Construction Business Owner

NOVEMBER 5, 2020

Thu, 11/05/2020 - 10:50. s strategy for better storeroom efficiency & inventory control. How Improved Asset Management Increased Profits for One Virginia Contractor. Elizabeth Manning. Breaking down Virginia-based contractor Superior Paving Corp.'s

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Pro Builder

FEBRUARY 5, 2021

Buyers Face Tough Conditions as Housing Inventory Drops 43% Annually. If homebuyers are fed up with the rising home prices and low inventory now, the upcoming spring homebuying season could make this season look effortless. January housing inventory dropped 43% compared to January 2020, according to Realtor.com.

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Pro Builder

JUNE 28, 2022

When Predicting a Housing Slowdown, Inventory Is Key. The housing market is cooling after two years of frenzied buyer activity, but a slowdown in home price growth hinges on existing and new home inventory. And the sharp decline in inventory during the pandemic (green arrow) was an indicator that price appreciation would increase.

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Pro Builder

MAY 6, 2021

New Construction Hits Record Highs as Inventory Posts Record Lows. during the first quarter of 2021 compared to 2020 and housing starts rose 15.3% percent during the first quarter of 2021 compared with the first quarter of 2020. cbroderick. Thu, 05/06/2021 - 09:48. Single-family home starts increased 19.6% in March alone.

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Pro Builder

JANUARY 12, 2023

First-Time Buyers Burdened by Lack of Entry-Level Inventory. According to data from title Insurance company First American, from 2000 until the beginning of the pandemic in 2020, on average, new homes made up 11% of total housing inventory. Thu, 01/12/2023 - 11:29. Market Data + Trends.

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Pro Builder

MARCH 25, 2021

As Spring Buying Season Approaches, Inventory Drops. Buyers entering the housing market in the spring buying season will face difficulties as housing inventory dropped nearly 50% compared to 2020. lower than February 2020. When it comes to newly listed homes for the month, those were lower than 2020 levels by 24.5%.

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Pro Builder

DECEMBER 1, 2020

New-Home Inventory at Three-Year Low as Sales Outpace Construction. Tue, 12/01/2020 - 10:47. The historic margin of new-home sales versus construction starts from the end of summer are continuing to affect overall new-home inventories. Inventories for new homes are now at a three-year low. cbroderick. Sales are up 20.6%

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Pro Builder

SEPTEMBER 23, 2021

Is Housing Inventory Much Lower Than We Think it is? It seems likely that active inventory is down close to 25% year-over-year, rather than 13.4%. An analysis of the existing home sales by Calculated Risk noted that inventory may be much less than what the National Association of Realtors report shows. Thu, 09/23/2021 - 10:58.

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Pro Builder

MAY 18, 2021

Monthly Housing Inventory Drop Improved Slightly in April. Back in March, there were signs of a possible upturn in inventory for the month of April, yet housing inventory dipped 1.4% Back in March, there were signs of a possible upturn in inventory for the month of April, yet housing inventory dipped 1.4%

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Pro Builder

DECEMBER 21, 2021

Housing Inventory Slowed by Supply Chain Disruptions. Home construction is peaking, but new inventory may still offer inadequate supply. This is normal for new home purchases, but the extra 70,000 and 150,000 single family homes under construction is excess inventory that will need to be absorbed. Tue, 12/21/2021 - 10:13.

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Pro Builder

APRIL 5, 2021

If Home Prices and Inventory Weren’t Enough, Buyers Now Struggle to Get Mortgages. Mortgage credit availability has reached near its lowest level since 2014, adding another hurdle for prospective buyers on top of low inventory and rising home prices. The median credit score for borrowers was 786 during the fourth quarter of 2020.

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Pro Builder

MAY 23, 2022

Housing Inventory Is Falling at Its Slowest Pace in Two Years. April for-sale housing inventory fell at a single-digit year-over-year pace for the first time since the start of the pandemic. Year-over-year for-sale inventory dropped 9% in April, the first single-digit decline since the start of the pandemic, Redfin reports. .

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Pro Builder

APRIL 23, 2021

Housing Inventory Shows Promising Signs of Potential Rebound. Housing inventory began to show its first signs of a rebound in March when stock took a much shallower dip and even increased from February in some markets. For-sale inventory dropped 1.1% For-sale inventory dropped 1.1% cbroderick. Fri, 04/23/2021 - 10:10.

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Pro Builder

DECEMBER 27, 2021

Low Inventory Slows New Home Sales at the Close of 2021. Despite hitting an all-time low of 33 thousand completed homes for sale earlier this year, inventory is back up to 39 thousand, and the inventory of homes under construction is at its highest since 2007, though supply-chain issues will likely delay many projects into the coming year.

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Pro Builder

JUNE 11, 2020

Homebuyers in Search of Space Will Face Historically Low Inventory . Thu, 06/11/2020 - 10:17. Even before the pandemic, the housing industry struggled with the lack of housing inventory, especially at the affordable end. But when they start shopping around, finding the right home may not be easy, according to HousingWire.

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Pro Builder

FEBRUARY 17, 2022

Low Inventory and Price Gains Could Pose Challenges for Spring Shoppers. in January as inventory dropped to a record low of 900,000 total listings, a 42.4% decline from January 2020, Zillow reports. in January as inventory dropped to a record low of 900,000 total listings, a 42.4% Thu, 02/17/2022 - 10:18.

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Pro Builder

NOVEMBER 1, 2021

Buyers Lower Expectations After Third Straight Quarter of Low Housing Inventory. The drop in perceptions of availability comes after a period of increased home buying in the final quarter of 2020 and reflects the subsequent decrease in home sales throughout 2021. . Mon, 11/01/2021 - 10:03.

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Pro Builder

AUGUST 19, 2021

New Federal Reserve Study Seeks Answers for Housing Inventory Decline. A new study by the Federal Reserve sought to discover whether the lack of inventory caused rising home prices. Some counties reported 60% year-over-year declines for inventory, others saw 30% drops, says MarketWatch. cbroderick. Thu, 08/19/2021 - 10:53.

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Pro Builder

JULY 29, 2021

Inventory Shortage, Rising Prices Affect Luxury Market. The luxury home market has experienced the same buying frenzy seen in the middle and lower ends of the market, resulting in rising home prices and fast-moving inventory. increase in the number of homes sold above $1 million in May 2021 compared to May 2020. . cbroderick.

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Pro Builder

JULY 22, 2021

Starter Home Inventory at Five-Decade Low. There were 418,000 new starter homes constructed in the late 1970s, but there were just 65,000 starter homes completed in 2020. Freddie Mac defines entry-level housing as homes up to 1,400 square feet, and inventory for those homes is now at a five-decade low, reports Realtor.com.

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Pro Builder

MARCH 4, 2022

The Median Home Price Is Up to a New Record High as Inventory Drops. A lack of housing inventory caused the typical home to sell for 0.8% The number of active listings fell to an all-time low of 456,000, down 24% year-over-year and 50% from the same period in 2020. Fri, 03/04/2022 - 10:22. Redfin reports.

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Pro Builder

OCTOBER 2, 2020

Housing Inventory Continues to Dwindle As Prices Advance. Fri, 10/02/2020 - 09:47. Homes on the market lag far behind last year's available inventory. cbroderick. In a normal world, buyer demand would have most likely eased up in October, but it does not appear to be headed that way.

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Pro Builder

FEBRUARY 8, 2021

The Condo Market Lagged in 2020—Can It Bounce Back? Zillow’s 2020 Suburban/Urban Report found where Americans want to live remained fairly steady, but the performance of the condo market last year points toward a shift in what Americans want to live in. cbroderick. Mon, 02/08/2021 - 09:12. Read More. . Multifamily.

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Pro Builder

MAY 29, 2020

Weekly New Listings, Pending Sales Spike, While Inventory Remains Tight. Fri, 05/29/2020 - 09:54. Buyers and sellers are returning to market as states reopen and public health policies gain clarity, and though inventory remains sparse, the housing market is looking better than it has in months.

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Pro Builder

FEBRUARY 2, 2021

Despite Low Inventory, Buyers are Positive About Housing Availability. Prospective homebuyers were more negative about the housing market conditions, specifically housing availability, in 2019 compared to 2020, according to the National Association of Home Builders’ Housing Trends Report. cbroderick. Tue, 02/02/2021 - 09:12.

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Pro Builder

NOVEMBER 29, 2021

New Home Sales Remain Far Below 2020 Rates. Year-over-year single family home sales suggest a slow end to the 2021 market after a 2020 surge. below the October 2020 rate of 969,000, according to the CalculatedRisk Newsletter. . below the October 2020 rate of 969,000, according to the CalculatedRisk Newsletter. .

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Pro Builder

SEPTEMBER 16, 2020

What Can Buyers Expect from the Remainder of 2020? Wed, 09/16/2020 - 09:47. Tri Nguyen, founder and CEO of Network Capital Funding Corporation, forecasts possible changes to lending regulations, more attraction to affordable locales, and a reemergence of housing inventory. A Steady Re-Emergence Of Housing Inventory.

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Pro Builder

OCTOBER 16, 2020

An Influx of Buyers Nearly Dries Out Palm Beach's High-End Inventory. Fri, 10/16/2020 - 09:16. Compared to last year, there are 79% fewer homes for sale, bringing Palm Beach’s housing inventory down to a five or less month supply. cbroderick. Palm Beach has emerged as one of the hottest real estate markets right now, says CNBC.

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Pro Builder

JUNE 3, 2020

2020 Housing Giants Report: The Magnificent Middle. Wed, 06/03/2020 - 13:00. 2020 Housing Giants Ranked. Offering a mix of starter and first- and second-move-up product priced from the $380,000s to $800,000s, most of it presold, the company made plans to expand into nearby Yolo County in 2020. Then there’s No.

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Pro Builder

FEBRUARY 19, 2021

Single-Family Built-for-Rent Inventory Jumps 50% From 2019. According to NAHB’s analysis of the Census Bureau’s data on quarterly starts and completions, roughly 12,000 single-family built-for-rent homes began construction at the end of 2020’s fourth quarter. cbroderick. Fri, 02/19/2021 - 09:43.

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Pro Builder

DECEMBER 18, 2020

An In-Depth Analysis of 2020’s Buyers and Sellers. Fri, 12/18/2020 - 09:23. Survey results come from buyers and sellers who purchased sometime between July 2019 to June 2020. Tightened inventory is affecting the home search process of buyers. cbroderick. To build, a builder needs to know their buyers.

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Pro Builder

JUNE 4, 2020

Will Home Prices Drop in 2020? Thu, 06/04/2020 - 10:13. Low inventory and interest rates are keeping housing prices stable through 2020, but by next April, nine years of annual home prices gains may end, according to a report by CoreLogic. The real estate data company projects that prices will decline 1.3

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Pro Builder

JANUARY 11, 2021

The 2020 Housing Issues Sticking Around This Year. Low inventory, high home prices, working from home, rising home values—all these factors were a part of the flourishing housing market this year, but will they continue on through 2021? Many problems from 2020 will live on, says the Washington Post, such as housing affordability.

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Pro Builder

JANUARY 29, 2021

2020 New-Home Sales Hit 14-Year High. New single-family homes sold nearly 20% more in 2020 than in 2019, likely due to the shortage of existing homes on the market. According to Zillow, last year was the best year for new-home sales since 2006, thanks to low mortgage rates, low inventory, and the pandemic. cbroderick.

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Construction Equipment

OCTOBER 28, 2020

Caterpillar third-quarter 2020 sales dropped 23 percent compared to the same period in 2019, to $9.9 The company cited “lower sales volume driven by lower end-user demand” and dealers decreasing their inventories more this year than last in its Q3 2020 financial report.… billion from $12.8

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Pro Builder

FEBRUARY 4, 2021

Suburban and Urban Markets Experienced Similar Growth in 2020. Zillow’s 2020 Urban/Suburban Report found rising home prices and increased demand were both prevalent in suburban areas and urban areas, despite talks of a mass urban exodus and suburban shift. during 2020. cbroderick. Thu, 02/04/2021 - 12:33.

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Pro Builder

JANUARY 26, 2021

Trillion in 2020. trillion increase in 2020 alone. The intense demand for housing pushed prices to new highs and inventory to new lows, but Zillow says 2021’s housing market could be even stronger. Alaska was the only state where the housing stock lost value in 2020, down 1.8% Home Values Increased by $2.5 cbroderick.

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