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

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

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

Housing Wire

SEPTEMBER 25, 2024

In Florida, new housing inventory has not grown significantly: the number of newly listed homes stands at 43,081, an 8.8% Florida is a top state for new residential construction, yet Florida homebuilders haven’t reported significant strides in new construction sales either. Home prices increased 5.4%

Investor 448

Investor New Construction Construction Residential 448

Housing Wire

OCTOBER 6, 2023

Then, we have all the traditional financing options, including jumbo.” ” Amid the challenging landscape, Guerin, from New Jersey-based AFR, said the company doubled its efforts to do more renovation loans. 4-7, in Las Vegas. “There is too much distraction in the market; there are some negative folks out there.

Mortgages 493

Mortgages VA loan Finance Renovation 493

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

JULY 9, 2024

This transition is said to build on other recent efforts by FHLBank Chicago to expand the availability of mortgage financing. The Federal Home Loan Bank of Chicago (FHLBank Chicago) and consumer credit scoring system VantageScore announced on Tuesday that the bank is now accepting mortgage collateral using VantageScore 4.0,

Banks 392

Banks Finance New Construction Construction 392

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. But during this entire time, the number of residential construction workers has been growing.

Construction 535

Construction Residential New Construction Finance 535

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

OCTOBER 25, 2023

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. In fact, in September, 44% of new properties were priced under $400,000, compared to 32% a year earlier. months’ supply at the current sales pace.

Sales 448

Sales New Construction Construction Finance 448

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

FEBRUARY 1, 2021

However, new construction trends do not reflect this changing preference. Of builders surveyed, 44% say that buyers’ ability to qualify for a loan is one of the biggest obstacles for taking on a new project. And 71% say that interested buyers are often unable to secure financing.

Finance 435

Finance New Construction Industrial Staging 435

Housing Wire

FEBRUARY 4, 2021

Here’s how Dannielle Hale, chief economist for Realtor.com, put it in her recent 2021 forecast: “The housing market in 2021 will be much more hospitable for buyers as an increased number of existing sellers and ramp-up in new construction restore some bargaining power for buyers, especially in the second half of the year.”.

Earnest money deposit 546

Earnest money deposit Pre-approval Marketing New Construction 546

Housing Wire

NOVEMBER 7, 2024

homebuilding industry to Fannie Mae’s accomplished and diverse board, which guides the company’s efforts to responsibly expand access to mortgage credit and finance quality, affordable rental housing ,” the company said in a statement. Stowell brings nearly 40 years of experience in the U.S. Board chair Michael J. and HomeAid America.

New Construction 370

New Construction Residential Construction Industrial 370

Housing Wire

AUGUST 14, 2024

Since the beginning of the COVID-19 pandemic, Denver has been one of the hottest markets in the country having absorbed considerable inbound migration from California, New York, Texas, and Chicago, among other areas. Despite dropping the price to $625,000 from $650,000, it sat for another 45 days with no offers. year over year.

Marketing 468

Marketing New Construction Finance Staging 468

Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. Kurt Carlton, President of New Western. “We do not see new construction returning in a meaningful way any time soon. Mortgage rates have nearly doubled to around 6.5% The median existing house price increased 7.7%

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Housing Wire

AUGUST 29, 2024

To ensure affordable housing for all by 2050, innovative approaches to urban planning, financing, and policy must be explored. To ensure affordable housing for all by 2050, innovative approaches to urban planning, financing, and policy must be explored. Urbanization is rapidly transforming cities worldwide.

Development 459

Development Renovation New Construction Land 459

Housing Wire

JULY 26, 2023

“The market for new homes is booming because the number of existing homes coming on the market has slowed to a two-decade low. It’s a unique housing market, unparalleled in recent years, for the active inventory to be so heavily skewed towards new construction. At the current sales pace this inventory represents 7.4

Sales 370

Sales New Construction Marketing Construction 370

Housing Wire

DECEMBER 4, 2024

While the increased limit theoretically increases the borrowing power for anyone considering a HECM loan, industry analysts are somewhat split over the potential benefits such a limit would have on the industry in the new year. Lisa Moriello, national retail reverse sales manager at loanDepot , also views the new limit as a positive.

Mortgages 397

Mortgages Equity Lending Loans 397

Housing Wire

DECEMBER 5, 2024

Highlands Residential Mortgage announced that Daniel McCoy is joining the company as a regional construction loan manager for the Southeast. Daniel McCoy McCoy leads the construction-focused McCoy Mortgage Team , which has previously affiliated with companies like MVB Mortgage , Intercoastal Mortgage and Cardinal Financial.

Residential 380

Residential Construction Loans Mortgages 380

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. It’s fair to say that 2022 has been a depressing year for homebuilders.

Construction 397

Construction New Construction Fixed-rate mortgage Finance 397

Housing Wire

MARCH 16, 2023

The pace of new construction had been picking up over the past two years. million new housing units were started, which is a little higher than the average annual new starts over the past five decades,” Lisa Sturtevant, the chief economist at Bright MLS, said in a statement. million in February, up 9.8% year over year.

Banks 448

Banks MLS Construction Finance 448

Housing Wire

JUNE 6, 2023

Demand from the buyer side has remained steady or increased, however, and new home builders have responded to inventory shortages by increasing speculative inventory production, according to the Federal Reserve Beige Book, released Wednesday. Inventory remains exceptionally low and is restraining sales activity in much of the District.

Residential 459

Residential Construction Finance Sales 459

Housing Wire

NOVEMBER 30, 2023

Meanwhile, new home sales posted a better performance as homebuyers pivoted to new construction amid waning existing home supply. New home sales fell 5.6% Pending home sales in October fell to their lowest level since 2001. As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% down from 72.6

Sales 497

Sales New Construction Construction Mortgages 497

Housing Wire

APRIL 14, 2023

As buyers wanted to find the perfect property, before interest rates rose, they were willing to offer all cash to sellers so their offer was not contingent on financing. As buyers wanted to find the perfect property, before interest rates rose, they were willing to offer all cash to sellers so their offer was not contingent on financing.

Investor 459

Investor Equity New Construction Mortgages 459

Housing Wire

DECEMBER 7, 2020

Due to the solid demand for homes, housing supply for both new and existing homes are at all-time lows. New Home Supply. The monthly supply for new homes is currently at 3.3 months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year.

Construction 545

Construction Mortgages Sales Finance 545

Housing Wire

NOVEMBER 4, 2024

Take a look below to see the latest from last year’s winning organizations who answered the question: What new products or projects has your company taken on since its last TECH100 win? “Kiavi launched a new construction financing product. Click here to nominate a tech organization.

Industrial 303

Industrial New Construction Technology Construction 303

Housing Wire

JUNE 21, 2024

SmartAsset, a personal finance and fintech website, ranked the 100 largest U.S. New construction may also not be keeping up with demand, hiking up the prices of existing homes. metro areas are leading the way for home-price appreciation. metro areas based on home-sale price increases during the year ending in April 2024.

New Construction 418

New Construction Construction Sales Finance 418

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. On a year-to-date basis, new home sales were up 9.5% However, the share of new construction for sale in the third quarter was the highest ever recorded. in the Northeast, 5.8%

Sales 448

Sales New Construction Construction Closing costs 448

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. compared to August, while single-family housing starts rose 2.7%

Construction 459

Construction Staging New Construction MLS 459

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. The 30-year fixed-rate mortgage averaged 6.6% 11, a decrease from last week’s 6.66%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.

Fixed-rate mortgage 532

Fixed-rate mortgage Mortgages New Construction Construction 532

Housing Wire

AUGUST 8, 2024

That’s according to a new report from Redfin , which shows that housing has added $3.1 New construction has contributed heavily to the year-over-year rise, with the total number of homes increasing by about 800,000. New York, Los Angeles, Atlanta and Boston were already there. The total value of U.S. That’s a 6.6%

New Construction 458

New Construction Equity Construction Marketing 458

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

JULY 22, 2021

Ideally, the costs for a home would rise roughly in line with income growth, which is likely to happen in 2022 as more listings and new construction become available.”. After four consecutive months of declines, existing home sales increased in June, jumping 1.4% from May to a seasonally adjusted annual rate of 5.86 Sales climbed 22.9%

Sales 508

Sales New Construction Equity Construction 508

Housing Wire

NOVEMBER 22, 2023

New construction starts and permits showed surprising strength in October while existing-home sales slumped to their worst reading since 2010. “This dynamic is reflected in the latest data showing that existing home sales have fallen to a thirteen-year low.”

Mortgages 476

Mortgages New Construction Construction Sales 476

Housing Wire

NOVEMBER 16, 2023

Mortgage demand for new homes jumped in October as the inventory for existing homes remained depleted. Mortgage applications for new-home purchases rose 39.7% FHA applications reached highest share of new-home applications since 2013 In October, FHA applications represented 26.3% of new-home loan applications in October.

Mortgages 482

Mortgages VA loan Loans New Construction 482

Housing Wire

NOVEMBER 15, 2023

The latest GDP report, Consumer Price Index findings and softer labor data seem to point towards a mild improvement in the economy, but Yun still sees some worrying signs to watch for in the new year. Meanwhile, he counts on home builders to ramp up new construction, as the existing-home inventory shortage lifts demand for new homes.

Sales 482

Sales New Construction Staging Mortgages 482