Boom & Bust Cycles: Construction Starts of Single-Family Houses v. Multifamily Buildings by Wolf Richter • Aug 16, 2022 • 53 Comments Starts: Single-family houses: -18.8% year-over-year; larger multifamily buildings: +15.9%. Here are the long-term trends.
Compass Prepares for 25% Downturn in Housing Market, Plans Serious Cost Cutting, Pukes All Over the Place by Wolf Richter • Aug 15, 2022 • 117 Comments Because suddenly the SoftBank-backed company, which blew $1.73 billion since 2017, is running out of runway.
“Housing Recession”: NAHB. Homebuilders Cut Prices as Traffic of Prospective New-House Buyers Plunges, Cancellations Spike by Wolf Richter • Aug 15, 2022 • 141 Comments Homebuilder sentiment dives 8th month in a row, their stocks are down 19% to 36% YTD despite blistering summer rally.
House Prices in San Francisco & Bay Area Experience Steep Declines from April Peak Craziness, Down Year-over-Year by Wolf Richter • Aug 11, 2022 • 91 Comments Sales volume plunged 38%.
Housing Bubble Getting Ready to Pop: The Big Boys Leave, Waiting for Reset by Wolf Richter • Aug 11, 2022 • 216 Comments Biggest investors in single-family houses: “We need to be patient and allow the market to reset.”
THE WOLF STREET REPORT: Housing Bubble Getting Ready to Pop – The Big Boys Leave, Waiting for Reset by Wolf Richter • Aug 7, 2022 • 226 Comments Biggest investors in single-family houses: “We need to be patient and allow the market to reset.”
Trip Back to Reality Starts: Mortgages, HELOCs, Delinquencies, and Foreclosures in Q2 by Wolf Richter • Aug 4, 2022 • 103 Comments Forbearance and pandemic cash run out. But a lot of fun was had by all.
The Most Splendid Housing Bubbles in America, July Update: Whittling Down the Crazy Price Spikes by Wolf Richter • Jul 26, 2022 • 110 Comments First Signs the juice is coming out, with several months lag.
Prices of New Houses Plunge, Sales Crater to Lockdown Level, Inventories Pile Up to Highest since 2008 by Wolf Richter • Jul 26, 2022 • 260 Comments No folks, there is no “housing shortage.” There’s over 9 months’ supply, highest since the Housing Bust. But prices are still way too high.
Vacant New Condo Tower in San Francisco: Tentacles of China’s Collapsing Property Developers Reach Deep into US Cities by Wolf Richter • Jul 25, 2022 • 174 Comments As the condo market is going south on you, you can always try to sell the tower to an investor to convert to rental apartments. But that’s tough too.
