article thumbnail

Realtor.com: Federal land sales would offer limited housing relief

Housing Wire

Selling federally owned land to private housing developers may help ease inventory shortages in certain areas — but it’s unlikely to solve the nation’s broader housing crisis, according to a new report from Realtor.com. The report estimates that nearly 10 million acres of land would be needed to build 3.8

article thumbnail

The Southern housing markets poised to become boomtowns

Housing Wire

in new construction, 7.2% in land use change, 0.8% in builder/developer land, 4% in recent build and 1.1% Places poised for growth but not at the top of the list include Albuquerque, New Mexico, and Madison and Milwaukee Wisconsin, which have all seen recent land use changes. Lakeland measured 4.6%

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Here are the cities that lead the nation in new-home construction

Housing Wire

A new report from Consumer Affairs combines data from the U.S. Census Bureau and Zillow to find which cities have the most new-construction activity and sales. Houston , which has fewer land-use regulations than most cities, ranked first in both permits and sales of newly built homes at 11,047 and 1,314, respectively.

article thumbnail

As the lock-in effect eases, the market for new homes is shrinking

Housing Wire

NAR data shows that the annualized rate of existing-home sales dropped 1% from August to September, landing at 3.84 New construction inventory has grown in recent months. Homebuilders have ramped up incentives — like mortgage rate buydowns and cash rebates — to boost sales, and new-home sales rose 6.3% million units.

article thumbnail

Developer sues Denver over requirement to pay into affordable housing fund

Housing Wire

The company, redT Homes , states that it’s the Denver areas only residential real estate development company […] offering a full suite of services, ranging from land acquisition and entitlement to design, architecture, and construction along with real estate-focused marketing and sales.

article thumbnail

How New Hampshire is looking to alleviate its housing crisis

Housing Wire

Underlying issues Despite this progress, Dapice and others are frustrated by the lack of new construction especially starter homes in the state. In 1925, the state Legislature passed the New Hampshire Zoning Enabling Act , which gave municipalities the right to zone their own land.

article thumbnail

These states received top marks on their housing affordability report cards

Housing Wire

South and Midwest states lead the pack South Carolina received the highest grade in the report , an A, for proactive construction efforts that are exceeding current housing demand. Texas was recognized for its high volume of new construction, while Iowa stood out for maintaining relatively affordable home prices.