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 475

Construction Development Investor As-is 475

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

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 471

Sales Construction Mortgages Residential 471

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 458

Construction Staging New Construction MLS 458

Housing Wire

MARCH 31, 2025

“We need solutions that protect homeowners without pricing them out.” “We need solutions that protect homeowners without pricing them out.”

Construction 448

Construction Development Marketing As-is 448

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 506

Construction Mortgages Residential As-is 506

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 487

New Construction Construction Agents Marketing 487

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 445

Construction Commercial Land Development 445

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

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

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

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 18, 2025

Todays new construction report from the Census Bureau showed month-to-month growth in housing starts, but falling housing permits. However, employment for residential construction workers hasnt fallen at all, even with the decline in housing starts and permits. Why haven’t the homebuilders started doing layoffs?

Construction 384

Construction Residential Sales New Construction 384

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 461

Construction Renovation Principal Development 461

Housing Wire

APRIL 18, 2025

Navigating the home buying process often begins with deciding between a new build or an existing homeand while new construction offers exciting possibilities, it also comes with unique challenges. New builds come with builder warranties and construction quality may vary due to labor shortages, and delays can occur.

Purchase and sale agreement 295

Purchase and sale agreement New Construction Construction Closing costs 295

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 338

Construction New Construction Closing As-is 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 395

Residential Construction MLS Mortgages 395

Housing Wire

JULY 29, 2024

Senate and House of Representatives have reintroduced a bill designed to address housing issues by rehabilitating or constructing millions of additional units in an effort to bring down costs for renters and homeowners. A coalition of Democratic lawmakers in the U.S.

Land 473

Land Construction Equity Banks 473

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 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 415

Construction As-is Finance Marketing 415

Housing Wire

DECEMBER 20, 2024

It is encouraging to see some uptick in apartment construction in some of our larger communities. Underlying issues Despite this progress, Dapice and others are frustrated by the lack of new construction especially starter homes in the state. They want to attract younger employees, including recent college graduates.

Construction 430

Construction Land Development New Construction 430

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 396

Construction Land Development As-is 396

Housing Wire

APRIL 3, 2025

One important data point that we consistently monitor in the jobs report released on Friday which plays a vital role in my recession model is the number of residential construction workers. Last month, we did not see growth in this area, which presents an opportunity to analyze the factors behind this trend.

Mortgages 533

Mortgages Residential Construction As-is 533

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 248

Construction Land As-is Marketing 248

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 392

Marketing New Construction Construction Development 392

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 396

New Construction Construction Mortgages Sales 396

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 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 375

Mortgages Marketing Residential Construction 375

Housing Wire

APRIL 3, 2025

Builders face less competition due to the chronic housing shortage made worse by the sellers strike, but their construction costs have increased significantly. They also have to navigate regulatory restrictions , making it difficult to scale up construction to meet growing demand, let alone reduce the overall housing supply shortage.

Sales 312

Sales Construction Marketing As-is 312

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 286

New Construction Construction Marketing Investor 286

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