Housing Wire

AUGUST 2, 2024

The supply of new single-family homes is sinking, while accelerated multifamily construction is bringing more rental units online. These two factors have resulted in renter households growing at three times the rate of homeowner households, according to a new report from Redfin that crunched U.S. Census Bureau data back to 1994.

Construction 338

Construction As-is Marketing Sales 338

Housing Wire

FEBRUARY 28, 2024

Like many localities across the country, Marin County leaders describe a housing crisis in their area that they hope to alleviate through the construction of more ADUs. They especially aim to serve those undergoing life transitions, like seniors.

Construction 377

Construction Equity Mortgages Finance 377

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 385

Construction As-is Agents Marketing 385

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 331

New Construction Construction Land As-is 331

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 334

New Construction Construction Design As-is 334

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 393

Construction Principal Sales Mortgages 393

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 524

Construction Banks Closing Mortgages 524

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 510

New Construction Construction Design 510

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 443

Finance Construction Loans Renovation 443

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 511

Construction Residential Industrial Mortgages 511

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 446

Residential Construction Finance Sales 446

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 538

Construction Mortgages Sales Finance 538

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 509

Construction New Construction Equity Sales 509

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 476

New Construction Construction Land Development 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 420

Sales New Construction Construction Mortgages 420

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 419

Mortgages Construction Renovation Loans 419

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 508

Mortgages Fixed-rate mortgage MLS New Construction 508

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

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 384

Construction Principal Design Equity 384

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 473

Fixed-rate mortgage Mortgages Construction Loans 473

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 487

Marketing Renovation Construction Mortgages 487

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 487

Mortgages Fixed-rate mortgage Construction Sales 487

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

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 291

Construction Agents Residential Development 291

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 451

Construction New Construction Lending Sales 451

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 475

Construction New Construction Mortgages Marketing 475

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 478

Mortgages Construction Closing As-is 478

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 517

Marketing Equity Construction Bankruptcy 517

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 419

Bankruptcy Equity Hard money loan Finance 419

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 430

Construction Finance Land Design 430

Housing Wire

MARCH 10, 2023

In the Seattle area, there was a 250% ADU construction increase in 2022 compared to 2019. In Seattle, a report designed for City Council outlines that during 2022, permitted ADU construction increased to 988 total units — a sharp rise from the 280 ADU construction permits issued in 2019.

Construction 363

Construction Design As-is Industrial 363

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 323

Construction As-is Finance Marketing 323

Housing Wire

MAY 30, 2023

would amend the tax code to incentivize more homeowners to sell their houses, increasing the supply of homes available on the market. Currently, single homeowners who sell their home can only exclude $250,000 in gains from capital gains taxes while joint filers can exclude $500,000. Jimmy Panetta (D-Calif.) and Mike Kelly (R-Penn.),

Construction 482

Construction Loans Design As-is 482

Housing Wire

JANUARY 8, 2021

Closing costs include a commission fee that brokers charge at the end, of the mortgage process, which is why homeowners are encouraged to shop around for the right mortgage broker. Homeowner’s Insurance. Some lenders require homeowner’s purchase insurance before closing on the home. Mortgage Broker Fee .

Closing costs 531

Closing costs Closing Title search Title 531

Housing Wire

DECEMBER 3, 2020

Barbara Dopp, a Realtor with Keller Williams, Agents with a Smile , said that a homeowner who built a house in 2017 for $600,000 recently put it back on the market starting at $900,000. “We New construction continues to take more and more of our market,” Dopp said. “But last week, I listed a home for $1.17 We had offers up to $1.2

Marketing 534

Marketing New Construction Construction Principal 534

Housing Wire

DECEMBER 2, 2020

There was an increase of homeowners moving to the suburbs and rural areas this year as remote work became more common. Plus, construction starts are projected to increase 9% over 2020. However, even if new construction jumps at a 9% clip, it’s not enough to sap the continual rise in home prices.

Marketing 501

Marketing Construction New Construction Equity 501

Housing Wire

DECEMBER 1, 2021

McCord’s penalty is dwarfed by the $95 million that Cauthron found he cost local banks, financial institutions and homeowners, during his sentencing in the Western District of Oklahoma on Monday. McCord used escrow accounts, meant to pay homeowners’ taxes and insurance premiums, to cover his company’s operating expenses.

Mortgages 502

Mortgages Lending Banks Loans 502