Housing Wire

AUGUST 17, 2020

Last month, Buildfax estimated if single-family authorizations and existing housing activity continue to gain, new construction could stabilize in the Fall. This sentiment is supported by recent data from the National Association of Home Builders that stated residential construction employment rose by 24,000 in July to 2.8

New Construction 516

New Construction Construction Renovation Residential 516

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. “The Housing starts rose in November, significantly beating expectations. Department of Housing and Urban Development and U.S.

Mortgages 459

Mortgages Construction New Construction Residential 459

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. homebuying process.

Investor 448

Investor New Construction Construction Residential 448

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

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

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

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). HUD also plans to replace its use of some internal forms, including one used in conjunction with U.S.

VA loan 448

VA loan Principal Residential Loans 448

Housing Wire

FEBRUARY 12, 2024

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. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S.

Lending 452

Lending New Construction Construction Finance 452

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

AUGUST 13, 2024

A new report from John Burns Real Estate Consulting casts doubt on it, citing uneven geographic distribution of deregulations and the high cost of construction. As a result, the most impactful ADUs are in new construction.

Construction 435

Construction New Construction Equity Residential 435

Housing Wire

FEBRUARY 23, 2024

The analysis is limited to resale properties and does not include new construction, which means that build-to-rent activity is excluded. Investors of all sizes purchased 46,419 residential properties in fourth-quarter 2023, according to Redfin data. That amounted to $32.3 billion worth of property, or 10.5% Meanwhile, total U.S.

Investor 448

Investor New Construction Land Residential 448

Housing Wire

MAY 16, 2023

“While this is fueling cautious optimism among builders, they continue to face ongoing challenges to meet a growing demand for new construction. In March, 33% of homes listed for sale were new homes in various stages of construction. That share from 2000-2019 was a 12.7%

New Construction 459

New Construction Construction Sales Staging 459

Housing Wire

NOVEMBER 15, 2023

He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real estate conditions before diving into forecasts for next year. In 2023, new-home sales are up 5% year to date, Yun said.

Sales 482

Sales New Construction Staging Mortgages 482

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 163

Construction New Construction Residential Marketing 163

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

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. Even though shelter prices dropped to 0.3% the prior month, they’ve increased 6.7%

New Construction 434

New Construction Construction MLS Residential 434

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 4, 2021

For career switchers looking for a new path that doesn’t necessarily require a college degree, they could do worse than the building trades. million new hires for construction. Since the last housing bubble burst, when more than a million residential construction workers lost their jobs , a shortage has developed.

Construction 529

Construction Renovation New Construction Development 529

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 478

Construction New Construction MLS Residential 478

Housing Wire

OCTOBER 9, 2024

She has more than 25 years of real estate industry experience, and she specializes in lake properties and new construction. She is a certified home stager with experience in both residential and commercial real estate. Walsh cited Coldwell Banker Realty’s marketing programs as one of the reasons for her return.

Agents 435

Agents Commercial New Construction Title 435

Housing Wire

NOVEMBER 7, 2024

With broad expertise across the residential spectrum, including single-family homes, mixed-use communities, and projects meeting local governments’ affordability requirements, we will benefit from Scott’s deep understanding of the homebuilding process as lack of supply and new construction issues persist in the U.S.

New Construction 370

New Construction Residential Construction Industrial 370

Housing Wire

OCTOBER 6, 2023

But people need homes,” said Kenny Deen, senior account executive at the independent mortgage banker and residential home lender Paramount Residential Mortgage Group. ” Amid the challenging landscape, Guerin, from New Jersey-based AFR, said the company doubled its efforts to do more renovation loans.

Mortgages 493

Mortgages VA loan Finance Renovation 493

Keeping Current Matters

APRIL 27, 2021

” Yun’s insight was supported the next day when the Census Bureau released its Monthly New Residential Sales Report. It shows that newly constructed home sales are up 20.7% The residential real estate market will benefit from both as we move forward. over the previous month. Buyer demand remains strong.

Marketing 313

Marketing New Construction Construction Residential 313

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.

Sales 370

Sales New Construction Marketing Construction 370

Housing Wire

JULY 10, 2023

New construction starts and completions were both strong in May, which is welcome news. However, most projects underway in the month were 5+ multi-family units, as opposed to single-family residential units,” Walden said. Single family residential units account for just 40% of the total number of projects underway.

Principal 418

Principal Residential New Construction Land 418

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

RIS Media

OCTOBER 18, 2024

According to the bureau’s September Monthly New Residential Construction report,… The post Positive Signs: Single-Family New Construction, Permits Rise in September appeared first on RISMedia. Census Bureau and the U.S. Department of Housing and Urban Development bears that sentiment out.

New Construction 111

New Construction Construction Residential Development 111

Housing Wire

AUGUST 29, 2024

For example, inclusionary zoning policies require developers to include a certain percentage of affordable units in new residential developments. One notable approach is adaptive reuse, which involves repurposing existing buildings for new uses.

Development 459

Development Renovation New Construction Land 459

Housing Wire

OCTOBER 19, 2022

The new construction industry was not blind to the impacts this will have on housing demand. Builders are starting on construction on fewer single-family houses, but they’ve been breaking ground on more apartments and condominiums. Month over month, both sectors were down, with single family dropping 3.2%

Construction 468

Construction New Construction Development Residential 468

Housing Wire

MAY 31, 2022

New Western, which specializes in distressed residential investment properties, aims to revitalize $543 million in residential properties in the Chicago market over the next five years. When we help bring distressed properties back to the market, it’s up to 31% less expensive than a new construction home.”.

Mortgages 397

Mortgages Loans Lending Construction 397

Housing Wire

FEBRUARY 22, 2024

Balancing supply and demand is a delicate dance between new construction and existing properties. TF: VRM Mortgage Services (VRM) is an experienced residential and commercial real estate solutions provider, transcending conventional boundaries to deliver a spectrum of services beyond REO.

Due diligence 434

Due diligence Marketing Mortgages New Construction 434

Keeping Current Matters

MARCH 17, 2021

Unemployment was under 4% , forecasters were giddy with their projections for the economy, and the residential housing market had the strongest January and February activity in over a decade. Remarkably, the residential real estate market (including existing homes and new construction) has flourished over the last twelve months.

Construction 291

Construction New Construction Residential Industrial 291

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

Keeping Current Matters

SEPTEMBER 16, 2021

An important metric in today’s residential real estate market is the number of homes available for sale. New construction is starting to take off – Though new construction is not included in the realtor. It’s the reason many would-be purchasers are frustrated with the bidding wars over the homes that are available.

Sales 326

Sales New Construction Construction Equity 326

Keeping Current Matters

JUNE 15, 2021

When it comes to new construction , builders are trying to do their part to bring more newly built homes into the market. In their Monthly New Residential Sales report , the United States Census Bureau states: “The seasonally? Things are starting to look up for residential real estate inventory.

New Construction 326

New Construction Construction Residential Sales 326

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.”

Mortgages 435

Mortgages Fixed-rate mortgage Construction New Construction 435

RIS Media

AUGUST 16, 2023

After a surprising decline in housing starts that perplexed pundits earlier in the summer, new construction ticked up last month, according to the latest new residential construction data from the U.S. Buoyed… The post New Construction Rebounds With 3.9% Census Bureau.

New Construction 98

New Construction Construction Residential Industrial 98