Housing Wire

NOVEMBER 4, 2024

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% But the increase in sales means that inventory levels will start to decline as fewer new homes are being built. million units.

As-is 370

As-is Marketing Construction New Construction 370

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

Keeping Current Matters

DECEMBER 8, 2021

With so few homes available to buy right now, you might be considering building a new home as one of your options. First, let’s look at the benefits of purchasing a newly constructed home. With a brand-new home, you’ll be able to: 1. Buying a new construction vs. existing home typically means you’ll have fewer repairs to do.

New Construction 292

New Construction Construction Branding Design 292

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.

Construction 397

Construction New Construction Agents Design 397

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

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 468

Sales New Construction Construction Finance 468

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

DECEMBER 16, 2021

.” HUD and the Census Bureau are attributing this increase in production to strong demand for new construction. As housing inventory across the country continues to remain at historic lows, it comes as no surprise that many prospective homebuyers are turning to new construction. higher in the Northeast, 9.6%

New Construction 493

New Construction Construction Residential Development 493

Housing Wire

DECEMBER 17, 2024

More inventory can bring down prices, but some renters still struggle to meet the rental price hikes found in new construction. increase in asking rents for newly constructed apartments in 2024 the biggest spike in 18 months. Rent prices have fluctuated alongside home prices in this year’s housing market.

Construction 339

Construction New Construction Brokerage Marketing 339

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

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 25, 2024

Additionally, mortgage applications for new homes surged in February as a lack of existing homes for sale continued to fuel the demand for new construction. But a slight uptick in mortgage rates held back the pace of new home sales in February, according to NAHB chief economist Robert Dietz.

Sales 484

Sales New Construction Construction MLS 484

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

FEBRUARY 21, 2024

The acquisition marks a milestone in Zonda’s path to streamlining the new home shopping process. Zonda will be able to integrate its new construction data and tech platform with the leading portal for U.S. new home listings. new home listings. The demand for new construction isn’t waning.

New Construction 455

New Construction Construction Industrial Design 455

Housing Wire

DECEMBER 3, 2020

New construction continues to take more and more of our market,” Dopp said. “New New construction continues to take more and more of our market,” Dopp said. New construction used to be maybe 15-20% of the market, trending toward 40% of the market now. Boise, Idaho was the No.

Marketing 534

Marketing New Construction Construction Principal 534

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

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

FEBRUARY 26, 2024

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. At the end of January, there were 456,000 new homes available for sale, marking a 3.9% month supply of new single-family homes, according to census and HUD data.

Sales 459

Sales New Construction Construction Development 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

JULY 19, 2024

We specialize in non-agency loans, including bank statement loans, government lending, new construction and renovation products, and HELOCs , positioning us as a leader in the industry.” In a competitive market full of options, banks must rely on more than their rate sheet to compete for the business of third-party originators.

Lending 461

Lending New Construction Banks Renovation 461

Housing Wire

MARCH 4, 2024

New construction accounted for approximately 30% of active for-sale housing inventory, doubling the usual figures for a standard year. The persistent scarcity of existing homes drove buyers toward newly built properties, allowing builders to maintain double-digit margins. The acquisition is set to close in the first half of 2024.

New Construction 442

New Construction Land Construction Industrial 442

Housing Wire

FEBRUARY 29, 2024

Other buyers are choosing to pivot to new construction, attracted to the concessions offered by homebuilders, including rate buydowns. Mortgage rates continued to trend up this week and dampen homebuyer momentum. The 30-year fixed-rate mortgage averaged 6.94% as of Feb.

Mortgages 493

Mortgages Fixed-rate mortgage New Construction Construction 493

Housing Wire

JANUARY 18, 2024

New construction starts fell to a seasonally adjusted annual rate of 1.460 million units, down 4.3% Looking ahead, homebuyers who may be looking to purchase a new construction home may continue to struggle with lack of inventory in 2024, as the overall estimated number of building permits issued in 2023 was down 11.7%

New Construction 488

New Construction Principal Construction Mortgages 488

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

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

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

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. Housing starts rose in November, significantly beating expectations. Department of Housing and Urban Development and U.S. Census Bureau data.

Mortgages 459

Mortgages Construction New Construction Residential 459

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

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. Census Bureau. from last July. above June’s revised rate.

Construction 545

Construction New Construction Sales Mortgages 545

Housing Wire

JUNE 16, 2021

The total number of homes under construction increased 1.2% — the 12th consecutive monthly increase and its highest level since 2007. Permits for new construction by homebuilders dropped 3%, largely because lumber and building material costs kept prices high. Presented by: Move Sales.

New Construction 493

New Construction Construction Industrial Agents 493

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

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 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. As a whole, the construction sector is still 85,000 jobs below its February 2020 level. Residential building construction employment is up 5.3%

Construction 435

Construction Residential New Construction Marketing 435

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

DECEMBER 21, 2023

A rise in homebuilder confidence , followed by new home construction reaching its highest level since May, signals a response to meet heightened demand as current inventory remains low.” Mortgage rates stayed below 7% for the second week in a row, a welcome relief after a 17-week streak of above-7% rates. by the end of next year.

Mortgages 511

Mortgages Fixed-rate mortgage MLS New Construction 511

Housing Wire

AUGUST 11, 2020

” For consumers interested in new construction, Offerpad has partnered with Beazer Homes , Maronda Homes , Meritage Homes , and Pulte Homes , to name a few. .” ” For consumers interested in new construction, Offerpad has partnered with Beazer Homes , Maronda Homes , Meritage Homes , and Pulte Homes , to name a few.

New Construction 416

New Construction Construction Closing As-is 416

Housing Wire

FEBRUARY 5, 2024

An estimated 668,000 new homes were sold in 2023, 4.2% 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. more than the figure of 641,000 in 2022, according to the U.S. Census Bureau and the U.S.

New Construction 468

New Construction Construction Development Mortgages 468