Housing supply

Insatiable demand and low supply for housing means records continue to be set

Breadcrumb Links Toronto and the GTA Columnists Once we have even a small degree of understanding of who is driving the bus here, only then does it really make sense to consider what kinds of measures, if any, are worth worth considering to calm things down. Publication date : December 11, 2021 • December 11, […]

Housing supply

Focus on expanding housing supply, not another tax for investors

Toronto Insiders Written by guest author Published: 16:01 Dec 10 2021 This article was submitted by Kevin Crigger, Chair, Toronto Regional Real Estate Board Housing affordability is one of the biggest challenges facing Toronto and the entire region. Governments at all levels have begun to make this issue a priority, thanks in part to the […]

Housing supply

‘Unsustainable’ credit will not provide viable housing supply – Central Bank

Giving households access to “unsustainable” amounts of credit to buy homes will not lead to a sustainable supply of much-needed properties, Central Bank Deputy Governor Sharon Donnery said Thursday. The comments underscore the Central Bank’s reluctance to introduce major changes to its mortgage lending restrictions as it continues to conduct a comprehensive review of rules […]

Housing supply

Economy rebounds, but COVID domino effect on NH housing supply remains a ‘significant issue’

Photo/Brett Jordan The good news is that the economy is recovering strongly, the bad news is that housing supply continues to lag and that is a significant issue. On December 7, NH Housing presented an online webinar, Economy 2022: Growing or Slowing, with economist Elliot Eisenberg, PhD. Eisenberg is a former economist for the National […]

Housing supply

The current housing shortage is “not sustainable”, warns the president of the OREB

The city’s tight housing supply is ‘not sustainable’ if a more balanced market is to be achieved in the coming months, the head of the Ottawa Real Estate Board warned Friday, as home prices increased by 19% in November compared to a year earlier. The average residential-class home sold for $716,992 last month, up from […]

Housing sector

Bank of Punjab: housing sector in Pakistan

Housing industry in Pakistan Pakistan, the 5th most populous country in the world, thrives with a young population at a population growth of 2.4%. According to various statistics available on the web, the housing and construction industry in Pakistan accounts for 2.5% of the GDP and employs around 8% of the country’s approximately 60 million […]

Housing sector

Housing sector exhibition attracts large crowds

Islamabad: Architects, Builders, Developers, Home Renovators, Real Estate Consultants, Housing Projects and Landscaping Companies Under One Roof to Facilitate the Public on the First Day of the International Housing and Construction Exhibition and Convention in Pakistan (PIPEC) 2021 at the Pak-China Friendship Center here on Friday. Jang Group is the media partner of the real […]

Housing report

Councilwoman Castillo responds to controversial housing report: ‘We need to do better as a city’

Reactions to a new report indicating that San Antonio is releasing and demolishing old housing stock at a rate several thousand percent faster than other major cities in Texas – often displacing people of color from family homes and often without procedure regular – were fast. Some residents felt validated, and city staff persisted in […]

Housing supply

The Problem With Vacant Housing Taxes When Trying To Address Housing Supply Problems

Breadcrumb Links Real estate The construction of thousands of new homes is necessary to properly close the gap between supply and demand Publication date : November 19, 2021 • November 19, 2021 • 3 minute read • Join the conversation Vancouver’s annual empty home tax report for 2019, the latest available online, identified 6,025 vacant […]

Housing report

October 2021 RE/MAX National Housing Report

DENVER, November 18, 2021 /PRNewswire/ — Stuck between a high median sale price of $336,000 and record inventories, October home sales fell 6.4% from September, nearly double the typical seasonal decline. September saw near-record sales, which also contributed to the sharp drop in month-on-month sales. October inventory fell 12.7% from September to the fifth-lowest level […]

Housing sector

The housing sector shows signs of stabilization

BEIJING: As “housing is for living in, not speculation” remains the dominant mantra in the real estate industry, prices for new and second-hand homes in major Chinese cities rose at a slower pace in October compared to to the previous year, and experts expect the adjustments to lead to a better balance between supply and […]

Housing supply

Historically low housing supply in British Columbia, even as prices rise, report says

According to a report by the BC Real Estate Association, British Columbia’s housing market is at an all-time low in terms of supply, even as house prices soar. This means potential buyers in Metro Vancouver need to look beyond Fraser Valley suburbs and travel even further to find lower housing prices. The report, released on […]

Housing supply

IE Thinc Migration: “Increased housing supply is necessary, not sufficient”

Gautam Bhan: Migrants are not anonymous bodies arriving only in housing markets marked by supply and demand. They are part of deep identity movements that are shaped in certain ways. So why don’t we learn from migrants how they produced this housing and what can we do to make this process easier, shorter and better. […]

Housing supply

Low housing supply is a problem across British Columbia, real estate association says – BC

Record housing supply isn’t just a problem in Metro Vancouver, according to a new report from the British Columbia Real Estate Association (BCREA). The association said Wednesday that just under 9,600 homes were sold in October, down 13.7% from the same month a year ago. Read more: British Columbia to introduce ‘cooling off periods’ amid […]

Housing sector

Scott Restrick: For a housing sector heading towards net zero, the EPC is a brutal tool

Scott Restrick, Liaison group responsible for energy and sustainability, is then featured in Scottish Housing News’ #COP26SHN showcase of the social housing sector’s efforts to help tackle the climate crisis with his views on how the housing sector housing urgently needs access to a more sophisticated toolkit to meet the needs of both our tenants […]

Housing supply

Soaring rents could be a factor in housing shortages, says OREB

Local housing prices continued to rise last month amid a supply crunch, prompting the city’s real estate board to suggest Ottawa’s frothy rental market could encourage investors to hold onto properties. income-generating properties rather than selling them. The average residential-class home sold for just over $716,000 in October, a 19 per cent jump from a […]

Housing supply

Housing shortage continues into October, Fraser Valley Real Estate Board reports – Abbotsford News

A housing shortage continues to challenge the Fraser Valley Real Estate Board (FVREB), which is reporting another good month for sales as well as another bad month for new listings. Sales were the third highest on record in October, but their home inventory is half what it was in the same month last year. That […]

Housing supply

Lack of housing supply drives up Ottawa home prices, report says

OTTAWA — Ottawa’s housing market returned to pre-pandemic sales levels last month; however, the lack of supply of homes for sale continues to push prices up. The Ottawa Real Estate Board reports that 1,677 residential properties were sold in Ottawa in October, compared to 2,132 in October 2020. The 1,677 properties sold in Ottawa last […]

Housing supply

Housing Shortage Continues Through October, Fraser Valley Real Estate Board Reports – Agassiz Harrison Observer

A housing shortage continues to challenge the Fraser Valley Real Estate Board (FVREB), which is reporting another good month for sales as well as another bad month for new listings. Sales were the third highest on record in October, but their home inventory is half what it was in the same month last year. That […]

Housing supply

BC Government Taking Positive Steps to Increase Housing Supply, But Incentives Needed to Encourage Action

With demand significantly outstripping supply in many parts of British Columbia, the cost of housing has increased dramatically during the COVID-19 pandemic. The British Columbia Real Estate Association (BCREA) has argued that increasing the supply of market housing is key to making home ownership more affordable for British Columbians. That’s why the provincial government’s recent […]

Housing report

Township of Patton Task Force to Present Affordable Housing Report and Recommendations

Patton Township Municipal Building, 100 Patton Plaza. Photo of Ben Jones | StateCollege.com After a year of effort, a Patton Township task force will present its report and recommendations on affordable housing at Wednesday’s board of supervisors meeting. The meeting begins at 5:00 p.m. in the Township of Patton Municipal Building, 100 Patton Plaza. It […]

Housing sector

KPKT performs Big Data Analytics to get a true picture of the housing industry

Ismail said this study aims to help address unsold properties and uncover a clearer and more accurate housing market position for the development of a sustainable and efficient real estate sector. – Bernama archive photo KUALA LUMPUR (October 25): The Ministry of Housing and Local Government (KPKT) is conducting the Big Data Analytics (BDA) study […]

Housing sector

KPKT Conducts BDA Study to Get True Picture of Housing Industry

KUALA LUMPUR: The Department of Housing and Local Government (KPKT) is conducting the Big Data Analytics (BDA) study on housing last February to get a true picture of the position and availability of data related to the housing sector in Malaysia. His Deputy Minister Datuk Seri Ismail Abdul Muttalib said the study, which is expected […]

Housing sector

Housing sector, infrastructure spending to boost cement demand for FY22

The faster-than-expected recovery in the housing sector along with the government’s focus on infrastructure spending is expected to boost cement demand by 10-12% in FY22. The growth comes after cement demand declined by (-)1% in FY20 and (-)11% in FY21. Watch the Zee Business live stream below: “Pent-up demand and low interest rates have boosted […]

Housing report

RE/MAX National Housing Report for September 2021

DENVER, October 18, 2021 /PRNewswire/ — With three quarters of the year over, 2021 reflects seasonal norms, unlike 2020, but maintains strong momentum. Home sales in September fell 7.0% from the August total and the median sale price fell 1.1% to $329,000 – both much less than typical falls as summer gives way to fall. […]

Housing sector

Forex crisis hits the housing sector

The housing sector is currently going through difficult times as the current crisis in the foreign exchange market affects the evolution of the sector. To this end, real estate agent and managing director of BSTAN Homes, Becky Olubukola, urged the federal government to find a solution to solve the housing deficit as well as the […]

Housing supply

WILD: Housing supply in the GTA is tight to last for the foreseeable future

Breadcrumb Links Toronto and the GTA Opinion Real estate in the Toronto area is in the midst of an affordability crisis that can only be resolved through government cooperation, says TRREB Publication date : October 08, 2021 • October 8, 2021 • 3 minute read • 6 comments Residential home sales in Metro Vancouver are […]

Housing sector

APRA must do more to chill the housing sector – ShareCafe

Australian trade commentators, analysts and investors went a little wild at the weekend after APRA, the main financial regulator, dipped its toe in house price waters and revealed a slight tightening of service rules real estate loans. He was blamed for the drop in the ASX 200 on Wednesday, banking stocks, especially Commonwealth and no […]

Housing supply

Imbalance: housing supply and demand during the pandemic

Vancouver, BC – October 7, 2021. The British Columbia Real Estate Association (BCREA) has released a report quantifying the imbalance between supply and demand in the British Columbia housing market during the COVID-19 pandemic. BCREA’s recent Market Intelligence report, Imbalance: housing supply and demand during the pandemic, at the height of market activity in March […]

Housing sector

Can the private housing sector stop chasing it?

Can the private housing sector learn new tricks? Getty Endless eviction bans, credit check bans for new residents and limits on rent increases are just some of the government interventions that have proliferated in recent years, even before Covid-19. and government reactions to it costing people their jobs and income. It would be reasonable to […]

Housing sector

China’s housing sector risks falling into a bear market, says Citi

(Bloomberg) – Home prices in China are at risk of a “significant decline” regardless of what happens to the China Evergrande Group, analysts at Citigroup Inc. said, further dampening the country’s economic growth. “It seems clear that even under an orderly restructuring, the property sector in China is likely to face downward pressure,” analysts including […]

Housing sector

National Association of Realtors Chief Economist: ‘The housing sector is clearly stabilizing’

By Anna Bahney, CNN Business The housing market is starting to look a little more normal. Home sales fell in August from both July and a year ago, breaking two straight months of increases, according to National Association of Realtors. Home purchases have increased over the past year, which Lawrence Yun, NAR’s chief economist, says […]

Housing report

RE/MAX National Housing Report for August 2021

DENVER, September 17, 2021 /PRNewswire/ — August home sales fell 3.5% from July’s total – and the median sale price fell 1.2% to $335,000 — as seasonal norms have signaled that the busiest home buying and selling months of 2021 are likely behind us. Despite these declines, August still nearly broke home sales records, signaling […]

Housing supply

How advocates are tackling housing supply to help close the homeownership gap

by Gabbriel Schivone Realtors® are members of the National Association of Realtors® Maggie Amado-Tellez, a nonprofit leader and REALTOR® member of the National Association of REALTORS®, has always aspired to buy her own home. And, once she realized that dream, she made it her mission to make sure others could do the same. Amado-Tellez’s homeownership […]

Housing supply

At Real Estate Forum, leading mayoral candidates discuss Atlanta housing supply

The top five candidates in Atlanta’s mayoral race, according to the latest polls, tackled one of the city’s thorniest issues Tuesday night: how to boost Atlanta’s housing supply. Their answers came during a forum in front of a few hundred real estate professionals at Clark University in Atlanta. It was organized by the Council for […]

Housing supply

Could 3D printed houses solve Canada’s housing supply problem?

Breadcrumb Links MoneyWise Pro To borrow money Buzz builds around technology, which helps produce low-cost homes Author of the article: Publication date : Sep 14, 2021 • September 14, 2021 • 4 minute read • Join the conversation Matjazz / Shutterstock Content of the article The horror story that is the Canadian housing market has […]

Housing supply

Real Estate Trends: Housing Supply and Demand Expected to Grow This Festival Season

In the Mumbai Metropolitan Area (MMR) alone, consultants expect 2 million square feet of launches over the coming festive months with 25-30 major launches expected. The upcoming holiday season is expected to spoil customers for choice in the residential real estate industry. After witnessing lukewarm launch momentum for several years and last year’s pandemic-hit season, […]

Housing supply

RESCON: Blaming slow approval process for lack of housing supply

Breadcrumb Links New homes and condos Houses Publication date : Sep 13, 2021 • September 13, 2021 • 3 minute read • Join the conversation The shortage of new housing has contributed to the rising cost of housing; prices for new construction and existing homes have surged. Reviews and recommendations are unbiased and products are […]

Housing sector

Value of private rental housing sector jumps 5.8% to £1.4trillion, report says

The value of the private rental sector in Britain rose by 5.8% last year to £1.4trillion, according to a bank report. House prices soared 9.9% between March this year and the start of the pandemic, helped by the suspension of stamp duties, Shawbrook Bank said. This included a 5.6% increase in the value of the […]

Housing sector

Housing industry sees recovery in June quarter, new launches up 241%

In another sign of economic recovery, the residential real estate segment saw the launch of several new projects in key cities during the second quarter of the calendar year ended in June. The quarter saw the launch of 17,640 units in Bengaluru, Chennai, Hyderabad and Kolkata, during the second quarter of 2021, an increase of […]

Housing report

RE/MAX National Housing Report for July 2021

DENVER, August 17, 2021 /PRNewswire/ — July inventory rose an uncharacteristically 4.0% from June, marking the first two consecutive months of month-over-month inventory gains since April and May 2019. Meanwhile, July’s 1.3 months of inventory set a new low for the month. Home sales in July were the third highest total in the report’s 13-year […]

Housing supply

Refsa urges the government to increase the supply of affordable housing | Daily Express Online

Refsa urges the government to increase the supply of affordable housing Published on: Tuesday August 17th, 2021 By: Bernama Text size: Kuala Lumpur: Malaysia needs to increase its supply of affordable housing and ensure that selection procedures are consistent and transparent. Research for Social Advancement (REFSA) researcher Lillian Wee said the Covid-19 pandemic has amplified […]

Housing supply

Posthaste: It’s not just about demand, housing supply growth may also have peaked in Canada after a burst of activity

Good morning! Investment in residential construction hit a record $43.4 billion in the second quarter of this year – topping $40 billion for the first time – but could start to cool off after a period of sustained growth. According to new data from Statistics Canada, investment in residential construction fell 5.8% to $13.8 billion […]

Housing supply

Is there really a housing shortage?

Housing supply has kept pace with population growth, it’s just that there are fewer properties available for homeowners to buy, according to a real estate analyst. The post-lockdown housing market boom had seen house prices soar and the lack of supply was often cited as one of the main reasons for this. But new analysis […]

Housing sector

Housing sector boosts cement demand for April-May 2021

Cement production demand and growth was mainly driven by the housing sector in the first two months of FY 2021-22. Cement production demand and growth was mainly driven by the housing sector in the first two months of FY 2021-22. During the months of April and May, cement production was recorded at 54 million tons, […]

Housing report

RE/MAX National Housing Report for June 2021

DENVER, July 19, 2021 /PRNewswire/ — June created the perfect trifecta for a hot housing market: June home sales and prices both set records, while inventories rose for the first time in 15 months. June, typically the biggest month of the year for home sales, saw sales climb 14.2% from a strong May and top […]

Housing sector

Evolving mosaic of the housing sector in the Indian real estate space

Indian real estate has started to show signs of recovery amid a positive employment climate since the second quarter of 2020-21 The year 2020 has started with huge expectations from the real estate industry after seeing disruptions due to demonetization, GST, RERA and NBFC crisis over the past few years. Residential property sales in India […]

Housing report

San Antonio excels as top affordable housing market, report says

For many middle-income households in the United States, the coronavirus pandemic has put adequate and affordable housing even further out of reach. Fortunately, some metropolitan areas, including San Antonio, facilitate access to adequate and affordable housing. Data released March 15 by the Urban Land Institute’s Terwilliger Center for Housing shows that of the 50 most […]

Housing sector

Affordable housing sector is a seller’s market as new buyers enter the fray, says exclusive webinar panel

Like many industries, the affordable housing sector in the United States has undergone a sea change resulting from the COVID-19 pandemic. Processes and protocols have changed for affordable housing professionals, some perhaps permanently. Closings are being done virtually and some of the preliminary work such as assessments and grant applications are completely different than they […]

Housing sector

Metro Atlanta’s Affordable Housing Sector: Impact and Response to COVID-19

By ANDPI Just as a choir of voices had begun pushing new resources for affordable housing forward in our region, the COVID-19 pandemic has dulled our momentum. Unlike the real estate and financial crisis that became the Great Recession, this situation unfolded very quickly. Will the recovery come so quickly? How are the mortgage markets […]

Housing report

Portland housing report shows progress, but affordability gap persists

Years of political change and public funding have produced more housing in Portland, but rents and house prices remain unaffordable for about half of the city’s residents. A new report from the city shows that most new construction approved in the past five years is for low-income residents or for those who can afford high-end […]