Residential construction jobs slowly return

Housing Wire

Of the 10,000 construction of buildings jobs created in November, 4,100 were in the residential sector. In the specialty trade contractor jobs sector, 6,200 were in residential construction. for residential construction building, a faster pace than previous months,” Kushi said.

New Residential already seeing the benefits of Caliber deal

Housing Wire

Powerhouse lender/servicer New Residential Investment Corp. Michael Nierenberg, who heads New Residential, gave the industry a glimpse of where things stand after the acquisition, noting in a statement that the “integration of Caliber and Newrez mortgage platforms is well underway.”.

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New Residential scoops up fix-and-flip lender

Housing Wire

New Residential Investment Corp. New Residential said that it expects Genesis to originate close to $2 billion of loans in 2021 and that the fix-and-flip lender has originated over 12,000 loans since 2014.

Residential Building Worker Wages Grow Rapidly

Eyes on Housing

Average hourly earnings for residential building workers have been growing fast recently, driven by the tightening construction labor market. As the labor market remains tight, wages have increased rapidly, particularly in residential building sector.

Residential construction jobs still haven’t returned

Housing Wire

Unfortunately for the residential housing sector, most of these jobs were in nonresidential specialty trade contractors (19,000), and in heavy and civil engineering construction (12,000). Residential building is up 5.4% compared with its pre-COVID pace, while non-residential building remains 4.4% The post Residential construction jobs still haven’t returned appeared first on HousingWire.

LoanDepot creates joint venture with Brookfield Residential

Housing Wire

LoanDepot and Brookfield Residential announced on Wednesday the creation of a joint venture, BRP Home Mortgage. BRP will deliver a streamlined mortgage experience for Brookfield Residential homebuyers, said Dan Peña, executive vice president of national joint ventures for loanDepot.

Real estate tech roundup: Hubzu and Brookfield Residential

Housing Wire

Online real estate marketing platform Hubzu has launched a new mobile app, available for residential real estate buyers. Hubzu is an end-to-end asset management platform for residential foreclosure, short sale, REO, deed in lieu, CWCOT and retail property auctions.

Private Residential Spending Dips for Second Month

Eyes on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate of $774.9 Total private residential construction spending was 16.7%

Private Residential Spending Rises in November 2021

Eyes on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.9% Total private residential construction spending was 16.3%

People movers: Home Point Financial, Kukun, Kairoi Residential

Housing Wire

Kairoi Residential , a multifamily investment, development and property management company, hired Chuck Briant as the vice president of asset management for the Investment Division. The post People movers: Home Point Financial, Kukun, Kairoi Residential appeared first on HousingWire.

Residential Construction Employment Rose Slightly in April

Eyes on Housing

Residential construction employment rose by 3,100 in April, after an increase of 28,700 in March. Non-residential. Job gains unexpectedly slowed in April as states lifted COVID-19 restrictions on businesses and more people are vaccinated.

Private Residential Spending Dips in September

Eyes on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending decreased 0.4% Total private residential construction spending was 19.3%

MBA adds four to its Residential Board of Governors

Housing Wire

The Mortgage Bankers Association (MBA) announced the new members of its 2021 Residential Board of Governors and the Chairs of the Residential Committee. ” RESBOG is the MBA’s main policy-setting group, focusing on issues involving the single-family residential market.

Private Residential Spending Increased in July

Eyes on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.5% Total private residential construction spending was 27% higher than a year ago.

Private Residential Spending Keeps Rising in August

Eyes on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.4% Total private residential construction spending was 24.3%

June Gains for Private Residential Spending

Eyes on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.1% Total private residential construction spending was 29.3%

Residential Construction Is Recovering Faster Than Non-Residential Construction

Eye on Housing

Total construction industry (both residential and non-residential) employment totaled 7.4 Residential construction employment rose by 15,400 in November to 2.9 In the past seven months, job gains in residential construction offset.

Industry veterans launch Canopy in bid to shake up residential due diligence space

Housing Wire

Residential due diligence is an area of the mortgage ecosystem that’s overdue for disruption, according to two industry veterans who want to offer something completely different in the due diligence space through their newly launched company, Canopy.

March Gains for Private Residential Spending

Eyes on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.7% Total private residential construction spending was 23.3%

Investing in Commercial vs Residential Property

Real Estate Investar

Both commercial and residential property have the potential to add significant value to a property investor’s portfolio. Commercial Strategies

How to Identify a Residential Complex Property

McKissock

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.

Residential Construction Loan Volume Moves Higher

Eyes on Housing

Ending a period of volume decline that began at the end of 2019, the volume of residential construction lending posted an increase during the first quarter of 2021. The volume of 1-4 unit residential construction loans made.

Private Residential Spending Rises Modestly in April

Eyes on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.0% Total private residential construction spending was 29.7%

Residential Construction Jobs Rise, Commercial Lags

RIS Media

Within residential construction, general contractor and other related jobs increased by 15,200—a huge relief for a market that’s being squeezed by a lack of inventory. The post Residential Construction Jobs Rise, Commercial Lags appeared first on RISMedia.

Private Residential Spending Edges Up in May

Eyes on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.2% Total private residential construction spending was 28.7%

Top Products Used in New Residential Construction

Eye on Housing

Read More › The post Top Products Used in New Residential Construction first appeared on Eye On Housing. Construction Statistics Economics Housing Data Building Materials cement concrete construction economics home building housing residential construction wood products

Prices of Residential Construction Inputs Up 23% Year-Over-Year

Eyes on Housing

Prices paid for goods used in residential construction ex-energy rose 3.6% inputs to residential construction less food and energy) prices have declined just twice since December 2019. in May (not seasonally adjusted) and have increased 16.5%

Residential Construction Employment Remains Unchanged in February

Eye on Housing

Non-residential construction lost 60,800 positions in February, reflecting declines in nonresidential specialty trade. Read More › Economic Indicators Economics COVID-19 employment labor force labor force participation rate residential construction employment unemployment rate

Private Residential Spending Hits Record High

Eye on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 2.5% Total private residential construction spending was 21% higher than a year ago.

Paint, Steel, and Services Prices Set Records, Drive PPI for Residential Construction Inputs Higher

Eyes on Housing

The prices of goods used in residential construction ex-energy climbed 1.8% in November (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics.

How a Commercial Agent is Different from a Residential Agent

Realty Biz

When it comes to residential real estate, the agent focuses on selling homes for people to live in. A typical commercial agent will specialize in negotiating properties like office buildings, residential complexes, and retail stores, to name a few.

Residential Construction Employment Surpasses the February 2020 Level

Eye on Housing

Residential construction employment increased by 37,000 in March, while non-residential construction added 73,100 jobs. Currently, employment in residential construction surpassed the level in February 2020, while only 64% of.

Residential Real Estate Credit Standards Ease Slightly in Third Quarter

Eyes on Housing

The latest results of the Federal Reserve’s Board’s Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS), lending standards and demand for residential real estate (RRE) loans both eased slightly in the third quarter of 2021.

Getting in the door in with residential real estate prospects

REM Online

The original post can be found at the following URL: Getting in the door in with residential real estate prospects. Learn three simple techniques for getting in the door in residential real estate. The following content may have been republished here without the author's permission.

Private Residential Spending Is on the Rise

Eye on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 2.7% Total private residential construction spending was 16.1%

Great Real Estate Management Software Options For Modern Residential Managers

Realty Biz

Managing residential properties has its own fair share of unique challenges. But what goes into a good real estate management software option for the modern residential manager?

The Residential Infill Project

The Living Room

Due to these changes, city officials have proposed and passed the Residential Infill Project, which will allow duplexes, triplexes, and fourplexes to be built under restrictions of size. I am curious to see how the Residential Infill Project will affect the market.