Pro Builder

SEPTEMBER 8, 2021

Everyone Wants in on Housing Flipping. Wed, 09/08/2021 - 09:29. One Long Island-based house flipper says now is the best time to be in the business, but finding inventory to rehab is the hard part. Fixer-uppers are fighting over limited stock as the foreclosure moratorium closes off a usually solid stream of inventory.

Housing 52

Housing Inventory Insurance Equity 52

Pro Builder

DECEMBER 6, 2021

Mon, 12/06/2021 - 16:25. In the third quarter of 2021, price growth began to normalize after months of record highs and inventory rose slightly across the nation, but first-time buyers still struggled in a competitive seller’s market, according to NerdWallet. Housing Markets. Housing Markets. Market Data + Trends.

Metro 52

Metro Inventory Income Equity 52

Pro Builder

JANUARY 8, 2021

Buyer and Seller Housing Market Optimism Drops. Fri, 01/08/2021 - 09:52. If so, this could have the effect of perpetuating already-tight inventory levels and supporting additional (albeit lesser) home price growth, which could contribute to a further moderating of home sales.”. cbroderick. Read More. . Market Data + Trends.

Housing 52

Housing Inventory Income Resource 52

Pro Builder

AUGUST 6, 2021

Fri, 08/06/2021 - 09:07. median income fell sharply from the first quarter to the second quarter of 2021. The National Association of Home Builders says building material costs, high demand, and low inventory have pushed home prices up by tens of thousands of dollars. Home Affordability Falls in the Second Quarter.

Income 52

Income NAHB Metro Inventory 52

Pro Builder

MAY 20, 2021

Thu, 05/20/2021 - 10:50. market while housing inventory is down, resulting in a competitive market, but these metros are the most competitive. SmartAsset identified the hardest places to purchase a home in America by analyzing the affordability, inventory, and pricing levels of the top 50 U.S. Housing Markets.

Metro 52

Metro San Diego Los Angeles Long Beach 52

Pro Builder

MARCH 3, 2021

Wed, 03/03/2021 - 09:04. Despite low, low housing inventory and rising home prices, first-time buyers accounted for 31% of home sales in the fourth quarter of 2020. metros, homes remained five times more expensive than the average first-time buyer income, reports NerdWallet. Nationwide, homes were listed for 4.7

St. Louis 52

St. Louis San Jose Los Angeles San Diego 52

Pro Builder

JUNE 7, 2021

Mon, 06/07/2021 - 09:47. The housing market may be leveling out as recent housing metrics slow. It's been reported all year that housing statistics are breaking records, then breaking those records, half of listings are scooped up in the first week, and buyers continue to bid on homes sight unseen. cbroderick.

Los Angeles 52

Los Angeles Inventory Bidding Housing 52

Pro Builder

JUNE 3, 2021

Thu, 06/03/2021 - 09:52. Economists say it’s likely due to hurdles such as rising home prices and tight inventory. Its best ranking is for the employment category, with the 23rd-lowest March 2021 unemployment rate (4.5%) and the 32nd-highest five-year change in median household income (34.42%). Housing Markets.

District of Columbia 52

District of Columbia Nashville Omaha Nebraska 52

Pro Builder

JUNE 2, 2021

Wed, 06/02/2021 - 09:41. FHA and VA loans offer low or even no down payment options for borrowers with lower incomes and credit scores. Tight housing inventory, obstacles to a faster rate of new construction, and rapidly rising home prices continues to hold back purchase activity,” said Joel Kan, an MBA economist.

Inventory 52

Inventory Income Finance Contract 52

Pro Builder

JUNE 30, 2021

Wed, 06/30/2021 - 10:30. A new joint report by the Urban Land Institute and RCLCO Real Estate Consulting found the single-family rental market has undergone an impressive increase in interest and growth as COVID-19 emphasized the need for various forms of housing. Inside the Single-Family Rental Demand. cbroderick. Read More. .

ULI 59

ULI Housing Inventory Income 59

Pro Builder

JUNE 1, 2021

Tue, 06/01/2021 - 10:14. The cost of construction continues to increase due to material and labor shortages, yet buyer demand remains so robust that builders risk losing business because they cannot supply inventory, says The New York Times. Every housing boom redefines where the city ends. cbroderick. Read More. .

Construction 52

Construction New York Inventory Housing 52

Pro Builder

NOVEMBER 1, 2022

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

Housing 98

Housing Inventory NAHB New York City 98

Pro Builder

JANUARY 25, 2022

NAHB Chairman's Letter: Americans Want Action on Housing Affordability. A recent survey conducted by polling firm Morning Consult on behalf of the National Association of Home Builders shows strong support for policies that would make housing affordable for more Americans. Chuck Fowke, NAHB 2021 Chairman.

NAHB 98

NAHB Housing Regulation Consulting 98

Pro Builder

APRIL 30, 2021

Current Housing Price Growth 'Not Sustainable'. Fri, 04/30/2021 - 09:29. While the housing market’s boom can be justified, there are a handful of trends resulting from low inventory and high demand that are not sustainable. Although home building is moving at its fastest pace since 2006, inventory stands at a thin 3.6-month

Sustainability 52

Sustainability Housing Inventory NAHB 52

Pro Builder

MAY 27, 2023

In a recent meeting , a client questioned why so many industries can find ways to create more affordable solutions but the housing industry can’t. Why not housing? Most people c an’t afford a Tesla, but there are attainable alternatives such as the Nissan Leaf or the Hyundai Kona. Life circumstances also play a role.

Housing 91

Housing Plans Design Zoning 91

Pro Builder

FEBRUARY 16, 2022

As limited supply and double-digit price increases push a growing number of prospective buyers out of the housing market, demand for single-family rental homes is hitting an all-time high, but increased competition and a similar lack of inventory are making the rental market an even more difficult alternative.

New York City 98

New York City Income Miami New York 98

Pro Builder

DECEMBER 15, 2021

Wed, 12/15/2021 - 09:57. Industry experts are predicting another tumultuous year for home buying with just a few exceptions from 2021. Though housing prices will remain high, a gradual uptick in mortgage rates paired with workplace flexibility could mean greater affordability and more options for buyers with wider search parameters. .

Housing 59

Housing Metro Inventory Income 59

Pro Builder

AUGUST 4, 2021

Wed, 08/04/2021 - 06:00. NAHB Policy Brief | Lumber prices have moderated, but lower costs haven't worked their way to builders; New home prices too expensive for lower-income households. New-Home Prices Squeeze Out Lower-Income Households . Why Builders Wait to See Lower Lumber Prices. National Association of Home Builders.

NAHB 98

NAHB Remodeling Inventory Income 98

Pro Builder

DECEMBER 15, 2021

Wed, 12/15/2021 - 17:31. Ivory Homes in Salt Lake City is Pro Builder's 2021 Builder of the Year. Instead, Clark Ivory reassumed his CEO duties and set a bold, uncharted course to diversify the company’s successful semi-custom, move-up home legacy to include affordable housing for an increasing underserved segment of buyers.

Innovation 122

Innovation Utah Housing Products 122

NH Construction Law

JUNE 30, 2021

A report by the New Hampshire Housing Finance Authority indicates that MLS listings in May 2021 were down 23% from a year earlier, while the New Hampshire Association of Realtors reports that the median price of single family home in May 2021 hit a record high of $402,000 (25.7% higher than May 2020). But let the buyer beware.

Residential 40

Residential New Hampshire Construction Income 40