Pro Builder

MARCH 11, 2022

Buyers are racing to snatch up for sale properties as slightly lower mortgage rates offer temporary affordability. As housing supply dropped to a new low during the four week period ending March 6, three out of five homes that went under contract across the U.S. sold within two weeks, often by 1.1% New-Home Sales.

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Housing Risk Contract 98

Pro Builder

DECEMBER 19, 2022

for the week ending Dec. For the first time in 49 weeks, home price growth posted a single-digit gain of 9.5% for the week ending Dec. the week prior, Realtor.com reports. So why aren’t home shoppers taking advantage of the one-two combo of slowing home prices and lower mortgage rates? 10, down from 10.3%

Housing 52

Housing 52

Pro Builder

APRIL 10, 2023

Elevated borrowing costs and still-high home prices are discouraging buyers from purchasing and sellers from listing. New listings were down 20 percent year-over-year in March and were down almost 27 percent compared to March 2019, and according to The New York Times , those listings were usually overpriced or in need of renovation.

New York 52

New York Renovating Housing 52

Pro Builder

DECEMBER 2, 2022

As an affordability crisis widens at the close of 2022, housing experts say homebuyers will likely take a more cost-conscious approach to home purchases in the year ahead. Zillow expects national home values to remain relatively flat next year, and even fall in the most affordability-challenged markets. Market Data + Trends. New-Home Sales.

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Inventory Housing Contract 98

Pro Builder

JANUARY 20, 2023

year-over-year to $350,250 during the four weeks ending Jan. year-over-year to $350,250 during the four weeks ending Jan. Mortgage-purchase applications also rose 25% from the week before, a jump that could lead to an uptick in home sales over the coming weeks, especially if rates remain at the current 6.15% level.

Schedule 52

Schedule Housing 52

Pro Builder

AUGUST 26, 2022

Would-be sellers are opting not to list their homes as elevated mortgage rates dampen buyer demand and cause prices to fall. New for-sale listings fell 15% in the four weeks ending August 21, the biggest annual decline since the start of the pandemic, according to Redfin. The supply of for-sale homes fell 0.6%

Bargains 52

Bargains Budgeting Budget Housing 52

Pro Builder

MAY 8, 2023

Spring Home Searches Narrow as Sellers Pull Back ldeakins Mon, 05/08/2023 - 10:38 Elevated mortgage rates aren’t the biggest roadblock for homebuyers this spring The average for the 30-year, fixed-rate mortgage has hovered below the 6.5% range for several weeks, settling in at 6.39% this week.

Equity 52

Equity Inventory Housing 52

Pro Builder

DECEMBER 19, 2022

from October to November as elevated interest rates continued to put a dent in homebuyer demand, forcing sellers to offload homes at lower prices after weeks without offers. Despite consecutive monthly gains throughout much of 2022, mortgage rates trended lower in November, bringing typical mortgage payments down 4.8%

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San Jose Raleigh Tampa Miami 52

Pro Builder

APRIL 20, 2022

Mortgage Rates Are Rising, But Some Homeowners Are Staying Behind the Curve. Nearly one-third of all homeowners still have mortgage rates below 4%, prompting many to hold off on home sales. Though buyer demand isn’t waning, prospective sellers are opting to keep their homes off of the market to hold onto ultra-low rates.

Inventory 52

Inventory Housing 52

Pro Builder

JULY 8, 2022

As Higher Mortgage Rates Price Out Buyers, an Affordability Crisis Widens. Rising mortgage rates are cooling a long overheated housing market, but not all buyers benefit from the most recent series of rate hikes. Mortgage rates are roughly 2.5% In a widening affordability crisis, lower-income buyers are being left behind.

Income 52

Income Inventory Portland Metro 52

Pro Builder

SEPTEMBER 2, 2022

The average sale-to-list ratio fell below 100% for the first time since March 2021 during the four-week period ending August 28. Home prices may be easing, but homebuyer demand is still quelled by elevated mortgage rates, which recently rose to 5.66%, their highest level since June. Fri, 09/02/2022 - 10:02. New-Home Sales.

Budgeting 52

Budgeting Budget 52

Pro Builder

JUNE 1, 2023

Total listings of both new and existing homes are up 23.4% compared with last May, but those homes are staying on the market for a median of 43 days, which is roughly two weeks longer than they were staying on the market a year ago. Again, this comes back to still-high mortgage rates.

Housing 52

Housing Inventory Compensation Management 52

Pro Builder

OCTOBER 6, 2022

Denver buyers are becoming more selective as housing costs soar to new highs, and in response, a number of sellers are being forced to make concessions . As interest rates on a 30-year mortgage approach 7%, buyers are beginning to negotiate for lower prices, and sellers are being forced to oblige in order to attract offers. .

Denver 52

Denver Negotiation Metro Claims 52

Pro Builder

APRIL 8, 2022

Home sellers are lowering their asking prices to accommodate buyers inhibited by a growing affordability crisis. As mortgage rates exceed 5% and more homebuyers are priced out of a heated housing market, home sellers are beginning to drop their asking prices, a clear sign of an approaching slowdown, experts say. Affordability.

Seattle 52

Seattle Housing 52

Pro Builder

SEPTEMBER 14, 2022

As Home Sales Slow, New Listings Are Falling. Active inventory growth is at a standstill as fewer sellers opt to list their properties in the midst of a fast-paced housing correction. We are seeing a significant year-over-year decline in the housing market, with more price reductions, and fewer sales. Wed, 09/14/2022 - 09:59.

Inventory 52

Inventory Bargains Housing Construction 52

Pro Builder

FEBRUARY 10, 2022

Mortgage Applications Drop 10% As Interest Rates Continue to Rise. Rising interest rates and declining inventory are pushing more prospective buyers out of a frenzied market at the start of 2022. Mortgage rates followed the U.S. the previous week. Thu, 02/10/2022 - 09:27. of total applications from 57.3%

Inventory 52

Inventory Forecasting Banking Housing 52

Pro Builder

SEPTEMBER 16, 2022

While home prices rose for the 39th straight week at the start of September, a growth measurement of 11.9% during the week ending September 10 was markedly lower than the 15%-16% range seen in July. For the week ending Sept. That’s the 10th straight week of year-over-year declines, and a double-digit drop at that.

Inventory 52

Inventory Housing 52

Pro Builder

JULY 16, 2020

Home Sales Above Pre-Pandemic Levels, Mortgage Rates Drop Even Lower. Record low mortgage rates helped push homebuyer demand past pre-pandemic levels for the week ending July 5. Unfortunately, new listings remain at pre-pandemic levels for the third consecutive week, continuing the housing market’s theme of low supply.

Boston 52

Boston Housing Resource Industrial 52

Pro Builder

JULY 1, 2022

The Fed's most recent mortgage rate hike is putting a damper on home sales, and in order to attract remaining buyers, sellers are increasingly slashing their asking prices. The median asking price of newly listed homes fell 1.5% during the four-week period ending June 26, while 6.5% Fri, 07/01/2022 - 10:48. Affordability.

Housing 52

Housing 52

Pro Builder

OCTOBER 16, 2020

Mortgage Rates Hit New Bottom for 10th Time. For the 10th time this year, mortgage rates dropped to record lows. The average rate for a 30-year fixed-rate mortgage dropped down to 2.81% this week. The median home list price shot up 12.2% over last year in the week ending Oct. cbroderick. Financials.

Inventory 52

Inventory Resource 52

Pro Builder

JULY 1, 2021

The National Association of Realtors’ chief economist calls the unexpected activity a “surprise” but notes mortgage rates, which dipped below 3%, could be the reason. In April, the much-watched S&P Case-Shiller National Home Price Index was up more than 14% year over year, the largest gain in its 30-year history. Read More. .

Industrial 87

Industrial Forecasting Finance Housing 87

Pro Builder

OCTOBER 6, 2020

Market Still Hot, But Growth Rates Point to Possible Cool-Down. For the four-week period ending September 27, the median home sale price advanced by 14% year over year to $319,769, a 6.5% For the four-week period ending September 27, the median home sale price advanced by 14% year over year to $319,769, a 6.5% cbroderick.

Housing 52

Housing Resource Safety 52

Pro Builder

OCTOBER 24, 2022

Pending home sales and new listings are recording their biggest year-over-year drops since the start of the pandemic as a growing number of prospective buyers are discouraged by 20-year high mortgage rates, Redfin reports. With rates sitting above 6.5% New-Home Sales. Market Data + Trends. New-Home Sales.

Housing 40

Housing Negotiation 40

Pro Builder

SEPTEMBER 23, 2022

As mortgage rates climb beyond 6%, prospective buyers are putting their home purchasing plans on the back burner while homeowners are becoming more hesitant to list their properties and enter into the opposite end of a volatile housing market as buyers. Market Data + Trends. Affordability. New-Home Sales.

Housing 52

Housing San Francisco CA Oakland 52

Pro Builder

JUNE 10, 2022

The housing market is slowing down at a rate not seen in over a decade, according to Moody's Analytics chief economist Mark Zandi. causing sellers to lower their list prices at the fastest pace since 2019. Earlier this year, financial markets, in response to Federal Reserve actions, priced up mortgage rates.

Housing 59

Housing Contract Charlotte Forecasting 59

Pro Builder

MARCH 28, 2022

year-over-year gain driven by soaring costs for single-family homes and rising mortgage rates nationwide. Buyers unable to find affordable single-family homes are turning to condos for slightly lower prices and less competition, but as demand surges, condo supply is inching its way toward a new record low. The average U.S.

Comparison 52

Comparison Contract 52

Viewpoint Construction Technology

AUGUST 30, 2018

Construction Jobless Rate Hits 18-Year Low, Industry Adds 19,000 Jobs. ENR reported this month that the July unemployment rate in the construction industry fell to 3.4 ENR reported this month that the July unemployment rate in the construction industry fell to 3.4 percent) and last July’s rate (4.9

Industrial 148

Industrial Construction Infrastructure Innovation 148

Pro Builder

SEPTEMBER 4, 2020

Low Mortgage Rates Are Not Enough to Keep Buyers Looking. Due to rising home prices, the end has come for those to take advantage of low mortgage rates to afford a home. For the week ending September 3, an average 30-year fixed-rate mortgage came out to 2.93% reports Realtor.com. Currently, median listing prices are 10.6%

Inventory 52

Inventory News Bidding Housing 52

Job Order Contracting

JUNE 14, 2019

The Davis-Bacon Act (DBA) requires the payment of prevailing wage rates (which are determined by the U.S. Part 5 covers the labor standards provisions that are in your contract relating to DavisBacon Act wage rates and the responsibilities of contractors and contracting agencies to administer and enforce the provisions.

Construction 100

Construction Employment Contract Regulation 100

Pro Builder

JULY 13, 2021

Active listings are down 32% compared to one year ago, but that’s a significant improvement for the sizzling housing market. Despite the seemingly dramatic drop of listings, this marks the smallest annual dip since early February, and active listings are up 8% compared to 2021’s record low in May. Read More. .

Inventory 52

Inventory Housing 52

Pro Builder

JUNE 1, 2021

Realtor.com compared the average days listed for markets across the country to identify areas where buyers need to act swiftly and where they might have extra time. Nationally, the average home spent 43 days on the market in April, which is three weeks faster compared to one year ago. Median list price: $489,950. Read More. .

Housing 52

Housing Metro Utah Arizona 52

Pro Builder

NOVEMBER 12, 2021

as well as lower birth rates. Homes are selling at a median of 1 week on market, with fewer offering incentives. For sellers who may have been antsy to be close to friends and family and to acquire more space, their home likely moved quickly. Thirty-five percent of sellers received more than asking price.

Equity 52

Equity Inventory Finance Housing 52

Pro Builder

MARCH 7, 2023

Engage Your Secret Weapon: The Lost-Customer Survey ibush Tue, 03/07/2023 - 15:16 Sending a simple survey to past prospects will do two things: reveal leads for buyers still in the market and ripe for a sale, and clean up your bloated CRM Jimmy Diffee A home builder recently came to me wondering what to do with a list of prospects who didn’t buy.

Visualization 52

Visualization Plans Resource Contract 52

Pro Builder

JANUARY 14, 2021

Knowing a metro topped the list for best work-life balance can be a selling point for buyers. The pandemic caused Americans to reevaluate their lives, including spending time with family and having more time to relax and enjoy life. SmartAsset says Madison has the second-lowest average hours worked per week at 36.4 Read More.

Metro 52

Metro Columbus Omaha San Francisco 52

Job Order Contracting

NOVEMBER 17, 2020

Labor for each construction task described in a line item is based upon local prevailing wages (or Davis-Bacon Wage Rates as determined by the contract/client), materials, and equipment rates, associated crews, and productivity. RFPs issued by the owner can be responded to within a couple of weeks or less.

Contract 130

Contract Bidding Procurement CSI 130

BD+C

SEPTEMBER 29, 2023

Yet, one of the most challenging tasks for any organization is figuring out how to raise rates for their services without creating too much disruption or customer attrition. Residents are more than willing to pay for the privilege of charging their vehicles conveniently on-site. But today's renters are a more discerning bunch.

Management 109

Management Security Electrical Profitability 109

Construction Marketing

AUGUST 3, 2011

Deploying a message to a list, with an offer, to generate a response. The elements of email marketing include the list, the email layout and copy, the subject line and the offer(s). While list costs (when required) may be similar or slightly higher than mail, email does not have printing or postage costs. Email Tips and Tricks.

Construction 243

Construction Software Software Bargains 243