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

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% Department of Housing and Urban Development (HUD). According to a Redfin report released Monday, newly built homes accounted for 33.4%

Sales 468

Sales New Construction Construction Mortgages 468

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

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

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% Census Bureau and the Department of Housing and Urban Development ( HUD ).

Sales 448

Sales New Construction Construction Finance 448

Housing Wire

JUNE 23, 2021

Sales of newly built , single-family homes fell to the lowest pace in a year, down 5.9% in May to a 769,000 seasonally adjusted annual rate, according to data released Wednesday by the Department of Housing and Urban Development and the U.S. Regionally, new home sales rose in two of the four regions in May. Census Bureau.

Sales 476

Sales Construction New Construction Staging 476

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. Census Bureau and the Department of Housing and Urban Development. They now supply about 30% of the residential sales market.

Sales 370

Sales New Construction Construction Residential 370

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. Census Bureau and the Department of Housing and Urban Development. What is going on here?

Sales 488

Sales Construction New Construction Mortgages 488

Housing Wire

JANUARY 26, 2023

New home sales increased in December — a sign that new residential sales have continued to rebound in recent months. Last month, new home sales increased by 2.3% Census Bureau and the Department of Housing and Urban Development (HUD). decline year over year. “The

Sales 418

Sales Residential Construction New Construction 418

Housing Wire

JULY 26, 2023

Despite yet another increase in homebuilder sentiment , the sales pace of new homes declined month over month in June, according to data published on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). In June, the sales pace of new homes fell 2.5% compared to June 2022.

Sales 370

Sales New Construction Marketing Construction 370

Housing Wire

OCTOBER 26, 2022

The new single-family home sales rollercoaster ride continues. After rebounding in August from a drop in July, new home sales were back down again in September, according to data released Wednesday by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. from August and 17.6%

Sales 369

Sales New Construction Investor MLS 369

Housing Wire

SEPTEMBER 27, 2023

Fueling this increase is new construction, according to Divounguy, even though the 1.3% A steady flow of new homes have hit the market this spring and summer, as homebuilders worked diligently to remedy the housing inventory shortage. Additionally, nearly 16% of total home sales in August were new homes.

Marketing 521

Marketing New Construction Finance Construction 521

Housing Wire

MARCH 23, 2022

month-over-month in January , new home sales were down again in February, decreasing 2.0% Department of Housing and Urban Development and the U.S. Year-over-year, new home sales were down 6.2% At the end of February, an estimated 407,000 new homes were still for sale, which at the current sales rate represents a 6.3

Sales 397

Sales Construction Mortgages Finance 397

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

JULY 18, 2023

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. This is the index’s highest reading since June 2022.

Sales 370

Sales Construction New Construction Finance 370

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

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.” With existing inventory down, Schuler said new construction has taken on a larger role in his market.

Marketing 468

Marketing New Construction Construction As-is 468

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. million and 7.3

Construction 476

Construction New Construction Lending Sales 476

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% In April, the sales pace of new homes rose 4.1%

New Construction 418

New Construction MLS Construction Sales 418

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. Ground-up construction growth will be high to meet the population growth and meet the demand due to limited inventory.

Investor 448

Investor New Construction Construction Loans 448

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. But new builds are still an option for many throughout the country, Marr said.

New Construction 476

New Construction Construction Land Sales 476

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. Despite the elevated mortgage rates , homebuilders’ sales have increased this year.

Mortgages 459

Mortgages Construction New Construction Residential 459

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. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale,” said Sam Khater, Freddie Mac’s chief economist.

Fixed-rate mortgage 532

Fixed-rate mortgage Mortgages New Construction Construction 532

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

Housing Wire

SEPTEMBER 28, 2022

After a sharp decline in July , new home sales rebounded in August, according to data released Tuesday by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Sales of new single-family homes in August were at a seasonally adjust annual rate of 685,000, up 28.8%, but down 0.1% Census Bureau.

Sales 284

Sales Construction New Construction MLS 284

Housing Wire

MAY 16, 2023

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. That share from 2000-2019 was a 12.7%

New Construction 459

New Construction Construction Sales Staging 459

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 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). New starts in the Northeast and the Midwest fell 20.6% Housing starts came in lower than estimates in the first month of the year, as the cold winter dampened activity.

New Construction 464

New Construction MLS Construction Development 464

Housing Wire

FEBRUARY 29, 2024

“Coupled with the fact that new single family homes are dropping, this could point to a shift towards bolstering the rental sector rather than relieving the pressure on the homes for sale front.” The total number of homes under construction fell by 9% in 2023 while the number of permits dropped 11% year over year.

Construction 468

Construction New Construction Development Loans 468

Keeping Current Matters

AUGUST 9, 2021

Home purchases and sales are significant drivers of economic activity. The National Association of Realtors (NAR) releases a report each year that highlights just how much economic activity a home sale generates. The post The Community and Economic Impacts of a Home Sale appeared first on Keeping Current Matters.

Sales 310

Sales Staging Construction Land 310

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 501

Finance Construction Loans Renovation 501

Housing Wire

FEBRUARY 8, 2022

This development did not occur overnight: Over the past 20 years, we have “underbuilt” housing by at least 5.5 Supply-side” solutions that focus on new construction and the preservation of the existing housing stock are equally important. The supply of homes for sale is limited as well. million homes. since 2008.

New Construction 370

New Construction Construction Development Land 370

Housing Wire

AUGUST 22, 2022

“The slide in purchase applications for new homes – now down for the fourth consecutive month and 16% lower than a year ago – is consistent with data on declining homebuilder sentiment and slowing permitting activity for new construction.”. from the revised 56,000 new home sales in June. Census Bureau and the U.S.

VA loan 370

VA loan FHA loan New Construction Loans 370

Housing Wire

JUNE 6, 2023

“Residential real estate activity picked up in most Districts despite continued low inventories of homes for sale,” the report states. In return, the lack of inventory of homes for sale pushed demand for rental properties in some areas — including New York, Chicago, St. Louis, Kansas City Federal Reserve districts.

Residential 459

Residential Construction Finance Sales 459

Housing Wire

JANUARY 23, 2024

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers.

Agents 476

Agents Equity New Construction Days on market 476

Housing Wire

AUGUST 20, 2020

A new report from the National Association of Home Builders shows confidence in the market for new multifamily housing increased in the second quarter but still remains weak. Furthermore, builder and developers are still facing challenges with material costs.”.

Development 505

Development Sales Marketing As-is 505

Housing Wire

JULY 19, 2023

single-family homebuilding fell in June, but permits for future construction rose to a 12-month high on the weakness of the existing home sales market. In June, only 600,000 existing homes were listed for sale across the U.S., The decline in housing starts came after a massive 18.7% million, under economists’ expectations for 1.48

Construction 370

Construction New Construction MLS Lending 370