Pro Builder

OCTOBER 13, 2021

Goldman Sachs Forecast Suggests Home Price Increase. Wed, 10/13/2021 - 09:20. A recent Goldman Sachs forecast projects that national house prices could increase a further 16% by the end of 2022, driven by one of the longest housing shortages to ever affect the U.S. For information about contrasting forecasts ….

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Pro Builder

OCTOBER 29, 2021

Slow Economic Growth Reported for the Third Quarter of 2021. Fri, 10/29/2021 - 09:25. Nationwide supply-chain disruptions, high cost of living, and unemployment rates are causing a deceleration of economic growth in the third quarter of 2021, according to the NAHB’s Eye on Housing. in the third quarter of 2021, after a 6.7%

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Pro Builder

MAY 19, 2022

Zillow Lowers Its Home Value and Sales Forecast for 2022. Zillow’s housing market forecast has been revised down for April after a drop in home sales caused by elevated mortgage rates. Zillow’s housing market forecast has been revised down for April after a drop in home sales caused by elevated mortgage rates. from 2021 to 5.73

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Pro Builder

SEPTEMBER 20, 2021

Mon, 09/20/2021 - 11:14. As prognosticators look ahead, one universal observation is the real estate market already had super-heated price appreciation and low inventory before the pandemic, and the factors that created this market will persist to some degree. “We Time will help get more inventory to the market.

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Pro Builder

SEPTEMBER 24, 2020

Since then, the prospect of a nationwide price dip has become far less likely as historically low inventory and heavy buyer demand have pushed up prices. Panelists are now more optimistic than they were even before the pandemic, forecasting a 3.7% Expectations for home prices in 2021 were also raised, up to 2.7% last quarter.

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Pro Builder

SEPTEMBER 21, 2021

Tue, 09/21/2021 - 11:13. Few experts polled anticipate foreclosed homes will be adding to housing inventory. Rather the largest single source of inventory, almost 40%, will come from existing homeowners selling and moving into a different residence. Steady Housing Market Expected as Foreclosure Protections Expire.

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Pro Builder

AUGUST 12, 2021

Zillow Predicts Affordability Issues for Renters by End of 2021. Thu, 08/12/2021 - 10:20. But by the end of the year, assuming home values grow in line with our forecast, that burden could rise to more than 23.1% cbroderick. In June, a home buyer earning the typical homeowner income and looking to buy the typically valued U.S.

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Pro Builder

NOVEMBER 1, 2022

Another important indicator of industry health is the rate of single-family housing starts, which increased by 13% in both 2020 and 2021. NAHB forecasts a 13% decline in 2022 and an 8% decline for 2023, with the slight moderation in next year’s decline being due to the Federal Reserve pausing interest rate hikes by that time, Dietz says.

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Pro Builder

JUNE 4, 2020

Low inventory and interest rates are keeping housing prices stable through 2020, but by next April, nine years of annual home prices gains may end, according to a report by CoreLogic. percent year over year by April 2021, fueled by elevated unemployment levels and price drops in 41 states. Thu, 06/04/2020 - 10:13.

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Pro Builder

MAY 17, 2021

Mon, 05/17/2021 - 09:18. John Burns Real Estate Consulting (JBREC) predicts a fresh wave of rental demand on the horizon as inventory remains low and buyer demand remains high. Inventory of existing homes dipped 27% year over year in the first quarter of 2021, with regional markets offering just two months of supply.

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Pro Builder

JANUARY 7, 2021

Thu, 01/07/2021 - 10:30. Listing inventory remains low and prices continue to rise, giving sellers advantage over buyers. The rising home prices of 2020 are predicted to continue on and although more construction will occur, it is forecasted to make little difference. Will Sellers Still Have the Upper Hand This Year? cbroderick.

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Pro Builder

AUGUST 3, 2021

Tue, 08/03/2021 - 10:02. CoreLogic’s most recent Home Price Index and Forecast for June shows the housing markets continues strong, experiencing a price increase of 17.2% CoreLogic predicts home price gains to slow as inventory increases and demand softens. . in June 2021, compared to June 2020. compared to May 2021.

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Pro Builder

AUGUST 9, 2021

Mon, 08/09/2021 - 09:53. higher in June 2021 compared to the previous year, but dropped 6.6% from May 2021 to an annualized rate of 676,000. higher in June 2021 compared to the previous year, but dropped 6.6% from May 2021 to an annualized rate of 676,000. The Housing Market's Two Biggest Challenges. cbroderick.

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Pro Builder

APRIL 26, 2021

Mon, 04/26/2021 - 09:27. Demand for new homes remains high as existing home inventory rests at record lows, but builders continue to hit roadblocks from building materials and supply chain issues. Persistent Supply Chain Issues Hold Builders Back. cbroderick. In 2020, starts were up 11% from 2019 levels. Read More. . Construction.

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Pro Builder

DECEMBER 21, 2021

Tue, 12/21/2021 - 09:56. Limited inventory is causing yet another increase in home prices at the end of 2021. So even though our new year’s forecast includes more listings and slower home-price growth, buyers may feel so pinched by other expenses that they have to reduce their housing budgets.”.

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Pro Builder

DECEMBER 28, 2022

over the next 12 months as weaker home sales lead to a boost in stagnant inventory. decrease compared to 2021. This is down slightly from November’s forecast for 5.1 This is down slightly from November’s forecast for 5.1 After rising 10.4% Zillow expects 5.0 million existing homes to be sold in calendar year 2022 – a 17.5%

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Pro Builder

NOVEMBER 30, 2022

Realtor.com’s annual housing forecast sets the stage for a year of climbing home and rental prices, and mortgage rates are expected to remain high, though any further gains will be modest in comparison to runaway growth seen throughout much of 2022. The latter figure depended on that week’s average mortgage rates.). Market Data + Trends.

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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. Market forecasts predict that conditions won’t change significantly this spring. Fri, 02/04/2022 - 10:37. If anything, they might get tougher.

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Pro Builder

DECEMBER 7, 2022

The latest forecast anticipates a stagnant 0.0% Year-over-year home price growth recorded in October remained in the double digits, but was the lowest seen since early 2021 due to low inventory from hesitant sellers, homebuyer loss of purchase power, and economic uncertainty. Annual U.S.

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Pro Builder

JULY 13, 2021

Tue, 07/13/2021 - 10:03. Home sales for the 50 top-selling communities exceeded forecasts, and results point toward a 12% increase in sales at the end of the year compared to 2020. Home sales for the 50 top-selling communities exceeded forecasts, and results point toward a 12% increase in sales at the end of the year compared to 2020.

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Pro Builder

AUGUST 25, 2021

Wed, 08/25/2021 - 09:37. Realtor.com says experts forecast an increase in listings, which would then slow price appreciation and help to relax bidding wars. months of housing inventory for sale, according to the National Association of Realtors®. The Fall Season Likely to Welcome Falling Competition Levels. cbroderick.

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Pro Builder

JUNE 3, 2020

That will set the tone for 2021.”. . Based on that performance, bolstered by low interest rates and inventory, the seasonally adjusted annual rate for 2020 was pegged at 1.55 Ours was among the more conservative housing forecasts for 2020,” he says, recalling NAHB’s prediction for 3% growth while others were double that or more.

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Pro Builder

JUNE 7, 2022

Home Builder Rankings by 2021 Revenue and Closings. In 2021, Van Metre unveiled POWERhaus (in which “POWER” stands for Progressive, Optimized, Waste-conscious, Efficient, and Renewable) in Chantilly, Va., Forecasting the Future of Home Construction. Housing Giants 2022: What Now? The Housing Industry Post-Pandemic.

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Autodesk Construction Cloud

NOVEMBER 16, 2021

Note: For BIM 360 users, only projects created after Mar 23, 2021 will have this feature. Having this level of visibility helps teams better plan and forecast dates. Users can access saved snapshots to view prior versions of takeoffs and inventory for a specific milestone or other key events. Inventory Enhancement.

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Pro Builder

JANUARY 20, 2021

Wed, 01/20/2021 - 10:37. Market expectations of a larger than anticipated fiscal relief package, which is expected to further boost economic growth and lower unemployment, have driven Treasury yields higher the last two weeks,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. cbroderick. Read More.

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