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

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Pro Builder

JUNE 30, 2022

Investors Are Flipping Houses at a Faster Pace, but Profits Are Falling. Shrinking supply and elevated costs posed challenges for investors flipping houses at the start of 2022. percent, a 13-year low likely caused by a lack of inventory, The New York Times reports. Thu, 06/30/2022 - 10:38.

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Pro Builder

MARCH 16, 2023

Top 25 Finalists for Ivory Innovations' Housing Affordability Prize esorum Thu, 03/16/2023 - 09:09 This year’s finalists in the Construction & Design category include solutions to the labor shortage as well as environmentally friendly building solutions focused on decreasing construction time.

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Pro Builder

OCTOBER 16, 2020

An Influx of Buyers Nearly Dries Out Palm Beach's High-End Inventory. 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. Housing Markets. Housing Markets. cbroderick. Fri, 10/16/2020 - 09:16. More are heading to Florida.

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Pro Builder

MAY 25, 2023

As inventory dwindles and landlords raise rents, ongoing interest in the rental market is leading to faster and more expensive transactions, even as the for-sale market stagnates. Read more Build to Rent Housing Markets Market Data + Trends Market Data + Trends

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Pro Builder

JULY 26, 2021

Housing Market Outlook: Should Buyers Wait it Out? Should homebuyers consider waiting out the hectic housing market? Almost two-thirds of June listings resulted in bidding wars, and buyers continue to sweeten their offers by offering vacations and even crypto, but inventory remains low. Housing Markets. Housing Markets.

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Pro Builder

OCTOBER 1, 2022

Housing affordability recently took another hit as the 30-year fixed mortgage rate reached 7%, and a growing number of prospective buyers are struggling to stay in the game. But prices, while moderating, remain high in many markets because inventory is still far below prepandemic levels, said Lawrence Yun, the group’s chief economist.

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Pro Builder

JANUARY 27, 2022

Florida, Ohio Among the Nation's Most Overvalued Housing Markets. As more Americans migrate from major cities like New York and San Francisco, states like Florida, Ohio, and Idaho are seeing higher populations as well as much higher prices. Housing Markets. Housing Markets. Thu, 01/27/2022 - 10:29. Affordability.

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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. The new iPhone costs nearly $800, but a good quality smartphone is accessible for around $200. Why not housing? Life circumstances also play a role.

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Pro Builder

DECEMBER 16, 2020

Housing Markets Expected to Thrive in 2021. While many unexpected housing markets boomed this year due to the pandemic, 2021 may be the year for these 15 cities, says Forbes. Read on to find out the top housing markets to watch in 2021. cbroderick. Wed, 12/16/2020 - 09:51. Boise, Idaho.

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Pro Builder

JUNE 14, 2023

One solution to those challenges is to prioritize new housing development, but even builders are financially strained and face higher costs for materials and labor, tighter lending practices, rising interest rates, and ongoing supply chain disruptions. million homes for extremely low-income renters, The New York Times reports.

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Pro Builder

NOVEMBER 4, 2022

As Housing Costs Reach New Highs in a Market Correction, Buyers Brace for the Worst. Mortgage rates are climbing, inventory is dwindling, and home prices are still rising, but a market correction could bring about big changes in the year ahead. Fri, 11/04/2022 - 10:27.

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Pro Builder

MARCH 9, 2022

Remaining havens of housing affordability are struggling to retain their resident populations, but waves of newcomers could soon take advantage of leftover inventory and low prices. That’s led to a larger housing inventory than throughout most of the country. Housing Markets. Housing Markets. Affordability.

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Pro Builder

JULY 23, 2021

Buyers Pull Back After Extended House Hunting. The New York Times reports that Fannie Mae’s Home Purchase Sentiment Index found 64% of people think it’s a bad time to buy, up from 56% the month before. Every time you’re putting an offer on a house, you’ve effectively fallen in love,” Mr. Boyland said. cbroderick.

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Pro Builder

MAY 2, 2023

While house hunters are making a comeback to the for-sale market after months of hesitation in the midst of a housing correction, would-be sellers are still waiting it out on the sidelines. As a result, more than half said they plan to wait until rates fall before putting their homes on the market, The New York Times reports.

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Pro Builder

MAY 2, 2023

While house hunters are making a comeback to the for-sale market after months of hesitation in the midst of a housing correction, would-be sellers are still waiting it out on the sidelines. As a result, more than half said they plan to wait until rates fall before putting their homes on the market, The New York Times reports.

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Pro Builder

JUNE 14, 2023

One solution to those challenges is to prioritize new housing development, but even builders are financially strained amid higher costs for materials and labor, tighter lending practices, rising interest rates, and ongoing supply chain disruptions. million homes for extremely low-income renters, The New York Times reports.

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Pro Builder

JULY 25, 2022

Regional builders are holding off on new construction projects as buyer demand dips, but experts worry that delayed development will add to a decades-old housing shortage . A decades-old housing shortage has left the U.S.

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Pro Builder

MAY 24, 2021

Rising mortgage rates and a lack of homes to buy, especially affordable ones, are putting a damper on housing demand. With the sales of existing homes dropping in April, higher mortgage rates and continued low inventory are most likely to blame, says the New York Times. year over year, and housing inventory remained 20.5%

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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. Build to Rent.

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Pro Builder

MAY 17, 2022

The majority of housing markets lack starter homes under $150,000, and some pricey metros have none available at all. of homes in the United States were worth $1 million or more, but thanks to record low inventory and fast-rising prices throughout the COVID-19 pandemic, that share is now up to 8.2%, says The New York Times.

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Pro Builder

SEPTEMBER 8, 2020

The data from online mover marketplace HireAHelper found an “abnormally high" percentage of emigration from San Francisco, New York, and Los Angeles to smaller cities. One moving company in New York said moves between March and August were up 50% compared to last year. Admittedly, many of these moves may not be permanent.

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Pro Builder

JANUARY 4, 2022

For the second year in a row, the Sun Belt is dominating Zillow’s list of the nation’s hottest housing markets with metros like Tampa, Jacksonville, and Raleigh securing the top spots. Housing Markets. Housing Markets. Where the sun is hot, the real estate is even hotter. Zillow’s list of the top markets in 2022 is here.

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Pro Builder

FEBRUARY 4, 2021

Housing did remain hot, says Zillow, but suburban homes were slightly more competitive during the summer into fall months. On the other coast, the urban/suburban rent gap across the New York City metro widened more than anywhere else, with urban rents falling 7.8% Housing Markets. and suburban rents rising 5.7%

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Pro Builder

FEBRUARY 4, 2022

For nearly two years, buyers have faced soaring prices, plunging inventory, and tight competition, forcing many into rushed offers on homes that they may otherwise think twice about buying. Now, the desperation of some pandemic buyers is giving way to regret, according to The New York Times. New-Home Sales.

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Pro Builder

DECEMBER 1, 2020

Home prices have been hitting new highs all year, but California’s median prices are nearly $400,000 more than the country’s average. The median home price in September for California hit a whopping $712,430, according to the New York Times. This new median is the highest on record. Housing Markets. Read More. .

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Buisness Facilities Contributed Content

JULY 11, 2014

The updated New York incentives guide is brought to you by Real Street Expo , a new event sponsored by Business Facilities and Today’s Facility Manager magazines. For a list of New York economic development agencies that can help with the site selection process, visit our Online Site Seekers’ Guide.

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Pro Builder

MAY 20, 2022

Equity-rich homeowners are cashing out and leaving pricey markets to buy new homes in low-cost states. A red-hot housing market is pushing home values to new highs, and a subsequent increase in equity wealth is motivating some homeowners to relocate, according to The New York Times. New-Home Sales.

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Pro Builder

SEPTEMBER 14, 2021

But in some higher density, larger markets, such as New York City, Los Angeles, Boston, Minneapolis, Denver, and Portland, Ore., An increase in residences for sale would be a welcome shift, as the housing shortage is fueling the high price growth and bidding wars. the best week to buy is now through Sept. 18, says Realtor.com.

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Pro Builder

FEBRUARY 19, 2021

Despite record low housing inventory, some first-time buyers remain insistent on becoming homeowners, even if it means never seeing the home in person before buying, reports the New York Times. First-time buyers made up 36% of total buyers in April 2020, a 5% increase from the two prior years.

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Pro Builder

DECEMBER 21, 2020

With more Americans looking to buy as many existing homeowners are reluctant to list, housing inventory has fallen short across the country, but most in these metros. According to the New York Times, there are 38% fewer homes on the market across the 50 largest U.S. Housing Markets. Housing Markets.

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Pro Builder

OCTOBER 2, 2020

In America, home prices have seen double-digit increases in response to buyer demand and limited inventory, but many international cities are at greater risk for intense declines in home prices. Munich, Frankfurt, and Toronto are at the greatest risk while Los Angeles, San Francisco, and New York are listed as the US cities most overvalued.

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Pro Builder

JUNE 8, 2022

Market hurdles like historically low housing supply, surging mortgage rates, and stagnant income growth are keeping first-time buyers sidelined at the start of 2022. Other affordable metros include: Cleveland (3.1), Detroit (3.5), Buffalo, New York (3.6); and Baltimore (3.7). New-Home Sales. Wed, 06/08/2022 - 10:00.

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Green Building Law Update

SEPTEMBER 27, 2020

As a result, food service businesses and schools could continue to use existing inventories of polystyrene food service products until October 1, 2020, but were not be able to purchase additional polystyrene food service products after July 1, 2020. But maybe not in Maryland? Other states are considering similar laws.

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Pro Builder

MARCH 9, 2022

First-time buyers struggled the most in the wake of record high home prices and a lack of starter inventory, but metros like Pittsburgh and Cleveland offered some relative affordability. Louis (3.3), Buffalo, New York (3.5), and Detroit (3.5). Housing Markets. times median first-time home buyer income and 5.3

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Pro Builder

JUNE 1, 2021

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. Read More. . Construction. Building Materials.

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Buisness Facilities Contributed Content

APRIL 8, 2013

Houses and businesses cleared away, leaving swatches of sand or burned-out ruins in their wake. Nearly 50 fatalities were reported in New York in the days after the storm; the death toll in New Jersey did not exceed 40 thanks to heroic efforts by NJ Gov. Department of Housing and Urban Development. By Donna Clapp.

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