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

AUGUST 3, 2023

In a recent earnings call, Sheryl Palmer, chairman and CEO of national homebuilder Taylor Morrison , said about two-thirds of homeowners now have mortgage interest rates below 4%. Fannie Mae ’s vice president of economic and strategic research, Hamilton Fout, said the gap between homeowners now holding historically low mortgage rates (i.e.,

Land 370

Land Construction Development Finance 370

Housing Wire

JULY 10, 2023

The lack of inventory drove home prices up, challenging potential buyers, Black Knight pointed out in its monthly mortgage monitor report. On a seasonally adjusted basis, Black Knight’s home price index hit a new record high in May, having now fully reversed the correction in home prices seen late last year. markets in 2023.

Principal 418

Principal Residential New Construction Land 418

Housing Wire

NOVEMBER 23, 2022

We are still in housing recession land as the builders still have a lot of new construction homes and haven’t started yet to build. For the builders, 61,000 new homes are completed for sale, amounting to 1.2 months of the supply, and 298,000 new homes are still under construction, while 111,000 haven’t started.

Sales 488

Sales Construction New Construction Mortgages 488

Housing Wire

OCTOBER 5, 2023

This could make raising capital for new construction projects harder, and more expensive, everywhere. However, even bad news often has a silver lining. residential market becomes a relatively safer landing spot for investment. As the Chinese real estate market declines, the U.S.

Marketing 458

Marketing Residential Investor New Construction 458

Housing Wire

DECEMBER 6, 2024

This massive database goes back multiple decades and is consistently updated with each new census. Its the best place to find average mortgage rates. Federal Reserve Economic Data, or FRED : Shows economic data, GDP, unemployment rates, and more.

Pre-approval 391

Pre-approval Design Industrial Agents 391

Housing Wire

MAY 10, 2023

You may have heard the good news: In recent weeks, several mortgage and real estate brokerage execs have exclaimed that we may have already reached the bottom of the market. For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity.

Loan Officer 395

Loan Officer Pre-approval Marketing New Construction 395

Housing Wire

DECEMBER 17, 2020

“Today’s report is consistent with other housing data that shows the housing market has rebounded substantially from the second quarter,” said Joel Kan, the Mortgage Bankers Association ’s associate vice president of economic and industry forecasting. How the mortgage industry is working together to make housing more affordable.

Construction 521

Construction Land Industrial Mortgages 521

Housing Wire

OCTOBER 26, 2022

Sales of new single-family homes in September were at a seasonally adjusted annual rate of 603,000, down 10.9% Kelly Mangold of RCLCO Real Estate Consulting attributes August’s rise in new home sales to a dip in mortgage rates , but once rates started rising again in September, sales slowed. “As As mortgage rates approach 7.0%

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Sales New Construction Investor MLS 359

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

BAM Media

DECEMBER 17, 2024

Heres what Fannie Mae expects: Mortgage Rates: Declining modestly to 6.4%, but still elevated compared to pre-pandemic norms. Mortgage Rates: Modest Decline but Still Elevated Fannie Mae predicts mortgage rates will average 6.4% Existing Home Sales: Improving slightly to 4.25 million, up 4.8% from 2024, yet near 30-year lows.

Agents 103

Agents Marketing New Construction Construction 103

Housing Wire

JULY 20, 2023

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). The pent-up demand will surely be realized soon, especially if mortgage rates and inventory move favorably.” Total existing home sales slipped 3.3%

Sales 352

Sales MLS Construction Short sale 352

HomeLight

JULY 31, 2020

The average cost of building a new house can range between $165,563 and $474,977 , and it could save you up to 15% in comparison to buying an existing home — but what do you know about the new construction homebuying process? Have you weighed all the pros and cons of buying new? Pros of new construction.

New Construction 111

New Construction Construction Inspection Branding 111

Windemere Buying

MARCH 29, 2023

A new construction home, however, has no previous owner; it comes brand new. Learning about the new construction buying process will help you understand how it differs from other types of housing, such as existing single-family homes, townhouses, condominiums , etc. What is a new construction home?

New Construction 87

New Construction Construction Pre-approval Land 87

Housing Wire

APRIL 17, 2023

Builders note that additional declines in mortgage rates, to below 6%, will price-in further demand for housing. Currently, one-third of housing inventory is new construction, compared to historical norms of a little more than 10%,” Robert Dietz , the NAHB’s chief economist, said in a statement.

Banks 397

Banks Sales New Construction Lending 397

RIS Media

JUNE 6, 2021

Are you wondering how land loans work? Maybe you’re setting your mind on purchasing a piece of land that wonderfully fits your future house? Getting a loan for land is a smart move, especially when you will not be constructing your home right away. Procuring land financing is a great way to make your purchase on time.

Land 126

Land Loans Debt-to-income ratio Construction 126

Housing Wire

JULY 19, 2023

It’s just much cheaper to live here,” said Jon Overfelt, co-owner of American Security Mortgage Corp. We hear it all the time – somebody who leaves New Jersey or New York is like, ‘I couldn’t keep up with the taxes.’ I’m like, why did you stay in New York? All the new construction in every direction. “We

Land 363

Land Construction New Construction Branding 363

HomeLight

OCTOBER 26, 2022

According to Florida’s Office of Economic and Demographic Research, the state gained approximately 329,000 new residents between April 2020 and April 2021. New construction is growing just as fast to accommodate the influx — in 2021, 213,494 new housing units were authorized in Florida and nearly 70% were single family homes.

New Construction 111

New Construction Construction Agents Design 111

HomeLight

JUNE 27, 2022

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. However, you want to arm yourself with the tools and insider information so you don’t get too carried away with the new build. The dos of buying new construction.

New Construction 105

New Construction Construction Inspection Pre-approval 105

Housing Wire

APRIL 21, 2022

Besides questions of how to handle local zoning officials, building code bylaws, building trade unions, the cost of land, there is curiosity about who is steering the 3-D home printing ship. The present is different. 3-D printed homes are just starting to get built. Are companies like Icon trying to make money? Currently,” Sapp said.

Construction 418

Construction Purchase and sale agreement Land Investor 418

Marco Santarelli

MARCH 9, 2025

Underwater Mortgages: This happens when homeowners owe more on their mortgage than their house is actually worth. When people lose their jobs, they may struggle to pay their mortgages, leading to more foreclosures and less demand for housing overall. of wages) 34% Underwater Mortgages Very Low (e.g.,

Marketing 131

Marketing Mortgages As-is Finance 131

Marco Santarelli

FEBRUARY 28, 2025

San Diego is indeed expected to be a competitive real estate market in 2025 , landing in the top 20 hottest markets according to a recent Zillow report. The index looks at the difference between the number of jobs added over the last two years and the number of building permits issued for new homes during the same period.

Marketing 92

Marketing Pre-approval Land Staging 92

Marco Santarelli

OCTOBER 19, 2024

In September 2024, single-family home construction surged, indicating a renewed interest among homeowners and builders alike, particularly in the Northeast. This increase is largely attributed to a dip in mortgage rates, making it more affordable for families to invest in their own homes. increase from the previous month.

Construction 52

Construction New Construction Mortgages Land 52

Realtor.com

FEBRUARY 1, 2023

Housing starts, which is when construction has begun but not yet completed, are expected to fall to about 744,000 single-family homes in 2023 as builders continue to pull back, according to the National Association of Home Builders forecast. New homes are typically more expensive than older ones. What Gives?

New Construction 70

New Construction Construction Mortgages Land 70

Realtor.com

NOVEMBER 30, 2022

After months of navigating wild fluctuations, homebuyers, sellers, owners, and renters are now desperately trying to read the tea leaves to figure out where real estate prices, inventories, sales, and mortgage rates are going in the coming year. This is what homebuyers, home sellers, and renters can expect in the new year.

Mortgages 122

Mortgages New Construction Construction Sales 122

Marco Santarelli

APRIL 21, 2024

The recent surge in mortgage rates has sent shockwaves through the U.S. While prices for new construction and land remain robust, the condominium market is experiencing a downturn, driven in part by the burden of high mortgage rates.

Mortgages 105

Mortgages Marketing New Construction Land 105

Housing Wire

FEBRUARY 8, 2024

With extensive experience in new construction home sales, Janet is certified in luxury home sales and specializes in relocation and new construction builder sales. Growing up in Savannah, Georgia, as the daughter of a builder and developer, she learned the processes involved in new home construction from her dad.

Agents 434

Agents Construction Design Branding 434

Marco Santarelli

MAY 19, 2024

Housing Starts and Permits Fall Short as Mortgage Rates Rise Rising Rates Put Builders on Hold (Building Permits Down) Spiking mortgage rates are causing builders to hit the pause button. New home construction in April came in lower than expected and permits for future projects dipped.

Mortgages 98

Mortgages Construction New Construction Investor 98

HomeLight

APRIL 10, 2025

With todays higher home prices and elevated interest rates, many homeowners who locked in a low mortgage rate during the pandemic are reluctant to jump into another purchase. Heres why a growing number of homeowners are considering a move into a build-to-rent home: Preserve your low mortgage win: If you secured a mortgage rate between 2.5%

Construction 66

Construction Development Agents Closing 66

Realty Biz

JULY 20, 2022

Though, you will need to pay private mortgage insurance with down payments of less than 20%, increasing your monthly outgoings. One of the reasons FHA mortgages are so popular is their lower credit scoring requirements than other loan programs. Mortgage insurance will be included in monthly payments with these programs.

Loans 131

Loans FHA loan VA loan Renovation 131

HomeLight

AUGUST 31, 2021

Don’t let the pristine facade or shiny appliances of a model home deceive you: buying new construction will be as complex as any old real estate transaction, if not more so. These are all areas where a knowledgeable buyer’s agent who’s got lots of new-build experience and local builder connections can be invaluable.

Agents 128

Agents New Construction Purchase and sale agreement Construction 128

HomeLight

SEPTEMBER 26, 2022

New construction might seem less expensive — but if, for example, it doesn’t include landscaping, and that’s something you have to do yourself after closing, that can be expensive. People no longer want to be chained to a job and mortgage for 30 years,” says McCue. So is building an affordable dream home really doable?

Construction 145

Construction New Construction Land Inspection 145

Realtor.com

MAY 3, 2021

Experts say there’s no reason to prepare for a crash landing like we experienced in 2008 and 2009. The only way prices would drop by any significant amount would be if mortgage rates shot up substantially and a lot of homes flooded the market. Mortgage interest rates are the wild card.

Marketing 144

Marketing Fixed-rate mortgage Mortgages Land 144

Calculated Risk Real Estate

JULY 10, 2023

Press Release: Black Knight: Housing Market Reignites as Home Prices Hit New Record High in May; Inventory, Affordability Continue to Plague Potential Buyers Today, the Data & Analytics division of Black Knight, Inc. New construction starts and completions were both strong in May, which is welcome news.

Mortgages 98

Mortgages Construction Principal New Construction 98

Realty Biz

MAY 18, 2022

So President Joe Biden’s new plan that calls for administrative and legislative action to try and eliminate the housing shortfall within just five years is a most welcome announcement. In addition, the plan calls for new steps to create and preserve hundreds of thousands of more affordable housing units.

New Construction 84

New Construction Land Construction Commercial 84

HomeLight

JUNE 9, 2023

With the high cost of land, materials, and labor, the cost to build a house in California from scratch may not be a huge money saver. Land sales for residential use were also up, accounting for 4% of all residential real estate sales in 2021. California is one of the two most expensive regions of the country to purchase land.

New Construction 101

New Construction Land Construction Residential 101

Realtor.com

JANUARY 21, 2021

Comparatively, new construction on multifamily buildings fell 15.2% Builders’ optimism might be waning slightly in the face of slowing foot traffic from buyers and rising costs associated with purchasing land and materials. On a monthly basis, single-family starts were up 12%, while single-family permits were up 7.8%.

Construction 109

Construction New Construction Land Residential 109