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 Despite the elevated mortgage rates , homebuilders’ sales have increased this year. Census Bureau data. compared to a year ago.

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Mortgages Construction New Construction Residential 459

Keeping Current Matters

SEPTEMBER 16, 2021

An important metric in today’s residential real estate market is the number of homes available for sale. They define active listings as: “ The active listing count tracks the number of for sale properties on the market , excluding pending listings where a pending status is available. What happened last year?

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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.

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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. million and 7.3

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Construction New Construction Lending Sales 476

Housing Wire

SEPTEMBER 28, 2022

After a sharp decline in July , new home sales rebounded in August, according to data released Tuesday by the U.S. 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% However, the faster sales pace was not good news for inventory.

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Housing Wire

MAY 16, 2023

The NAHB/HMI report is based on a monthly survey of NAHB members, in which homebuilders are asked to rate both current market conditions for the sale of new homes and expected conditions for the next six months, as well as traffic of prospective buyers of new homes. That share from 2000-2019 was a 12.7%

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New Construction Construction Sales Staging 459

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. In 2023, she closed 57 transaction sides for a total of $29.979 million in sales volume. Most recently, in 2020, she set the record with the sale of a $7.5 This earned her the No.

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Keeping Current Matters

APRIL 27, 2021

Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% This is the second consecutive month that sales have slumped. However, there could also be a simple explanation as to why existing home sales have slowed – there aren’t enough homes to buy.

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Marketing New Construction Construction Residential 313

Keeping Current Matters

OCTOBER 14, 2020

ShowingTime , which tracks the average number of buyer showings on residential properties, just announced that buyer showings are up 61.9% Purchaser demand is so high, the market is running out of available homes for sale. The post The #1 Reason Not to Wait to List Your House for Sale appeared first on Keeping Current Matters.

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Sales Construction Staging Residential 345

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. The number of existing home sales reflects how the housing sector has been impacted by the Fed’s interest rate policies. Existing home sales are down 19.9% year-over-year.

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Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. Balancing supply and demand is a delicate dance between new construction and existing properties.

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Due diligence Marketing Mortgages New Construction 435

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%. You can’t buy what’s not for sale. It’s not all bad news, however.

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Construction New Construction Equity Sales 511

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.

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Investor New Construction Land Residential 448

Housing Wire

JULY 10, 2023

For-sale listings deteriorated in 95% of major U.S. 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. markets in 2023.

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Principal Residential New Construction Land 418

Keeping Current Matters

JUNE 15, 2021

A normal market has a 6-month supply of homes for sale. According to the Existing Home Sales Report from the National Association of Realtors (NAR): “Total housing inventory at the end of April amounted to 1.16 month supply at the current sales pace , slightly up from March’s 2.1-month months at the current sales rate.”.

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New Construction Construction Residential Sales 326

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.

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Construction New Construction Residential Industrial 291

Housing Wire

FEBRUARY 8, 2022

Supply-side” solutions that focus on new construction and the preservation of the existing housing stock are equally important. The supply of homes for sale is limited as well. At the beginning of 2022, active home sale listings fell below 500,000 for the first time. The quantity of new, entry-level homes has?

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New Construction Construction Development Land 370

Housing Wire

DECEMBER 20, 2022

“The latest data on the housing market show that homebuilders are pulling back the pace of new construction in response to low levels of traffic, and we expect this weakness in demand will persist in 2023, as the U.S. retail residential mortgage applications. from this time last year. last week from 29.4%

Mortgages 435

Mortgages Fixed-rate mortgage Loans New Construction 435

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.”.

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Mortgages Loans Lending Construction 397

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

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.”

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Construction New Construction MLS Development 418

Housing Wire

FEBRUARY 8, 2024

To begin with, his reputation for excellence is ironclad: over a decade of experience as a real estate broker and over $300,000,000 in total sales. In 2024, Tate received Coldwell Banker’s International President’s Premier Award representing the company’s top 1% of all sales professionals.

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Agents Construction Design Branding 435

Keeping Current Matters

AUGUST 25, 2020

When shelter-in-place orders brought the economy to a screeching halt earlier this year, many believed the residential housing market would follow suit. Last week, it was reported that applications for new home purchases with home builders were 39% higher than in July of 2019. Last Friday, NAR released its Existing Home Sales Report.

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Construction New Construction Sales Residential 325

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

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. .

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New Construction Construction Development Renovation 126

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. Home sales and prices were both up substantially over the year before. As the next graph shows, there were too many homes for sale in 2007, and that caused prices to tumble.

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Equity New Construction Construction Short sale 325

Housing Wire

AUGUST 3, 2023

New-home sales were up nearly 24% in June year over year, according to the U.S. Meanwhile, existing-home sales plummeted by 19% in June year over year after declining by 20% in May, according to the National Association of Realtors. Also helping to propel new-home sales is a huge deficit in existing homes.

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Land Construction Development Finance 370

Housing Wire

DECEMBER 28, 2021

Every home, every little business, there were a few that made it along the main streets, but other than that, at least 95-98% of the residential housing in the area was gone,” local eXp Realty agent Mike Stearns said. In November, the median sales price in Paradise was $437,500, an 8.8% So, it’s coming along, but it’s a slow process.”.

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Bankruptcy New Construction Construction Agents 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.

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New Construction Construction Agents Design 111

McKissock

MARCH 16, 2021

Below, we provide the definition of a complex property and dig into the three types of residential complex properties. A complex one-to-four family residential property is defined as a property that meets at least one of the following criteria: The property to be appraised is atypical. What makes a complex property?

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Residential New Construction Construction Commercial 101

Realtor.com

JANUARY 2, 2023

Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.

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Realtor.com

JANUARY 17, 2023

Getty Images One of the reasons many homebuyers are drawn to buying a brand-new home is that they often get to choose many of the home’s features to suit their tastes. But with new construction, you can call the shots on countertops, fixtures, flooring, paint colors, and so much more to make your home feel like, well, you!

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Inman

APRIL 23, 2024

Sales of newly built, single-family homes rose 8.8 New-home sales rose 8.3 percent in March, a reflection of the beginning of a busy homebuyer season. percent year over year, according to the U.S. Census Bureau.

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Sales New Construction Residential Construction 183

Realty Biz

JUNE 15, 2021

Residential construction in the U.S. Despite declines in both affordability and availability, however, the luxury new construction condo market across the country features more than a few intriguing options, starting with these high-profile developments: 1000M – Chicago, IL. 505 – Nashville, TN.

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New Construction Development Construction Residential 102

Housing Wire

DECEMBER 6, 2024

For example, tips on home staging for a quick sale, how to get top dollar for a property, or advice on how to improve curb appeal are all topics that a seller might be interested in. Buyers might be interested in seeing featured listings, new homes on the market and advice about the homebuying process.

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Pre-approval Design Agents Industrial 397

Keeping Current Matters

APRIL 7, 2021

” What does this mean for residential real estate? Today, the biggest challenge for homebuyers is the lack of homes currently for sale. Residential construction building jobs increased 3.9% The construction industry remains a labor-intensive industry. As a result, home prices are climbing.

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Construction Marketing Residential Industrial 286

RIS Media

FEBRUARY 17, 2022

The latest January data on new residential construction points to a mostly stable housing market that, in some instances is trending downward, according to the monthly report from the U.S. The post New Residential Construction Sees Some Volatility in January appeared first on RISMedia.

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Residential Construction Fixed-rate mortgage New Construction 98