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What’s keeping homebuilders from large-scale layoffs?

Housing Wire

Todays new construction report from the Census Bureau showed month-to-month growth in housing starts, but falling housing permits. However, employment for residential construction workers hasnt fallen at all, even with the decline in housing starts and permits. Why haven’t the homebuilders started doing layoffs?

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Southern construction boom is aiding housing affordability

Housing Wire

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.

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Residential real estate activity picks up despite low inventory

Housing Wire

Residential real estate activity picked up in most Districts despite continued low inventories of homes for sale,” the report states. In return, the lack of inventory of homes for sale pushed demand for rental properties in some areas — including New York, Chicago, St. Louis, Kansas City Federal Reserve districts.

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Deephaven’s Tom Davis: ‘Either you take market share, or someone takes yours’

Housing Wire

In this week’s episode of the Power House podcast, host and HousingWire President Diego Sanchez chats with Tom Davis , chief sales officer at Deephaven Mortgage. For example, 30% of purchase transactions were new construction last year. New construction has been 33% of all purchase transactions, right?

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The Fed’s monetary policy is stifling new construction

Housing Wire

We had a good few months of positive builder confidence data for the new home sector and positive purchase application data for existing home sales. This also means that if construction workers can’t find AI data centers to work on , we will most likely lose some construction workers. recession isn’t far away.

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New home sales rose 12% in May

Housing Wire

New home sales in May rose 12.2% Sales of new single‐family houses came in at a seasonally adjusted annual rate of 763,000, according to estimates released jointly Tuesday by the U.S. They now supply about 30% of the residential sales market. The average sales price for new homes was $487,300.

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Optimism spreads after new home sales climb in December

Housing Wire

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 November, the median sales price for new houses was $471,200 and the average sales price was $543,600, according to the data.

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