Housing Wire

DECEMBER 18, 2024

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. However, despite these challenges, we have not lost our labor pool of construction workers. They say housing leads the economy in and out of a recession.

Construction 511

Construction Residential Sales Mortgages 511

Housing Wire

JANUARY 27, 2025

Additionally, there are 268,000 homes currently under construction. Furthermore, there remains a record high of 108,000 homes that builders have not yet started constructing, all while mortgage rates remain above 7%. Rates below 6% could lead to increased housing construction and more permits being issued. Could things improve?

Sales 490

Sales Construction Mortgages Residential 490

Housing Wire

DECEMBER 23, 2024

This situation poses a risk to construction labor in 2025. Is 2025 the first year we start losing residential construction jobs? Earlier this year, mortgage rates were trending at 7.50%; during that time, we received one negative monthly residential construction labor report. This issue extends beyond just housing.

Residential 525

Residential Construction Sales Mortgages 525

Housing Wire

APRIL 26, 2024

Department of Agriculture (USDA) have settled on new energy-efficiency standards for the construction of new single-family and multifamily homes. The “Adoption of Energy Efficiency Standards for New Construction of HUD- and USDA-Financed Housing” was published on Friday in the Federal Register, and will go into effect on May 28.

New Construction 501

New Construction Construction Development Finance 501

Housing Wire

MAY 14, 2024

As a result, some homebuilders have doubled down on the construction of built-to-rent (BTR) homes. The momentum is continuing as another 99,000 BTR homes are under construction in 2024, although the breakneck pace is expected to ease in 2025. Meanwhile, investors are flocking to the BTR sector.

Construction 476

Construction Development Investor As-is 476

Housing Wire

JULY 19, 2024

Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We The company has an in-house construction servicing and valuation team “to ensure best-in-class customer experiences and comprehensive portfolio monitoring,“ according to its announcement. “We

Construction 459

Construction Development Loans Lending 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% compared to September 2023.

Construction 459

Construction Staging New Construction MLS 459

Housing Wire

NOVEMBER 19, 2024

A lower Fed funds rate can assist with land purchases and apartment construction, but that process would take considerable time before we see any development. The key takeaway from today’s housing data is that there simply isn’t enough demand to justify additional construction — at least as far as the builders are concerned.

Construction 539

Construction Mortgages Land Sales 539

Housing Wire

JULY 17, 2024

Higher mortgage rates have increased recession risk by targeting the one sector that always falls before every recession: residential construction workers. Housing completion data is picking up and the faster the builders finish their historic backlog of homes, the sooner construction workers are unemployed. This is 10.1 percent (±10.6

Construction 508

Construction Mortgages Residential As-is 508

Housing Wire

OCTOBER 15, 2024

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.

New Construction 488

New Construction Construction Agents Marketing 488

Housing Wire

MARCH 31, 2025

As much of the nation continues to reckon with critical shortages to housing inventory that exacerbate affordability woes, housing advocates in California are seeking to exempt homebuilding projects in urban areas from being subjected to a key climate law that critics say has slowed construction.

Construction 312

Construction Land As-is Marketing 312

Housing Wire

JANUARY 9, 2025

Bruce Harrell Last year, Harrell introduced a bold plan that would aim to double the citys zoning capacity, which City Hall said could lead to the construction of 80,000 additional homes by 2044. He is also looking to create 30 neighborhood centers that could allow for the construction of five-story apartment complexes.

Construction 448

Construction Commercial Land Development 448

Housing Wire

MARCH 10, 2025

This was driven by an increase in both single-family and multifamily construction. Importantly, new construction activity outpaced household formations for the first time since 2016. .” The company’s analysis found that in 2024, home completions grew to 1.6 million, the highest level in nearly two decades.

Construction 361

Construction New Construction Closing As-is 361

Housing Wire

JANUARY 16, 2025

” Residential construction workers are at risk of facing job losses for the first time in this recovery yet the Fed often takes a hawkish stance in its statements at key points, which tends to drive mortgage rates higher. It’s not falling.”

Mortgages 511

Mortgages Residential Construction Marketing 511

Housing Wire

OCTOBER 24, 2024

We had no growth in residential construction work hiring earlier in the year when rates were higher. I recently raised this concern about housing construction and new home sales in an interview on CNBC. Today’s report shows that 258,000 homes are under construction, which amounts to 4.2 Then mortgage rates fell from 7.5%

Sales 488

Sales Construction Mortgages Residential 488

Housing Wire

OCTOBER 25, 2024

Davis also highlights Deephaven’s edge in products like their Ground-Up Construction and Fix-and-Flip products, offering originators essential tools and training. HW : We’re seeing an uptick in ground-up construction. Ground-up construction growth will be high to meet the population growth and meet the demand due to limited inventory.

Investor 448

Investor New Construction Construction Loans 448

Housing Wire

MARCH 7, 2025

economy can withstand job losses in the government sector, reduced spending in the economy, and a housing market on the brink of losing residential construction projects. This leads us back to the private sector and residential construction jobs. In the coming months, we will see if the U.S.

Mortgages 439

Mortgages Marketing Residential Construction 439

Housing Wire

OCTOBER 21, 2024

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. The construction figure in Florida far exceeds the next most prominent states. million built in total in that period, the First Street analysis found.”

Construction 497

Construction Development Finance Mortgages 497

Housing Wire

JULY 22, 2024

HUD encourages existing CoCs to use awarded funds for construction, acquisition or rehabilitation of additional PSH units with other funding sources, so that the amount of housing can be “maximized” to “meet the needs of individuals and families experiencing homelessness,” HUD said.

Construction 473

Construction Renovation Principal Development 473

Housing Wire

JANUARY 16, 2025

Using growth indicators that measure upcoming construction and development, southern metros take eight spots in the top 10 list. in new construction, 7.2% The fires are also projected to slow construction growth as the area starts the rebuilding process. The top three metros are Lakeland, Florida. Lakeland measured 4.6%

New Construction 370

New Construction Marketing Land Construction 370

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters.

Construction 535

Construction Closing costs Renovation Title 535

Housing Wire

OCTOBER 18, 2024

Anyone who thinks we are on the verge of a housing construction boom is kidding themselves, with the policy still this restrictive. Now, over time, the falling Fed funds rate can create better demand for apartment construction, but that’s not today, my friends. recession isn’t far away.

Construction 379

Construction New Construction Residential Mortgages 379

Housing Wire

MARCH 7, 2025

I think that we’ve underbuilt for 13 years in this country and in this state, so definitely, new construction is in order, she said. I’m just concerned about the price of new construction when we rely so much on imported goods for building these homes. That would definitely help with the sale pricing of new construction.

Marketing 388

Marketing New Construction Construction Development 388

Housing Wire

JANUARY 30, 2025

For example, 30% of purchase transactions were new construction last year. If you’re a loan officer, you should have a construction product that focuses on builders, developers and Realtors. And, its focusing on areas like construction, non-QM, the fix-and-flip and second lien production.

New Construction 338

New Construction Construction Marketing Equity 338

Housing Wire

JANUARY 10, 2025

The construction sector showed little month-over-month change, adding just 8,000 jobs. Residential building construction added 3,500 jobs from November, while residential specialty trade contractors added just 500 positions.

Residential 397

Residential Construction MLS Mortgages 397

Housing Wire

NOVEMBER 5, 2024

Redfin cited the boom in multifamily construction over the past few years as one reason why rents have remained stable. The surge in multifamily construction addressed demand in certain regions, particularly in the Sun Belt states, but builders are now slowing down.

Construction 418

Construction As-is Finance Marketing 418

Housing Wire

JANUARY 17, 2025

While new construction picked up between November and December, there are still headwinds in the homebuilding sector, Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. While economists are happy with the level of construction in 2024, they say there is still work to be done.

Construction 397

Construction New Construction MLS As-is 397

Housing Wire

NOVEMBER 29, 2024

New-home construction in the U.S. StorageCafe describes this discrepancy as the “missing middle,” and analysts blame zoning laws and rising construction costs. has focused on single-family and multifamily inventory growth to boost supply and affordability. One Texas city has something to say about that.

Construction 397

Construction Land Development As-is 397

Housing Wire

JANUARY 16, 2025

of new construction homes required buyers to pay HOA dues, compared to only 38.2% The company also said that new-construction communities often require less maintenance compared to their older counterparts. Realtor.com noted that certain home types stood out in terms of HOA fee requirements. of existing homes.

New Construction 397

New Construction Construction Mortgages Sales 397

Housing Wire

OCTOBER 22, 2024

” Last week, following the release of construction data for September from the U.S. . “The current pending sales got a boost from lower mortgage rates last month, but those mortgage gains are gone now. This progress is just good enough to show some year-over-year gains and it may be fleeting.”

Mortgages 468

Mortgages Marketing Construction Sales 468

Housing Wire

MARCH 24, 2025

It excludes new construction homes , foreclosure sales, auction sales, non-arms-length transactions, bank/corporate/government acquisitions, invalid quit claims and outlier sale prices (defined as below $10,000 or above $10 million). It further narrowed the subset of off-MLS transactions to those with a previously recorded sale on the MLS.

MLS 501

MLS Sales New Construction Construction 501

Housing Wire

JANUARY 10, 2025

The key data line for me in this part of the economic cycle is residential construction jobs , and while that data is not growing much anymore, its not declining, as we can see below. If the residential construction worker jobs decline, that can push us to a higher unemployment rate since we already have job losses in this sector.

Mortgages 488

Mortgages Residential Construction As-is 488

Housing Wire

NOVEMBER 4, 2024

New construction inventory has grown in recent months. Homebuilders have backed off since the pandemic-driven building boom, with high mortgage rates dampening demand; they’re focused on selling the new homes they have on the books rather than constructing new ones,” Redfin noted in the report. year over year in September.

As-is 370

As-is Marketing Construction New Construction 370

Inman

MARCH 21, 2025

Commercial construction technology company BuildOps has arrived at unicorn" status a valuation of $1 billion upon closing a Series C round of funding totaling $127 million.

Construction 100

Construction Commercial Technology Closing 100

Housing Wire

NOVEMBER 25, 2024

Construction remains insufficient to meet demand after 15 years of under-building. This lack of confidence is driven by the Federal Reserve ’s signals that it will consider only one potential interest rate cut this year, as well as stalled progress in reducing inflation and consistently high construction costs. year-over-year decline.

Construction 397

Construction Sales Marketing Mortgages 397

Housing Wire

MARCH 25, 2025

Global investment bank Cambridge Wilkinson today announced the closing of a forward flow agreement up to $100 million for a private real estate lending platform specializing in short-term bridge , fix-and-flip, construction and land development loans.

Lending 300

Lending Equity Banks Construction 300

Housing Wire

NOVEMBER 26, 2024

However, it’s important to understand that housing starts are currently at recession levels because mortgage rates are too high to encourage new housing construction. For now, though, the pressing issue is whether mortgage rates can drop low enough to keep construction workers employed once the backlog of homes is completed.

Sales 501

Sales Construction Mortgages Development 501