• US Housing Industry News

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US Housing Industry News

著者: Quiet. Please
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  • Stay informed with "US Housing Industry News," your go-to podcast for the latest updates and insights into the American housing market. Discover expert analysis, market trends, and interviews with industry leaders, all designed to keep you ahead in the ever-evolving real estate landscape. Whether you're a homeowner, investor, or industry professional, tune in for actionable information and deep dives into the housing sector. Subscribe now and never miss an episode of essential updates in the US housing industry.

    For more info go to
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    https://podcasts.apple.com/us/...
    Copyright 2024 Quiet. Please
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Stay informed with "US Housing Industry News," your go-to podcast for the latest updates and insights into the American housing market. Discover expert analysis, market trends, and interviews with industry leaders, all designed to keep you ahead in the ever-evolving real estate landscape. Whether you're a homeowner, investor, or industry professional, tune in for actionable information and deep dives into the housing sector. Subscribe now and never miss an episode of essential updates in the US housing industry.

For more info go to
https://www.quietperiodplease....

Check out these deals https://amzn.to/48MZPjs


https://podcasts.apple.com/us/...
Copyright 2024 Quiet. Please
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  • US Housing 2025: Affordability Hurdles and Emerging Seller Trends
    2025/01/08
    The US housing industry is entering 2025 with two major trends to watch: affordability and the return of sellers to the market. The latest data indicates that home prices finished 2024 up a few percent nationally, and mortgage rates are at their highest level in seven months, exceeding 7% as we head into January[1][2].

    Affordability remains a significant concern, with the typical mortgage payment for homebuyers starting 2025 at the highest level ever, at $2,290. This situation is exacerbated by high mortgage rates, which are expected to stay elevated in the sixes for most of the year. However, there is a possibility of rates dropping over 100 basis points if economic news improves and spreads tighten[1].

    On the supply side, inventory continues to contract, with 651,000 single-family homes unsold on the market, 2.5% fewer than the previous week. However, this contraction is expected to reverse by February, with inventory increasing in most markets around the country. The Sun Belt markets have led inventory growth, but this disparity is expected to even out in 2025[1][2].

    There are signs that seller volume is starting to return to normal levels. The last week of 2024 saw 32,500 new listings, 33% more than the same week in 2023. This increase in new listings could indicate that the shortage of sellers is finally abating[2].

    Pending home sales are up 4.25% compared to the end of 2023, with 269,000 single-family homes under contract. This is a positive sign, but it is still 30% fewer than at the start of 2022 when the pandemic frenzy was still underway. The forecast for 2025 includes a 5% sales growth over 2024[1][2].

    Price reductions are higher than in Q1 2024, with 36% of homes on the market having taken a price cut from the original list price. This indicates a slightly weaker supply-demand balance than a year ago. However, this number is expected to fall in the spring with fresh inventory and new buyers[1][2].

    In contrast to the cautious outlook from HousingWire, Lawrence Yun, chief economist of the National Association of REALTORS, predicts a rosier forecast for 2025 and 2026, with an outlook for higher home sales and moderating mortgage rates. Yun forecasts existing home sales to rise 9% year-over-year in 2025 and new home sales to jump by 11%[4].

    The latest data from early January 2025 shows a surprising surge in home sales, with pending home sales up 5.1% compared to the same time in 2024, and mortgage applications on the rise. This early demand could be driven by stabilizing mortgage rates and positive job data[5].

    In summary, the US housing industry is entering 2025 with challenges in affordability and a potential increase in seller activity. While high mortgage rates and inventory contraction are concerns, there are signs of improvement in new listings and pending home sales. The industry is closely watching these trends to understand how they will impact the market in the coming year.
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    4 分
  • US Housing in 2025: Navigating Inventory Shifts, Affordability Challenges, and Innovative Solutions
    2025/01/06
    The US housing industry is entering 2025 with a mix of challenges and opportunities. Recent market movements indicate a contraction in inventory, with 651,000 single-family homes unsold on the market, a 2.5% decrease from the previous week[1][5]. This contraction is expected to continue through the holiday season but should start to increase by February.

    Despite the inventory contraction, there are signs of growth in the market. The total number of single-family homes under contract has increased by 4.25% compared to the end of 2023, with 269,000 homes currently under contract[1][5]. This suggests a potential uptick in sales in January, although there are 30% fewer home sales in process than at the start of 2022.

    The Sun Belt markets have led inventory growth, while northern markets remain tighter, but this disparity is expected to even out in 2025[1][5]. New listings are also showing a positive trend, with 32,500 new single-family home listings at the start of 2025, more than in previous years[2].

    Affordability remains a significant challenge, with home prices starting 2025 at $395,000, a 4% increase from the previous year[5]. The need for affordable housing is particularly acute in cities like Boise, where the housing demand far exceeds supply, and construction is not keeping up with demand[3].

    In response to these challenges, the industry is seeing a shift towards more cost-effective alternatives, such as modular and prefabricated homes, which could provide more affordable options for first-time buyers[4]. Additionally, the trend of multi-generational living could help alleviate some demand pressures by increasing the need for larger homes with more versatile spaces[4].

    Industry leaders are also focusing on increasing construction activity to meet the growing demand, particularly in suburban and rural areas[4]. However, despite these efforts, housing supply is expected to continue to lag behind demand in 2025.

    Overall, the US housing industry is entering 2025 with a complex landscape of challenges and opportunities. While inventory contraction and affordability issues persist, there are signs of growth and innovation in the market. Industry leaders are responding to these challenges by exploring new construction methods and focusing on increasing supply to meet the growing demand.
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    3 分
  • "US Housing in 2025: Navigating Affordability and Inventory Challenges"
    2025/01/05
    The US housing industry is entering 2025 with a mix of challenges and opportunities. Recent market movements indicate that affordability and seller participation are the two key trends to watch this year. Home prices finished 2024 up a few percent nationally, and mortgage rates are at their highest level in seven months, exceeding 7% as we head into January. This has resulted in the typical mortgage payment for homebuyers starting the year at the highest level ever, at $2,290[1].

    Inventory continues to contract, with 651,000 single-family homes unsold on the market across the US, which is 2.5% fewer than the previous week. However, experts expect inventory to bounce along under 650,000 homes in January and start ticking up by February. The Sun Belt markets have led inventory growth, with northern markets being much tighter, but this disparity is expected to even out in 2025[1].

    Total pending sales have increased, with 269,000 single-family homes under contract, which is 4.25% more than where we ended 2023. This indicates a potential for 5% sales growth in 2025 over 2024[1].

    Industry experts predict that the first quarter of 2025 will see continued high prices due to high demand and low inventory. Mortgage rates are expected to drop slightly but not enough to make a significant impact on the market. The pent-up demand from 2024 is expected to continue and boost performance in the first quarter of 2025[2].

    In terms of housing supply, new construction projects and more homeowners listing their properties are expected to improve inventory. However, the "lock-in" effect of existing homeowners with lower current mortgage rates will moderate how many existing homes end up on the market[2].

    Specifically, in cities like Boise, there is an unprecedented housing crisis with rapidly rising rents and appreciating home values. The city requires 2,770 units every year for the next 10 years to meet demand, with 77% of this demand being for housing affordable to those earning 80% or less of the area median income[3].

    To address these challenges, builders are expected to ramp up production, especially in suburban and rural areas, to meet the growing demand for affordable housing. The rise of modular and prefabricated homes could provide more cost-effective alternatives for first-time buyers[4].

    In conclusion, the US housing industry in 2025 is characterized by high prices, low inventory, and a need for increased affordability. While there are signs of improvement in inventory and construction activity, the market remains challenging for homebuyers. Industry leaders are responding by focusing on affordable housing options and innovative construction methods to meet the growing demand. Compared to the previous reporting period, the current conditions show a slight increase in pending sales and a potential for moderate inventory growth, but the overall affordability issue persists.
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    3 分

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