Housing Wire

MARCH 13, 2025

But increased activity in residential construction , particularly in the South, is helping to alleviate affordability challenges in certain regions, according to ananalysis from First American Financial Corp. This construction boom is contributing to slower home-price appreciation and, in some cases, price declines.

Construction 298

Construction Residential New Construction Land 298

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% We do not see new construction returning in a meaningful way any time soon. “The Will Savage, an LO at PMC Mortgage.

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgages 493

Mortgages VA loan Finance Renovation 493

Housing Wire

FEBRUARY 10, 2025

Residential real estate capital provider Kiavi announced Monday that it is expanding into 13 additional states, broadening the company’s reach to 45 states and Washington, D.C. It also closed five RTL securitizations for nearly $2 billion and expanded its product suite by launching a new construction financing product.

Lending 284

Lending New Construction Residential Investor 284

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. The expansion comes amid a surge in mortgage rates and declining loan origination volume.

Mortgages 397

Mortgages Loans Lending Construction 397

Housing Wire

DECEMBER 20, 2022

Lower mortgage rates helped to increase borrowers’ demand for home loans last week, which in turn drummed up optimism for the mortgage industry at the end of 2022. is likely to enter a recession,” Mike Fratantoni, Mortgage Bankers Association’s senior vice president and chief economist, said in a statement.

Mortgages 435

Mortgages Fixed-rate mortgage Loans New Construction 435

Housing Wire

AUGUST 16, 2024

One key data line that is flagging a path to recession is the loss of residential construction workers. A while back, HousingWire Editor in Chief Sarah Wheeler and I discussed the risk of recession due to a lack of construction labor. Let’s look at today’s residential construction report and see where we are.

Construction 535

Construction Residential New Construction Finance 535

Housing Wire

MAY 6, 2024

HUD also seeks to transition away from the discontinued Fannie Mae Form 1009, the residential loan application for reverse mortgages, to Form 1003, the Uniform Residential Loan Application (URLA). The associations also request that HUD give HECM lenders at least 120 days before implementing the new forms, the letter said.

VA loan 448

VA loan Principal Residential Loans 448

Housing Wire

MAY 30, 2023

New construction could be the beacon of light the housing market desperately needs right now, as home builders are gaining confidence amongst rising sales, hopefully soon to translate to more residential construction breaking ground in the coming months.” Relatedly, the Federal Housing Finance Agency (FHFA) recorded a 4.3%

Mortgages 435

Mortgages Fixed-rate mortgage Construction New Construction 435

Housing Wire

OCTOBER 18, 2024

The number of housing units that came online in September showed a big year-over-year jump, but data on earlier stages of construction suggest not much is coming through the pipeline. That’s according to monthly data on new residential construction from the U.S. But housing completions rose 14.6% month over month.

Construction 459

Construction Staging New Construction MLS 459

Housing Wire

SEPTEMBER 25, 2024

Meanwhile, sellers who locked in a record-low mortgage rate of 3% or less during the pandemic have been reluctant to sell, limiting supply further and leaving fewer options for would-be buyers. In Florida, new housing inventory has not grown significantly: the number of newly listed homes stands at 43,081, an 8.8% homebuying process.

Investor 448

Investor New Construction Construction Residential 448

Housing Wire

FEBRUARY 13, 2025

San Francisco-based private lender Kiavi announced on Thursday that it has secured $300 million in capital after another securitization of its residential transition loans (RTLs). As the 21st transaction made under the company’s LHOME Mortgage Trust, Kiavi’s total volume of notes offered sits at $5.8 billion since 2019.

Land 219

Land Investor Principal New Construction 219

Housing Wire

FEBRUARY 12, 2024

8. “With the acquisition of AFR, we will build on our already strong mortgage platform. residential mortgage market and housing-related assets. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions.

Lending 455

Lending New Construction Construction Finance 455

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). ” According to Yun’s forecast, mortgage rates will fall to between 6% and 7% by spring 2024.

Sales 482

Sales New Construction Staging Mortgages 482

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% In addition, the median sales price of new houses that were sold in December dropped to $442,100, and the average sales price dipped to $528,400.

Sales 418

Sales Residential Construction New Construction 418

Housing Wire

MAY 5, 2022

Mortgage rates are increasing and demand is beginning to level out. The residential real estate market is shifting, creating uncharted territory for lenders who’ve relied on a housing boom and refinancing to keep them in business. The days of 45-60 day processing times in mortgage lending will simply not satisfy, nor survive.

Mortgages 370

Mortgages Technology Lending New Construction 370

Housing Wire

OCTOBER 5, 2023

The real estate market in China, both commercial and residential, have been unwinding over the last few years. some luxury residential markets that saw an influx of Chinese buyers could be particularly vulnerable. This could make raising capital for new construction projects harder, and more expensive, everywhere.

Marketing 459

Marketing Residential Investor New Construction 459

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.

Principal 418

Principal Residential New Construction Land 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 176

Construction New Construction Residential Marketing 176

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.

New Construction 370

New Construction Residential Construction Industrial 370

Housing Wire

AUGUST 16, 2024

. “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 480

Construction New Construction MLS Residential 480

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

MAY 16, 2023

“New home construction is taking on an increased role in the marketplace because many home owners with loans well below current mortgage rates are electing to stay put, and this is keeping the supply of existing homes at a very low level ,” Alicia Huey, the NAHB chair, said in a statement. That share from 2000-2019 was a 12.7%

New Construction 459

New Construction Construction Sales Staging 459

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. Tiffany Fletcher, VRM Mortgage Services HW: What does the current market and demand for REO assets look like?

Due diligence 435

Due diligence Marketing Mortgages New Construction 435

Housing Wire

JUNE 27, 2023

Strong new home sales have gotten the new construction industry back on track to deliver much-needed inventory for this undersupplied market. They now supply about 30% of the residential sales market. 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

JANUARY 6, 2022

In November 2021, the supply of homes for sale nationwide as a percentage of occupied residential inventory remained near historic lows at 1.19% — meaning only 119 in every 10,000 homes were for sale — much lower than the historical average of 2.5%. The majority of the supply of homes for sale come from existing homes, not new construction.

Construction 511

Construction New Construction Equity Sales 511

Housing Wire

OCTOBER 19, 2022

As mortgage rates rose to nearly 7% and builder sentiment dipped to painfully low levels in September, housing starts also declined, dropping 8.1% The new construction industry was not blind to the impacts this will have on housing demand. Census Bureau and the U.S. Department of Housing and Urban Development.

Construction 468

Construction New Construction Development Residential 468

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 397

Pre-approval Design Industrial Agents 397

Housing Wire

JULY 26, 2023

In June, the sales pace of new homes fell 2.5% On a year-over-year basis, however, new home sales were up 23.8%. That more or less lined up with mortgage application data for new builds , which showed demand up 26% year-over-year in June but down 5% from May. from a month prior, but down 3.6% compared to June 2022.

Sales 370

Sales New Construction Marketing Construction 370

Keeping Current Matters

JUNE 15, 2021

At the same time that fewer people are listing their homes, more and more people are trying to buy them thanks to today’s low mortgage rates. When it comes to new construction , builders are trying to do their part to bring more newly built homes into the market. This represents a supply of 4.4

New Construction 318

New Construction Construction Residential Sales 318

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. from March to 855,000.

Construction 418

Construction New Construction MLS Development 418

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

Keeping Current Matters

MARCH 10, 2021

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Mortgage standards are nothing like they were back then. During the housing bubble, it was difficult not to get a mortgage. Some may think new construction is filling the void.

Equity 317

Equity New Construction Construction Short sale 317

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

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

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

Housing Wire

JUNE 29, 2021

Of the 2,546 residential properties in Otay Ranch, 942—or nearly 40% of them—possess high hazard risk. San Diego, in particular, has seen the expansion of new construction and development into the wildlands, thus exposing a greater number of homes to the susceptibility of wildfire.

Residential 284

Residential New Construction Development Construction 284