Housing Wire

DECEMBER 5, 2023

In the third quarter of 2023, single-family and multifamily home construction grew in outlying areas instead of urban centers. Released quarterly, the HBGI gauges housing construction growth in various regions using county-level information about single- and multifamily building permits. in Q3 2023 from a year ago.

New Construction 476

New Construction Construction Marketing As-is 476

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 424

Construction Residential Sales New Construction 424

Housing Wire

MARCH 7, 2025

Rich Bradford, broker associate with The Bradford Team at RE/MAX One Realty in Haddonfield, New Jersey, said the results for his local market could be even better if so many potential sellers werent locked in by low mortgage rates. In the most in-demand markets, homes sold in 33 to 51 days, significantly below the national median of 66 days.

Marketing 387

Marketing New Construction Construction Development 387

Housing Wire

MARCH 10, 2025

with a shortage of nearly 4 million homes, according to a new analysis from Realtor.com that was released Monday. 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.

Construction 360

Construction New Construction Closing As-is 360

Housing Wire

AUGUST 1, 2023

Zillow Group ‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market. New single-family home sales rose 23.8% million net loss , an improvement on the $90.8

New Construction 370

New Construction Construction Brokerage Agents 370

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

Housing Wire

FEBRUARY 13, 2024

Century 21 Regency Realty agent Cheryl Piccinini has lived and traveled all over the world, but there is no place she would rather be than Alabama. “No No matter what you want, you can find it here,” the Enterprise, Alabama-based agent said. You can find the city, the country. We’ve got beaches. It is just an amazing place.” As of Feb.

New Construction 435

New Construction Construction Agents Development 435

Housing Wire

OCTOBER 18, 2024

We had a good few months of positive builder confidence data for the new home sector and positive purchase application data for existing home sales. Anyone who thinks we are on the verge of a housing construction boom is kidding themselves, with the policy still this restrictive. Let’s take a look at the report. percent (±19.9

Construction 379

Construction New Construction Residential Mortgages 379

Housing Wire

JANUARY 17, 2025

This means more homes on the market and more options for home buyers, which is good news for a housing market that has been underbuilt for over a decade, Odeta Kushi , First Americans deputy chief economist, said in a statement. While economists are happy with the level of construction in 2024, they say there is still work to be done.

Construction 397

Construction New Construction MLS As-is 397

Housing Wire

AUGUST 15, 2023

With strong demand and limited options for existing homes, many homebuyers are turning to new construction. Mortgage applications for new construction home purchases increased 35.5% According to MBA estimates, new single-family home sales were running at a seasonally adjusted annual rate of 677,000 units in July 2023.

New Construction 370

New Construction Construction FHA loan Mortgages 370

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 529

Construction Renovation New Construction Development 529

Housing Wire

AUGUST 18, 2020

New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% jump from June , according to a new report from the U.S. The post New home construction shoots up 22.6% Census Bureau. from last July. million, 3.6%

Construction 545

Construction New Construction Sales Mortgages 545

Housing Wire

JUNE 13, 2023

While state lawmakers are currently debating rent control legislation as one potential answer to the issue, the Massachusetts Association of Realtors (MAR) is advocating to increase housing construction instead, according to reporting by the Massachusetts’ State House News Service. Last month, Washington state Gov.

Construction 397

Construction New Construction Agents Design 397

Housing Wire

JANUARY 15, 2025

The resulting housing market crash and the Great Recession led policymakers to overcorrect by tightening mortgage lending standards and limiting funds for new construction. The first is to shorten the lag time for creating new homes by anticipating demand over the next five years.

Lending 418

Lending New Construction Staging Construction 418

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

JANUARY 30, 2025

New construction The reverse mortgage industry has, for a while, aimed to communicate the potential benefits of the Home Equity Conversion Mortgage ( HECM ) for Purchase program as a mechanism for securing a new home by using a reverse mortgage. Some feel like homes arent built like they used to be.

Inspection 300

Inspection Mortgages New Construction Equity 300

Marco Santarelli

JANUARY 22, 2025

The Florida housing market is undeniably hot right now, making headlines with a record-breaking $285 million new construction home hitting the market. According to Realtor.com , this ocean-to-lake estate is poised to shatter records as the most expensive new construction single-family home in the country. Absolutely not!

New Construction 98

New Construction Construction Pre-approval Design 98

Housing Wire

FEBRUARY 6, 2025

Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. Describing the modern-day mortgage market as challenging would be an understatement, to say the least. Mortgage interest rates have steadily ramped up throughout 2024. Why is that important?

Loans 333

Loans Mortgages Equity Construction 333

Housing Wire

SEPTEMBER 26, 2023

“Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said. The seasonally‐adjusted estimate of new houses for sale at the end of August was 436,000.

As-is 511

As-is Sales New Construction MLS 511

Housing Wire

JANUARY 14, 2025

The brokerage has hired industry veteran Nikol Solares as senior managing director of new development marketing. ” Nikol Solares Solares brings 20 years of experience in luxury development, new construction sales and marketing to her new role. .” Sheridan brings valuable experience to the Southeast region.

Brokerage 370

Brokerage Development New Construction Agents 370

Housing Wire

FEBRUARY 18, 2025

More than 560,000 new units are needed to meet all the demand by 2030, but only 191,000 will be added at current development rates, according to data service NIC MAP. Adding to the potential shortage in years ahead are stubbornly high mortgage rates and tariffs that could slow new construction. The projected aging of the U.S.

Marketing 357

Marketing New Construction Development Construction 357

Housing Wire

FEBRUARY 1, 2023

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. The loan will cover an 11-month maximum build period with a one-month modification.

Construction 418

Construction Loans Loan Officer New Construction 418

Housing Wire

NOVEMBER 4, 2024

loanDepot has signed a new joint venture agreement with Smith Douglas Homes , a top-50 homebuilder with a solid book of business in the Southern states. Smith Douglas Homes sold 2,297 homes in 2023. loanDepot has a variety of partnerships with homebuilders across the country.

Purchase and sale agreement 305

Purchase and sale agreement Mortgages New Construction Lending 305

Housing Wire

FEBRUARY 4, 2025

Even if we had a massive increase in that number of new listings, that would not be enough to get affordability to get the kind of price declines that we need. What that tells me is that we really need more housing supply coming from new construction. He also pointed to low mortgage rates as another positive for homeowners.

New Construction 369

New Construction Mortgages Construction Sales 369

Housing Wire

NOVEMBER 10, 2022

In response, multifamily construction has skyrocketed over the last year, hitting a historic high of 841,000 units under construction nationwide in June of this year, according to research from the National Multifamily Housing Council and the National Apartment Association. It could be a while. year over year, to a rate of 644,000.

Construction 482

Construction Development Mortgages New Construction 482

Housing Wire

FEBRUARY 22, 2022

The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Tye Alroe, director of Alroe Constructions , was recently let down by a subcontractor who pulled out of a job at the last minute. “I As a result, costs are exceeding budgets by thousands of dollars.

Construction 435

Construction Residential Industrial As-is 435

Housing Wire

FEBRUARY 24, 2023

“Rates have bounced higher since January, which likely is acting as a drag on new home sales in the meantime.” The uptick in the sales pace resulted in just 439,000 new homes remaining on the market at the end of the month, representing 7.9 Looking ahead, experts are optimistic about the spring selling season for new construction.

Sales 459

Sales New Construction Construction Mortgages 459

RIS Media

JANUARY 21, 2025

New data from Realtor.com shows that rental prices continued to decline for the month of December, as the national median asking rent fell below $1,700 for the first time since April 2022. According to Realtor.com, this is a 1.1% decline year-over-year from December 2023.

New Construction 97

New Construction Construction As-is Industrial 97

Housing Wire

DECEMBER 16, 2021

Construction of single-family homes increased 11.3% million units, while the construction of multifamily units increased 12.9% “Moreover, despite some cooling earlier this year, the continued strength of single-family construction in 2021 means there are now 28% more single-family homes under construction than a year ago. .

New Construction 493

New Construction Construction Residential Development 493

Housing Wire

JANUARY 13, 2025

With the heart of an athlete, Evans will bring strong work ethic to his new role. The company believes that population increases in these states have driven higher demand for new construction sales. The Kansas City Royals drafted Evans in the ninth round of the 1992 MLB draft.

Lending 370

Lending New Construction Mortgages Construction 370

Housing Wire

AUGUST 16, 2024

One key data line that is flagging a path to recession is the loss of residential construction workers. A while back, HousingWire Editor in Chief Sarah Wheeler and I discussed the risk of recession due to a lack of construction labor. Let’s look at today’s residential construction report and see where we are. From the U.S.

Construction 535

Construction Residential New Construction Finance 535

Housing Wire

MAY 16, 2024

As homebuyers continue to grapple with a lack of existing homes for sale, the market for new homes continues to see strong demand, and some areas of the country — including Sun Belt states — are producing new homes at a relatively rapid rate. was $335,170, compared to $414,990 for new construction homes.” Dallas was No.

Sales 468

Sales New Construction Construction Finance 468

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

New Construction 516

New Construction Construction Renovation Residential 516

Housing Wire

MAY 25, 2022

A new generation of digitally native homebuyers and sellers are expecting online experiences , in every type of transaction, and more convenient and seamless ways to find, tour, purchase, and sell homes on their own terms. Innovation is not just on the construction side — it also can be adopted on the sales side.

New Construction 482

New Construction Construction Sales Industrial 482

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. Single-family building activity drove November residential construction activity. But permits for future construction fell 2.5%

Mortgages 459

Mortgages Construction New Construction Residential 459

Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. million people live in what Freddie Mac defines as “persistent poverty” counties.

New Construction 511

New Construction Finance Construction Mortgages 511

Housing Wire

FEBRUARY 4, 2022

After months of growth, the construction sector lost 5,000 jobs in January from December, due to the loss of 9,500 jobs in heavy and civil engineering construction. After months of growth, the construction sector lost 5,000 jobs in January from December, due to the loss of 9,500 jobs in heavy and civil engineering construction.

Construction 435

Construction Residential New Construction Marketing 435