Housing Wire

JANUARY 24, 2025

Existing home sales finished 2024 on a high note after a dismal year for the housing market. The December report from the National Association of Realtors (NAR) shows existing-home sales at a seasonally adjusted annual rate of 4.24 Sales in 2024 finished at just 4.06 New construction has not been able to keep up with demand.

Sales 358

Sales New Construction MLS Construction 358

Housing Wire

DECEMBER 23, 2024

New home sales grew over last month in the latest Census report , but homebuilders are now facing a supply issue their inventory is building up. Monthly new home sales have been stagnant for the past two years. When mortgage rates decline, sales improve, but it becomes more challenging for builders and buyers when rates rise.

Residential 525

Residential Construction Sales Mortgages 525

Housing Wire

DECEMBER 18, 2024

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. Instead, the existing home sales market is more about transferring commissions rather than causing significant job losses in the economy.

Construction 509

Construction Residential Sales Mortgages 509

Housing Wire

NOVEMBER 19, 2024

We should note that existing home sales are in the third consecutive year of the lowest sales on record when you adjust to the workforce size. When it comes down to it, the supply and demand model works and new home sales currently today are still below levels we saw during the tech recession in 2001.

Construction 539

Construction Mortgages Land Sales 539

Housing Wire

FEBRUARY 11, 2025

Despite bolstering its construction activities and the availability of single-family homes , the state of Florida continues to endure shortages in its affordable housing stock that impact the workforce and retirees living on fixed incomes. Sales volume was also higher in the populous Southeast Florida counties and Orange County.

Construction 234

Construction Sales As-is Marketing 234

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. For the past two years, new home sales have ranged between 625,000-741,000.

Construction 392

Construction Residential Sales New Construction 392

Housing Wire

NOVEMBER 29, 2023

New home sales The seasonally adjusted annual rate of new single-family home sales in October landed at 679,000, according to data published on Monday by the U.S. The region was responsible for almost 65% of the adjusted rate of home sales, up about 10 percentage points from the same month in 2018.

Construction 448

Construction Sales Finance Land 448

Housing Wire

APRIL 21, 2025

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. According to a new report from Redfin , 44.4% Thats up from 39.3%

Seller concession 427

Seller concession Purchase and sale agreement Closing costs New Construction 427

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

JANUARY 17, 2024

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. Index values for most construction inputs are down from 2022 but remain above pre-pandemic levels. That could set the backdrop for a slower pace of construction.

Construction 488

Construction Land Residential Mortgages 488

Housing Wire

MARCH 7, 2025

First-time homebuyers stimulate sales, you know. Kenosha has always been kind of the engine in terms of real estate sales in southeast Wisconsin, she said. So that really kind of hinders our actual total sales and total closings. But our sale prices keep climbing and climbing year over year. They keep the market healthy.

Marketing 394

Marketing New Construction Construction Development 394

Housing Wire

JULY 24, 2024

Will the Federal Reserve pivot in time to save construction workers? This is key because, traditionally, residential construction workers are the first to lose their jobs before every recession since higher mortgage rates hit housing first. months at the current sales rate. percent (±14.6 percent (±15.2 Monthly supply: 9.3

Sales 488

Sales Construction Mortgages Staging 488

Housing Wire

OCTOBER 22, 2024

For-sale inventory of single-family homes is up 33% from a year ago. New pending sales are also on the rise, with the 60,000 homes going under contract last week representing a 9% increase from the same week last year and an 11% increase from the same week in 2022. 18 to 6.15% on Tuesday.

Mortgages 468

Mortgages Marketing Construction Sales 468

Housing Wire

JANUARY 17, 2025

range are positive to grow sales, whereas rates at 7% and above especially 7.50% or higher significantly impact the builder data. When analyzing new home sales data and housing starts, it’s important to remember this rule of thumb. The number of newly completed new homes for sale has risen to 120,000.

Mortgages 488

Mortgages Construction Sales As-is 488

Housing Wire

MAY 23, 2024

New home sales missed estimates , showing that demand isn’t crashing but not growing much either. However, we need to keep an eye on the housing construction data in this report because it has huge implications for the economic cycle, our recession risk and mortgage rates. months at the current sales rate. Today, even with 9.1

Sales 496

Sales Marketing Construction Residential 496

Housing Wire

DECEMBER 22, 2023

New home sales missed sales estimates , but the builders’ stocks have been roaring higher. Also, new home sales are notorious for big positive and negative prints that tend to get revised. For sale inventory and months’ supply : The seasonally adjusted estimate of new houses for sale at the end of November was 451,000.

Sales 529

Sales Mortgages Marketing Construction 529

Housing Wire

JANUARY 25, 2024

People say that housing leads the economy into a recession: this is true when new home sales and housing permits fall together. This is one reason I raised my fifth recession red flag for Housing on June 16, 2022 as I saw that higher mortgage rates would impact new home sales and housing permits. months at the current sales rate.

Sales 514

Sales Construction Mortgages Residential 514

Housing Wire

OCTOBER 25, 2024

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. Davis also highlights Deephaven’s edge in products like their Ground-Up Construction and Fix-and-Flip products, offering originators essential tools and training.

Investor 448

Investor New Construction Construction Loans 448

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 488

New Construction Construction Agents Marketing 488

Housing Wire

MAY 23, 2023

In a country with more than 330 million people, there are only 70,000 new homes available for sale today in the U.S. And with total active house listings in America near all-time lows, that is all we have for completed units for sale. housing market. Why have the homebuilders’ stocks done so well recently? percent (±11.8

Sales 525

Sales Construction Mortgages As-is 525

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. 2 (1,574 sales), with San Antonio at No.

Sales 468

Sales New Construction Construction Finance 468

Housing Wire

DECEMBER 20, 2024

The New Home Market Update from Zonda, a construction data provider, was released Friday. The builder survey contained responses like “there was a slower start to the month, but sales picked up after the election, and “the month started slow, but things picked up mid-month. Zonda reported a rebound in new-home sales.

Sales 390

Sales Construction Mortgages Marketing 390

Housing Wire

SEPTEMBER 26, 2023

New home sales missed estimates today but had three months of positive revisions, which continues the story of the builders managing the higher mortgage rate environment. But they still only have 76,000 completed units for sale today. As shown in the chart below, this sector has never provided many unoccupied new units for sale.

Sales 524

Sales Construction Mortgages As-is 524

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

JANUARY 22, 2025

Right now, more multifamily units are hitting the market than at any time in the past 50 years, but detached homes arent seeing the same surge in construction , Zillow chief economist Skylar Olsen said in a statement. An ongoing lack of supply of homes for sale is also fueling demand for rental units, Zillow reported.

Construction 448

Construction Mortgages Sales Marketing 448

Housing Wire

NOVEMBER 25, 2024

The instability in the housing market is evident in existing-home sales and home builder sentiment. decrease in existing-home sales, with a 2.8% Additionally, pending home sales in April dropped 7.7%, and year-over-year pending transactions fell 7.4%, indicating a persistent trend. year-over-year decline.

Construction 397

Construction Sales Marketing Mortgages 397

Housing Wire

NOVEMBER 27, 2023

In a country of more than 335 million people, with 157 million of those people working, we still only have 76,000 new homes available for sale as we head into December. Even in the worst housing bubble crash of our lifetime in 2008, the number of new homes for sale was under 200,000. months at the current sales rate.

Sales 482

Sales Construction Mortgages As-is 482

Housing Wire

APRIL 25, 2023

Don’t they know the new home sales apocalypse is here? According to this theory, we have more homes under construction than any time in history. And here is a case in point: New home sales came in Tuesday at a big beat of estimates, but the real story is one about supply and demand. months at the current sales rate.

Sales 501

Sales Construction Mortgages As-is 501

Housing Wire

OCTOBER 18, 2023

However, permits for future construction recorded a 4.4% To boost sales, builders have been offering different concessions such as upgrades or buying down mortgage rates. “Slower construction activity in the Northeast could reflect cooler demand as well as challenges builders face in finding availability lots,” she said.

Construction 468

Construction Development MLS Mortgages 468

Housing Wire

JANUARY 3, 2023

Pending home sales fell for the sixth consecutive month in November, recording a 4.0% Falling home sales and construction have hurt broader economic activity.”. Year over year, the Pending Home Sales Index was down 37.8%, marking the 18 th consecutive month of annual declines.

Sales 511

Sales Construction Mortgages Marketing 511

Housing Wire

JANUARY 16, 2025

The listings portal combined weekly data on for-sale listings in 2023 and 2024 for comparison. 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. of listings required them.

New Construction 396

New Construction Construction Mortgages Sales 396

Housing Wire

JANUARY 26, 2024

Pending home sales rose 8.3% It was the largest monthly jump in pending home sales since 2020. NAR’s Pending Home Sales Index (PHSI) increased to 77.3 On a year-over-year basis, pending sales were up 1.3%. “Job Regional data Pending home sales improved most significantly in the West, South and Midwest in December.

Sales 482

Sales Construction Mortgages Marketing 482

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

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

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

JULY 24, 2024

Census Bureau ’s new-home sales report for June, which shows the level of transactions falling to a seasonally adjusted annual rate of 617,000. month over month, and it’s the second month in a row that the pace of home sales has fallen. The drop in sales is causing a rapid rise in unsold inventory. That’s according to the U.S.

Sales 459

Sales Construction Mortgages Marketing 459

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