Pro Builder

NOVEMBER 14, 2022

New Listings, House Prices Fall in November as Buyers Back Off. Despite decreased activity from home sellers, total housing inventory is up 8.5% compared to the same week in 2020, and an above-average 6-month supply of homes is currently under construction. Mon, 11/14/2022 - 10:30. New-Home Sales. Market Data + Trends.

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Pro Builder

MAY 5, 2021

Today’s Homebuyer Perception of Affordability Exceeds 2020 Levels. According to the National Association of Home Builders’ Housing Trends Report, 35% of homebuyers report being able to afford half or more of homes for sale in their markets while 65% can afford fewer than half. cbroderick. Wed, 05/05/2021 - 10:32. Read More. .

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Pro Builder

JULY 13, 2020

Pittsburgh Combats Affordable Housing Shortage with Modular, Factory-Built Homes. Mon, 07/13/2020 - 06:00. Module, a local start-up modular design and development company, saw the vacant lots as an opportunity to address Pittsburgh’s need for affordable, turnkey housing. Affordable Housing.

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Pro Builder

NOVEMBER 15, 2021

Federal Reserve Pulls Back on Stimulus in Response to Weakened Housing Affordability. Exacerbated housing conditions are a result of major supply-chain disruptions and a nationwide labor shortage expected to persist into 2022. year to date in 2021 — eight times faster than they did in 2020. Housing Policy + Finance.

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Pro Builder

MARCH 8, 2021

How Might an Uptick in Mortgage Rates Affect Housing? For the first time since July 2020, mortgages rates have surpassed 3%, but that’s not likely enough to put an end to strong housing demand, says LGI Homes chairman and CEO. The housing market’s strong demand has been greatly fueled by record-low mortgage rates, says CNBC.

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Pro Builder

NOVEMBER 3, 2020

Homeownership Wealth Gains for Second Quarter of 2020. Tue, 11/03/2020 - 09:42. Based on the 2019 Survey of Consumer Finance data, homeownership accounts for 90% of total wealth among all families. cbroderick. Someone who purchased a home 30 years ago would have gained around $283,000 as of the second quarter this year.

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Pro Builder

JANUARY 19, 2022

Mortgage rates are at their highest levels since March 2020, and more gains could price some buyers out of the housing market altogether. A surge in first-time homebuyer applications is likely driven by high housing demand heading into a typically busy spring market. Housing Policy + Finance.

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Pro Builder

SEPTEMBER 20, 2022

as homeowners refuse to sacrifice their low interest rates for new homes with more expensive housing costs. Homeowners across the country are becoming increasingly hesitant to list their homes if it means giving up their low mortgage rates and taking on a more costly monthly housing bill. . 11, the largest drop since May 2020. .

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Pro Builder

JUNE 5, 2020

Top 10 Housing Markets for Growth and Stability. Fri, 06/05/2020 - 09:34. To that end, SmartAsset analyzed the data to uncover which metro areas in America are the best housing markets for growth and stability. SmartAsset rounded up the top 10 cities that have delivered in home price growth and stability for 25 years.

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Pro Builder

MAY 1, 2023

And, according to Realtor.com's March housing trends report, the cost of financing a typical house now costs $611 more per month than it did a year ago. That’s the slowest growth rate we’ve seen since May 2020. Read more Financing Sales Sales For the week ending April 22, listing prices were just 2.4%

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Pro Builder

DECEMBER 16, 2022

On the opposite end of the spectrum were Hawaii, with an average effective tax rate of 0.28%, and Alabama, with an annual real estate tax bill of $815 in 2021, according to NAHB Eye on Housing. of state and local tax receipts in 2020 due to a broad decline in income tax revenue as a result of the pandemic, property taxes made up 36.2%

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Pro Builder

AUGUST 5, 2022

Research from Redfin shows that, during the five years from 2016 through 2020, migration into the country’s 50 counties with the largest percentage of highest fire and flood risk for homes has increased by an average of 3% and 1.9% Housing Markets. Fri, 08/05/2022 - 09:43. respectively. New-Home Sales.

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Pro Builder

JULY 7, 2020

Tue, 07/07/2020 - 09:56. Joseph Eichler’s designs defined middle-class homes at the time, as did his work toward fair housing policies and integrated neighborhoods, according to Dwell. His role in fighting for fair housing policies and integrated neighborhoods, however, is lesser known. . cbroderick.

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Construction Enquirer

JULY 27, 2023

Designed by architect Darling Associate, the phased project will consist of a landmark 26-storey block with associated mid-rises of around nine-storeys and a dozen three-storey town houses. bn revenue Korean group GS E&C who took a controlling interest in 2020. Elements Europe is majority owned by $9.5

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Pro Builder

JANUARY 18, 2021

Biden also called on housing agencies to extend the deadline of applications for forbearance on federally-backed mortgages until the end of September. . The CARES Act included an eviction moratorium through late July 2020 that only applied to certain, federally-funded rental units. Housing Policy + Finance. Read More. .

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Pro Builder

JANUARY 12, 2022

Mortgage rates have reached their highest peak in over a year, threatening affordability for potential home buyers in an already pricey housing market. The average contract interest rate for 30-year fixed-rate mortgages rose from 3.52% to 3.33% last week, the highest rate since March 2020, CNBC reports. Housing Policy + Finance.

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Pro Builder

OCTOBER 15, 2021

Housing market experts don’t see another foreclosure crisis on the horizon for a number of reasons. The number of foreclosure filings during the third quarter jumped 68% from the comparable 2020 period and 34% from the previous quarter, per ATTOM Data Solutions. Housing Policy + Finance. Housing Policy + Finance.

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Pro Builder

JUNE 10, 2021

President Joe Biden’s proposed $2 trillion infrastructure plan could make it easier for both first-time buyers and those seeking affordable housing, says the Washington Post. Creating affordable housing. According to Bright MLS, 2020 was the tightest housing market on record in the D.C. Housing Policy + Finance.

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Pro Builder

JUNE 25, 2021

Could housing be more affordable today than 40 years ago when the median home price was $64,600? By 2020, the median sales price of a house rose to $336,900. per square foot of housing. In 2020, the average blue-collar worker’s hourly compensation rate stood at $32.54. minutes of work per square foot of housing.

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Pro Builder

MAY 21, 2021

The current market results from years of underbuilding, further complicated by a severe lack of skilled labor, not enough developed lots, cost of loans to finance construction, materials costs, and other regulations. Will the housing market crash again? In 2005, I was a reporter, and I wondered whether we were in a housing bubble.

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Pro Builder

JANUARY 31, 2022

From 2020 to the start of 2022, capital announcements chasing single-family rent growth have risen from $3 billion to over $50 billion, which translates to 125,000 homes at the current resale value of roughly $400,000, John Burns Real Estate Consulting reports. Housing Policy + Finance. Housing Policy + Finance.

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Pro Builder

DECEMBER 15, 2020

Tue, 12/15/2020 - 09:29. President-elect Joe Biden’s proposed tax credit for first time homebuyers aims to assist with an initial down payment, but brings with it the possibility of stretching the housing market even thinner. Earlier first-time buyer tax credits were intended to stimulate a moribund housing market. cbroderick.

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Pro Builder

MARCH 24, 2021

The National Association of Realtors says there were two to three offers for every home sold in February 2020. For housing inventory to meet demand, which would mean a six month supply, an additional 2.7 regions since August 2020. Financing. It’s a direct result of high demand and low supply. Read More. .

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Pro Builder

JANUARY 4, 2021

While the overall economy was sent into a tailspin, both the housing and mortgage industries flourished in 2020, thanks to the swift response from the Federal Reserve. From there, mortgage rates would drop 16 more times, finally landing at 2.66% at the end of 2020. Financing. A Year in Record-Breaking Mortgage Rates.

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Pro Builder

FEBRUARY 24, 2021

Despite being known as the slowest month for the housing market, December home prices advanced 10.4% from 2019 to 2020. gain marks the best performance of housing prices in a calendar year since 2013,” said Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices. cbroderick.

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Pro Builder

APRIL 5, 2021

In 2020, 70% of issued mortgages were given to those with credit scores of at least 760. The median credit score for borrowers was 786 during the fourth quarter of 2020. Americans who want to break into the housing market this spring face plenty of other challenges. This is a 9% increase from 2019. Read More. .

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Pro Builder

JULY 28, 2020

Tue, 07/28/2020 - 09:08. When unemployment spiked, the Federal Housing Finance Agency put forth measures such as yearlong mortgage forbearance and a moratorium on foreclosures for federally backed mortgages to keep citizens housed. Is a Foreclosure Crisis on the Horizon? cbroderick.

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Pro Builder

MARCH 22, 2022

Property tax collections have been susceptible to only very small annual fluctuations, reflecting the long-term stability of property values, NAHB Eye on Housing reports. Year-over-year growth of four-quarter property tax revenue has decelerated over the past two quarters after accelerating each quarter from Q3 2020 to Q2 2021.

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Pro Builder

NOVEMBER 23, 2021

The new law ends a tax liability for builders installing new water or sewer infrastructure to support additional housing in areas served by a corporate, for-profit water utility. 31, 2020, ends this tax liability and could not come soon enough for James Carbine, a residential builder/developer in the Nashville area.

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Pro Builder

APRIL 7, 2021

CNBC says applications to refinance are at the slowest pace since June 2020. That annual comparison will be very large for the next few months, as the housing market stalled almost completely last year at this time, when the pandemic shut down the economy. Financing. It rebounded dramatically at the start of the summer.

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Pro Builder

MAY 26, 2021

from March, marking the lowest rate since June 2020. Homebuyer demand remains stable due to low interest rates and a desire for lower-density housing, says the National Association of Home Builders, but the persistent materials and cost issues have pushed prices up 20% compared to one year ago. New-home sales in April dropped 5.9%

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Pro Builder

MAY 11, 2021

Gallup found 71% of American adults predict the average price of a home to increase, a stark jump from April 2020 results when 40% expected prices to rise. These expectations show Americans view today’s housing market as booming and highly competitive. And 18% say home prices will remain the same through 2021. Read More. .

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Pro Builder

DECEMBER 1, 2021

The Case-Shiller House Price Index shows month-over-month price deceleration on a seasonally adjusted basis, suggesting that the market is slowing despite a continuation of record high prices. According to Bill McBride’s CalculatedRisk Newsletter, the Federal Housing Finance Agency is reporting an 18.5 Housing Markets.

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Pro Builder

FEBRUARY 14, 2022

From October 2020 to September 2021, just 9.1% Housing discrimination has hit Black buyers the hardest during the COVID-19 pandemic, particularly as a foreclosure crisis disproportionately impacted communities of color. . Housing Policy + Finance. Housing Markets. of total U.S. buyers were Black, and only 43.1%

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Pro Builder

MARCH 22, 2022

Home Innovations Research Labs is kicking off preparations for its newest changes to the 2020 National Green Building Standard. Housing Policy + Finance. Preparations Begin for the 2024 National Green Building Standard Update. Tue, 03/22/2022 - 10:29. Government + Policy. Codes + Standards. Government + Policy.

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Pro Builder

JULY 5, 2022

According to Redfin, purchases of second homes with high flood risks rose by 45% in 2020 and 2021 from the two years prior, while purchases of second homes with high storm risk and high heat risk ticked upward by 40% and 39%, respectively. . Housing Markets. New-Home Sales. Environmental.

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Pro Builder

APRIL 2, 2021

This marks the seventh consecutive week mortgage rates have climbed, now reaching the highest level since June 2020. Already there are signs that some buyers are calling it quits in today’s housing market. Although mortgage rates remain low, we are beginning to see a pullback by those looking to enter the housing market,” Khater said.

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