Remove Equity Remove Inventory Remove Metro
article thumbnail

Homebuying Activity Returns as Inventory Increases

Pro Builder

Homebuying Activity Returns as Inventory Increases. An uptick in homebuying activity in June after months of decline shows slowed buying activity resulted from low inventory, says the National Association of Realtors (NAR). June housing inventory was up 3.3% cbroderick. Fri, 07/30/2021 - 09:36. There were 1.6 Respectively, 8.1%3

article thumbnail

Third Quarter Metro Affordability Report Reveals a Tight Market for First-Time Buyers

Pro Builder

Third Quarter Metro Affordability Report Reveals a Tight Market for First-Time Buyers. 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.

Metro 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Wave of Foreclosures May Have Little Impact on Housing Market

Pro Builder

And those properties will hardly make a dent in the market’s need for more inventory. Homeowners have gained $2 trillion in home equity since the beginning of the pandemic. Read More. . Coronavirus Resources and Information. Government + Policy. Coronavirus Resources and Information.

Housing 52
article thumbnail

How Just-in-Time Land Deals Help Manage Cash Flow

Pro Builder

But when it comes to land inventory strategies, most builders seem reluctant to rely on a “just-in-time” model to acquire land as needed for immediate construction. Certainly, publicly traded home builders have pivoted to land-light business models that allow them to forgo owning years’ worth of land inventory. In the Real World.

article thumbnail

IHP Capital Partners' Richard Whiteley Discusses Land Opportunity for Home Builders

Pro Builder

Richard Whiteley: Home builders and land developers have been highly focused on restocking their land inventory since it became evident housing would be one of the unexpected beneficiaries—at least in the near term—of the pandemic. PRO BUILDER: Where and how are home builders and land developers finding buildable lots?

article thumbnail

State Focus: Arkansas – Easy To Reach, Easy To Grow

Buisness Facilities Contributed Content

Currently there are two: one located in the Little Rock Metro in Central Arkansas and another in West Memphis in Northeast Arkansas. Our economic development region (Metro Little Rock Alliance) goes beyond our MSA, representing a 12-county region with a population of over 1,000,000 people reflecting the mobility of our workforce.

article thumbnail

Are There Lessons From the Great Recession for the COVID-19 Pandemic?

Pro Builder

In the last quarter of 2019, he looked at his spec home inventory and decided he needed to move some units. If you have many homes in inventory, don’t wait until your competitors drop their prices, making your products uncompetitive. Benach also has a willingness to adjust, even when times are good. P&Ls, you can manage.”. .