Housing Wire

MAY 16, 2024

A study released Thursday by fintech and personal finance website SmartAsset delved into Zillow data on new home sales. A key conclusion is that while new construction creates additional supply for first-time and move-up buyers alike, it comes with an additional expense. In March the average home sale price in the U.S.

Sales 468

Sales New Construction Construction Finance 468

Housing Wire

MARCH 25, 2024

New-home sales receded slightly in February but continued to track above last year’s pace, reaching a seasonally adjusted annual rate of 662,000 last month, according to data published Monday by the U.S. Department of Housing and Urban Development ( HUD ). month supply of new single-family homes, according to census and HUD data.

Sales 487

Sales New Construction Construction MLS 487

Housing Wire

SEPTEMBER 27, 2021

“Since history has shown us that fourth quarters are usually the strongest quarter for construction, 2021 is still projected to finish with 40,000 completions, which is falls right in line with years past,” David Caputo, an analyst with Moody’s, said. “As In the second quarter, the national average asking rent increased.8% 8% to $986.

New Construction 488

New Construction Construction Finance Mortgages 488

Housing Wire

SEPTEMBER 4, 2024

The plan also addresses environmental impact concerns of new construction, Rubio said, by paying attention to the floodplain of Portland’s urban center. The legislation also comes with a one-year freeze on the city’s system development charges, and fees have been reduced for certain permitting meetings.

Construction 448

Construction New Construction Finance Land 448

Housing Wire

FEBRUARY 24, 2023

New home sales started off 2023 on a positive note, rising 7.2% Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. On a year-over-year basis, however, new home sales are still down 19.4%. Looking ahead, experts are optimistic about the spring selling season for new construction.

Sales 459

Sales New Construction Construction Mortgages 459

Housing Wire

FEBRUARY 12, 2024

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions. residential mortgage market and housing-related assets.

Lending 457

Lending New Construction Construction Finance 457

Housing Wire

AUGUST 29, 2024

To ensure affordable housing for all by 2050, innovative approaches to urban planning, financing, and policy must be explored. For example, inclusionary zoning policies require developers to include a certain percentage of affordable units in new residential developments.

Renovation 459

Renovation Development New Construction Land 459

Housing Wire

OCTOBER 25, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). On a year-over-year basis, new home sales were up 33.9%. According to Alicia Huey, chairman of the National Association of Home Builders (NAHB), the lack of existing inventory is the reason why more homebuyers turn to new construction.

Sales 448

Sales New Construction Construction Finance 448

Housing Wire

SEPTEMBER 26, 2023

After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). In August, the sales pace of new homes fell 8.7% On a year-over-year basis, new home sales were up 5.8%.

As-is 511

As-is Sales New Construction MLS 511

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. Let’s look at the new construction forecast for 2024. The business appears durable, too.

Construction 476

Construction New Construction Lending Sales 476

Housing Wire

NOVEMBER 4, 2024

Take a look below to see the latest from last year’s winning organizations who answered the question: What new products or projects has your company taken on since its last TECH100 win? “Kiavi launched a new construction financing product.

Industrial 305

Industrial New Construction Technology Construction 305

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%

Sales 370

Sales New Construction Marketing Construction 370

Housing Wire

JUNE 6, 2023

The supply of existing homes for sale has remained low as homeowners have showed increased hesitancy to list homes for sale, especially if they financed at a low interest rate. New home builders have responded to inventory shortages by increasing speculative inventory production, and some have begun to reduce buyer incentives.

Residential 459

Residential Construction Finance Sales 459

Housing Wire

MARCH 1, 2024

With existing inventory down, Schuler said new construction has taken on a larger role in his market. New construction has typically averaged around 10% of active listing inventory and in our area right now, new construction has ranged anywhere between 30% to 40% of inventory,” Schuler said.

Marketing 468

Marketing New Construction Construction As-is 468

Housing Wire

MAY 20, 2024

We have a fair amount of new-construction homes for sale, and thank goodness we do,” Nicole Dege, a Redfin Premier agent in Orlando, said in the report. Department of Housing and Urban Development (HUD). Second, homeowners have been reluctant to sell their houses due to mortgage rates, which have reached a two-decade high point.

Sales 468

Sales New Construction Construction Mortgages 468

Housing Wire

NOVEMBER 27, 2023

In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). On a year-to-date basis, new home sales were up 9.5% below the revised September rate of 719,000 but is 17.7%

Sales 448

Sales New Construction Construction Closing costs 448

Housing Wire

AUGUST 13, 2024

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 435

Construction New Construction Equity Residential 435

Housing Wire

MARCH 16, 2023

Department of Housing and Urban Development (HUD). The pace of new construction had been picking up over the past two years. million new housing units were started, which is a little higher than the average annual new starts over the past five decades,” Lisa Sturtevant, the chief economist at Bright MLS, said in a statement.

Banks 448

Banks MLS Construction Finance 448

Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Everywhere you look there seems to be bad news for the existing-home market — interest rates remain north of 7% and the median home price nears record levels at more than $410,000 as of June. Taken by Felix Mizioznikov.

Land 370

Land Construction Development Finance 370

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. Housing starts declined 9% in 2023, an indication that homebuyers looking to purchase a new construction home may continue to struggle with the lack of inventory this year.

Fixed-rate mortgage 532

Fixed-rate mortgage Mortgages New Construction Construction 532

Housing Wire

AUGUST 16, 2024

Department of Housing and Urban Development (HUD). “The large inventory of new homes is suppressing building at this point, but with mortgage rates dropping and likely to fall more, we should see a pick up in construction later this year,” Robert Frick, a corporate economist at Navy Federal Credit Union , said in a statement.

Construction 481

Construction New Construction MLS Residential 481

Housing Wire

JULY 18, 2023

The lack of resale inventory means prospective home buyers who have not been priced out of the market continue to seek out new construction in greater numbers,” Alicia Huey, the chairman of the NAHB, said in a statement. “At More housing supply is good news for future shelter inflation readings in the market.

Sales 370

Sales Construction New Construction Finance 370

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.

New Construction 126

New Construction Construction Development Renovation 126

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. This interview has been edited for length and clarity.

Construction 397

Construction New Construction Fixed-rate mortgage Finance 397

Realtor.com

NOVEMBER 9, 2022

Getty Images While buying a newly built home may not be the first thought to come to mind for homebuyers, purchasing new construction is a common option that comes with distinct benefits in today’s market. New construction can refer to single-family homes, condos , or apartments, and are available across the U.S.

New Construction 123

New Construction Construction Loans Design 123

HomeLight

AUGUST 17, 2022

Buying a new construction home can be intimidating. While the builder will have options to choose from, you still have to decide on a lot: Choose a floor plan, decide on upgrades, find financing, and make decisions that you may not expect to make. Find a buyer’s agent who works with new construction.

New Construction 124

New Construction Construction Agents Inspection 124

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 448

Mortgages Marketing Banks New Construction 448

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.

New Construction 110

New Construction Construction VA loan Finance 110

Housing Wire

APRIL 18, 2023

Department of Housing and Urban Development (HUD). 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 million in March, down 0.8% year over year.

Construction 370

Construction MLS New Construction Finance 370

Housing Wire

SEPTEMBER 14, 2023

McCargo said she sees the development as “a big deal,” saying it’s representative of the other ESG work being done more broadly at HUD and at other federal agencies. Social is a new construct, especially in the fixed-income markets and in the mortgage-backed securities space,” she said.

Principal 435

Principal Investor Loans New Construction 435

Marco Santarelli

OCTOBER 13, 2024

Charlotte, North Carolina: Charlotte boasts a strong economy, driven by finance, healthcare, and technology. Diverse Economy: A mix of tourism, healthcare, finance, and technology provides economic stability. Land Availability: Ample land for development offers opportunities for new construction projects.

Investor 122

Investor Marketing Due diligence Finance 122

Toronto Realty Blog

DECEMBER 9, 2024

” This was a post about the “King’s Club” development, that seemed to be about 90% completed when it was “cancelled” and the developer returned deposits to buyers, with minuscule interest, then completed the building, which became rentals. You better build that damn house.”

Construction 105

Construction Development Land New Construction 105

HomeLight

OCTOBER 26, 2022

According to Florida’s Office of Economic and Demographic Research, the state gained approximately 329,000 new residents between April 2020 and April 2021. New construction is growing just as fast to accommodate the influx — in 2021, 213,494 new housing units were authorized in Florida and nearly 70% were single family homes.

New Construction 111

New Construction Construction Agents Design 111

Housing Wire

FEBRUARY 8, 2024

With extensive experience in new construction home sales, Janet is certified in luxury home sales and specializes in relocation and new construction builder sales. Growing up in Savannah, Georgia, as the daughter of a builder and developer, she learned the processes involved in new home construction from her dad.

Agents 435

Agents Construction Design Branding 435

Housing Wire

FEBRUARY 1, 2023

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” Most of the temporary rate buydowns offered through FBC are paid for by builders, he said. “We

Marketing 435

Marketing FHA loan Loans Mortgages 435

Housing Wire

AUGUST 16, 2023

Developers and construction companies seem to “have come to terms with the affordability challenge and have been erecting smaller homes at more approachable prices this year,” said Ratiu. Declines in the current pace of sales and the next six months pushed the index down, said George Ratiu, chief economist at Keeping Current Matters.

Construction 366

Construction New Construction Brokerage Mortgages 366

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.

New Construction 105

New Construction Construction Pre-approval Inspection 105