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The Fed’s monetary policy is stifling new construction

Housing Wire

With homebuilders completing more homes in their backlog and 5-unit permits basically at recessionary levels, we are at the stage where policy is going to impact the future supply of shelter. This also means that if construction workers can’t find AI data centers to work on , we will most likely lose some construction workers.

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Home construction data offers glimmers of optimism — but with a caveat

Housing Wire

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.

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NAR’s Lawrence Yun predicts lower rates, 15% jump in existing-home sales in 2024

Housing Wire

Yun took the stage on Tuesday at NAR NXT , the trade group’s annual conference in Anaheim, California. 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. .”

Sales 482
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Homebuilders are feeling pretty good right now

Housing Wire

“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%

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The #1 Reason Not to Wait to List Your House for Sale

Keeping Current Matters

Mark Fleming, Chief Economist for First American , just reported : “Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Many industries have been devastated by the economic shutdown caused by the COVID-19 virus.

Sales 336
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New Year, New Home? 9 Myths About Buying a New-Construction House That Actually Aren’t True

Realtor.com

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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New Residential Construction Sees Some Volatility in January

RIS Media

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. below December 2021.