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As the lock-in effect eases, the market for new homes is shrinking

Housing Wire

NAR data shows that the annualized rate of existing-home sales dropped 1% from August to September, landing at 3.84 New construction inventory has grown in recent months. Homebuilders have ramped up incentives — like mortgage rate buydowns and cash rebates — to boost sales, and new-home sales rose 6.3% million units.

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The Southern housing markets poised to become boomtowns

Housing Wire

in new construction, 7.2% in land use change, 0.8% in builder/developer land, 4% in recent build and 1.1% The fires are also projected to slow construction growth as the area starts the rebuilding process. The top three metros are Lakeland, Florida. Austin, Texas, and Raleigh, North Carolina. in recent permits.

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New construction vs. resale homes: How agents can guide buyers in today’s market

Housing Wire

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.

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How New Hampshire is looking to alleviate its housing crisis

Housing Wire

In 2023, through its Statewide Housing Needs Assessment , New Hampshire Housing found that the state is currently short by 23,500 units. This has begun to impact New Hampshires growing economy as employers cant hire people if there is nowhere suitable to live. Its a big deal.

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Kiavi lands another $300M in its latest RTL securitization

Housing Wire

This move follows Kiavi’s recent expansion announcement , in which it shared plans to offer its products in 13 new states. It also launched a new construction financing product for builders. As the 21st transaction made under the company’s LHOME Mortgage Trust, Kiavi’s total volume of notes offered sits at $5.8

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These states received top marks on their housing affordability report cards

Housing Wire

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. These states face a combination of high home prices and limited new housing development.

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Housing production and land regulation expert explores potential affordability solutions

Housing Wire

Salim Furth joins Simonsen to share his expert opinions on the current housing crisis and the various factors that impact new development in certain cities. His research focuses on housing production and land usage at the local level. Higher construction costs create a shortage of listings and vice versa.

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