Housing Wire

FEBRUARY 15, 2024

While “homeowner tenure” has fallen slightly since its 2020 peak, the length of time that homeowners are remaining in their properties doubled to 11.9 homeowner tenure by year using county records. It added that data on homeowner tenure by generation is compiled by analysis of the U.S. years last year, up from 6.5

New Construction 488

New Construction Construction Mortgages As-is 488

Housing Wire

SEPTEMBER 26, 2023

Homebuyers and homeowners in California have a reason to celebrate. In announcing their departure from the Golden State, the two major insurers cited the increased wildfire risks in the state and rising construction costs. Since the start of 2023, CAL FIRE and the U.S. That is not a sustainable model,” Scalone said.

Construction 448

Construction As-is Agents Marketing 448

Housing Wire

MARCH 26, 2024

The home equity prison Does this scenario sound familiar compared to the situations of the homeowners that you are encountering lately in your real estate business? If any of this resonates with your personal experience in the current market, you have officially entered the realm of interacting with homeowners in the post-pandemic economy.

Equity 459

Equity Loans Bankruptcy As-is 459

Keeping Current Matters

AUGUST 5, 2021

In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New Construction , which reported: “ 60% of people who were looking to buy a home in 2020 said they’d prefer new construction to an existing home. ”. Bottom Line.

New Construction 318

New Construction Construction Land As-is 318

Keeping Current Matters

AUGUST 26, 2020

With so few homes for sale and construction of newly built homes ramping up , you may be wondering if you should consider new construction in your search process. New Construction . With new construction, you’ll also have warranty options that may cover portions of your investment for the first few years. Existing Home.

New Construction 321

New Construction Construction Design As-is 321

Housing Wire

JANUARY 9, 2024

In the ongoing struggle for attainable housing, one positive development has been the increased availability of funding options for homeowners seeking to incorporate Accessory Dwelling Units (ADUs) into their properties. Draw structures for loans supporting new construction of ADUs, especially for prefab, are still “clunky.”

Finance 501

Finance Construction Loans Renovation 501

Housing Wire

MAY 22, 2023

“As such, housing demand has shifted further toward the new home market, bolstering builder optimism and the ESR Group’s single-family starts forecast,” the group said.

Construction 418

Construction Principal Sales Mortgages 418

Housing Wire

OCTOBER 18, 2023

Multigenerational housing gains steam to combat affordability pressures According to a recent survey conducted by OnePoll , 61% of homeowners cited multigenerational housing as their primary motivation for constructing an ADU. a garage or basement) or when modern offsite construction is used to build a new structure.

Construction 545

Construction Banks Closing Mortgages 545

Housing Wire

AUGUST 19, 2020

Buyer-generated content, including consumer reviews of builders, is now available on Zillow and will be viewable on builder profiles, community pages and paid new construction listings. In Zillows Consumer Housing Trends Report, it was revealed that 76% of new construction buyers say reputation is very or extremely important in a builder.

New Construction 525

New Construction Construction Design 525

Housing Wire

APRIL 2, 2021

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints. Labor Department.

Construction 514

Construction Residential Industrial Mortgages 514

Housing Wire

JUNE 6, 2024

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). Digital tools like the ADU Plans Gallery reduce the time and cost of building ADUs and accelerate housing construction.”

Construction 475

Construction Principal Design Equity 475

Housing Wire

AUGUST 16, 2023

The primary goal of the legislation and the AMAs was to ensure homeowners’ water needs were being met, by forcing builders and developers to obtain permission from the state before drilling for water. Arizona has long taken protective actions in the interest of water conservation.

Construction 370

Construction Agents Residential Development 370

Housing Wire

JULY 10, 2024

After enlisting a local architect who understood the needs of aging, a new ADU of 650 square feet was constructed after four years at a cost of roughly $400,000. San Jose, for instance, is allowing homeowners to sell ADUs on their properties as starter homes.

Mortgages 476

Mortgages Construction Renovation Loans 476

Housing Wire

MAY 20, 2024

home construction at the onset of the pandemic. Second, homeowners have been reluctant to sell their houses due to mortgage rates, which have reached a two-decade high point. We have a fair amount of new-construction homes for sale, and thank goodness we do,” Nicole Dege, a Redfin Premier agent in Orlando, said in the report.

Sales 468

Sales New Construction Construction Mortgages 468

Housing Wire

NOVEMBER 5, 2024

The surge in renter households is outpacing the growth of homeowners in the U.S., increase in homeowner households, which now total 86.9 Redfin cited the boom in multifamily construction over the past few years as one reason why rents have remained stable. as there are now a record 45.6 million renters. That was up 2.7%

Construction 417

Construction As-is Finance Marketing 417

Housing Wire

JUNE 6, 2023

All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. Chicago – Residential construction activity has been down modestly in this District.

Residential 459

Residential Construction Finance Sales 459

Housing Wire

DECEMBER 29, 2023

There wasn’t much competition from existing homeowners. 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.

Construction 476

Construction New Construction Lending Sales 476

Housing Wire

DECEMBER 7, 2020

months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. months, the builders are ok with construction as long as new home sales grow. Our homeowners on paper look better than ever. If supply goes over 6.5 Hard pass.

Construction 545

Construction Mortgages Sales Finance 545

Housing Wire

JULY 16, 2024

Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation. Department of Housing and Urban Development (HUD) announced $325 million in Choice Neighborhood grants for affordable housing construction and community development. Also on Tuesday, the U.S. since the start of the pandemic.

New Construction 488

New Construction Construction Land Development 488

Housing Wire

JANUARY 6, 2022

Homebuilders responded to the shortage of homes for sale, accelerating new home construction, even as they face severe supply-side challenges, including rising building material costs and supply-chain bottlenecks, a lack of affordable lots, and difficulty in finding skilled labor.

Construction 511

Construction New Construction Equity Sales 511

Housing Wire

NOVEMBER 4, 2024

An overdue shift in homeowner attitudes about selling their homes is a major factor, Redfin reported. Recently, the “lock-in effect” has kept homeowners with historically low-rate mortgages from selling, but this effect is easing. New construction inventory has grown in recent months. year over year in September.

As-is 370

As-is Marketing Construction New Construction 370

Housing Wire

MARCH 5, 2024

They include the reallocation of funds originally earmarked for relief from the economic impacts of the COVID-19 pandemic for affordable housing construction, as well as new provisions for the 2021 American Rescue Plan (ARP) Emergency Rental Assistance (ERA) program to clarify the use of such funds for affordable housing.

Construction 493

Construction Finance Land Design 493

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.” Lower rates will have a positive impact on affordability, Lisa Sturtevant, chief economist at Bright MLS, said in a statement.

Mortgages 511

Mortgages Fixed-rate mortgage MLS New Construction 511

Housing Wire

JANUARY 22, 2024

Construction Coverage , a company that reviews construction software, insurance, and financial products in order to assist property builders, recently released a new report taking a closer look at the divide between baby boomers’ and younger generations’ shares of metropolitan housing markets according to reporting at the Chicago Sun-Times.

Marketing 440

Marketing Construction Equity Mortgages 440

Housing Wire

OCTOBER 19, 2023

Incoming data shows that the construction of new homes rebounded in September but as rates keep rising, home builders appear to be losing confidence. As a result, we expect construction to trend down in the short-term,” he said. While high rates are stifling homebuyers, homebuilders are feeling the brunt as well, Khater noted.

Fixed-rate mortgage 493

Fixed-rate mortgage Mortgages Construction Loans 493

Housing Wire

OCTOBER 27, 2020

This year’s housing market has been plagued with low inventory, rising home prices, and endless bidding wars, making it hard for some would-be homeowners to get their foot in the door. Housing starts are expected to increase steadily in 2021, meaning more new construction properties should hit the market as we head into the year.

Construction 545

Construction New Construction Loans Mortgages 545

Housing Wire

SEPTEMBER 5, 2024

“A plurality of panelists suggested that hastening the construction permitting process would have the greatest positive impact on housing supply if broadly enacted, [followed] by expanding zoning for multifamily housing developments and enabling more ‘missing middle’ or ‘light touch density’ housing construction,” the survey results stated.

Construction 458

Construction Development Design Mortgages 458

Housing Wire

OCTOBER 24, 2024

Now Sandoval, who was featured earlier this year in a Wall Street Journal article , is the one knocking on the doors of homeowners facing foreclosure or other distressed circumstances. She wants to offer those homeowners the resources and care that her mom and stepdad didn’t experience. “I There is nothing like that face to face.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

Housing Wire

DECEMBER 2, 2020

Construction is starting to pick up, so that should help alleviate things in the housing market. It begs the question: why aren’t homeowners selling ? According to the data, more than a third of homeowners say general life uncertainty is the reason they’re not selling. It could offer homeowners a unique opportunity, too.

Marketing 488

Marketing Renovation Construction Mortgages 488

Housing Wire

MAY 27, 2021

Mortgage rates are down below three percent, continuing to offer many homeowners the potential to refinance and increase their monthly cash flow,” said Sam Khater, Freddie Mac’s chief economist. “In In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually.

Mortgages 488

Mortgages Fixed-rate mortgage Construction Sales 488

Housing Wire

AUGUST 29, 2024

These destination states have almost all had the highest rates of new construction in the country. Likewise, construction in a place like Ohio can be at a very slow pace, since the state has outbound migration. But when that migration stops, then the construction pace isn’t fast enough. Why outbound migration?

Construction 482

Construction New Construction Mortgages Marketing 482

Housing Wire

JANUARY 10, 2022

And if three hikes in the federal funds target come to pass, initial rates on ARMs, HELOCs and construction loans (often linked to the bank prime) will likely increase from one-half to three-quarters of a percentage point. for 30-year fixed-rate loans. 2022 should be a strong year for housing.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Housing Wire

NOVEMBER 28, 2023

So of course, all homeowners want the value of their property to be stable and even increase over time. This dynamic is the reason homeowners often want their politicians to suppress the building of new housing in their neighborhoods. The cost of labor has skyrocketed in recent years, driven by shortages in the construction workforce.

Land 490

Land Construction Real-estate owned Equity 490

Housing Wire

APRIL 5, 2024

The increase in new listings this spring, due both to new construction and to more homeowners choosing to sell, will give buyers more options and help to ease price growth. The housing train is slowing down just enough to give more first-time buyers an opportunity to hop on board,” Divounguy said.

Pre-approval 481

Pre-approval Marketing New Construction Construction 481

Housing Wire

DECEMBER 29, 2021

Housing permits are growing and this is a good thing for the economy and construction jobs. While I have never been a housing construction boom guy because mature economies typically don’t have a construction boom, the fact that permits are keeping their uptrend is a big positive for the United States of America.

Marketing 534

Marketing Equity Construction Bankruptcy 534

Housing Wire

OCTOBER 9, 2024

With the death toll from Helene crossing the grim milestone of 230 this week — and with thousands of impacted homes without flood insurance wiped away — this could lead to a ripple effect that drives homeowners insurance premiums even higher. That’s no longer the case. “I

Mortgages 459

Mortgages Fixed-rate mortgage Industrial Construction 459

Housing Wire

MAY 6, 2021

It’s also good for homeowners who may have missed prior opportunities to refinance and increase their monthly cash flow.”. “Consumer income and spending are picking up, which is leading to an acceleration in economic growth,” Khater said. But borrowers flush with cash are struggling to find a home to spend it on.

Mortgages 482

Mortgages Construction Closing As-is 482