BrianAnthony, Author at Residential Contractor

Freddie Mac Expects Housing Market to Remain Strong, Despite Recent Slowdown

Freddie Mac Expects Housing Market to Remain Strong, Despite Recent Slowdown While there have been a few signs that the hot housing market is cooling, Freddie Mac expects housing growth to be 12.1% this year and expects sales to reach 6.9 million… Read More GlobeSt https://www.globest.com/2021/07/26/what-slowdown-freddie-mac-expects-housing-market-to-remain-strong-for-2021/

Housing Supply Gains Momentum

Housing Supply Gains Momentum A new report by Redfin found that the housing market’s supply has gained some more inventory as more homes for sale become available and pending sales decline… Read More National Mortgage Professional https://nationalmortgageprofessional.com/news/housing-markets-supply-gains-momentum

Foreign Investment in the U.S. Housing Market Falls to Record Low

Foreign Investment in the U.S. Housing Market Falls to Record Low According to a new report by the National Association of Realtors, the dollar volume of existing-home purchases by foreign buyers for the 12-month period ending March 2021 fell 27%… Read More Yahoo! Finance https://finance.yahoo.com/news/foreign-investment-in-us-housing-market-falls-to-a-record-low-140007460.html

How Modular and Other Non-Site Built Housing Faired in 2020

How Modular and Other Non-Site Built Housing Faired in 2020 According to the Census Bureau Survey of Construction data and NAHB analysis, non-site single-family homes (modular and pandelized) was at 3% in 2020 and expected to rise moderately in 2021 and in the years to come… Read More Eye On Housing https://eyeonhousing.org/2021/07/modular-and-other-non-site-built-housing-in-2020/

Five Housing Markets Where Prices are Skyrocketing

Five Housing Markets Where Prices are Skyrocketing While the entire U.S. housing market is experiencing elevated activity, these five markets are seeing rapidly rising home prices that are expected to continue into 2022… Read More Home Buying Institute http://www.homebuyinginstitute.com/news/5-markets-where-prices-are-skyrocketing/

7/27: EconUpdate by P. Duffy

EconUpdate by P. Duffy New home sales fall 6.6 percent from June, down 19.4 percent year-on-year Sales of new single‐family houses in June 2021 were at a seasonally adjusted annual rate of 676,000, this is 6.6 percent below the revised May rate of 724,000 and is 19.4 percent below the June 2020 estimate of 839,000. The seasonally‐adjusted estimate of new houses for sale at the end of June was 353,000. This represents a supply of 6.3 months at the current sales rate. https://www.census.gov/construction/nrs/pdf/newressales.pdf Early U.S. composite PMI index slips…

Online Homebuying to Keep Growing, Builders Say

Online Homebuying to Keep Growing, Builders Say Sheryl Palmer, CEO of homebuilder Taylor Morrison is among those saying consumers are responding well to online homebuying tools… Read More Bloomberg https://www.bloomberg.com/news/audio/2021-07-21/online-homebuying-to-keep-growing-builders-say-podcast

Housing Starts Accelerated More Than Expected in June Despite Shortages

Housing Starts Accelerated More Than Expected in June Despite Shortages The uptick came despite ongoing materials shortages that show little sign of easing… Read More Barrons https://www.reuters.com/business/us-housing-starts-rise-june-building-permits-fall-sharply-2021-07-20/

U.S. housing market floats back to earth

U.S. housing market floats back to earth Recent data shows the sector is returning from the stratosphere and coming back to pre-COVID levels, as evidenced by a slew of data released this week… Read More Reuters https://www.reuters.com/article/us-stocks-housing/graphic-u-s-housing-market-floats-back-to-earth-idUSL1N2OY12T

If the housing market is so hot, why are homebuilders feeling down?

If the housing market is so hot, why are homebuilders feeling down? NAHB’s Jerry Howard shares how homebuilders are happy to see enthusiastic demand from buyers, but higher construction costs, labor and materials shortages, and fewer buildable lots are starting to chip away at confidence… Read More Yahoo! Finance https://finance.yahoo.com/news/if-the-housing-market-is-so-hot-why-are-homebuilders-feeling-down-122832246.html