Housing Wire

JUNE 16, 2021

The National Association of Realtors says the current state of the housing market is absolutely “dire,” the consequence of a housing shortage 30 years in the making. According to the lobbying group, construction of long-term housing fell 5.5 In fact, coming off the Great Recession, new home construction in the U.S.

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Marketing Construction Development Residential 535

Housing Wire

DECEMBER 16, 2021

These gains mean single-family completions will increase in 2022, bringing more inventory to market despite a 19% year-over-year rise in construction material costs and longer construction times.” ” HUD and the Census Bureau are attributing this increase in production to strong demand for new construction.

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New Construction Construction Residential Development 464

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 Housing starts rose in November, significantly beating expectations. Department of Housing and Urban Development and U.S.

Mortgages 385

Mortgages Construction New Construction Residential 385

Housing Wire

JUNE 27, 2023

Strong new home sales have gotten the new construction industry back on track to deliver much-needed inventory for this undersupplied market. They now supply about 30% of the residential sales market. Still, Zillow economists said, there are signs that the existing home sales market might be growing.

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Sales New Construction Construction Residential 353

Housing Wire

FEBRUARY 4, 2022

“Labor force participation rate is important because a labor market with low unemployment and low participation means many Americans are not participating in the economy or contributing to its growth,” Kushi said in a statement. “A A low unemployment rate and a high participation rate signals a healthy labor market.”.

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Construction Residential New Construction Marketing 392

Keeping Current Matters

APRIL 27, 2021

Some see this as evidence that the red-hot real estate market may be cooling. Days-on-market are swift, multiple offers are prevalent, and buyer confidence is rising.” ” Yun’s insight was supported the next day when the Census Bureau released its Monthly New Residential Sales Report. over the previous month.

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Marketing New Construction Construction Residential 248

Realtor.com

JANUARY 17, 2023

Getty Images One of the reasons many homebuyers are drawn to buying a brand-new home is that they often get to choose many of the home’s features to suit their tastes. But with new construction, you can call the shots on countertops, fixtures, flooring, paint colors, and so much more to make your home feel like, well, you!

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New Construction Construction Design As-is 94

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.

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New Construction Construction Development Renovation 126

Housing Wire

FEBRUARY 23, 2024

In December 2023, a startling rumor started to spread on social media — that large institutional buyers had purchased 44% of the available homes on the market in 2023, leaving policymakers concerned with the potentially predatory grip of these entities. HousingWire lead analyst Logan Mohtashami immediately debunked the claim.

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Investor New Construction Land Construction 365

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). “The bond market is forcing the Fed to pivot.”

Sales 450

Sales New Construction Staging Mortgages 450

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.

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New Construction Construction Pre-approval Inspection 105

Housing Wire

FEBRUARY 12, 2024

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

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Lending New Construction Construction Finance 324

Louisville Homes

DECEMBER 21, 2021

On a regular basis, acquiring good quality construction materials, visiting the construction site, and negotiating with the labor force, laborers, and painters is a physically challenging activity. In this piece, we’ll look at new construction pros and cons. Customization Is Amazing. Limited Options.

New Construction 98

New Construction Construction Inspection Land 98

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. is short of 1.5

Construction 428

Construction New Construction Lending Sales 428

Realty Biz

APRIL 12, 2023

Buying a new construction home involves a different process than buying an existing home, and some people wonder if they need a real estate agent at all to buy one. While you technically do not need a realtor to represent you when you buy a new construction home, there are a few reasons it would be in your best interest to do so.

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New Construction Construction Inspection Finance 52

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. “There is too much distraction in the market; there are some negative folks out there.

Mortgages 463

Mortgages VA loan Finance Loans 463

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 388

Sales Residential Construction New Construction 388

Housing Wire

JULY 10, 2023

As the spring homebuying season comes to an end, there are distinct signs of the housing market reheating from a home price perspective. markets seeing prices at or above 2022 peaks. below peak, the largest gap of any market. Just eight of the top 50 markets are currently more than 5% below their 2022 peaks.

Principal 374

Principal Residential New Construction Land 374

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. ” The longer inflation stays elevated, the more customers expect inflation to remain high. In comparison, the CPI rose 3.7%

New Construction 328

New Construction Construction MLS Residential 328

Norada Real Estate

JANUARY 27, 2023

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. New construction properties are those that are purchased directly from the builder or developer who constructed the property. They are the owner and seller.

New Construction 52

New Construction Construction Probate sale Investor 52

Housing Wire

MAY 16, 2023

Homebuilder confidence is continuing to trend upward this spring, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Tuesday. While this is fueling cautious optimism among builders, they continue to face ongoing challenges to meet a growing demand for new construction.

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New Construction Construction Sales Staging 398

McKissock

MARCH 16, 2021

Below, we provide the definition of a complex property and dig into the three types of residential complex properties. A complex one-to-four family residential property is defined as a property that meets at least one of the following criteria: The property to be appraised is atypical. The market conditions are atypical.

Residential 101

Residential New Construction Construction Commercial 101

Housing Wire

AUGUST 17, 2020

Last month, Buildfax estimated if single-family authorizations and existing housing activity continue to gain, new construction could stabilize in the Fall. This sentiment is supported by recent data from the National Association of Home Builders that stated residential construction employment rose by 24,000 in July to 2.8

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New Construction Construction Renovation Residential 502

Marco Santarelli

OCTOBER 26, 2023

In the realm of real estate, the desire for mortgage rates to return to the 3% range and bidding wars for new listings may remain unfulfilled. However, experts project that in 2024 , the Florida housing market is poised for strength , offering ample opportunities for real estate professionals.

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Marketing New Construction Construction Residential 89

RIS Media

FEBRUARY 17, 2022

The latest January data on new residential construction points to a mostly stable housing market that, in some instances is trending downward, according to the monthly report from the U.S. The post New Residential Construction Sees Some Volatility in January appeared first on RISMedia.

Residential 98

Residential Construction Fixed-rate mortgage New Construction 98

Realty Biz

JUNE 15, 2021

Residential construction in the U.S. Despite declines in both affordability and availability, however, the luxury new construction condo market across the country features more than a few intriguing options, starting with these high-profile developments: 1000M – Chicago, IL. 505 – Nashville, TN.

New Construction 102

New Construction Development Construction Residential 102

Housing Wire

FEBRUARY 22, 2022

Owing to a historic inventory crunch, new construction is playing a more prominent role in the housing inventory landscape in decades. single family homes on the market were new builds, according to a report by Redfin. of homes for sale were new construction. In December 2021, 34.1% A year prior, only 25.4%

Construction 534

Construction New Construction Industrial Residential 534

Realty Biz

APRIL 19, 2024

How long can the US real estate market sustain elevated home prices? If it can’t, when is a market correction due? The US market can only keep home prices high for a short time. However, an imminent correction will strongly depend on regional housing market conditions and job market growth. Not necessarily.

Marketing 90

Marketing Fixed-rate mortgage Construction Residential 90

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. ” The Fed’s short-term rate does not directly impact long-term mortgage rates but it does steer market activity to create higher rates and reduce demand. About 9.1%

Mortgages 401

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 401

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. Chicago’s housing market started out hot in 2022. About 1,820 homes were sold in the city in January alone, a 7.2%

Mortgages 382

Mortgages Loans Lending Construction 382

Housing Wire

MAY 30, 2023

Low inventory , maintained by an extremely low level of new listings coming onto the market, has fueled demand amongst the few buyers who can afford to stay shopping. As inventory remains a challenge in this market, so too will affordability be rocked by stubbornly high prices that aren’t looking to move drastically any time soon. “As

Mortgages 385

Mortgages Fixed-rate mortgage Construction New Construction 385

Housing Wire

OCTOBER 4, 2023

Real estate agents play an undeniable and integral role in today’s housing market. Left to their own devices, most people — particularly renters — view the rental segment and the for-sale market as distinctly different and unrelated entities, with the latter one often perceived as being far out of reach.

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Agents Construction New Construction Land 391

Realty Biz

MARCH 1, 2022

residential real estate market. Worldwide financial markets have already developed a serious case of the jitters. Worldwide financial markets have already developed a serious case of the jitters. One day the financial markets are diving, and the next day brings a major rebound. Photo by David McBee on Pexels.com.

Residential 84

Residential Construction Investor New Construction 84

Housing Wire

MAY 17, 2023

Despite elevated mortgage rates and a slower-than-typical spring housing market , homebuilders are feeling confident about the outlook for new housing demand because the inventory of existing homes for sale remains very constrained,” Lisa Sturtevant, the chief economist of Bright MLS , said in a statement. to 400,000. million to 5.5

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Construction New Construction MLS Development 360

RIS Media

MARCH 18, 2022

housing market has transformed significantly. Zillow’s latest market report quantifies all these market shifts but also shows that despite all this, demand remains high. Homeowners may be worried about rising interest rates, since they make a new mortgage considerably more expensive.

Residential 89

Residential New Construction Equity Construction 89

Housing Wire

OCTOBER 19, 2022

“Soaring interest rates took hold of the housing market in September, with rates climbing towards 7%,” Nicole Bachaud, an economist at Zillow , said in a statement. The new construction industry was not blind to the impacts this will have on housing demand. and multifamily falling 13.1%. in the Northeast.

Construction 400

Construction New Construction Development Residential 400

Housing Wire

NOVEMBER 4, 2021

For career switchers looking for a new path that doesn’t necessarily require a college degree, they could do worse than the building trades. million new hires for construction. Since the last housing bubble burst, when more than a million residential construction workers lost their jobs , a shortage has developed.

Construction 523

Construction Renovation New Construction Development 523