and particularly the new home construction process will make you a fierce competitor in today’s market and the future. . The inventory shortage isn’t going to last forever. MORE
Markets & Economy Select Bill Banfield housing starts permits Rocket Mortgage U.S. Privately owned housing starts were up 12.8 percent year over year in October, according to data released Thursday by the U.S. Census Bureau. MORE
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction declined during a challenging second quarter. The sector was also relatively weaker than the overall building market. MORE
Data Markets & Economy builders housing completions housing permits housing starts hud new residential construction single-family housing permits U.S. MORE
Single-family construction continued to overperform in suburbs, exurbs and rural communities, according. Read More › Economics affordability coronavirus COVID-19 exurbs HBGI home building geography index home office homebuilding rural single-family construction suburban MORE
That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae. Suburban multifamily housing construction is also benefitting from this trend.” MORE
Multifamily construction shifted into less dense markets during the third quarter of 2020, per the latest NAHB Homebuilding Geography Index (HBGI). Read More › The post Multifamily Construction Shifts to Lower Density Markets in 3Q20 first appeared on Eye On Housing. MORE
Another month of steadily increasing home prices and insatiable demand led Fannie Mae ‘s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures. MORE
The labor market is improving as many states ease business restrictions and more people are vaccinated. Residential construction employment increased by 37,000 in March, while non-residential construction added 73,100 jobs. MORE
Read More › The post Suburban Shift for Home Construction Continues into Third Quarter first appeared on Eye On Housing. Economics coronavirus COVID-19 exurbs HBGI home building geography index multifamily construction single-family construction Single-Family homes suburban MORE
For the third quarter of 2020, NAHB’s Home Building Geography Index (HBGI) found construction gains for traditional second home markets. Read More › The post Second Home Markets Show Construction Growth first appeared on Eye On Housing. MORE
1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 Especially if a home has acreage, it will “fly off the market.”. MORE
Despite a historically low level of overall housing inventory and solid demand due to low mortgage interest rates and demographics, new construction has been unable to add additional needed supply to the market, resulting. MORE
Residential construction spending continued to grow in April, rising 1.3 Data Industry News Markets & Economy construction daniel houston lumber new build new construction new construction spending MORE
The labor market is showing signs of recovery as some states start to ease business restrictions gradually. Employment in construction declined in February due to the severe winter weather in many states. MORE
Duncan noted the pace of new home sales over the past six months has accelerated more quickly than the construction pace, suggesting homebuilders will have to play catch up relative to sales going forward. MORE
Analysis Markets & Economy News Brief doug duncan fannie mae Holden Lewis home construction inventory NerdWallet new construction U.S. Residential housing starts rose 19.4 MORE
The Q2 2020 NAHB Home Building Geography Index (HBGI) reveals a notable multifamily construction shift to the suburbs/exurbs. This is similar to HBGI findings reported for single-family construction. MORE
New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% The post New home construction shoots up 22.6% MORE
Some see this as evidence that the red-hot real estate market may be cooling. Days-on-market are swift, multiple offers are prevalent, and buyer confidence is rising.” It shows that newly constructed home sales are up 20.7% MORE
The count of open construction jobs increased in April to 357,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory. MORE
The first quarter 2021 Home Building Geography Index (HBGI) showed that single-family home building continued to shift to low-density and low-cost markets, a trend stemming largely from the COVID-19 pandemic and first reported in the second quarter of 2020. MORE
Confidence in the market for new multifamily housing increased in the first quarter of 2021, according to results from the Multifamily Market Survey (MMS) recently released by the National Association of Home Builders (NAHB). MORE
Home Buying Industry News News Brief Select Tech Reviews Technology Virtual Tours 3d tours buyer agents home builders homebuying matterport new construction new construction market online search online tours PropTech real estate technology reviews virrtual tours Welcome Homes MORE
New construction listings are a specialized area of the industry that can take an agent’s career to the next level. Here are a few tried and true practices to help you tap into this market. MORE
According to the most recent American Community Survey (ACS), the number of immigrant workers in construction approached 2.8 Immigrant workers now account for 24% of the construction workforce, slightly below the 2016 record high share of 24.4%. MORE
Spring is almost here, and many are wondering what it will bring for the housing market. Here’s what a few industry experts have to say about the housing market and how it will bloom this season. The experts are very optimistic about the housing market right now. MORE
Markets & Economy Select first american housing construction housing starts John Pataky Odeta Kushi permits TIAAHousing starts plummeted in February as interest rates and lumber costs soared. MORE
Housing Wire
AUGUST 18, 2020
New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% The post New home construction shoots up 22.6%
Housing Wire
NOVEMBER 18, 2020
Duncan noted the pace of new home sales over the past six months has accelerated more quickly than the construction pace, suggesting homebuilders will have to play catch up relative to sales going forward.
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Housing Wire
MAY 7, 2021
HousingWire spoke to housing market economists and mortgage industry veterans to get their take on how they believe the jobs report will impact the mortgage and housing industries. The post What a dismal jobs report means for the housing market appeared first on HousingWire.
Housing Wire
DECEMBER 1, 2020
Since Q1, the market share for single-family construction in urban core areas fell from 18% to 17.2%, the report said. However, small metro core and suburban single-family market share increased from 37.7% Apartment construction increased in second-home markets by 11.1%.
Eye on Housing
DECEMBER 18, 2020
For the third quarter of 2020, NAHB’s Home Building Geography Index (HBGI) found construction gains for traditional second home markets. Read More › The post Second Home Markets Show Construction Growth first appeared on Eye On Housing.
Eyes on Housing
JUNE 9, 2021
The first quarter 2021 Home Building Geography Index (HBGI) showed that single-family home building continued to shift to low-density and low-cost markets, a trend stemming largely from the COVID-19 pandemic and first reported in the second quarter of 2020.
Eye on Housing
MARCH 8, 2021
According to the most recent American Community Survey (ACS), the number of immigrant workers in construction approached 2.8 Immigrant workers now account for 24% of the construction workforce, slightly below the 2016 record high share of 24.4%.
Eye on Housing
OCTOBER 6, 2020
The shock and fallout to the construction labor market from the recession of 2020 continued in early Fall as housing activity strengthened due to low interest rates. Read More › The post Construction Labor Market Adjustment Continues first appeared on Eye On Housing.
Inman
MARCH 17, 2021
Markets & Economy Select first american housing construction housing starts John Pataky Odeta Kushi permits TIAAHousing starts plummeted in February as interest rates and lumber costs soared.
RIS Media
MAY 21, 2021
Confidence in the market for new multifamily housing increased in the first quarter of 2021, according to results from the Multifamily Market Survey (MMS) recently released by the National Association of Home Builders (NAHB).
Inman
APRIL 16, 2021
Analysis Markets & Economy News Brief doug duncan fannie mae Holden Lewis home construction inventory NerdWallet new construction U.S. Residential housing starts rose 19.4
Housing Wire
DECEMBER 3, 2020
1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 Especially if a home has acreage, it will “fly off the market.”.
Housing Wire
JUNE 7, 2021
During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. make corrections to the misguided lending standards) to have a stable, growing housing market once again — and this took time.
Inman
JUNE 1, 2021
Residential construction spending continued to grow in April, rising 1.3 Data Industry News Markets & Economy construction daniel houston lumber new build new construction new construction spending
McKissock
MAY 7, 2021
Residential construction and new home sales have been making quite a few headlines lately. Keep reading to catch up on the latest stories and market data related to new home construction and sales. ” New home construction in the news.
Eye on Housing
APRIL 2, 2021
The labor market is improving as many states ease business restrictions and more people are vaccinated. Residential construction employment increased by 37,000 in March, while non-residential construction added 73,100 jobs.
Eyes on Housing
JUNE 8, 2021
The count of open construction jobs increased in April to 357,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory.
Eye on Housing
AUGUST 20, 2020
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction declined during a challenging second quarter. The sector was also relatively weaker than the overall building market.
Inman
APRIL 23, 2021
Home Buying Industry News News Brief Select Tech Reviews Technology Virtual Tours 3d tours buyer agents home builders homebuying matterport new construction new construction market online search online tours PropTech real estate technology reviews virrtual tours Welcome Homes
Inman
MARCH 5, 2021
Construction employment declined by 61,000 as the real estate industry yearns for more housing. Markets & Economy Select construction Coronavirus COVID-19 inventory jobs report real estate jobs unemployment
Eye on Housing
FEBRUARY 5, 2021
The labor market continues its slow recovery amid the COVID-19 pandemic. In January, residential construction employment remined unchanged virtually (-600), after increasing for eight straight months. Currently, job gains in residential construction.
Inman
JUNE 16, 2021
Data Markets & Economy builders housing completions housing permits housing starts hud new residential construction single-family housing permits U.S.
Eye on Housing
NOVEMBER 10, 2020
The construction labor market experienced a reduced level of turnover in the September BLS JOLTS (Job Openings and Labor Turnover) data. The construction sector hiring rate slowed somewhat in September, coming in at 5.3%, after 5.5%
Inman
MAY 20, 2021
In the meantime, studying the economy, real estate market statistics and particularly the new home construction process will make you a fierce competitor in today’s market and the future. . The inventory shortage isn’t going to last forever.
Housing Wire
APRIL 16, 2021
That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae. Suburban multifamily housing construction is also benefitting from this trend.”
Inman
FEBRUARY 25, 2021
New construction listings are a specialized area of the industry that can take an agent’s career to the next level. Here are a few tried and true practices to help you tap into this market.
Inman
APRIL 15, 2021
Markets & Economy News Brief freddie mac homebuilding housing construction housing supply inventory National Association of Homebuilders Sam Khater
Keeping Current Matters
APRIL 27, 2021
Some see this as evidence that the red-hot real estate market may be cooling. Days-on-market are swift, multiple offers are prevalent, and buyer confidence is rising.” It shows that newly constructed home sales are up 20.7%
Eye on Housing
DECEMBER 1, 2020
Read More › The post Suburban Shift for Home Construction Continues into Third Quarter first appeared on Eye On Housing. Economics coronavirus COVID-19 exurbs HBGI home building geography index multifamily construction single-family construction Single-Family homes suburban
Eye on Housing
DECEMBER 10, 2020
Multifamily construction shifted into less dense markets during the third quarter of 2020, per the latest NAHB Homebuilding Geography Index (HBGI). Read More › The post Multifamily Construction Shifts to Lower Density Markets in 3Q20 first appeared on Eye On Housing.
Eyes on Housing
MAY 11, 2021
Job openings in construction increased in March to 344,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory.
Eye on Housing
MARCH 2, 2021
Single-family construction continued to overperform in suburbs, exurbs and rural communities, according. Read More › Economics affordability coronavirus COVID-19 exurbs HBGI home building geography index home office homebuilding rural single-family construction suburban
Inman
DECEMBER 17, 2020
Markets & Economy Select Bill Banfield housing starts permits Rocket Mortgage U.S. Privately owned housing starts were up 12.8 percent year over year in October, according to data released Thursday by the U.S. Census Bureau.
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. Total construction employment remains 182,000 below its February 2020 level.
Eyes on Housing
MAY 26, 2021
Despite a historically low level of overall housing inventory and solid demand due to low mortgage interest rates and demographics, new construction has been unable to add additional needed supply to the market, resulting.
Keeping Current Matters
MARCH 11, 2021
Spring is almost here, and many are wondering what it will bring for the housing market. Here’s what a few industry experts have to say about the housing market and how it will bloom this season. The experts are very optimistic about the housing market right now.
Eye on Housing
MARCH 5, 2021
The labor market is showing signs of recovery as some states start to ease business restrictions gradually. Employment in construction declined in February due to the severe winter weather in many states.
Toronto Realty Blog
JULY 29, 2020
But the points are there: 1) Pre-construction condo sales have plummeted in 2020. 3) The marketing for many of these projects is really snazzy. I’m frankly not surprised that pre-construction condo sales plummeted during a worldwide pandemic. Pre-Construction
Housing Wire
DECEMBER 2, 2020
Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said. Realtor.com forecasts that 2021 will continue to be a robust seller’s market.
Housing Wire
JUNE 16, 2021
Another month of steadily increasing home prices and insatiable demand led Fannie Mae ‘s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures.
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