What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Increasing lending and servicing capacity – regardless of rates

Business process outsourcing and digital transformation are proven solutions that more companies in the mortgage industry are turning to. Download this white paper for more.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

Real Estate

Where are building permits keeping up with housing demand?

Interactive chart shows which counties are winning the battle for more inventory

As housing inventory tightens across the U.S., the need for new builds becomes more essential to the housing market, especially for first-time homebuyers.

In order to assess the current state of the new-build market, the National Association of Realtors compared building permits from 2000, 2005 and 2015.

The study found that 28% of counties saw the highest number of building permits in 2000, 60% of counties saw a peak in 2005 and 2015, at 12%, saw the least number of counties with peaks in building permits.

In 2000, the counties that saw a peak were centered in Michigan, Colorado and Indiana, while in 2005 Arizona, Hawaii, Maine and Florida saw the highest share. In 2015, the District of Columbia and North Dakota held the highest share of building permits.

This chart shows when each county reached its peak share of building permits.

But how does this compare to the need for new housing units? The interactive tool below, which uses information from the U.S. Census Bureau, shows how many building permits were authorized for each county versus how many were needed.

For example, in San Francisco, 2,996 new housing units were needed to meet the need for new homes on the market, and 3,665 new units were authorized by building permits in 2015. In Dallas, the need was much higher at 15,558 new units, but 21,698 new housing units were authorized.

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