Housing Wire

JANUARY 27, 2025

Additionally, there are 268,000 homes currently under construction. Furthermore, there remains a record high of 108,000 homes that builders have not yet started constructing, all while mortgage rates remain above 7%. Rates below 6% could lead to increased housing construction and more permits being issued. percent (19.7

Sales 490

Sales Construction Mortgages Residential 490

Housing Wire

NOVEMBER 19, 2024

A lower Fed funds rate can assist with land purchases and apartment construction, but that process would take considerable time before we see any development. The key takeaway from today’s housing data is that there simply isn’t enough demand to justify additional construction — at least as far as the builders are concerned.

Construction 539

Construction Mortgages Land Sales 539

Housing Wire

MARCH 31, 2025

Florida’s long-standing reputation as America’s affordable sunshine paradise is rapidly dimming under the weight of skyrocketing housing costs, unsustainable insurance premiums and crumbling infrastructure, according to a new report from real estate analytics firm Cotality.

Construction 448

Construction Development Marketing As-is 448

Housing Wire

JANUARY 16, 2025

On Twitter today, the Minneapolis Fed tweeted out a quote from one of their recent articles : “9th District apartment construction is expected to slow down soon as number of construction permits sought by developers fall. It’s not booming. It’s not falling.” ” message.

Mortgages 511

Mortgages Residential Construction Marketing 511

Housing Wire

MARCH 18, 2025

Todays new construction report from the Census Bureau showed month-to-month growth in housing starts, but falling housing permits. However, employment for residential construction workers hasnt fallen at all, even with the decline in housing starts and permits. What’s going on? This is 11.2 percent (15.7 percent (13.0

Construction 436

Construction Residential Sales New Construction 436

Housing Wire

OCTOBER 21, 2024

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. They sell for just under $3 million.

Construction 497

Construction Development Finance Mortgages 497

Housing Wire

OCTOBER 25, 2024

Davis also highlights Deephaven’s edge in products like their Ground-Up Construction and Fix-and-Flip products, offering originators essential tools and training. Davis also highlights Deephaven’s edge in products like their Ground-Up Construction and Fix-and-Flip products, offering originators essential tools and training.

Investor 448

Investor New Construction Construction Loans 448

Housing Wire

OCTOBER 24, 2024

We had no growth in residential construction work hiring earlier in the year when rates were higher. I recently raised this concern about housing construction and new home sales in an interview on CNBC. Today’s report shows that 258,000 homes are under construction, which amounts to 4.2 Then mortgage rates fell from 7.5%

Sales 488

Sales Construction Mortgages Residential 488

Housing Wire

APRIL 18, 2025

Navigating the home buying process often begins with deciding between a new build or an existing homeand while new construction offers exciting possibilities, it also comes with unique challenges. New builds come with builder warranties and construction quality may vary due to labor shortages, and delays can occur.

Purchase and sale agreement 343

Purchase and sale agreement New Construction Construction Closing costs 343

Housing Wire

JANUARY 9, 2025

Bruce Harrell Last year, Harrell introduced a bold plan that would aim to double the citys zoning capacity, which City Hall said could lead to the construction of 80,000 additional homes by 2044. He is also looking to create 30 neighborhood centers that could allow for the construction of five-story apartment complexes.

Construction 448

Construction Commercial Land Development 448

Housing Wire

JULY 19, 2024

“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” This could make the overall cost to entry — which is already low — more digestible.

Construction 488

Construction Finance Development Marketing 488

Housing Wire

APRIL 3, 2025

One important data point that we consistently monitor in the jobs report released on Friday which plays a vital role in my recession model is the number of residential construction workers. Mortgage rates have reached the lowest levels of the year today as the 10-year yield dropped significantly on tariff news.

Mortgages 533

Mortgages Residential Construction As-is 533

Housing Wire

JANUARY 17, 2024

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. Index values for most construction inputs are down from 2022 but remain above pre-pandemic levels. Index values for December published last week.

Construction 488

Construction Land Residential Mortgages 488

Housing Wire

MAY 14, 2024

As a result, some homebuilders have doubled down on the construction of built-to-rent (BTR) homes. The momentum is continuing as another 99,000 BTR homes are under construction in 2024, although the breakneck pace is expected to ease in 2025. Many builders feel bullish about places that are low on rental supply.

Construction 476

Construction Development Investor As-is 476

Housing Wire

JULY 19, 2024

Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We The company has an in-house construction servicing and valuation team “to ensure best-in-class customer experiences and comprehensive portfolio monitoring,“ according to its announcement. “We

Construction 459

Construction Development Loans Lending 459

Housing Wire

DECEMBER 20, 2024

It is encouraging to see some uptick in apartment construction in some of our larger communities. Underlying issues Despite this progress, Dapice and others are frustrated by the lack of new construction especially starter homes in the state. Its a big deal. They want to attract younger employees, including recent college graduates.

Construction 434

Construction Land Development New Construction 434

Housing Wire

MARCH 31, 2025

As much of the nation continues to reckon with critical shortages to housing inventory that exacerbate affordability woes, housing advocates in California are seeking to exempt homebuilding projects in urban areas from being subjected to a key climate law that critics say has slowed construction. The law was signed by then-Gov.

Construction 312

Construction Land As-is Marketing 312

Housing Wire

JULY 17, 2024

Higher mortgage rates have increased recession risk by targeting the one sector that always falls before every recession: residential construction workers. And higher rates are also impacting the future supply of homes, as housing permits have been in a downtrend for a while. Single-family permits fell again in today’s housing starts report.

Construction 508

Construction Mortgages Residential As-is 508

Housing Wire

APRIL 24, 2025

The report evaluates each state using weighted criteria tied to affordability and construction activity. Homebuilding was assessed using construction permit volumes relative to population and price differences between new and existing homes. Texas and Iowa each had A- scores. The report points to restrictive zoning as a key barrier.

Construction 299

Construction New Construction Development Land 299

Housing Wire

OCTOBER 18, 2024

The number of housing units that came online in September showed a big year-over-year jump, but data on earlier stages of construction suggest not much is coming through the pipeline. That’s according to monthly data on new residential construction from the U.S. But housing completions rose 14.6% compared to September 2023.

Construction 459

Construction Staging New Construction MLS 459

Housing Wire

MARCH 10, 2025

This was driven by an increase in both single-family and multifamily construction. Importantly, new construction activity outpaced household formations for the first time since 2016. More than a decade of underbuilding has left the U.S. “The homeowner vacancy rate should be closer to 1.5% But as Hale pointed out, the U.S.

Construction 361

Construction New Construction Closing As-is 361

Housing Wire

APRIL 3, 2025

Builders face less competition due to the chronic housing shortage made worse by the sellers strike, but their construction costs have increased significantly. They also have to navigate regulatory restrictions , making it difficult to scale up construction to meet growing demand, let alone reduce the overall housing supply shortage.

Sales 351

Sales Construction Marketing As-is 351

Housing Wire

NOVEMBER 5, 2024

Redfin cited the boom in multifamily construction over the past few years as one reason why rents have remained stable. Redfin cited the boom in multifamily construction over the past few years as one reason why rents have remained stable. The surge in renter households is outpacing the growth of homeowners in the U.S., That was up 2.7%

Construction 418

Construction As-is Finance Marketing 418

Housing Wire

MARCH 7, 2025

economy can withstand job losses in the government sector, reduced spending in the economy, and a housing market on the brink of losing residential construction projects. This leads us back to the private sector and residential construction jobs. Labor over inflation has been my mantra since late 2022.

Mortgages 439

Mortgages Marketing Residential Construction 439

Housing Wire

OCTOBER 15, 2024

With high prices and still stiff competition, those looking to buy a home in today’s real estate market need to consider every opportunity, including the choice between new construction or a resale home. Census Bureau, the median sale price of a new construction home in March 2024 was $430,700.

New Construction 488

New Construction Construction Agents Marketing 488

Housing Wire

JANUARY 17, 2025

While new construction picked up between November and December, there are still headwinds in the homebuilding sector, Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. While economists are happy with the level of construction in 2024, they say there is still work to be done. and 2.6%, respectively.

Construction 397

Construction New Construction MLS As-is 397

Housing Wire

OCTOBER 22, 2024

” Last week, following the release of construction data for September from the U.S. Mortgage rates continue to rise, serving as a bucket of cold water for lenders and consumers that were warming to lower borrowing costs just a few months ago. That was up 15 basis points (bps) from one week ago and 30 bps higher than on Sept.

Mortgages 468

Mortgages Marketing Construction Sales 468

Housing Wire

JANUARY 16, 2025

Using growth indicators that measure upcoming construction and development, southern metros take eight spots in the top 10 list. in new construction, 7.2% The fires are also projected to slow construction growth as the area starts the rebuilding process. The top three metros are Lakeland, Florida. at the top of their list.

New Construction 370

New Construction Marketing Land Construction 370

Housing Wire

NOVEMBER 29, 2024

New-home construction in the U.S. StorageCafe describes this discrepancy as the “missing middle,” and analysts blame zoning laws and rising construction costs. StorageCafe describes this discrepancy as the “missing middle,” and analysts blame zoning laws and rising construction costs. ”

Construction 397

Construction Land Development As-is 397

Housing Wire

JANUARY 10, 2025

The construction sector showed little month-over-month change, adding just 8,000 jobs. Residential building construction added 3,500 jobs from November, while residential specialty trade contractors added just 500 positions. year-over-year, which is faster than the overall rate of inflation.

Residential 397

Residential Construction MLS Mortgages 397

Housing Wire

JANUARY 10, 2025

The key data line for me in this part of the economic cycle is residential construction jobs , and while that data is not growing much anymore, its not declining, as we can see below. If the residential construction worker jobs decline, that can push us to a higher unemployment rate since we already have job losses in this sector.

Mortgages 488

Mortgages Residential Construction As-is 488

Housing Wire

MARCH 7, 2025

In the most in-demand markets, homes sold in 33 to 51 days, significantly below the national median of 66 days. These properties also attracted two to four times as many views per listing as the typical U.S. ” The report found that affordability remains a major driver of demand. There’s only about a two-month inventory in Haddonfield.

Marketing 396

Marketing New Construction Construction Development 396

Housing Wire

JANUARY 17, 2025

range are not as low as the 3.25% to 5% rates we experienced over the past decade, that range should still facilitate the construction of more homes. Since late 2022, our analysis indicates that mortgage rates in the 6%-6.5% So, let’s look at the report to see what is happening. This is 15.8 percent (14.4 percent (11.3

Mortgages 488

Mortgages Construction Sales As-is 488

Housing Wire

JULY 22, 2024

HUD encourages existing CoCs to use awarded funds for construction, acquisition or rehabilitation of additional PSH units with other funding sources, so that the amount of housing can be “maximized” to “meet the needs of individuals and families experiencing homelessness,” HUD said. million people,” the announcement said.

Construction 473

Construction Renovation Principal Development 473

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. This would act as an equivalent to reducing the mortgage rate by more than 1.5%

Construction 535

Construction Closing costs Renovation Title 535

Housing Wire

NOVEMBER 25, 2024

Construction remains insufficient to meet demand after 15 years of under-building. This lack of confidence is driven by the Federal Reserve ’s signals that it will consider only one potential interest rate cut this year, as well as stalled progress in reducing inflation and consistently high construction costs. from the 3.4%

Construction 397

Construction Sales Marketing Mortgages 397

Housing Wire

MARCH 24, 2025

It excludes new construction homes , foreclosure sales, auction sales, non-arms-length transactions, bank/corporate/government acquisitions, invalid quit claims and outlier sale prices (defined as below $10,000 or above $10 million). The study also found that these losses were deepest in communities of color.

MLS 501

MLS Sales New Construction Construction 501