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% in August on a year-over-year basis. Compared to July 2023, applications increased by 4%.

New Construction 418

New Construction Construction Mortgages VA loan 418

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. This USDA program, however, is in serious trouble. The LIHTC program, administered through the U.S.

New Construction 511

New Construction Finance Construction Mortgages 511

Housing Wire

NOVEMBER 4, 2024

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% year over year in September.

As-is 370

As-is Marketing Construction New Construction 370

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 16, 2024

A study released Thursday by fintech and personal finance website SmartAsset delved into Zillow data on new home sales. 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. In March the average home sale price in the U.S.

Sales 468

Sales New Construction Construction Finance 468

Housing Wire

FEBRUARY 13, 2025

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.

Land 259

Land Investor Principal New Construction 259

Housing Wire

APRIL 5, 2024

“Attractive homes are moving fast, so those looking to buy this spring should get their finances in order now, including getting pre-approved for a home loan. The increase in new listings this spring, due both to new construction and to more homeowners choosing to sell, will give buyers more options and help to ease price growth.

Pre-approval 482

Pre-approval Marketing New Construction Construction 482

Housing Wire

JULY 9, 2024

This transition is said to build on other recent efforts by FHLBank Chicago to expand the availability of mortgage financing. VantageScore claims that the 4.0 system scores 33 million more people than more traditional credit scoring models, including 2.4 that use trended credit bureau data.

Banks 420

Banks Finance New Construction Construction 420

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 25, 2024

Additionally, mortgage applications for new homes surged in February as a lack of existing homes for sale continued to fuel the demand for new construction. But a slight uptick in mortgage rates held back the pace of new home sales in February, according to NAHB chief economist Robert Dietz. from a year ago.

Sales 487

Sales New Construction Construction MLS 487

Housing Wire

FEBRUARY 24, 2023

The uptick in the sales pace resulted in just 439,000 new homes remaining on the market at the end of the month, representing 7.9 The backlog of new construction homes continues to emerge into the market just in time for the spring shopping season,” Nicole Bachaud, Zillow ’s senior economist, said in a statement.

Sales 459

Sales New Construction Construction Mortgages 459

Housing Wire

FEBRUARY 12, 2024

Proprietary Capital expects to add products and gain market share across all channels after the ARF acquisition, the company said in a statement.

Lending 457

Lending New Construction Construction Finance 457

Housing Wire

SEPTEMBER 25, 2024

In Florida, new housing inventory has not grown significantly: the number of newly listed homes stands at 43,081, an 8.8% Florida is a top state for new residential construction, yet Florida homebuilders haven’t reported significant strides in new construction sales either. What does this mean for the future?

Investor 448

Investor New Construction Construction Residential 448

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 council has begun exploring the establishment of new tax increment financing districts in these areas.

Construction 448

Construction New Construction Finance Land 448

Housing Wire

OCTOBER 6, 2023

Then, we have all the traditional financing options, including jumbo.” ” Amid the challenging landscape, Guerin, from New Jersey-based AFR, said the company doubled its efforts to do more renovation loans. 1 product to help first-time homebuyers get their houses. But it is also getting creative in a down market. .”

Mortgages 493

Mortgages VA loan Finance Renovation 493

Housing Wire

OCTOBER 25, 2023

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. Meanwhile, the median sales price for a new house in September was $418,800, down 3.3% from $430,300 in August.

Sales 448

Sales New Construction Construction Finance 448

Housing Wire

AUGUST 16, 2024

It’s a bit more complicated for the multifamily (5+ unit) construction world as their financing isn’t so directly tied to 30-year mortgage rates, and rent growth for apartments is cooling. The existing-home sales market has been in recession since June 2022, but the new-construction sector is not there.

Construction 535

Construction Residential New Construction Finance 535

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

NOVEMBER 7, 2024

homebuilding industry to Fannie Mae’s accomplished and diverse board, which guides the company’s efforts to responsibly expand access to mortgage credit and finance quality, affordable rental housing ,” the company said in a statement. Stowell brings nearly 40 years of experience in the U.S. Board chair Michael J. and HomeAid America.

New Construction 370

New Construction Residential Construction Industrial 370

Housing Wire

FEBRUARY 1, 2021

However, new construction trends do not reflect this changing preference. Of builders surveyed, 44% say that buyers’ ability to qualify for a loan is one of the biggest obstacles for taking on a new project. And 71% say that interested buyers are often unable to secure financing.

Finance 435

Finance New Construction Industrial Staging 435

Housing Wire

JULY 26, 2023

“The market for new homes is booming because the number of existing homes coming on the market has slowed to a two-decade low. It’s a unique housing market, unparalleled in recent years, for the active inventory to be so heavily skewed towards new construction. from a month prior, but down 3.6% compared to June 2022. “The

Sales 370

Sales New Construction Marketing Construction 370

Housing Wire

FEBRUARY 4, 2021

Here’s how Dannielle Hale, chief economist for Realtor.com, put it in her recent 2021 forecast: “The housing market in 2021 will be much more hospitable for buyers as an increased number of existing sellers and ramp-up in new construction restore some bargaining power for buyers, especially in the second half of the year.”.

Earnest money deposit 546

Earnest money deposit Pre-approval Marketing New Construction 546

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. 23, 2024.

Marketing 468

Marketing New Construction Construction As-is 468

Housing Wire

AUGUST 14, 2024

In addition, a sizable amount of the inventory is new construction, and builders are able to offer better financing terms for buyers with their in-house mortgage businesses. Inventory in the city has also risen sharply, giving buyers more options and more leverage in negotiations.

Marketing 468

Marketing New Construction Finance Staging 468

Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. Kurt Carlton, President of New Western. “We do not see new construction returning in a meaningful way any time soon. Our macro-outlook is that demand for housing will remain out of balance with supply for the mid to long term.

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Housing Wire

NOVEMBER 4, 2024

Take a look below to see the latest from last year’s winning organizations who answered the question: What new products or projects has your company taken on since its last TECH100 win? “Kiavi launched a new construction financing product.

Industrial 305

Industrial New Construction Technology Construction 305

Housing Wire

JUNE 21, 2024

SmartAsset, a personal finance and fintech website, ranked the 100 largest U.S. New construction may also not be keeping up with demand, hiking up the prices of existing homes. metro areas are leading the way for home-price appreciation. metro areas based on home-sale price increases during the year ending in April 2024.

New Construction 418

New Construction Construction Sales Finance 418

Housing Wire

AUGUST 29, 2024

To ensure affordable housing for all by 2050, innovative approaches to urban planning, financing, and policy must be explored. One notable approach is adaptive reuse, which involves repurposing existing buildings for new uses. The trend towards urbanization presents both challenges and opportunities for housing.

Development 459

Development Renovation New Construction Land 459

Realtor.com

NOVEMBER 9, 2022

Getty Images While buying a newly built home may not be the first thought to come to mind for homebuyers, purchasing new construction is a common option that comes with distinct benefits in today’s market. New construction can refer to single-family homes, condos , or apartments, and are available across the U.S.

New Construction 123

New Construction Construction Loans Design 123

Housing Wire

DECEMBER 20, 2022

After record sales in 2021, demand for new construction waned throughout 2022 as the Federal Reserve raised interest rates cutting into home buyer’s purchase power and making financing new development projects even more costly for builders. It’s fair to say that 2022 has been a depressing year for homebuilders.

Construction 397

Construction New Construction Fixed-rate mortgage Finance 397

Housing Wire

SEPTEMBER 26, 2023

However, mortgage applications for new home purchases increased 4% between July and August, the strongest pace of sales in three months. Homebuilders are still benefiting from very low inventory of existing homes for sale, which has driven more buyers to consider new construction,” Bright MLS Chief Economist Lisa Sturtevant said.

As-is 511

As-is Sales New Construction MLS 511

Housing Wire

MARCH 16, 2023

The pace of new construction had been picking up over the past two years. million new housing units were started, which is a little higher than the average annual new starts over the past five decades,” Lisa Sturtevant, the chief economist at Bright MLS, said in a statement. “If year over year. In 2022, a total of 1.55

Banks 448

Banks MLS Construction Finance 448

Housing Wire

JUNE 6, 2023

The supply of existing homes for sale has remained low as homeowners have showed increased hesitancy to list homes for sale, especially if they financed at a low interest rate. New home builders have responded to inventory shortages by increasing speculative inventory production, and some have begun to reduce buyer incentives.

Residential 459

Residential Construction Finance Sales 459

Realtor.com

NOVEMBER 17, 2022

Compare that with a preexisting home’s median price of $396,300 , and it’s clear that buying brand-new might set you back tens of thousands of dollars extra. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics.

New Construction 126

New Construction Construction Development Renovation 126

Housing Wire

NOVEMBER 27, 2023

However, the share of new construction for sale in the third quarter was the highest ever recorded. single-family homes for sale in the third quarter were new construction, up from 28.9% The median price for a new home kept inching down There was a bright side for consumers. Nationwide, 30.6%

Sales 448

Sales New Construction Construction Closing costs 448

Housing Wire

NOVEMBER 22, 2023

New construction starts and permits showed surprising strength in October while existing-home sales slumped to their worst reading since 2010. This dynamic is reflected in the latest data showing that existing home sales have fallen to a thirteen-year low.”

Mortgages 476

Mortgages New Construction Construction Sales 476

Housing Wire

NOVEMBER 30, 2023

Meanwhile, new home sales posted a better performance as homebuyers pivoted to new construction amid waning existing home supply. New home sales fell 5.6% Historically high rates harmed the housing market in October Annualized existing home sales remained below 4 million in October, the lowest rate since 2010.

Sales 497

Sales New Construction Construction Mortgages 497