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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

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

Housing Wire

New-home sales have been a bright spot in housing markets across the country that have been struggling for years with high mortgage rates and low inventory. But the benefits of newly built homes are spread unevenly, as markets in the South tend to have more construction than other regions.

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

Housing Wire

As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. NAR data shows that the annualized rate of existing-home sales dropped 1% from August to September, landing at 3.84 The sales pace was down 3.5% million units.

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Massachusetts set to bar home sellers from requiring inspection waivers

Housing Wire

The regulation takes effect for home sales that close after Oct. To support housing development, the rule exempts certain pre-sales of new construction, provided contracts are signed before substantial completion and the seller offers at least a one-year express warranty.

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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.

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How New Hampshire is looking to alleviate its housing crisis

Housing Wire

I think there would be even stronger growth and more stability in the market if we had more houses for sale, he added. Underlying issues Despite this progress, Dapice and others are frustrated by the lack of new construction especially starter homes in the state.

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Southern construction boom is aiding housing affordability

Housing Wire

This construction boom is contributing to slower home-price appreciation and, in some cases, price declines. In the housing market, you cant buy whats not for sale, said Sam Williamson, senior economist at First American. Ten of these 16 markets were located in the South , where new construction continues to expand inventory levels.