Housing Wire

JUNE 6, 2023

Residential real estate activity picked up in most Districts despite continued low inventories of homes for sale,” the report states. In return, the lack of inventory of homes for sale pushed demand for rental properties in some areas — including New York, Chicago, St. Louis, Kansas City Federal Reserve districts.

Residential 459

Residential Construction Finance Sales 459

Housing Wire

MAY 23, 2024

New home sales missed estimates , showing that demand isn’t crashing but not growing much either. However, we need to keep an eye on the housing construction data in this report because it has huge implications for the economic cycle, our recession risk and mortgage rates. months at the current sales rate. Today, even with 9.1

Sales 497

Sales Marketing Construction Residential 497

Housing Wire

JANUARY 17, 2024

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. Index values for most construction inputs are down from 2022 but remain above pre-pandemic levels. That could set the backdrop for a slower pace of construction.

Construction 488

Construction Land Residential Mortgages 488

Housing Wire

JULY 24, 2024

Will the Federal Reserve pivot in time to save construction workers? This is key because, traditionally, residential construction workers are the first to lose their jobs before every recession since higher mortgage rates hit housing first. months at the current sales rate. percent (±14.6 percent (±15.2 Monthly supply: 9.3

Sales 488

Sales Construction Mortgages Staging 488

Housing Wire

JANUARY 25, 2024

People say that housing leads the economy into a recession: this is true when new home sales and housing permits fall together. This is one reason I raised my fifth recession red flag for Housing on June 16, 2022 as I saw that higher mortgage rates would impact new home sales and housing permits. months at the current sales rate.

Sales 514

Sales Construction Mortgages Residential 514

Housing Wire

JANUARY 29, 2025

With the loss of manufacturing jobs in 2024, private sector payroll growth is at risk if the next interest rate sector breaks, particularly residential construction jobs. I recently wrote about the new home sales report, discussing why this report was disappointing , even though the headline beat estimates.

Marketing 390

Marketing Residential Construction Mortgages 390

Housing Wire

OCTOBER 26, 2020

The one economic sector that has blown away my estimates this year has been the new home sales market. This dramatically slowed the rate of growth in construction in 2019. Today new home sales are up 32.1% The median sales price of new houses sold in September 2020 was $326,800. The average sales price was $405,400.

Sales 545

Sales Construction Mortgages Residential 545

Housing Wire

JANUARY 30, 2025

In this week’s episode of the Power House podcast, host and HousingWire President Diego Sanchez chats with Tom Davis , chief sales officer at Deephaven Mortgage. For example, 30% of purchase transactions were new construction last year. New construction has been 33% of all purchase transactions, right?

New Construction 312

New Construction Construction Marketing Equity 312

Housing Wire

JULY 26, 2022

Tuesday’s report on new home sales came in as a miss of estimates and prior revisions were all negative. This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. However, for the new home sales sector, it would put their business model at risk.

Sales 514

Sales Construction Mortgages Title 514

Housing Wire

OCTOBER 18, 2024

We had a good few months of positive builder confidence data for the new home sector and positive purchase application data for existing home sales. Anyone who thinks we are on the verge of a housing construction boom is kidding themselves, with the policy still this restrictive. recession isn’t far away.

Construction 379

Construction New Construction Residential Mortgages 379

Housing Wire

APRIL 23, 2024

New home sales have been one of the brighter housing stories since the home sales crash in 2022 — as we can see in the chart below, new home sales have been able to grow since then. When we take a more extended look at new home sales, we aren’t working from an elevated level — slow and steady wins this race.

Sales 514

Sales Staging Mortgages Residential 514

Housing Wire

JANUARY 26, 2023

New home sales increased in December — a sign that new residential sales have continued to rebound in recent months. Last month, new home sales increased by 2.3% In addition, the median sales price of new houses that were sold in December dropped to $442,100, and the average sales price dipped to $528,400.

Sales 418

Sales Residential Construction New Construction 418

Housing Wire

JULY 8, 2022

The construction sector, meanwhile, had only a slight gain, according to the U.S. But employment showed little change over the month in other major industries, including construction, retail trade, financial activities, government and other services. Job growth in the U.S. jobs report , released Friday. in June 2021. in May to $32.25

Construction 397

Construction Industrial Residential Mortgages 397

Housing Wire

MARCH 21, 2024

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. It’s an opportunity to align with an organization that not only values excellence and innovation in mortgage lending but also deeply invests in the growth and success of its sales professionals.

Lending 447

Lending Sales Commercial Loans 447

Housing Wire

AUGUST 16, 2024

One key data line that is flagging a path to recession is the loss of residential construction workers. A while back, HousingWire Editor in Chief Sarah Wheeler and I discussed the risk of recession due to a lack of construction labor. Let’s look at today’s residential construction report and see where we are.

Construction 535

Construction Residential New Construction Finance 535

Housing Wire

JUNE 27, 2023

New home sales in May rose 12.2% Sales of new single‐family houses came in at a seasonally adjusted annual rate of 763,000, according to estimates released jointly Tuesday by the U.S. Strong new home sales have gotten the new construction industry back on track to deliver much-needed inventory for this undersupplied market.

Sales 370

Sales New Construction Construction Residential 370

Housing Wire

NOVEMBER 15, 2023

He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real estate conditions before diving into forecasts for next year. However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said.

Sales 482

Sales New Construction Staging Mortgages 482

Housing Wire

NOVEMBER 22, 2024

I would just say that the rental market is still performing a little bit more strongly than the residential or the for-sale market,” Knapp added. of existing supply, with another 38,000 of apartment units under construction (12.2% But, you know, we have seen signs now over the past couple of months that it is slowing.

Marketing 370

Marketing Construction As-is Residential 370

Housing Wire

JANUARY 19, 2023

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Marketing 448

Marketing Residential Construction Sales 448

Keeping Current Matters

JULY 5, 2021

Early indicators show new-home construction is beginning to ramp up. Here’s what industry experts are saying about new homes coming to market: Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), says recent research could indicate upward momentum when it comes to new home construction.

Construction 289

Construction Residential Branding Industrial 289

Housing Wire

SEPTEMBER 17, 2020

Based on a scale from zero to 100, the index gauges builder perceptions of current single-family home sales and sales expectations for the coming six months. In September, all HMI indices, including current sales conditions, sales expectations and traffic of prospective buyers, reported their highest readings ever, the release said.

Construction 516

Construction Sales Residential Industrial 516

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. “The But permits for future construction fell 2.5% Despite the elevated mortgage rates , homebuilders’ sales have increased this year.

Mortgages 459

Mortgages Construction New Construction Residential 459

Housing Wire

JANUARY 8, 2021

Due to massive losses in the servicing sector outnumbering professional and construction job gains, the raw number of nonfarm payroll employment fell by 140,000 – the first decline since April of last year. More workers in the sector should support the faster pace of housing construction the market needs,” Fratantoni said.

Construction 468

Construction Residential Sales Mortgages 468

Housing Wire

AUGUST 16, 2023

A ban on residential building permits in parts of the Phoenix area is angering builders and agents , who feel it may curb the supply of affordable housing. Arizona sees the ban as a precautionary measure to curb the effects of climate change , as it will limit the number of new residential properties built in the area.

Construction 370

Construction Agents Residential Development 370

Housing Wire

MARCH 6, 2024

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday.

Mortgages 448

Mortgages Residential Construction Lending 448

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. In June, the sales pace of new homes fell 2.5% In June, the sales pace of new homes fell 2.5% At the current sales pace this inventory represents 7.4

Sales 370

Sales New Construction Marketing Construction 370

Housing Wire

JULY 25, 2023

New home sales among the “50 Top-Selling Master-Planned Communities” increased by 7% in the first half of 2023 compared to the same period in 2022, according to a study by RCLCO Real Estate Consulting. It was the same exact number of sales as recorded at this time in 2022. All of its communities were in Texas.

Sales 369

Sales Development Land Residential 369

Housing Wire

SEPTEMBER 25, 2024

Despite all the external factors cooling down overall home sales – high interest rates, less spending power among residents, lack of inventory— real estate transactions are still hot in certain key areas. Despite reported stagnated sales and slow growth in inventory, why are these specific Sunbelt areas still considered attractive for buyers?

Investor 448

Investor New Construction Construction Residential 448

Keeping Current Matters

OCTOBER 14, 2020

ShowingTime , which tracks the average number of buyer showings on residential properties, just announced that buyer showings are up 61.9% Purchaser demand is so high, the market is running out of available homes for sale. The post The #1 Reason Not to Wait to List Your House for Sale appeared first on Keeping Current Matters.

Sales 338

Sales Construction Staging Residential 338

Housing Wire

DECEMBER 29, 2023

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. Most housing market forecasters believe that the existing home-sales market will likely only improve slightly next year.

Construction 476

Construction New Construction Lending Sales 476

Housing Wire

MAY 14, 2024

The Marcus Skenderian Real Estate Group works across commercial real estate , architecture, construction , development and residential sales. million in sales last year. In 2023, the team was ranked No. 1,255 among small real estate teams in California, according to the RealTrends Verified rankings.

Commercial 444

Commercial Residential Construction Technology 444

Housing Wire

DECEMBER 1, 2022

Higher interest rates further dented home sales, which declined at a moderate pace overall but fell steeply in some Districts,” the report states, noting that “residential construction slid further at a modest pace” and “home prices grew less rapidly or declined outright amid weak demand.”. million in 2023 from 5.67

Marketing 370

Marketing Residential Construction Sales 370

Housing Wire

APRIL 16, 2024

9, 2022 , a critical recessionary data line changed as mortgage rates fell, new home sales grew, builders bought down rates and the cycle moved on. As we can see below, recessions traditionally don’t start until residential construction jobs are lost. Residential workers fall before the recession as higher rates bite.

Construction 493

Construction Residential Mortgages As-is 493

Housing Wire

DECEMBER 15, 2020

November new home sales activity, both mortgage applications and home sales, ran at a pace considerably ahead of 2019, showing the ongoing strong growth in housing demand and new residential construction,” Kan said. from 70,000 new home sales in October. from 70,000 new home sales in October.

VA loan 493

VA loan FHA loan Loans Residential 493

Housing Wire

AUGUST 5, 2022

Construction gained 32,000 jobs in July, with residential building gaining 2,900 jobs and residential specialty trade contractors gaining 11,200 jobs. Employment in the construction sector is now 82,000 jobs higher than in February 2020. Residential building employment is up 7.5%

Residential 448

Residential Construction Banks Mortgages 448

Housing Wire

FEBRUARY 21, 2024

Pretium’s new fund came on the heels of private equity giant Blackstone’s decision in January to acquire Tricon Residential in a deal valued at around $3.5 Sales were half that in 2023, but the commercial real estate brokerage notes that $1.5 billion in sales is still 40% above 2019 levels.

Investor 493

Investor Construction Commercial Sales 493

Housing Wire

AUGUST 18, 2021

in July compared to the prior month, an indication that construction supply lines are still choked and near record-high home prices are shutting out scores of buyers. “There are now almost 690,000 single-family homes under construction – the largest number since 2007. Housing starts in the U.S. million units. .

Construction 505

Construction Land Residential Finance 505