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Sorry Dorothy, There’s No Place for Home

January 25, 2021

More Southern California cities than ever before are fighting to have their allocations of new homes rolled back. No one denies the region needs more homes in general, and there’s been a specific push to get housing for low-income families built across the region. But some city leaders say the 1.34 million new units assigned […]

Filed Under: California News, CVAR Connect, Government Affairs, Industry News Tagged With: builder, Construction, Housing, New construction, NIMBY, San Bernardino Sun

NAR Economist Explains Housing Rebound By the Nos.

January 11, 2021

The housing market has rebounded from the low hit last spring during the worst of the coronavirus pandemic, the Department of Housing and Urban Development reported. Sales of new and existing houses are driven by low mortgage rates and a desire by many to leave cities for the suburbs. Lawrence Yun, chief economist at the […]

Filed Under: CVAR Connect, Industry News, Pro Tips Tagged With: Construction, COVID, Homebuilders, Housing market, housing starts, Lawrence Yun, mortgage rate, NAR, Newsweek

Aug. 31 – CVAR Connect

August 31, 2020

CVAR’s COVID-19 Resources REALTORS®: Updates & Guidelines What’s Happening at CVAR under COVID-19 restrictions Latest COVID-19 Updates from C.A.R.   Citrus Valley Association of REALTORS® is conducting all business remotely. Meetings and classes presented by CVAR will be online and free of charge (see available classes below).   ____________ REALTOR® Safety Day Sept. 11 Click to View   […]

Filed Under: CVAR Connect, Education & Events, Video Tagged With: 4th Quarter, Cities Report, Construction, COVID, CRMLS, cvarconnect, Debunk myths, FHFA fee

Building Exceeds Expectations

August 31, 2020

Housing starts and permits shattered expectations in July, both hitting recent highs for residential construction. According to the U.S. Census Bureau and the Department of Housing and Urban Development, starts spiked 22.6% from the revised June estimate — the largest month-over-month gain since October 2016. That annualized pace is up 23.4% from July 2019, and […]

Filed Under: CVAR Connect, Industry News Tagged With: builder confidence, building, Construction, homebuilder, HUD, Mortgage Bankers Association, Scotsman Guide, US Census

Builder Confidence Surges

June 22, 2020

Few thought the housing market would see this quick a turnaround in homebuyer demand. The COVID-19 pandemic dragged down the spring buying season as states and cities issued stay-at-home orders. But despite the lingering pandemic and subsequent economic recession, homebuilders are upbeat on housing heading into summer. Builder sentiment surged 21 points in June, the […]

Filed Under: CVAR Connect, Industry News Tagged With: #Cvarmember, builder sentiment, Builders, confidence, Construction, cvarconnect, home builder, mortgage application, NAHB

Feb. 18 CVAR At a Glance

February 18, 2020

Featured Classes & Events Announcing REvive Celebrity Spotlight! Real Estate REvive Conference & Expo is Coming March 19 at Victoria Gardens   Feb. 19 | Residential Listing & BRE Agreements Feb. 20 | Mortgage 101 – Rancho Cucamonga Feb. 21 | Ethics Training – All Locations – Free Feb. 24 | CRMLS Training – CVAR West (So. El […]

Filed Under: At A Glance, Education & Events, Video Tagged With: #CVARmembers, bulldozer, Commission lawsuit, Construction, cvarconnect, Fannie, Freddie, marijuana

IE Construction Sinks, LA Rises

February 18, 2020

The decline in construction jobs for Inland Empire workers last year was one of the steepest in the nation, according to one study. There were 2,600 fewer construction jobs in Riverside and San Bernardino counties in 2019, a 3% decline, the Associated General Contractors of America reported. It was the third-highest loss among 358 metropolitan […]

Filed Under: At A Glance, Industry News Tagged With: #CVARmembers, #InlandEmpirerealestate, Construction, cvarconnect, jobs, SB Sun

CA’s Failing Grade for Permits

December 23, 2019

California needs more housing, but 97% of cities and counties are failing to issue enough RHNA permits. In 2017, neighborhood leaders gathered in Long Beach to discuss a City Hall plan to address the city’s housing shortage. To increase the housing supply and stem skyrocketing residential costs, planners proposed multi-story apartment buildings line major streets and […]

Filed Under: At A Glance, Government Affairs Tagged With: affordable, building permit, Construction, home building, Long Beach, RHNA, San Bernardino, shortage

Builder Optimism Growing Thanks to Falling Rates

October 28, 2019

The numbers: Home builders are gung-ho again thanks to dramatically lower mortgage rates. A survey of home-builder sentiment surged to a 20-month high of 71 in October from 68 in the prior month, the National Association of Home Builders  reported earlier this month. Readings over 50 are a sign confidence is improving. Just 10 months ago, the […]

Filed Under: At A Glance, Industry News Tagged With: builder sentiment, Construction, Dow Jones, MarketWatch, mortgage rate, NAHB, National Association of Home Builders, optimism, refinancing, single-family construction

Why Homebuilders Are to Blame for Construction Decline

March 11, 2019

Southern California builders’ fixation on serving the luxury market — heavy with Chinese buyers — is now a drag on the industry. The year for local homebuilders started in the shadow of 2018 when construction slowed and unsold inventory grew to a near-seven-year high. Industry woes can’t be tied to common complaints such as regulatory […]

Filed Under: At A Glance Tagged With: blame, Construction, Foreign investors, Homebuilders, Inland Empire, luxury market

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