Housing Wire

DECEMBER 6, 2024

Todays report shows a strong labor market, but the employment picture has been a little bumpy over the past few months, as weather events and large labor strikes have complicated the outlook, Lisa Sturtevant, the chief economist at Bright MLS , said in a statement.

Marketing 397

Marketing MLS Residential Construction 397

Housing Wire

JANUARY 24, 2025

million home sales annually, said Bright MLS Chief Economist Lisa Sturtevant in a statement. New construction has not been able to keep up with demand. Over the past decade, the U.S. has averaged about 5.2 It is going to take years before we are back at that level, maybe not even until the 2030s.

Sales 349

Sales New Construction MLS Construction 349

Housing Wire

OCTOBER 18, 2023

However, permits for future construction recorded a 4.4% Despite the uptick last month, builders are becoming increasingly anxious about persistently high mortgage rates and cooling demand,” Lisa Sturtevant, chief economist at Bright MLS , said in an emailed statement. Could multifamily construction stall? Census Bureau data.

Construction 441

Construction Development MLS Mortgages 441

Housing Wire

NOVEMBER 1, 2024

This is the lowest monthly jobs number since employment fell in December 2020,” Lisa Sturtevant, chief economist at Bright MLS , said in a statement. Construction was another sector that posted gains in October, adding 8,000 jobs. The average monthly job gain for the past 12 months is 194,000.

Construction 369

Construction Residential MLS Mortgages 369

Housing Wire

JULY 26, 2021

Multiple Listing Services (MLS) by those trying to disparage the system. The cooperative MLS system exposes home listings to the largest number of potential buyers with an offer of compensation to any successful buyers’ agent. It’s easy to understand what a market without an MLS would look like and why it doesn’t work.

MLS 384

MLS Purchase and sale agreement Brokerage Closing 384

Housing Wire

DECEMBER 21, 2023

“A rise in homebuilder confidence , followed by new home construction reaching its highest level since May, signals a response to meet heightened demand as current inventory remains low.” Lower rates will have a positive impact on affordability, Lisa Sturtevant, chief economist at Bright MLS, said in a statement.

Mortgages 500

Mortgages Fixed-rate mortgage MLS New Construction 500

Housing Wire

JULY 23, 2024

HousingWire Lead Analyst Logan Mohtashami recently wrote that higher mortgage rates “have increased recession risk by targeting the one sector that always falls before every recession: residential construction workers. In June, 38% of buyers successfully completed a purchase through Bright MLS while submitting only a single offer.

Mortgages 500

Mortgages MLS Finance Loans 500

Housing Wire

AUGUST 16, 2024

Both single-family and multifamily housing starts were down significantly from a year ago,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. Construction of both single-family and multifamily housing has been strong over the past few years. Single-family starts were down 14.1% month over month and 14.8%

Construction 449

Construction New Construction MLS Residential 449

Housing Wire

DECEMBER 19, 2023

New construction rose to a seasonally adjusted annual rate of 1,560,000, according to the U.S. Single-family building activity drove November residential construction activity. Single-family building activity drove November residential construction activity. But permits for future construction fell 2.5% from October.

Mortgages 431

Mortgages Construction New Construction Residential 431

RIS Media

OCTOBER 18, 2024

According to the bureau’s September Monthly New Residential Construction report,… The post Positive Signs: Single-Family New Construction, Permits Rise in September appeared first on RISMedia. Census Bureau and the U.S. Department of Housing and Urban Development bears that sentiment out.

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New Construction Construction Residential Development 112

Housing Wire

AUGUST 2, 2024

Job gains in July were most notable in industries like health care (55,000 jobs), transportation and warehousing (14,000 jobs), and construction (25,000 jobs), a positive for the housing industry. Overall, for the past year, the construction sector has added an average of 19,000 jobs per month.

Mortgages 473

Mortgages Marketing Construction Residential 473

Housing Wire

OCTOBER 3, 2023

The app will also house all of eXp’s active MLS listings and the service is free to eXp Realty agents. At eXp, we firmly believe the highest and best form of marketing a property is placing it in the MLS and exposing it to as many people as possible,” Pareja added.

MLS 432

MLS New Construction Brokerage Agents 432

Housing Wire

SEPTEMBER 18, 2024

Slowdowns in new single-family construction over the summer reflected sagging builder confidence, but homebuilders appear to be more confident as mortgage rates have fallen over the past few weeks and as the Federal Reserve gets set to cut interest rates. monthly and 6.2% annually to a rate of 333,000 starts. month over month and 5.2%

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Marketing Construction New Construction MLS 465

Housing Wire

OCTOBER 4, 2024

Most of the job gains in September occurred in food services and drinking places (+69,000 jobs), health care (+45,000 jobs), government (+31,000 jobs), social assistance (+27,000 jobs), and construction (+25,000 jobs). Over the past 12 months the construction sector has averaged a gain of 19,000 jobs per month.

Construction 450

Construction Residential MLS Land 450

Housing Wire

MAY 19, 2025

You can also scour MLS listings to look for poorly marketed homes with vibe flipping potential, or work your sphere to drum up pocket listings or off-market homes. However, rising construction and material costs mean eking out an ROI from an addition can be challenging.

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Closing Renovation Hard money loan Design 362

Housing Wire

SEPTEMBER 19, 2023

On the bright side, permits for future construction recorded a 6.9% However, it was 2% higher than a year ago, Bright MLS Chief Economist Lisa Sturtevant noted. This annual increase in new starts was driven entirely by new construction activity in the South region, she noted. Census Bureau. Permits were 2.7%

Construction 471

Construction New Construction MLS Marketing 471

Housing Wire

SEPTEMBER 26, 2023

Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said. However, mortgage applications for new home purchases increased 4% between July and August, the strongest pace of sales in three months.

As-is 500

As-is Sales New Construction MLS 500

Housing Wire

OCTOBER 24, 2024

More than 67,000 (64%) of those sold to owner-occupant buyers, most likely on the retail market via the multiple listing service (MLS). He passed down his passion for real estate investing to Sandoval, and he is now giving back by helping to construct a medical building in Mexico. For me it’s about generational wealth.

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Bankruptcy Equity Hard money loan Finance 421

Housing Wire

JULY 17, 2024

Despite a 3% monthly increase , the pace of new housing construction was 4.4% Multi-family construction has cooled considerably, while the dip in new single-family construction was more modest,” Lisa Sturtevant, chief economist at Bright MLS , said in a statement. “A A slowdown in apartment construction is not surprising.

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Construction Property Management MLS Development 438

Housing Wire

SEPTEMBER 27, 2023

Fueling this increase is new construction, according to Divounguy, even though the 1.3% As more first-time homebuyers are turning to new construction, builders offer smaller, more-affordable homes as well as incentives like interest rate buydowns to tempt buyers off of the fence. Over the past year, the value of the U.S.

Marketing 515

Marketing New Construction Finance Construction 515

Housing Wire

MAY 15, 2024

Unfortunately, there is evidence that rents are going to be on the rise in the second half of 2024, according to Bright MLS chief economist Lisa Sturtevant. Record levels of new apartment construction in some markets in 2023 started bringing rents down,” Sturtevant said.

Construction 465

Construction MLS Investor Mortgages 465

Housing Wire

JULY 5, 2024

Job gains in June were most notable in industries like government (70,000), health care (49,000), social assistance (34,000) and construction (27,000), a positive for the housing industry. Overall, for the past year, the construction sector has added an average of 20,000 jobs per month.

Construction 416

Construction Residential MLS Industrial 416

Housing Wire

JANUARY 6, 2023

The lion’s share of the job growth in December came from gains in the leisure and hospitality sector (up 67,000 jobs), the health care sector (up 55,000 jobs), and the construction sector (up 28,000 jobs). The construction sector’s large increase is thanks to a sizable gain in the number of specialty trade contractors which added 16,600 jobs.

Marketing 458

Marketing Residential Construction MLS 458

Housing Wire

MARCH 25, 2024

Additionally, mortgage applications for new homes surged in February as a lack of existing homes for sale continued to fuel the demand for new construction. At the end of January, there were 463,000 new homes available for sale, as new construction continues to account for an outsized share of the housing inventory.

Sales 458

Sales New Construction Construction MLS 458

Housing Wire

JANUARY 5, 2024

“While this is below the job growth in 2021 and 2022, when the economy was rebounding from the sharp job losses in 2020, it is still a much higher pace of job growth than we had before the pandemic,” Bright MLS Chief Economist Lisa Sturtevant said in a statement. Meanwhile, the unemployment rate remained unchanged at 3.7%

Construction 441

Construction MLS Investor Mortgages 441

Housing Wire

NOVEMBER 17, 2023

Permits for future construction also jumped 1.1% It also surpassed last year’s level, according to Bright MLS Chief Economist Lisa Sturtevant. The Northeast did not perform as well as weather, supply chain issues, and difficulties getting permits hampered construction. Department of Housing and Urban Development and U.S.

Construction 428

Construction MLS Finance Development 428

Housing Wire

NOVEMBER 14, 2023

“Shelter inflation has been coming down slowly since the summer, as new residential construction activity ramped up in 2023,” said Lisa Sturtevant, chief economist for Bright MLS. Even though shelter prices dropped to 0.3% the prior month, they’ve increased 6.7%

New Construction 406

New Construction Construction MLS Residential 406

Housing Wire

JULY 7, 2023

Manufacturing activity remains quite weak, while consumer spending has held up somewhat better, and new home construction and sales have picked up. Employment in the construction industry has increased by an average of 15,000 per month thus far this year, compared with an average of 22,000 per month in 2022.

Construction 370

Construction Residential MLS Renovation 370

Housing Wire

NOVEMBER 3, 2023

While wages kept rising, October posted the slowest pace of wage growth since June 2021, according to Bright MLS Chief Economist Lisa Sturtevant. In October, construction employment continued to trend up, adding 23,000 more jobs, aligning with the average monthly gain of 18,000 over the prior 12 months.

Marketing 404

Marketing Construction MLS Mortgages 404

Housing Wire

MAY 5, 2023

The unemployment rate fell and is now lower than it has been since 1953,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. Meanwhile, residential construction of buildings lost 1,800 jobs and heavy and engineering construction lost 8,100 jobs, month over month.

Construction 384

Construction Residential MLS Mortgages 384

Housing Wire

JULY 19, 2023

single-family homebuilding fell in June, but permits for future construction rose to a 12-month high on the weakness of the existing home sales market. noted Bright MLS Chief Economist Lisa Sturtevant. The number of single-family homes under construction remains high. The decline in housing starts came after a massive 18.7%

Construction 368

Construction New Construction MLS Lending 368

Housing Wire

JUNE 2, 2023

The construction sector also saw job gains in May, adding 25,000 positions, thanks to a large uptick in heavy and civil engineering construction, which added 10,700 jobs. Residential building construction added 2,400 jobs during the month.

Construction 384

Construction MLS Mortgages Loans 384

Housing Wire

SEPTEMBER 20, 2024

The rule requires brokers and agents to submit a property to an MLS within a day after sharing it with the public. He believes that sellers will benefit from having more exposure for a specific property via MLS-syndicated data. But these examples are too few and far between to require a complete revamping of the policy. “If

Agents 409

Agents Brokerage MLS Technology 409

Housing Wire

MAY 23, 2023

Demand for newly built homes has been strong amidst the historically low inventory of existing homes for sale ,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. The uptick in new construction will help these more discretionary movers because now they see more options available.”

New Construction 397

New Construction MLS Construction Sales 397

Housing Wire

SEPTEMBER 7, 2023

Rates should continue to come down from their peaks, as the inflation and the jobs market are cooling, said Bright MLS Chief Economist Lisa Sturtevant. At Mortgage News Daily on Wednesday, the 30-year fixed rate for conventional loans was 7.33%, up from 7.06% the previous week. She expects a market contraction this fall in the housing sector.

Mortgages 450

Mortgages Fixed-rate mortgage Marketing MLS 450

Housing Wire

MARCH 10, 2023

Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. The construction sector added 24,000 jobs in February thanks to a large uptick in the specialty trade contractors segment of construction, which gained 13,400 jobs, and residential specialty trade contractors accounted for 11,200 of those jobs.

Residential 367

Residential Construction MLS Mortgages 367

Housing Wire

APRIL 18, 2023

Construction of homes in buildings with five or more units, which generally is going to include apartment buildings, has been running at a faster pace than last year,” Lisa Sturtevant, Bright MLS ’ chief economist, said in a statement. “We However, this rate still represents a 6.1% annual increase. year over year. year over year.

Construction 370

Construction MLS New Construction Finance 370