Housing Wire

FEBRUARY 26, 2024

New-home sales reached a seasonally adjusted annual rate of 661,000 in January, according to data published Monday by the U.S. Department of Housing and Urban Development ( HUD ). Additionally, mortgage applications for new homes surged in January as a lack of existing homes for sale continued to fuel the demand for new construction.

Sales 459

Sales New Construction Construction Development 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

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. Department of Housing and Urban Development ( HUD ). month supply of new single-family homes, according to census and HUD data.

Sales 484

Sales New Construction Construction MLS 484

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

DECEMBER 16, 2021

Department of Housing and Urban Development and the U.S. Construction of single-family homes increased 11.3% million units, while the construction of multifamily units increased 12.9% ” HUD and the Census Bureau are attributing this increase in production to strong demand for new construction. They rose 11.8%

New Construction 493

New Construction Construction Residential Development 493

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.”

Sales 467

Sales New Construction Construction Finance 467

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. .”

Brokerage 368

Brokerage Development New Construction Agents 368

Housing Wire

SEPTEMBER 27, 2023

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. Fueling this increase is new construction, according to Divounguy, even though the 1.3% Over the past year, the value of the U.S.

Marketing 521

Marketing New Construction Finance Construction 521

Housing Wire

JULY 16, 2024

Biden’s new plan would cap annual rent hikes at 5% for two years for landlords who manage 50 or more rental units, which the administration said would cover 20 million units, or roughly half of all rental units in the country. Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation.

New Construction 488

New Construction Construction Land Development 488

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” It is becoming more of a ‘I need to move so I am going to list my home,’ and it is pretty much always due to a life event and that is really the only way we are seeing inventory come on the market,” Kurt Schuler, a New Albany-based ERA agent, said.

Marketing 468

Marketing New Construction Construction As-is 468

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. The real estate industry is in the stages of a seismic shift to fully digital experiences.

New Construction 482

New Construction Construction Sales Industrial 482

Housing Wire

APRIL 25, 2024

Department of Housing and Urban Development (HUD) on Thursday detailed a series of actions and initiatives it has undertaken to bolster climate resiliency while supporting green housing initiatives that stem from Inflation Reduction Act funding and recently announced plans to combat the effects of extreme heat.

New Construction 473

New Construction Development Design Construction 473

Housing Wire

AUGUST 29, 2024

Urbanization is rapidly transforming cities worldwide. By 2050, it is projected that 90% of the U.S. population will reside in urban areas, signifying a monumental shift towards city living. As cities become denser, the challenge of providing sufficient, affordable housing becomes more acute. rose 37.5%.

Development 459

Development Renovation New Construction Land 459

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. Since the last housing bubble burst, when more than a million residential construction workers lost their jobs , a shortage has developed. That’s a staggering number.”. wage of $49,000.

Construction 529

Construction Renovation New Construction Development 529

Housing Wire

SEPTEMBER 4, 2024

The only viable solution to these problems, as other municipal leaders and housing industry experts have previously suggested, is the construction of more homes. The only viable solution to these problems, as other municipal leaders and housing industry experts have previously suggested, is the construction of more homes.

Construction 446

Construction New Construction Finance Land 446

Housing Wire

DECEMBER 19, 2023

New construction rose to a seasonally adjusted annual rate of 1,560,000, according to the U.S. Department of Housing and Urban Development and U.S. Single-family building activity drove November residential construction activity. Housing starts rose in November, significantly beating expectations. Census Bureau data.

Mortgages 459

Mortgages Construction New Construction Residential 459

Housing Wire

MAY 6, 2024

However, since the reverse mortgage industry has been using the FNMA1009/HUD 92900–A for a long time, before making the switch to the FNMA-1003/HUD 92900-C we would like the opportunity to comment on the new HUD 92900-C when that form is made available to the public.” Following an announcement that the U.S.

VA loan 448

VA loan Principal Residential Loans 448

Housing Wire

FEBRUARY 5, 2024

An estimated 668,000 new homes were sold in 2023, 4.2% Department of Housing and Urban Development. single-family homes for sale were new construction, similar to the percentage from a year earlier and good for the highest level of any fourth quarter on record. Census Bureau and the U.S.

New Construction 468

New Construction Construction Development Mortgages 468

Housing Wire

APRIL 30, 2021

More than a quarter of single-family homes for sale during the first quarter were new-construction homes — nearly 26%, and March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin. A healthy housing market is considered roughly six months of supply.

New Construction 476

New Construction Construction Land Sales 476

Housing Wire

FEBRUARY 29, 2024

Theoretically, new construction should be bolstered by the acute shortage of housing on the market,” Point2 said. However, with supply chain issues piling up and loan rates for builders continuing to rise, developers’ confidence is going in the opposite direction. Single-family housing permits, meanwhile, slowed in 70% of U.S.

Construction 468

Construction New Construction Development Loans 468

Housing Wire

AUGUST 13, 2024

Construction of accessory dwelling units (ADUs) is taking off, but is it bringing down housing costs? A new report from John Burns Real Estate Consulting casts doubt on it, citing uneven geographic distribution of deregulations and the high cost of construction. As a result, the most impactful ADUs are in new construction.

Construction 435

Construction New Construction Equity Residential 435

Housing Wire

JANUARY 18, 2024

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability.

Fixed-rate mortgage 532

Fixed-rate mortgage Mortgages New Construction Construction 532

Housing Wire

SEPTEMBER 18, 2024

Department of Housing and Urban Development (HUD). Slowdowns in new single-family construction over the summer reflected sagging builder confidence, but homebuilders appear to be more confident as mortgage rates have fallen over the past few weeks and as the Federal Reserve gets set to cut interest rates. monthly and 6.2%

Marketing 488

Marketing Construction New Construction MLS 488

Housing Wire

NOVEMBER 27, 2023

In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). On a year-to-date basis, new home sales were up 9.5% The median price for new homes fell to $409,300 in October, down 3.1%

Sales 448

Sales New Construction Construction Closing costs 448

Housing Wire

MAY 16, 2023

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. That share from 2000-2019 was a 12.7%

New Construction 459

New Construction Construction Sales Staging 459

Housing Wire

JANUARY 18, 2024

New construction starts fell to a seasonally adjusted annual rate of 1.460 million units, down 4.3% Department of Housing and Urban Development (HUD). Despite lower mortgage rates , housing starts ended the year on a downturn, after posting a large monthly gain in November. Census Bureau and the U.S. compared to 2022.

New Construction 487

New Construction Principal Construction Mortgages 487

Housing Wire

OCTOBER 25, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). On a year-over-year basis, new home sales were up 33.9%. According to Alicia Huey, chairman of the National Association of Home Builders (NAHB), the lack of existing inventory is the reason why more homebuyers turn to new construction.

Sales 448

Sales New Construction Construction Finance 448

Housing Wire

MAY 20, 2024

home construction at the onset of the pandemic. We have a fair amount of new-construction homes for sale, and thank goodness we do,” Nicole Dege, a Redfin Premier agent in Orlando, said in the report. Department of Housing and Urban Development (HUD). two years ago. This share is still roughly double pre-pandemic levels.

Sales 468

Sales New Construction Construction Mortgages 468

Housing Wire

JUNE 27, 2023

Sales of new single‐family houses came in at a seasonally adjusted annual rate of 763,000, according to estimates released jointly Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development. This has brought a resurgence to the new construction industry with sales rising and home builder confidence climbing.’

Sales 370

Sales New Construction Construction Residential 370

Housing Wire

JUNE 17, 2021

However, construction is still facing headwinds given permits for new developments by homebuilders dropped 3%, largely because lumber and building material costs kept prices high. In that data, new home sales are recorded at contract signing, which typically occurs with the mortgage application.

Sales 511

Sales VA loan FHA loan Loans 511

Housing Wire

MAY 23, 2023

The sales pace of new homes has also increased for the fifth consecutive month, according to data published on Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). In April, the sales pace of new homes rose 4.1% On a year-over-year basis, new home sales were up 11.8%.

New Construction 418

New Construction MLS Construction Sales 418

Housing Wire

OCTOBER 19, 2022

Department of Housing and Urban Development. The new construction industry was not blind to the impacts this will have on housing demand. Builders are starting on construction on fewer single-family houses, but they’ve been breaking ground on more apartments and condominiums. Census Bureau and the U.S.

Construction 468

Construction New Construction Development Residential 468

Housing Wire

SEPTEMBER 1, 2023

It replaces them with rules that permit rapid development and construction of new housing units, a move to address ballooning costs. A working group and other government officials are carrying out an assessment to identify available government and private land where new homes could be built to house Lahaina fire survivors.

New Construction 418

New Construction Construction Land Development 418

Housing Wire

JUNE 23, 2021

in May to a 769,000 seasonally adjusted annual rate, according to data released Wednesday by the Department of Housing and Urban Development and the U.S. Regionally, new home sales rose in two of the four regions in May. The median sales price of a new home last month was $374,400, an 18% increase over the same period a year earlier.

Sales 476

Sales Construction New Construction Staging 476

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. million, but 4.1%

Construction 476

Construction New Construction Lending Sales 476

Housing Wire

JULY 26, 2023

Despite yet another increase in homebuilder sentiment , the sales pace of new homes declined month over month in June, according to data published on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). In June, the sales pace of new homes fell 2.5% year over year.

Sales 370

Sales New Construction Marketing Construction 370

Housing Wire

JANUARY 23, 2024

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. Change is on the horizon. For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions.

Agents 476

Agents Equity New Construction Days on market 476