Housing Wire

FEBRUARY 22, 2022

The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Explosive supply and labor costs are forcing long delays and leaving builders out of pocket, as the United States’ property fervor drives insatiable demand. . The current situation isn’t sustainable.

Construction 435

Construction Residential Industrial As-is 435

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%

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New Construction Construction Residential Development 493

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

FEBRUARY 13, 2025

San Francisco-based private lender Kiavi announced on Thursday that it has secured $300 million in capital after another securitization of its residential transition loans (RTLs). This move follows Kiavi’s recent expansion announcement , in which it shared plans to offer its products in 13 new states. billion since 2019.

Land 259

Land Investor Principal New Construction 259

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

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. Let’s look at today’s residential construction report and see where we are.

Construction 535

Construction Residential New Construction Finance 535

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

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. “The Housing starts rose in November, significantly beating expectations. Department of Housing and Urban Development and U.S.

Mortgages 459

Mortgages Construction New Construction Residential 459

Housing Wire

MAY 6, 2024

HUD also seeks to transition away from the discontinued Fannie Mae Form 1009, the residential loan application for reverse mortgages, to Form 1003, the Uniform Residential Loan Application (URLA). The associations also request that HUD give HECM lenders at least 120 days before implementing the new forms, the letter said.

VA loan 448

VA loan Principal Residential Loans 448

Housing Wire

OCTOBER 5, 2023

The real estate market in China, both commercial and residential, have been unwinding over the last few years. Now add in the most recent news of outright fraud and embezzlement by Evergrande executives, and there is a chance the sector will drag down an already slowing Chinese economy. However, even bad news often has a silver lining.

Marketing 459

Marketing Residential Investor New Construction 459

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. But housing completions rose 14.6% month over month.

Construction 459

Construction Staging New Construction MLS 459

Housing Wire

DECEMBER 6, 2024

Some popular real estate newsletter content includes: Market updates Featured listings Industry news Local news Community events Agent profiles Investment opportunities No matter what content you choose to include, your real estate newsletter should serve as a meaningful touchpoint that continuously builds your client relationships.

Pre-approval 397

Pre-approval Design Industrial Agents 397

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

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. million new hires for construction. Since the last housing bubble burst, when more than a million residential construction workers lost their jobs , a shortage has developed.

Construction 529

Construction Renovation New Construction Development 529

Housing Wire

NOVEMBER 15, 2023

He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real estate conditions before diving into forecasts for next year. In 2023, new-home sales are up 5% year to date, Yun said. The question is when are rates going to come down?

Sales 482

Sales New Construction Staging Mortgages 482

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

JUNE 27, 2023

Strong new home sales have gotten the new construction industry back on track to deliver much-needed inventory for this undersupplied market. They now supply about 30% of the residential sales market. 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

OCTOBER 6, 2023

But people need homes,” said Kenny Deen, senior account executive at the independent mortgage banker and residential home lender Paramount Residential Mortgage Group. ” Amid the challenging landscape, Guerin, from New Jersey-based AFR, said the company doubled its efforts to do more renovation loans.

Mortgages 493

Mortgages VA loan Finance Renovation 493

Housing Wire

OCTOBER 9, 2024

She has more than 25 years of real estate industry experience, and she specializes in lake properties and new construction. She is a certified home stager with experience in both residential and commercial real estate. “I’m very excited to be back and working with my esteemed colleagues,” Walsh said in a statement.

Agents 435

Agents Commercial New Construction Title 435

Housing Wire

NOVEMBER 14, 2023

“Shelter inflation has been coming down slowly since the summer, as new residential construction activity ramped up in 2023,” said Lisa Sturtevant, chief economist for Bright MLS. Even though shelter prices dropped to 0.3% the prior month, they’ve increased 6.7% On Tuesday, traders priced in a nearly 85.7%

New Construction 435

New Construction Construction MLS Residential 435

Housing Wire

NOVEMBER 7, 2024

With broad expertise across the residential spectrum, including single-family homes, mixed-use communities, and projects meeting local governments’ affordability requirements, we will benefit from Scott’s deep understanding of the homebuilding process as lack of supply and new construction issues persist in the U.S.

New Construction 370

New Construction Residential Construction Industrial 370

Housing Wire

FEBRUARY 23, 2024

The analysis is limited to resale properties and does not include new construction, which means that build-to-rent activity is excluded. New Western , meanwhile, also stood out as a marketplace for real estate investors. Purchase activity peaked in July, driven by a portfolio acquisition completed by Invitation Homes.

Investor 448

Investor New Construction Land Residential 448

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

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 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%.

Renovation 459

Renovation Development New Construction Land 459

Housing Wire

JULY 10, 2023

New construction starts and completions were both strong in May, which is welcome news. However, most projects underway in the month were 5+ multi-family units, as opposed to single-family residential units,” Walden said. Single family residential units account for just 40% of the total number of projects underway. “As

Principal 418

Principal Residential New Construction Land 418

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

JANUARY 6, 2022

An under-supplied market has strong implications for house prices, particularly during a time when prices seemingly set new records every month. An under-supplied market has strong implications for house prices, particularly during a time when prices seemingly set new records every month.

Construction 511

Construction New Construction Equity Sales 511

Housing Wire

OCTOBER 19, 2022

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. Department of Housing and Urban Development. year over year.

Construction 468

Construction New Construction Development Residential 468

Housing Wire

MAY 31, 2022

Among them are Geneva Financial , a mortgage lender headquartered in Arizona, which opened a branch location in Chicago, and New Western , a real estate investment firm, which also launched its first office in Chicago, marking its expansion with its 43rd office location in its 19th state. Department of Agriculture (USDA).

Mortgages 397

Mortgages Loans Lending Construction 397

Keeping Current Matters

MARCH 17, 2021

Unemployment was under 4% , forecasters were giddy with their projections for the economy, and the residential housing market had the strongest January and February activity in over a decade. Remarkably, the residential real estate market (including existing homes and new construction) has flourished over the last twelve months.

Construction 296

Construction New Construction Residential Industrial 296

Housing Wire

FEBRUARY 22, 2024

Balancing supply and demand is a delicate dance between new construction and existing properties. TF: VRM Mortgage Services (VRM) is an experienced residential and commercial real estate solutions provider, transcending conventional boundaries to deliver a spectrum of services beyond REO. territories.

Due diligence 435

Due diligence Marketing Mortgages New Construction 435

AAOA

APRIL 15, 2025

Heres a roadmap to help you leave behind the day-to-day grind and step into this new mindset. Take a moment to envision your ideal futurean empire where your focus is on strategic investments and new deals, not dealing with grumpy tenants or fixing broken appliances. Changing your way of thinking about a subject is a paradigm shift.

Residential 52

Residential Property Management Investor New Construction 52

Housing Wire

DECEMBER 20, 2022

. “The latest data on the housing market show that homebuilders are pulling back the pace of new construction in response to low levels of traffic, and we expect this weakness in demand will persist in 2023, as the U.S. retail residential mortgage applications. ” Uptick in applications . last week from 29.4%

Mortgages 435

Mortgages Fixed-rate mortgage Loans New Construction 435

Housing Wire

MAY 30, 2023

Low inventory , maintained by an extremely low level of new listings coming onto the market, has fueled demand amongst the few buyers who can afford to stay shopping. As inventory remains a challenge in this market, so too will affordability be rocked by stubbornly high prices that aren’t looking to move drastically any time soon. “As

Mortgages 435

Mortgages Fixed-rate mortgage Construction New Construction 435

Keeping Current Matters

JUNE 15, 2021

When it comes to new construction , builders are trying to do their part to bring more newly built homes into the market. In their Monthly New Residential Sales report , the United States Census Bureau states: “The seasonally?adjusted adjusted estimate of new houses for sale at the end of April was 316,000.

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New Construction Construction Residential Sales 318

Housing Wire

MAY 17, 2023

However, there was good news for single-family home builders as the pace at which permits were issued rose 3.1% Compared to the building boom in 2021 and 2022, “new construction has slowed considerably,” said Nicole Bachaud, Zillow’s senior economist. month over month to a pace of 1.416 million, thanks to a 9.7%

Construction 418

Construction New Construction MLS Development 418