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Housing Starts

Optimism spreads after new home sales climb in December

January 27, 2023 by Brett Tams

Mortgage rates are falling and builders are offering incentives to buyers, but that wasn’t enough to prop up new home sales in 2022. 

Posted in: Mortgage, Mortgage Rates, Real Estate Tagged: 2, 2021, 2022, 30-year, 30-year mortgage, 30-year mortgage rate, affordability, All, Applications, before, Builder Sentiment, builders, buyers, Buying, Census Bureau, construction, cost, data, DEPARTMENT OF HOUSING AND URBAN AND DEVELOPMENT, Department of Housing and Urban Development, Economy, entry, Fall, Family, Financial Wize, FinancialWize, home, home builders, home market, home prices, Home Sales, Homebuilders, homeownership, homes, Housing, Housing market, Housing Starts, HUD, Joel Kan, LOWER, market, MBA, More, Mortgage, mortgage applications, Mortgage Bankers Association, MORTGAGE RATE, Mortgage Rates, Mortgages, nerdwallet, new, new construction, new home, new home sales, offer, pandemic, president, rate, Rates, Real Estate, Residential, sales, shopping, single, single-family, SINGLE-FAMILY HOUSING STARTS, Spring, trend, trends, U.S. Census Bureau, will, winter, Zillow

What to expect from homebuilders in 2023

January 25, 2023 by Brett Tams

Built’s Chris Boyd sits down with HousingWire to discuss homebuilder trends to watch in 2023 – including supply, demand, labor and lending.

Posted in: Paying Off Debts, Real Estate Tagged: 2021, 2022, 2023, 30-year, agents, All, ask, before, big, bills, Broker, build, Builder Confidence, builders, building, Built, business, buyer, buyers, Career, clear, commissions, company, construction, Consumers, contingency, contracts, cost, covid, Credit, custom, custom home, efficient, expectations, Family, Federal Reserve, Finance, Financial Wize, FinancialWize, financing, fixed rate, Fixed rate mortgage, Florida, General, good, hold, home, home builders, home building, home buyer, Homebuilders, homebuilding, homes, Housing market, Housing Starts, Hurricane, impact, industry, Inflation, Insurance, interest, interest rate, interest rates, interview, inventory, Investing, items, job, learned, lending, line of credit, Live, Loans, love it, low, LOWER, Make, making, Making Money, manufacturing, market, markets, Midwest, money, More, Mortgage, Move, Moving, needs, new, new construction, new home sales, offer, opportunity, Other, pizza, points, president, project, projects, property, Purchase, quality, questions, rate, Rates, Real Estate, Research, Residential, risk, sales, Sell, selling, shortage, shortages, single, single-family, space, spec, Strategies, Technology, texas, trends, volatility, volume, will, work, working, Zoom, zoom out

US housing market weakness persists as building permits and housing starts decline

January 22, 2023 by Brett Tams

However, homebuilder Jerry Konter noted that single-family production is running well below a one million-unit rate, indicating ongoing weakness in the housing market as high construction costs and elevated interest rates continue to present affordability challenges. “Even though single-family starts are up on a monthly basis, permits indicate that the housing market will slow down … [Read more…]

Posted in: Refinance, Savings Account Tagged: 2022, 2023, 4%, affordability, builders, building, building permits, buyers, construction, Financial Wize, FinancialWize, home, home builders, home building, home buyers, Housing, housing completions, Housing market, Housing Starts, interest, interest rates, Jerry Konter, LOWER, market, Mortgage, Mortgage Rates, Multifamily, NAHB, National Association of Home Builders, Permits, present, president, rate, Rates, running, second, shortages, single-family, sustainable, will, wood

Housing starts fall to cap first annual decline since 2009

January 20, 2023 by Brett Tams

New U.S. home construction declined for a fourth-straight month in December, wrapping up a disappointing year for an industry that saw annual housing starts fall for the first time since 2009. Residential starts decreased 1.4% last month to a 1.38 million annualized rate, a five-month low, according to government data released Thursday. New construction fell … [Read more…]

Posted in: Refinance, Renting Tagged: 2, 2021, 2022, 4%, affordability, All, appliances, build, builders, buyers, construction, data, Economy, Fall, Federal Reserve, Financial Wize, FinancialWize, furniture, government, home, home construction, homebuilding, homes, Housing, Housing inventory, Housing market, Housing markets, Housing Starts, improvement, industry, low, market, Mortgage, Mortgage Rates, Multifamily, new, new construction, offer, Originations, Other, pandemic, Permits, projects, rate, Rates, Residential, sales, soaring, survey

Homebuilders are pushing through inventory backlog

January 20, 2023 by Brett Tams

A slowing housing market led homebuilders to pull back, starting just 1.53 million housing units in 2022, down 3% from 2021.

Posted in: Mortgage, Mortgage Rates, Paying Off Debts, Real Estate Tagged: 2021, 2022, 4%, All, builders, building, building permits, buyer, buyers, construction, contracts, existing, Family, Financial Wize, FinancialWize, First American, front, General, Homebuilder confidence, Homebuilders, homes, Housing, housing completions, Housing market, Housing Starts, impact, inventories, inventory, LOWER, market, Midwest, More, Mortgage, Mortgage Rates, Multi-Family, Multifamily, multifamily housing, new, Odeta Kushi, offer, Permits, pressure, projects, rate, Rates, Real Estate, sales, second, single, single-family, single-family homes, SINGLE-FAMILY HOUSING STARTS, soaring, Spring, U.S. Census Bureau, U.S. Department of Housing Development, under, will

For mortgage rates to get better, we need more housing completions

January 20, 2023 by Brett Tams

The Census Bureau’s housing starts report for December shows that housing completions are still too slow and we are running out of time.

Posted in: Mortgage, Mortgage Rates Tagged: 10-year yield, 2, 2021, 2022, 2023, All, apartments, before, Behavior, build, builders, building, building permits, business, Census Bureau, charity, construction, data, existing, Existing home sales, Fall, Financial Wize, FinancialWize, good, great, growth, home, Home Sales, Homebuilders, homes, Housing, housing completions, housing demand, Housing market, Housing permits, Housing Starts, index, Inflation, low, LOWER, Make, Make Money, market, markets, model, money, More, Mortgage, Mortgage Rates, Move, new, new home, new home sales, News, Other, Permits, products, Purchase, rate, Rates, Recession, Rent, rental, running, sales, single-family, SINGLE-FAMILY HOUSING STARTS, survey, under, will, work, working

U.S. Housing Starts Fell in 2022, as the Nation Builds Fewer Homes

January 20, 2023 by Brett Tams

Construction on new U.S. homes fell a seasonally adjusted 1.4% in December to 1.38 million, the Commerce Department said Thursday.
Posted in: Moving Guide Tagged: 2021, 2022, 4%, apartments, builders, building, building permits, buyers, construction, existing, Fall, Financial Wize, FinancialWize, homes, Housing, Housing Starts, inventory, jump, MarketWatch, Midwest, new, new construction, Permits, rate, Rates, running, shortage, single-family, single-family construction, single-family homes, stocks, The Wall Street Journal, Treasury, wall

TPO non-Agency products; credit reporting, QC, home insurance, fee collection tools; mortgage apps skyrocket

January 19, 2023 by Brett Tams

A friend out in California asked me how much, on average, I spend on a bottle of wine. I replied, “About half an hour.” Plenty of wine is being consumed while watching Yellowstone and 1923, and while all the women are ogling Spencer Dutton in 1923, in some non-mortgage news to save the economy the Secretary of Homeland Security will announce next month that the Immigration and Customs Enforcement will start deporting seniors (instead of illegals) to lower Social Security and Medicare costs. A major study concluded that older people are easier to catch, offer less resistance, and, more importantly, will not remember how to get back home. In actual news, lenders who own servicing continue to peel it off because it either doesn’t fit their portfolio, or they need the cash. The owners of lenders continue to examine various business strategies as we start 2023, with some thinking that it doesn’t make sense to remain the size they are. There was a lot of mergers and acquisition activity last year, big and small. I am told by my M&A friends at STRATMOR (Garth & David) that 2023 is lining up for even more. (Both will be in San Diego at the IMB Conference if you want to confidentially meet up.) This week’s podcast is sponsored by Candor. Candor’s patented automated underwriting decision engine, CogniTech™, is a state-of-the-art, 100% machine platform that can handle infinite loan scenarios. Today’s has Part Two of an interview with Tom Booker and Tom Showalter on how every underwrite is an anomaly.

Posted in: Refinance, Renting Tagged: 2, 2022, 2023, acquisition, active, agent, All, android, app, apple, Applications, Apps, author, Bank, bank statement, before, Benefits, big, black, Black Knight, bonds, Broker, building, business, california, CEO, clear, closing, collecting, Commentary, company, correspondent, cost, Credit, credit history, customer service, data, decades, decision, dream, dream home, driving, earnings, Economy, Employment, energy, Enforcement, estate, existing, Existing home sales, experience, experts, Fall, fed, Fees, Finance, Financial Wize, FinancialWize, FOMC, gas, goals, Google, great, Grow, gym, Hiring, history, hold, holiday, home, Home Insurance, Home Sales, Housing, Housing market, Housing Starts, How To, Income, index, industrial, industry, Insurance, interview, inventories, Invest, investment, investors, iOS, Learn, learned, lenders, lending, list, loan, Loan officer, loan officers, Loan origination, Loans, Local, M&A, Make, market, Marketing, markets, MBA, MBS, Medicare, mobile, Mobile App, model, modern, Monetary policy, money, More, Mortgage, mortgage apps, mortgage credit, mortgage loans, Mortgage News, MORTGAGE RATE, Mortgage Rates, Mortgages, NAHB, new, News, non-QM, offer, offers, Offices, Operations, Origination, Other, payments, platinum, podcast, pool, portfolio, president, products, programs, Purchase, purchase market, quality, rate, Rates, ready, Real Estate, real estate agent, Refinance, Relationships, resolutions, returns, Revenue, Review, Reviews, risk, running, sales, san diego, save, securities, security, Seniors, Servicing, shares, shopping, single, sleep, Social Media, social security, Software, Spending, Strategies, survey, tax, tax returns, Technology, timing, title, tools, Treasury, trend, Underwriting, VA, versus, Video, virtual, volume, will, women, work, working

Homebuilders are leaving the cupboard bare for tomorrow

January 18, 2023 by Brett Tams

Housing starts declined slightly in November, but economists are more troubled by the lack of building permits issued to homebuilders.

Posted in: Paying Off Debts, Real Estate Tagged: 4%, affordability, All, balance, borrowing, builders, building, building permits, buyers, Compass, construction, cost, crash, Economics, expensive, Family, Financial Wize, FinancialWize, home, home buyers, home construction, Homebuilder confidence, Homebuilders, homebuilding, homes, Housing, housing crash, Housing market, Housing Starts, HUD, improvements, Inflation, inventory, Main, Make, market, Midwest, More, Mortgage, Mortgage Rates, Multifamily, new, Operations, Other, Permits, president, rate, Rates, Real Estate, sales, single, single-family, trend, U.S. Census Bureau, will, winter, work, Zillow

Recession ≠ Correction ≠ Crash

January 17, 2023 by Brett Tams

Recession: Likely Correction: Maybe Crash: Unlikely Recession Housing Recession = Loss in Construction Jobs In the last 10 years, home builders have been busy. But, housing supply doesn’t have a cartel like oil suppliers have OPEC. So, most builders & many city councils got overzealous…

The post Recession ≠ Correction ≠ Crash appeared first on GeekEstate Blog.

Posted in: Paying Off Debts Tagged: 2022, 2023, advice, advisor, All, Big Picture, Blog, builders, Cities, city, construction, crash, Credit, days on market, Debt, existing, Financial advice, Financial Advisor, Financial Wize, FinancialWize, Forecast, government, growth, home, home builders, Home Price, home price growth, home prices, homeownership, homeownership rate, homes, Housing, housing crash, Housing inventory, Housing market, housing recession, Housing Starts, index, inventory, jobs, landlord, market, markets, Mortgage, mortgage credit, Mortgage Credit Availability, Mortgage Credit Availability Index, new, new construction, Permits, projects, rate, Real Estate Investing, Recession, resale, Sell, selling, tax, Vs., will
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