Housing Wire

DECEMBER 16, 2021

Department of Housing and Urban Development and the U.S. Construction of single-family homes increased 11.3% million units, while the construction of multifamily units increased 12.9% ” HUD and the Census Bureau are attributing this increase in production to strong demand for new construction. They rose 11.8%

New Construction 493

New Construction Construction Residential Development 493

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. Department of Housing and Urban Development ( HUD ). month supply of new single-family homes, according to census and HUD data.

Sales 484

Sales New Construction Construction MLS 484

Housing Wire

MAY 16, 2024

A key conclusion is that while new construction creates additional supply for first-time and move-up buyers alike, it comes with an additional expense. While many metro areas currently offer an advantage where you can purchase a new construction home for a similar price or even less than the average area home, there is still a 23.8%

Sales 468

Sales New Construction Construction Finance 468

Housing Wire

JULY 16, 2024

Biden’s new plan would cap annual rent hikes at 5% for two years for landlords who manage 50 or more rental units, which the administration said would cover 20 million units, or roughly half of all rental units in the country. Exemptions would be provided to new construction and units with “substantial” renovation and rehabilitation.

New Construction 488

New Construction Construction Land Development 488

Housing Wire

OCTOBER 25, 2024

Ground-up construction growth will be high to meet the population growth and meet the demand due to limited inventory. New construction volume levels have increased to 10-year highs with a percentage share of 33%. Deephaven offers an advantage and competitive edge with our Ground-Up Construction loan.

Investor 448

Investor New Construction Construction Loans 448

Housing Wire

APRIL 8, 2024

It now faces a wave of mortgage maturities and payoffs on the thousands of affordable-housing complexes it has helped to finance over the years — with no new construction carried out under the program since 2012. I think in a healthy housing market, you have to have both new construction and preservation efforts,” Maxwell said. “We

New Construction 511

New Construction Finance Construction Mortgages 511

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. Census Bureau and the Department of Housing and Urban Development ( HUD ). In August, the sales pace of new homes fell 8.7% On a year-over-year basis, new home sales were up 5.8%.

As-is 511

As-is Sales New Construction MLS 511

Housing Wire

SEPTEMBER 27, 2023

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. Fueling this increase is new construction, according to Divounguy, even though the 1.3% Over the past year, the value of the U.S.

Marketing 521

Marketing New Construction Finance Construction 521

Housing Wire

MAY 25, 2022

While some buyers still enjoy finding their new construction home the old-fashioned way —spending a Saturday driving through neighborhoods — the National Association of Realtors (NAR) reports that 97% of homebuyers, regardless of age, use the internet in their home search.

New Construction 482

New Construction Construction Sales Industrial 482

Housing Wire

DECEMBER 19, 2023

New construction rose to a seasonally adjusted annual rate of 1,560,000, according to the U.S. Department of Housing and Urban Development and U.S. Single-family building activity drove November residential construction activity. Housing starts rose in November, significantly beating expectations. Census Bureau data.

Mortgages 459

Mortgages Construction New Construction Residential 459

Housing Wire

JANUARY 18, 2024

New construction starts fell to a seasonally adjusted annual rate of 1.460 million units, down 4.3% Department of Housing and Urban Development (HUD). Despite lower mortgage rates , housing starts ended the year on a downturn, after posting a large monthly gain in November. Census Bureau and the U.S. compared to a year prior.

New Construction 488

New Construction Principal Construction Mortgages 488

Inman

OCTOBER 10, 2023

Master the new construction niche, and grow your business by building relationships with builders and developers in your market.

Development 193

Development New Construction Construction Marketing 193

Housing Wire

MARCH 1, 2024

With existing inventory down, Schuler said new construction has taken on a larger role in his market. New construction has typically averaged around 10% of active listing inventory and in our area right now, new construction has ranged anywhere between 30% to 40% of inventory,” Schuler said.

Marketing 468

Marketing New Construction Construction As-is 468

Housing Wire

APRIL 25, 2024

Department of Housing and Urban Development (HUD) on Thursday detailed a series of actions and initiatives it has undertaken to bolster climate resiliency while supporting green housing initiatives that stem from Inflation Reduction Act funding and recently announced plans to combat the effects of extreme heat.

New Construction 473

New Construction Development Design Construction 473

Housing Wire

AUGUST 29, 2024

Inclusionary zoning: Policies at the local, state, and federal levels that support affordable housing development and provide financial assistance to low-income families are essential for ensuring housing stability and affordability. One notable approach is adaptive reuse, which involves repurposing existing buildings for new uses.

Development 459

Development Renovation New Construction Land 459

Housing Wire

SEPTEMBER 4, 2024

The plan also addresses environmental impact concerns of new construction, Rubio said, by paying attention to the floodplain of Portland’s urban center. The legislation also comes with a one-year freeze on the city’s system development charges, and fees have been reduced for certain permitting meetings.

Construction 446

Construction New Construction Finance Land 446

Housing Wire

APRIL 30, 2021

More than a quarter of single-family homes for sale during the first quarter were new-construction homes — nearly 26%, and March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin. A healthy housing market is considered roughly six months of supply.

New Construction 476

New Construction Construction Land Sales 476

Housing Wire

FEBRUARY 5, 2024

An estimated 668,000 new homes were sold in 2023, 4.2% Department of Housing and Urban Development. single-family homes for sale were new construction, similar to the percentage from a year earlier and good for the highest level of any fourth quarter on record. Census Bureau and the U.S.

New Construction 468

New Construction Construction Development Mortgages 468

Housing Wire

FEBRUARY 12, 2024

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions. residential mortgage market and housing-related assets.

Lending 452

Lending New Construction Construction Finance 452

Housing Wire

NOVEMBER 4, 2021

For career switchers looking for a new path that doesn’t necessarily require a college degree, they could do worse than the building trades. million new hires for construction. Since the last housing bubble burst, when more than a million residential construction workers lost their jobs , a shortage has developed.

Construction 529

Construction Renovation New Construction Development 529

Housing Wire

MAY 6, 2024

The associations also propose some language changes to the New Construction Subterranean Termite Service Record; the Builder’s Certification of Plans, Specifications, & Site; the HECM Anti-Churning Disclosure; and the condominium single-unit approval questionnaire to answer specific approval and detail issues that have been identified.

VA loan 448

VA loan Principal Residential Loans 448

Housing Wire

APRIL 25, 2023

New home sales posted yet another increase in March, rising 9.6% Census Bureau and the Department of Housing and Urban Development ( HUD ). 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%. This represents 7.6

Sales 435

Sales Construction New Construction Principal 435

Housing Wire

JANUARY 18, 2024

This is an encouraging development for the housing market and in particular first-time homebuyers who are sensitive to changes in housing affordability. Housing starts declined 9% in 2023, an indication that homebuyers looking to purchase a new construction home may continue to struggle with the lack of inventory this year.

Fixed-rate mortgage 532

Fixed-rate mortgage Mortgages New Construction Construction 532

Housing Wire

FEBRUARY 16, 2024

New construction starts fell to a seasonally adjusted annual rate of 1.331 million units, down 14.8% Department of Housing and Urban Development (HUD). Housing starts came in lower than estimates in the first month of the year, as the cold winter dampened activity. Census Bureau and the U.S. on an annual basis.

New Construction 460

New Construction MLS Construction Development 460

Housing Wire

MAY 20, 2024

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. Department of Housing and Urban Development (HUD). Second, homeowners have been reluctant to sell their houses due to mortgage rates, which have reached a two-decade high point.

Sales 468

Sales New Construction Construction Mortgages 468

Housing Wire

JUNE 27, 2023

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. Census Bureau and the Department of Housing and Urban Development. This has brought a resurgence to the new construction industry with sales rising and home builder confidence climbing.’

Sales 370

Sales New Construction Construction Residential 370

Housing Wire

NOVEMBER 27, 2023

In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). On a year-to-date basis, new home sales were up 9.5% below the revised September rate of 719,000 but is 17.7%

Sales 448

Sales New Construction Construction Closing costs 448

Housing Wire

AUGUST 13, 2024

A new report from John Burns Real Estate Consulting casts doubt on it, citing uneven geographic distribution of deregulations and the high cost of construction. As a result, the most impactful ADUs are in new construction.

Construction 435

Construction New Construction Equity Residential 435

Housing Wire

OCTOBER 25, 2023

Census Bureau and the Department of Housing and Urban Development ( HUD ). On a year-over-year basis, new home sales were up 33.9%. According to Alicia Huey, chairman of the National Association of Home Builders (NAHB), the lack of existing inventory is the reason why more homebuyers turn to new construction.

Sales 448

Sales New Construction Construction Finance 448

Housing Wire

FEBRUARY 29, 2024

Theoretically, new construction should be bolstered by the acute shortage of housing on the market,” Point2 said. However, with supply chain issues piling up and loan rates for builders continuing to rise, developers’ confidence is going in the opposite direction.

Construction 468

Construction New Construction Development Loans 468

Housing Wire

MAY 16, 2023

“While this is fueling cautious optimism among builders, they continue to face ongoing challenges to meet a growing demand for new construction. Lack of existing inventory continues to drive buyers to new construction,” Robert Dietz , the NAHB’s chief economist, said in a statement. “In That share from 2000-2019 was a 12.7%

New Construction 459

New Construction Construction Sales Staging 459

Housing Wire

MAY 23, 2023

The sales pace of new homes has also increased for the fifth consecutive month, according to data published on Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). In April, the sales pace of new homes rose 4.1% On a year-over-year basis, new home sales were up 11.8%.

New Construction 418

New Construction MLS Construction Sales 418

Housing Wire

SEPTEMBER 18, 2024

Department of Housing and Urban Development (HUD). Despite the mixed results, some economists are optimistic about the future of the new construction market. After falling in July, housing starts were back up again in August, according to data released Wednesday by the U.S. Census Bureau and the U.S. monthly and 6.2%

Marketing 488

Marketing Construction New Construction MLS 488

Housing Wire

DECEMBER 29, 2023

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. The business appears durable, too.

Construction 476

Construction New Construction Lending Sales 476

Housing Wire

JUNE 17, 2021

However, construction is still facing headwinds given permits for new developments by homebuilders dropped 3%, largely because lumber and building material costs kept prices high. That’s more than 50% above above the May 2020 rate — when the COVID-19 pandemic was at its height in the country — of 1.05

Sales 511

Sales VA loan FHA loan Loans 511

Housing Wire

SEPTEMBER 1, 2023

It replaces them with rules that permit rapid development and construction of new housing units, a move to address ballooning costs. The meetings with the community members — the folks who have actually experienced the displacement — are key to any decisions,” on new construction.

New Construction 418

New Construction Construction Land Development 418

Housing Wire

AUGUST 16, 2024

Department of Housing and Urban Development (HUD). “The large inventory of new homes is suppressing building at this point, but with mortgage rates dropping and likely to fall more, we should see a pick up in construction later this year,” Robert Frick, a corporate economist at Navy Federal Credit Union , said in a statement.

Construction 478

Construction New Construction MLS Residential 478