| starts Rose a little over two percent |
3.84 |
Jump to 6 |
PERSON
Rose
|
| number one the pace of completions at a |
4.98 |
Jump to 23.4 |
CARDINAL
number one
|
| 15-month low offsetting the housing |
4.92 |
Jump to 25.859 |
DATE
15-month
|
| starts that we saw at a seven month High |
4.379 |
Jump to 28.38 |
DATE
seven month
|
| now is is less than a three-month Supply |
4.32 |
Jump to 47.7 |
DATE
three-month
|
| fact we have seen now uh five straight |
5.401 |
Jump to 58.739 |
CARDINAL
five
|
| believes there's about one and a half |
3.781 |
Jump to 107.759 |
CARDINAL
about one and a half
|
| million homes there are larger estimates |
4.2 |
Jump to 109.14 |
CARDINAL
million
|
| out there Freddie Mac believes it's four |
4.02 |
Jump to 111.54 |
ORG
Freddie Mac
CARDINAL
four
|
| million homes but on the single family |
4.62 |
Jump to 113.34 |
CARDINAL
million
|
| building a little bit more than 1.1 |
4.38 |
Jump to 117.96 |
CARDINAL
more than 1.1
|
| million single-family homes a year in |
3.901 |
Jump to 119.939 |
CARDINAL
million
DATE
a year
|
| housing deficit right now uh say 2023 |
4.8 |
Jump to 123.84 |
DATE
2023
|
| somewhere between 800 and 900 000 homes |
5.099 |
Jump to 128.64 |
CARDINAL
between 800
|
| first-time home buyers |
3.601 |
Jump to 138.239 |
ORDINAL
first
|
| successful because one of the things |
3.6 |
Jump to 171.84 |
CARDINAL
one
|
| rates near or right below six percent |
5.58 |
Jump to 179.04 |
PERCENT
six percent
|
| interest rates are right at 6.4 percent |
5.58 |
Jump to 184.62 |
PERCENT
6.4 percent
|
| year and that six percent range so the |
3.959 |
Jump to 200.64 |
PERCENT
six percent
|
| of homeowners sitting on two and three |
4.5 |
Jump to 209.58 |
CARDINAL
two
|
| material costs are up 35 to 40 percent |
5.039 |
Jump to 224.28 |
PERCENT
35 to 40 percent
|
| right around 50. the Breakeven level |
3.901 |
Jump to 246.659 |
CARDINAL
Breakeven
|
| concerns uh you know one that's that's |
4.44 |
Jump to 260.699 |
|
| Builder financing about 85 percent of |
4.56 |
Jump to 279 |
PERCENT
about 85 percent
|
| right now is above 10 percent so that |
4.981 |
Jump to 288.479 |
PERCENT
10 percent
|
| five percent decline in deposits |
4.679 |
Jump to 305.46 |
PERCENT
five percent
|
| yeah a little bit Yeah the five percent |
4.201 |
Jump to 307.979 |
PERCENT
the five percent
|
| than 50 percent of it is in the South |
4.799 |
Jump to 346.62 |
LOC
South
|
| three of the top five uh top building |
4.74 |
Jump to 348.84 |
CARDINAL
three
CARDINAL
five
|
| markets are in Texas three of the top |
4.321 |
Jump to 351.419 |
GPE
Texas
CARDINAL
three
|
| ten are in Florida and and there are |
3.6 |
Jump to 353.58 |
CARDINAL
ten
GPE
Florida
|
| 2022 we expect them to rebound because |
4.441 |
Jump to 361.139 |
DATE
2022
|
| when you look to 2024 are we likely to |
6.241 |
Jump to 392.759 |
DATE
2024
|
| see the bounce back then in the first |
4.139 |
Jump to 396.84 |
ORDINAL
first
|
| maybe one additional rate hike but |
4.26 |
Jump to 408.24 |
CARDINAL
one
|
| 30-year fixed rate mortgage will settle |
4.74 |
Jump to 412.5 |
DATE
30-year
|
| in near that six percent level by the |
4.619 |
Jump to 415.02 |
PERCENT
six percent
|
| after about three quarters of |
3.84 |
Jump to 423.479 |
CARDINAL
about three quarters
|
| second half of this year and that means |
5.16 |
Jump to 429.24 |
|
| 2024 is going to see a year of growth |
6.539 |
Jump to 431.16 |
DATE
2024
DATE
a year
|
| after years of decline in 22 and 2023 |
6.359 |
Jump to 434.4 |
DATE
years
CARDINAL
22
DATE
2023
|
| and as I said earlier 2025 through 2030 |
5.101 |
Jump to 437.699 |
DATE
earlier 2025
DATE
2030
|