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The Southern housing markets poised to become boomtowns

Housing Wire

Using growth indicators that measure upcoming construction and development, southern metros take eight spots in the top 10 list. in new construction, 7.2% in land use change, 0.8% in builder/developer land, 4% in recent build and 1.1% The top three metros are Lakeland, Florida. Lakeland measured 4.6%

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New construction vs. resale homes: How agents can guide buyers in today’s market

Housing Wire

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.

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Southern construction boom is aiding housing affordability

Housing Wire

But increased activity in residential construction , particularly in the South, is helping to alleviate affordability challenges in certain regions, according to ananalysis from First American Financial Corp. This construction boom is contributing to slower home-price appreciation and, in some cases, price declines. Census Bureau data.

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How New Hampshire is looking to alleviate its housing crisis

Housing Wire

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.

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As the lock-in effect eases, the market for new homes is shrinking

Housing Wire

NAR data shows that the annualized rate of existing-home sales dropped 1% from August to September, landing at 3.84 New construction inventory has grown in recent months. Homebuilders have ramped up incentives — like mortgage rate buydowns and cash rebates — to boost sales, and new-home sales rose 6.3% million units.

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Housing production and land regulation expert explores potential affordability solutions

Housing Wire

Salim Furth joins Simonsen to share his expert opinions on the current housing crisis and the various factors that impact new development in certain cities. His research focuses on housing production and land usage at the local level. Higher construction costs create a shortage of listings and vice versa.

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Kiavi lands another $300M in its latest RTL securitization

Housing Wire

It also launched a new construction financing product for builders. The company reportedly originated $6.5 billion in loan volume last year, up 46% from 2023. Kiavi also said it boosted its active customer base to more than 5,500, up 30% from 2023. Kiavi has funded more than $23 billion in loans since its inception.

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