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 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.

Sales 487

Sales New Construction Construction MLS 487

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

DECEMBER 19, 2023

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

Mortgages 459

Mortgages Construction New Construction Residential 459

Housing Wire

OCTOBER 18, 2024

More new construction is essential for easing the housing affordability challenge,” Bright MLS chief economist Lisa Sturtevant said in a statement. But with mortgage rates rising again and home prices continuing to hit all-time highs, the data doesn’t suggest relief for homebuyers is coming anytime soon.

Construction 459

Construction Staging New Construction MLS 459

Housing Wire

MAY 23, 2023

On a year-over-year basis, new home sales were up 11.8%. Demand for newly built homes has been strong amidst the historically low inventory of existing homes for sale ,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. In April, new single-family home sales were about 14% of total home sales nationwide.

New Construction 418

New Construction MLS Construction Sales 418

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

FEBRUARY 16, 2024

New construction starts fell to a seasonally adjusted annual rate of 1.331 million units, down 14.8% Housing inventory remained low in January and new homes still accounted for about 30% of all homes available for sale. month over month, according to a report released Friday by the U.S. Census Bureau and the U.S.

New Construction 466

New Construction MLS Construction Development 466

Housing Wire

APRIL 18, 2024

Meanwhile, new construction of both single-family and multifamily homes receded in March. Prospective home buyers face a very confusing housing market,” Bright MLS chief economist Lisa Sturtevant said in a statement.

Sales 448

Sales New Construction MLS Construction 448

Housing Wire

SEPTEMBER 19, 2023

However, it was 2% higher than a year ago, Bright MLS Chief Economist Lisa Sturtevant noted. This annual increase in new starts was driven entirely by new construction activity in the South region, she noted. Overall, single‐family housing starts in August came in at a rate of 941,000, which is 4.3%

Construction 493

Construction New Construction MLS Marketing 493

Housing Wire

NOVEMBER 14, 2023

. “Shelter inflation has been coming down slowly since the summer, as new residential construction activity ramped up in 2023,” said Lisa Sturtevant, chief economist for Bright MLS. ” The longer inflation stays elevated, the more customers expect inflation to remain high.

New Construction 435

New Construction Construction MLS Residential 435

Housing Wire

AUGUST 16, 2024

Both single-family and multifamily housing starts were down significantly from a year ago,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. Single-family starts were down 14.1% month over month and 14.8% on an annual basis to a rate of 851,000 units, while multifamily starts came in at a rate of 363,000, up 11.7%

Construction 481

Construction New Construction MLS Residential 481

Housing Wire

SEPTEMBER 18, 2024

“Slowdowns in new single-family construction over the summer reflected sagging builder confidence, but homebuilders appear to be more confident as mortgage rates have fallen over the past few weeks and as the Federal Reserve gets set to cut interest rates. to 1.475 million. The multifamily sector (740,000 completions) posted a 36.5%

Marketing 488

Marketing Construction New Construction MLS 488

Housing Wire

JULY 26, 2023

“New home sales continue to be an outsized share of the housing market ,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. The market for new homes is booming because the number of existing homes coming on the market has slowed to a two-decade low.

Sales 370

Sales New Construction Marketing Construction 370

Housing Wire

JUNE 29, 2023

It is encouraging that homebuilders have ramped up production, but the supply from new construction takes time and remains insufficient,” added Yun. Yun, however, is optimistic about the impact increased housing starts and homebuilder confidence will eventually have on housing inventory. “It

Sales 370

Sales New Construction MLS Construction 370

Housing Wire

DECEMBER 6, 2024

Or omit the MLS link and tease out the listing with stats and photos in your newsletter, and invite your audience to contact you directly for more information.

Pre-approval 397

Pre-approval Design Industrial Agents 397

Housing Wire

JULY 19, 2023

noted Bright MLS Chief Economist Lisa Sturtevant. Housing starts in June dropped to a seasonally adjusted annual rate of 1.43 million, under economists’ expectations for 1.48 million, according to the U.S. Census Bureau. That was down 8.1% from a year ago. In June, only 600,000 existing homes were listed for sale across the U.S.,

Construction 370

Construction New Construction MLS Lending 370

RIS Media

MAY 17, 2023

1 issue in many regions and prices largely remaining resilient, homebuilders appear poised to add some much needed new homes to the market, with data showing another uptick in housing starts last month. With inventory back to being the No.

New Construction 111

New Construction Construction MLS Marketing 111

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. year over year. In 2022, a total of 1.55

Banks 448

Banks MLS Construction Finance 448

Housing Wire

JULY 6, 2023

In addition, builders are recognizing the demand and the opportunity it presents, and they are pushing construction activity higher – about one-third of homes on the market are new construction, more than double normal levels. “Homebuyers have had to accept the ‘new normal’ of rates around 6.5%

Mortgages 397

Mortgages Construction New Construction Investor 397

Housing Wire

MAY 17, 2023

“Despite elevated mortgage rates and a slower-than-typical spring housing market , homebuilders are feeling confident about the outlook for new housing demand because the inventory of existing homes for sale remains very constrained,” Lisa Sturtevant, the chief economist of Bright MLS , said in a statement. “In million homes.”

Construction 418

Construction New Construction MLS Development 418

Inman

JULY 17, 2024

High mortgage rates, slowing homebuyer activity and weakening homebuilder sentiments created the perfect storm in June, keeping new residential construction from posting annual gains.

Construction 164

Construction New Construction Residential Marketing 164

Housing Wire

OCTOBER 26, 2022

. “With mortgage rates around 7%, the typical monthly payment for a buyer was about $2,900 last month,” said Lisa Sturtevant, the chief economist for Bright MLS. “Just six months ago, when rates were around 3%, that same house would have had a monthly payment of just $1,900.

Sales 370

Sales New Construction Investor MLS 370

Housing Wire

APRIL 18, 2023

“Construction of homes in buildings with five or more units, which generally is going to include apartment buildings, has been running at a faster pace than last year,” Lisa Sturtevant, Bright MLS ’ chief economist, said in a statement. “We month over month to a pace of 861,000.

Construction 370

Construction MLS New Construction Finance 370

Housing Wire

JULY 20, 2023

The good news is that the housing recession that was predicted by some economists has not materialized, noted Lisa Sturtevant, chief economist for Bright MLS. With positive inflation news and a strong labor market, the possibility that the Fed will be able to bring the economy in for a “soft landing” is improving.

Sales 369

Sales MLS Construction Short sale 369

Housing Wire

AUGUST 10, 2023

Additionally, economists have observed a rebound in new home sales this year, with buyers seeking to leverage new construction options and any competitive builder incentives. However, demand bounced back after the winter holiday, yielding a surprisingly strong spring housing market.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

Housing Wire

JUNE 22, 2023

. “Despite the report of prices falling in May, we could be seeing the bottom and prices should be stable or increasing across much of the country in the second half of the year,” said Lisa Sturvetant, chief economist for Bright MLS.

Sales 397

Sales Construction New Construction MLS 397

Housing Wire

JULY 25, 2023

Low inventory and surprisingly resilient housing demand have kept home prices stable or rising in many markets, but affordability will be challenged as more inventory begins to come on line later this year, Lisa Sturtevant, chief economist at Bright MLS , noted. Where will prices go from here?

Construction 369

Construction Mortgages New Construction MLS 369

Housing Wire

SEPTEMBER 28, 2022

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% A rebalancing of the housing market is continuing to throw the new construction market for a loop,” Nicole Bachaud, Zillow’s senior economist, said in a statement. compared to a year ago. “A

Sales 284

Sales Construction New Construction MLS 284

Housing Wire

SEPTEMBER 13, 2024

We have incredible multifamily teams, commercial teams, new construction teams, high net worth teams, beach teams, golf teams. You have to understand your local rules and regulations within your brokerage and your MLS. I think that the rule changes, regardless of the MLS, are going to push more people to shop quietly.

Brokerage 433

Brokerage Branding Agents MLS 433

Notorious ROB

SEPTEMBER 5, 2022

Last year, I wrote something up on BrightMLS’s Off-MLS Study saying that the conclusions of the report were overstated and based on thin and problematic data. In particular, I had issues with the data presented: Simply put, there is a large discrepancy in the median sale price between On-MLS homes and Off-MLS homes.

MLS 88

MLS Brokerage Sales New Construction 88

HomeLight

JULY 6, 2023

That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. What other MLS statuses do agents use? Closed”- Consider these listings sold.

MLS 105

MLS Backup offer Inspection contingency Purchase and sale agreement 105

Inman

SEPTEMBER 6, 2024

Bernice Ross talks with Patrick Stone, chairman and founder of Williston Financial, about interest rates, new construction and the 2024 election.

Industrial 193

Industrial New Construction Construction MLS 193

Redfin

JANUARY 12, 2022

While first-time homebuyers and even seasoned homeowners might have heard of MLS, they may not be familiar with the role it plays throughout the home buying and selling process. Understanding how the MLS factors into the process can help you get the most out of your purchase or sale. What an MLS is and how it works. What is MLS?

MLS 74

MLS Agents Sales As-is 74

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

RIS Media

JANUARY 18, 2024

Census Bureau shows new construction in the… The post Housing Starts Take a Downturn in December Despite Optimism Over Rate Drops appeared first on RISMedia. The latest data from the Commerce Department via the U.S.

New Construction 119

New Construction Construction Industrial Mortgages 119

RIS Media

MAY 19, 2021

” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” Two important statuses in the MLS are “Contingent” and “Pending.” What Other MLS Statuses Are There? Contingent vs. Pending?

Purchase and sale agreement 98

Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98