Housing Wire

DECEMBER 23, 2024

New home sales grew over last month in the latest Census report , but homebuilders are now facing a supply issue their inventory is building up. Monthly new home sales have been stagnant for the past two years. When mortgage rates decline, sales improve, but it becomes more challenging for builders and buyers when rates rise.

Residential 525

Residential Construction Sales Mortgages 525

Housing Wire

DECEMBER 18, 2024

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. Instead, the existing home sales market is more about transferring commissions rather than causing significant job losses in the economy. We will soon find out.

Construction 510

Construction Residential Sales Mortgages 510

Housing Wire

NOVEMBER 19, 2024

We should note that existing home sales are in the third consecutive year of the lowest sales on record when you adjust to the workforce size. When it comes down to it, the supply and demand model works and new home sales currently today are still below levels we saw during the tech recession in 2001. percent (±11.6 percent (±9.0

Construction 539

Construction Mortgages Land Sales 539

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. For the past two years, new home sales have ranged between 625,000-741,000.

Construction 404

Construction Residential Sales New Construction 404

Housing Wire

FEBRUARY 11, 2025

Despite bolstering its construction activities and the availability of single-family homes , the state of Florida continues to endure shortages in its affordable housing stock that impact the workforce and retirees living on fixed incomes. Sales volume was also higher in the populous Southeast Florida counties and Orange County.

Construction 242

Construction Sales As-is Marketing 242

Housing Wire

SEPTEMBER 26, 2023

After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S. In August, the sales pace of new homes fell 8.7% On a year-over-year basis, new home sales were up 5.8%. 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

APRIL 21, 2025

of home sales from January through March included concessions such as money toward repairs, closing costs or mortgage rate buydowns. of home sales from January through March included concessions such as money toward repairs, closing costs or mortgage rate buydowns. According to a new report from Redfin , 44.4% Thats up from 39.3%

Seller concession 430

Seller concession Purchase and sale agreement Closing costs New Construction 430

Housing Wire

JANUARY 17, 2025

range are positive to grow sales, whereas rates at 7% and above especially 7.50% or higher significantly impact the builder data. When analyzing new home sales data and housing starts, it’s important to remember this rule of thumb. The number of newly completed new homes for sale has risen to 120,000. This is 15.8

Mortgages 488

Mortgages Construction Sales As-is 488

Housing Wire

OCTOBER 22, 2024

For-sale inventory of single-family homes is up 33% from a year ago. New pending sales are also on the rise, with the 60,000 homes going under contract last week representing a 9% increase from the same week last year and an 11% increase from the same week in 2022. 18, when the Federal Reserve lowered benchmark rates by 50 bps.

Mortgages 468

Mortgages Marketing Construction Sales 468

Housing Wire

OCTOBER 25, 2024

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. 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

MARCH 7, 2025

First-time homebuyers stimulate sales, you know. Kenosha has always been kind of the engine in terms of real estate sales in southeast Wisconsin, she said. So that really kind of hinders our actual total sales and total closings. But our sale prices keep climbing and climbing year over year. Its just the way it is.

Marketing 396

Marketing New Construction Construction Development 396

Housing Wire

NOVEMBER 29, 2023

New home sales The seasonally adjusted annual rate of new single-family home sales in October landed at 679,000, according to data published on Monday by the U.S. The region was responsible for almost 65% of the adjusted rate of home sales, up about 10 percentage points from the same month in 2018. The figure – up 17.7%

Construction 448

Construction Sales Finance Land 448

Housing Wire

JANUARY 22, 2025

Right now, more multifamily units are hitting the market than at any time in the past 50 years, but detached homes arent seeing the same surge in construction , Zillow chief economist Skylar Olsen said in a statement. An ongoing lack of supply of homes for sale is also fueling demand for rental units, Zillow reported. in December 2023.

Construction 448

Construction Mortgages Sales Marketing 448

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 315

Purchase and sale agreement New Construction Construction Closing costs 315

Housing Wire

NOVEMBER 25, 2024

The instability in the housing market is evident in existing-home sales and home builder sentiment. decrease in existing-home sales, with a 2.8% Additionally, pending home sales in April dropped 7.7%, and year-over-year pending transactions fell 7.4%, indicating a persistent trend. from the 3.4% year-over-year decline.

Construction 397

Construction Sales Marketing Mortgages 397

Housing Wire

DECEMBER 20, 2024

I think there would be even stronger growth and more stability in the market if we had more houses for sale, he added. It is encouraging to see some uptick in apartment construction in some of our larger communities. Its a big deal. They want to attract younger employees, including recent college graduates.

Construction 433

Construction Land Development New Construction 433

Housing Wire

MAY 23, 2024

New home sales missed estimates , showing that demand isn’t crashing but not growing much either. However, we need to keep an eye on the housing construction data in this report because it has huge implications for the economic cycle, our recession risk and mortgage rates. months at the current sales rate. Today, even with 9.1

Sales 497

Sales Marketing Construction Residential 497

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

DECEMBER 22, 2023

New home sales missed sales estimates , but the builders’ stocks have been roaring higher. Also, new home sales are notorious for big positive and negative prints that tend to get revised. For sale inventory and months’ supply : The seasonally adjusted estimate of new houses for sale at the end of November was 451,000.

Sales 529

Sales Mortgages Marketing Construction 529

Housing Wire

JULY 24, 2024

Will the Federal Reserve pivot in time to save construction workers? This is key because, traditionally, residential construction workers are the first to lose their jobs before every recession since higher mortgage rates hit housing first. months at the current sales rate. percent (±14.6 percent (±15.2 Monthly supply: 9.3

Sales 488

Sales Construction Mortgages Staging 488

Housing Wire

JANUARY 25, 2024

People say that housing leads the economy into a recession: this is true when new home sales and housing permits fall together. This is one reason I raised my fifth recession red flag for Housing on June 16, 2022 as I saw that higher mortgage rates would impact new home sales and housing permits. months at the current sales rate.

Sales 514

Sales Construction Mortgages Residential 514

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

JULY 26, 2022

Tuesday’s report on new home sales came in as a miss of estimates and prior revisions were all negative. This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. However, for the new home sales sector, it would put their business model at risk.

Sales 514

Sales Construction Mortgages Title 514

Housing Wire

MAY 23, 2023

In a country with more than 330 million people, there are only 70,000 new homes available for sale today in the U.S. And with total active house listings in America near all-time lows, that is all we have for completed units for sale. housing market. Why have the homebuilders’ stocks done so well recently? percent (±11.8

Sales 525

Sales Construction Mortgages As-is 525

Housing Wire

SEPTEMBER 26, 2023

New home sales missed estimates today but had three months of positive revisions, which continues the story of the builders managing the higher mortgage rate environment. But they still only have 76,000 completed units for sale today. As shown in the chart below, this sector has never provided many unoccupied new units for sale.

Sales 524

Sales Construction Mortgages As-is 524

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. In March the average home sale price in the U.S. 2 (1,574 sales), with San Antonio at No.

Sales 468

Sales New Construction Construction Finance 468

Housing Wire

OCTOBER 24, 2024

“I knew things were going down, but I didn’t know how bad it was until people started knocking on our door.” Now Sandoval, who was featured earlier this year in a Wall Street Journal article , is the one knocking on the doors of homeowners facing foreclosure or other distressed circumstances. There is nothing like that face to face.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

Housing Wire

APRIL 25, 2023

Don’t they know the new home sales apocalypse is here? According to this theory, we have more homes under construction than any time in history. And here is a case in point: New home sales came in Tuesday at a big beat of estimates, but the real story is one about supply and demand. months at the current sales rate.

Sales 501

Sales Construction Mortgages As-is 501

Housing Wire

NOVEMBER 27, 2023

In a country of more than 335 million people, with 157 million of those people working, we still only have 76,000 new homes available for sale as we head into December. Even in the worst housing bubble crash of our lifetime in 2008, the number of new homes for sale was under 200,000. months at the current sales rate.

Sales 482

Sales Construction Mortgages As-is 482

Housing Wire

SEPTEMBER 28, 2022

New home sales came in as a massive beat of sales estimates, with a 28% month-to-month increase. And, out of the 461,000 new homes available for sale, only 49,000 have been completed and are available to be occupied. In fact, new home sales are below the recession level of 2000 and back to 1996 levels already.

Sales 505

Sales Construction As-is Mortgages 505

Housing Wire

JANUARY 14, 2025

” Nikol Solares Solares brings 20 years of experience in luxury development, new construction sales and marketing to her new role. .” ” Nikol Solares Solares brings 20 years of experience in luxury development, new construction sales and marketing to her new role.

Brokerage 370

Brokerage Development New Construction Agents 370

Housing Wire

JANUARY 3, 2023

Pending home sales fell for the sixth consecutive month in November, recording a 4.0% Falling home sales and construction have hurt broader economic activity.”. Year over year, the Pending Home Sales Index was down 37.8%, marking the 18 th consecutive month of annual declines.

Sales 511

Sales Construction Mortgages Marketing 511

Housing Wire

NOVEMBER 23, 2022

Today new home sales beat estimates , and new home median sales prices hit an all-time high. Hopefully, I can make sense of this report, which showed the home sales beat estimates with prices still at all-time highs. In theory, the sales levels are lower than the data will show. months at the current sales rate.

Sales 488

Sales Construction New Construction Mortgages 488

Housing Wire

JANUARY 29, 2025

With the loss of manufacturing jobs in 2024, private sector payroll growth is at risk if the next interest rate sector breaks, particularly residential construction jobs. I recently wrote about the new home sales report, discussing why this report was disappointing , even though the headline beat estimates.

Marketing 383

Marketing Residential Construction Mortgages 383

Housing Wire

OCTOBER 18, 2023

However, permits for future construction recorded a 4.4% To boost sales, builders have been offering different concessions such as upgrades or buying down mortgage rates. “Slower construction activity in the Northeast could reflect cooler demand as well as challenges builders face in finding availability lots,” she said.

Construction 468

Construction Development MLS Mortgages 468

Housing Wire

JANUARY 26, 2024

Pending home sales rose 8.3% It was the largest monthly jump in pending home sales since 2020. NAR’s Pending Home Sales Index (PHSI) increased to 77.3 On a year-over-year basis, pending sales were up 1.3%. On a year-over-year basis, pending sales were up 1.3%. in December, up from 71.6 in November. million units.

Sales 482

Sales Construction Mortgages Marketing 482

Housing Wire

MARCH 25, 2024

New-home sales receded slightly in February but continued to track above last year’s pace, reaching a seasonally adjusted annual rate of 662,000 last month, according to data published Monday by the U.S. decrease from the revised January rate of 664,000 sales, it also marks a 5.9% At the current sales pace, there is an 8.4-month

Sales 486

Sales New Construction Construction MLS 486