Housing Wire

MARCH 7, 2025

First-time homebuyers stimulate sales, you know. New York (up 48 spots) ranked behind Philadelphia in terms of yearly improvement. Kenosha has always been kind of the engine in terms of real estate sales in southeast Wisconsin, she said. Our new listings have gone up slightly but not enough to keep up with demand.

Marketing 394

Marketing New Construction Construction Development 394

Housing Wire

APRIL 21, 2025

According to a new report from Redfin , 44.4% of home sales from January through March included concessions such as money toward repairs, closing costs or mortgage rate buydowns. McVay said concessions have become a strategic way for sellers to meet buyers financial needs without lowering their sale price. Thats up from 39.3%

Seller concession 427

Seller concession Purchase and sale agreement Closing costs New Construction 427

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 392

Construction Residential Sales New Construction 392

Housing Wire

JANUARY 16, 2025

The listings portal combined weekly data on for-sale listings in 2023 and 2024 for comparison. Compared to existing homes , new homes were much more likely to include HOA fees, In fact, 69.9% of new construction homes required buyers to pay HOA dues, compared to only 38.2% Realtor.com’s report found that 40.5%

New Construction 396

New Construction Construction Mortgages Sales 396

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 303

Purchase and sale agreement New Construction Construction Closing costs 303

Housing Wire

NOVEMBER 4, 2024

As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. NAR data shows that the annualized rate of existing-home sales dropped 1% from August to September, landing at 3.84 The sales pace was down 3.5% million units.

As-is 370

As-is Marketing Construction New Construction 370

Housing Wire

AUGUST 15, 2023

With strong demand and limited options for existing homes, many homebuyers are turning to new construction. Mortgage applications for new construction home purchases increased 35.5% According to MBA estimates, new single-family home sales were running at a seasonally adjusted annual rate of 677,000 units in July 2023.

New Construction 370

New Construction Construction FHA loan Mortgages 370

Housing Wire

FEBRUARY 13, 2024

We were down by about 30% in (home) sales last year, but generally our members are very optimistic that there is going to be a significant rebound this year.” While a lack of existing home inventory is certainly part of the problem, Ellison said that in Birmingham, agents and buyers are also facing a lack of new home inventory.

New Construction 435

New Construction Construction Agents Development 435

Housing Wire

OCTOBER 18, 2024

We had a good few months of positive builder confidence data for the new home sector and positive purchase application data for existing home sales. Anyone who thinks we are on the verge of a housing construction boom is kidding themselves, with the policy still this restrictive. recession isn’t far away.

Construction 379

Construction New Construction Residential Mortgages 379

Housing Wire

SEPTEMBER 14, 2023

Demand for newly constructed homes continues to remain high as existing for-sale inventory remains historically low. Mortgage applications for new home purchases increased 20.6% It indicates that a larger share of first-time homebuyers are active in the new home sales market. from 56,000 new home sales in July.

New Construction 418

New Construction Construction Mortgages VA loan 418

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. It’s a great question to ask, and one to look at from the pros and cons of what it means to buy a new home versus an existing one. New Construction .

New Construction 313

New Construction Construction Design As-is 313

Housing Wire

AUGUST 18, 2020

New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% jump from June , according to a new report from the U.S. Homebuilders have supported sales by drawing down existing inventories of homes previously started.

Construction 545

Construction New Construction Sales Mortgages 545

Housing Wire

FEBRUARY 24, 2023

New home sales started off 2023 on a positive note, rising 7.2% This marks the second consecutive month of increases and the strongest sales pace since March 2022. This marks the second consecutive month of increases and the strongest sales pace since March 2022. months of supply at the current sales pace, down from 8.7

Sales 459

Sales New Construction Construction Mortgages 459

Housing Wire

JANUARY 30, 2025

In this week’s episode of the Power House podcast, host and HousingWire President Diego Sanchez chats with Tom Davis , chief sales officer at Deephaven Mortgage. For example, 30% of purchase transactions were new construction last year. New construction has been 33% of all purchase transactions, right?

New Construction 294

New Construction Construction Marketing Investor 294

Housing Wire

MAY 16, 2024

As homebuyers continue to grapple with a lack of existing homes for sale, the market for new homes continues to see strong demand, and some areas of the country — including Sun Belt states — are producing new homes at a relatively rapid rate. In March the average home sale price in the U.S. SmartAsset noted that U.S.

Sales 468

Sales New Construction Construction Finance 468

Real Estate News

JUNE 21, 2024

The median sale price for existing homes hit a record $419,300 in May, NAR reported, but home sales were lackluster and new construction has cooled.

Construction 310

Construction Sales New Construction 310

Housing Wire

JANUARY 14, 2025

.” Nikol Solares Solares brings 20 years of experience in luxury development, new construction sales and marketing to her new role. Solares joins Compass from her most recent role as senior vice president of sales at Douglas Elliman , where she oversaw $2 billion in high-end inventory. .

Brokerage 370

Brokerage Development New Construction Agents 370

Marco Santarelli

JANUARY 22, 2025

The Florida housing market is undeniably hot right now, making headlines with a record-breaking $285 million new construction home hitting the market. According to Realtor.com , this ocean-to-lake estate is poised to shatter records as the most expensive new construction single-family home in the country. Absolutely not!

New Construction 98

New Construction Construction Pre-approval Design 98

Real Estate News

MAY 20, 2024

With many owners of existing homes hesitant to give up their low mortgage rates, new homes continue to account for an outsize share of the market.

New Construction 310

New Construction Construction Sales Mortgages 310

Housing Wire

MARCH 25, 2024

New-home sales receded slightly in February but continued to track above last year’s pace, reaching a seasonally adjusted annual rate of 662,000 last month, according to data published Monday by the U.S. decrease from the revised January rate of 664,000 sales, it also marks a 5.9% At the current sales pace, there is an 8.4-month

Sales 484

Sales New Construction Construction MLS 484

Housing Wire

DECEMBER 20, 2024

I think there would be even stronger growth and more stability in the market if we had more houses for sale, he added. It is encouraging to see some uptick in apartment construction in some of our larger communities. As the strain has become more apparent, businesses across the state have begun pushing for more diverse housing options.

Construction 432

Construction Land Development New Construction 432

Housing Wire

APRIL 25, 2023

New home sales posted yet another increase in March, rising 9.6% This is the fourth straight month of new home sales increases. On a year-over -year basis, however, new home sales are still down 3.4%. On a year-over -year basis, however, new home sales are still down 3.4%. This represents 7.6

Sales 435

Sales Construction New Construction Principal 435

Housing Wire

FEBRUARY 26, 2024

New-home sales reached a seasonally adjusted annual rate of 661,000 in January, according to data published Monday by the U.S. The uptick in new-home sales underscores the persistent strength of demand in the housing market despite the challenges posed by winter weather. At the current sales pace, there is an 8.3-month

Sales 459

Sales New Construction Construction Development 459

Housing Wire

SEPTEMBER 26, 2023

After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S. In August, the sales pace of new homes fell 8.7% On a year-over-year basis, new home sales were up 5.8%. At the current sales rate, this represents a supply of 7.8

As-is 511

As-is Sales New Construction MLS 511

Housing Wire

FEBRUARY 4, 2025

Simonsen: Do you have a take on your forecast for total home sales volume for 2025? Divounguy: We revised the sales number down slightly. Zillow thinks we’ll have more sales in 2025 than we had in 2023 and 2024. What that tells me is that we really need more housing supply coming from new construction.

New Construction 365

New Construction Mortgages Construction Sales 365

Housing Wire

MAY 20, 2024

The proportion of newly built homes for sale in the U.S. of single-family homes for sale in the first quarter, virtually unchanged from a year earlier and down slightly from a peak of 34.5% home construction at the onset of the pandemic. According to a Redfin report released Monday, newly built homes accounted for 33.4%

Sales 468

Sales New Construction Construction Mortgages 468

Housing Wire

JUNE 17, 2021

Mortgage applications for new home purchases fell 9% month-over-month in May at a seasonally unadjusted pace ? the second consecutive month sales of new homes have dropped, according to data released Thursday by the Mortgage Bankers Association. The official May home sales report is scheduled to release Wednesday, June 23.

Sales 511

Sales VA loan FHA loan Loans 511

Housing Wire

NOVEMBER 4, 2024

loanDepot has signed a new joint venture agreement with Smith Douglas Homes , a top-50 homebuilder with a solid book of business in the Southern states.

Purchase and sale agreement 303

Purchase and sale agreement Mortgages New Construction Lending 303

Housing Wire

NOVEMBER 27, 2023

New home sales fell on a month-over-month basis in October, but continued to outpace last year’s levels. Meanwhile, low supply and high mortgage rates continued to dampen existing home sales. In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S.

Sales 448

Sales New Construction Construction Closing costs 448

Housing Wire

NOVEMBER 30, 2023

Pending home sales in October fell to their lowest level since 2001. As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% As a result, NAR’s Pending Home Sales Index fell to a reading of 71.4, New home sales fell 5.6% down from 72.6 in September. above the previous year’s level.

Sales 497

Sales New Construction Construction Mortgages 497

Housing Wire

NOVEMBER 23, 2022

Today new home sales beat estimates , and new home median sales prices hit an all-time high. Hopefully, I can make sense of this report, which showed the home sales beat estimates with prices still at all-time highs. In theory, the sales levels are lower than the data will show. What is going on here?

Sales 488

Sales Construction New Construction Mortgages 488

Housing Wire

JUNE 23, 2021

Sales of newly built , single-family homes fell to the lowest pace in a year, down 5.9% Regionally, new home sales rose in two of the four regions in May. Sales grew 33% in the Northeast, 6.7% Against the backdrop of the COVID-19 pandemic, new home sales are still 9.2% months at the current sales rate.

Sales 476

Sales Construction New Construction Staging 476

Housing Wire

OCTOBER 25, 2023

New home sales figures exceeded projections in September despite mortgage rates at 23-year high, declining mortgage applications and waning builder confidence. In September, the sales pace of new homes picked up considerably, up 12.3% On a year-over-year basis, new home sales were up 33.9%. It is down 5.4%

Sales 448

Sales New Construction Construction Finance 448

Housing Wire

JUNE 27, 2023

New home sales in May rose 12.2% Sales of new single‐family houses came in at a seasonally adjusted annual rate of 763,000, according to estimates released jointly Tuesday by the U.S. They now supply about 30% of the residential sales market. The average sales price for new homes was $487,300.

Sales 370

Sales New Construction Construction Residential 370

Housing Wire

APRIL 27, 2023

For the first time since November 2022, pending home sales fell in March, posting a 5.2% The monthly drop resulted in the Pending Home Sales Index recording a reading of 78.9, The lack of housing inventory is a major constraint to rising sales,” Lawrence Yun , NAR’s chief economist, said in a statement. year over year.

Sales 459

Sales New Construction Construction Mortgages 459

Housing Wire

FEBRUARY 6, 2025

Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. Avoid financing, and you risk missing out on a sales growth opportunity. Construction loans Inventory levels in the real estate market arent what they used to be. Why is that important?

Loans 303

Loans Mortgages Equity Construction 303

Housing Wire

APRIL 18, 2024

Existing home sales slumped last month under the weight of elevated mortgage rates. Existing home sales receded by 4.3% Year over year, sales fell by 3.7%. Existing home sales posted a year-over-year price gain for the ninth consecutive month and reached the highest price ever for the month of March. million, down from 4.38

Sales 447

Sales New Construction MLS Construction 447