Discover and read the best of Twitter Threads about #tampa
Most recents (24)
NEW: "The greatest long-term threat to out nation's ideas, innovation & economic security, our national security, is that from #China" @FBI Dir Christopher Wray tells House Homeland Security Committee
"The Chinese gvt aspires to equal or surpass the US as a global superpower & influence the world w/a value system shaped by undemocratic authoritarian ideals" per @FBI's Wray "We are confronting that threat head-on"
Big takeaways from our survey of fix-and-flippers last week: 1) Rates have massively slowed transactions and prices are falling broadly. 2) Lots of talk about flippers changing strategies, holding-and-renting instead of flipping, or exiting the space entirely.
COMMENTARY 🧵->
COMMENTARY 🧵->
#Atlanta flipper: “Many highly-leveraged flippers will need to go out of pocket to sell or will default on no-recourse loans. We will not see improvement until the 2nd half of 2024. Many will not make it to that point and there will be some bargains for cash-flush investors.”
#Baltimore flipper: “Sellers are still not reacting to market shifts. Sellers need to lower prices.”
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(1) Storm surge of #HuricaneaIan is seen pushing into #Naples, FL
Thread 🧵
#Ian via @growingwisdom
(1) Storm surge of #HuricaneaIan is seen pushing into #Naples, FL
Thread 🧵
#Ian via @growingwisdom
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(3) Overnight, Hurricane Ian gained strength. It is now a monster storm in Category 4, and at 155 mph, it gets very close to a Category 5 hurricane.
➡️ theplanet.substack.com/p/hurricane-ia…
#Ian #HurricaneIan #climate #weather #Florida #Tampa #news
(3) Overnight, Hurricane Ian gained strength. It is now a monster storm in Category 4, and at 155 mph, it gets very close to a Category 5 hurricane.
➡️ theplanet.substack.com/p/hurricane-ia…
#Ian #HurricaneIan #climate #weather #Florida #Tampa #news
August home builder sentiment and sales/prices/starts survey results are in. Top themes: 1) Home price cuts along with other incentives are helping sales (for now). 2) Supply chain is healing as demand drops and builders quickly slow housing starts. Market commentary to follow…
#Austin builder: “A lot of spec inventory to work through. August was a very poor month for sales across the board. Cancellations spiked from July and buyers showed no sense of urgency.”
#Baltimore builder: “Jumbo loan rates below 5% are helping buyers move forward in that segment.”
Home price trends across 20 top housing markets. Pace of price increases moderating (left chart), which you can see in our underlying home price index flattening out or actually falling in a few markets (right chart). Start it off with #Atlanta. 
#Austin home prices
#Boise home prices
Results from our survey of #FixAndFlip investors are in. The fix-and-flip market is clearly cracking: higher rates have shrunk the # of buyers + the # feasible deals. Buyers are also cautious about overpaying given falling prices (cutting into flipper margins).
COMMENTARY🧵->
COMMENTARY🧵->
#Atlanta flipper: “Much higher risk environment due to rising rates. Sellers still have not reset expectations from earlier this year, so acquisitions have essentially come to a halt.” (2/19)
#Baltimore flipper: “The market for fix and flip has turned. It is now a buyer's market and there are a lot of investors competing for the same property. I have put in several offers on a few properties that have good potential but have not been able to get the contract.” (3/19)
This thread is about #ClayClark, a South Dakota-based former DJ, business podcaster & founder of the ReAwaken America tour. /1
wikitia.com/wiki/Clay_Clark
wikitia.com/wiki/Clay_Clark
#ClayClark was an early partner with #RogerStone on the Big Lie Stop the Steal movement & works with #MikeFlynn. He helps them with outreach to the Pentacostal, charismatic & “prosperity Gospel” communities. /2
Of local interest, #ClayClark’s productions have featured at least FIVE #Sarasota-based conspiracy theorists: #MikeFlynn, #PatrickByrne, #AnnVandersteel, #JohnMichaelChambers, & #RajDoraisamy. /3
vice.com/en/article/k78…
vice.com/en/article/k78…
May homebuilder survey results published last week. Top themes: 1) Builder metrics quickly deteriorating across the board. 2) Price cuts on standing ‘speculative’ inventory accelerating. 3) Buyer incentives are back. Market commentary to follow…
#Austin builder: “Some parts of town where finished homes are now taking a month to sell versus hours. Market is definitely correcting. Incentives are back and seeing some builders cutting prices on inventory.”
#Baltimore builder: “Customers now mentioning potential reduction in prices and/or increase in incentives.”
April homebuilder survey results are here. Top themes: 1) Demand is slowing, namely entry-level due to payment shock. 2) Investors are pulling back. 3) Ripple effect of rising rates starting to hit move-up market. Market commentary to follow…
#Dallas builder: “Interest lists are shrinking or buyers are truly pausing.”
#Houston builder: “Many first-time buyers simply no longer qualify with the increase in interest rates, as their debt-to-income ratio gets out of whack.”
Homebuilder survey results are in for February. Top themes: 1) Record high new home price increases at +20% YOY nationally. 2) Record low builder finished inventory. 3) Demand still off the charts & quality of home buyer prospect lists still solid. Market commentary to follow…
#Charlotte builder: “Restricting sales in all communities. Several communities with VIP lists over 1,000 and one of those communities only has 51 homes. Increasing mortgage rates haven’t slowed buyers down at all.”
#Charlotte builder: “HELP WANTED signs have driven direct construction costs up +20%. Keeping your employees from jumping ship to work for another builder costs 25% more.”
Home builder survey results are in for full month of December. Top themes: 1) Still a ton of demand for new homes. 2) Rampant construction material & labor shortages. 3) Bit of chatter on possible margin compression several quarters ahead. Market commentary to follow…
#Atlanta builder: “Have virtually no available inventory & huge backlog of 1,000+ units going in to 2022. Still metering sales in most communities, where the demand of waiting buyers still outnumbers our supply.”
#LasVegas builder: “Busiest orders for December I can remember in a long time.”
Fresh October home builder survey results. Top themes: 1) Builders are finally lifting sales caps (though not all). 2) Lack of lots & land development delays will hold back growth in 2022. 3) Most builders expect prices to keep rising. Market commentary to follow…
#ColoradoSprings builder: “One cautious trend to watch is single-family rental businesses paying more for land than builders. This will suck up trade capacity & supply at a time we can't afford it.”
#Denver builder: “Traffic & sales definitely slowing down, but also following a more seasonal pattern as compared to 2020. Resale inventory is still historically low. Rents are skyrocketing again.”
Some new data & market commentary on who's buying land from our 3Q-2021 land broker survey. Build-for-rent operators snapping up 15% of raw land in #Florida & outbidding home builders on deals across many markets. Couple charts & market commentary to follow...
Here's the chart where we asked land brokers if they've observed build-for-rent operators outbidding home builders on land deals in their market. 46% said 'yes' when we rolled it up nationally, and as high as 77% in the Southeast.
#Phoenix land broker: “A lot of speculators in the build-for-rent space that are tying properties up & going through entitlement process, then flipping the property for an increased price. Equity requirements for the build-for-rent projects are getting larger.”
Just published September home builder survey results (sales, prices, costs, communities, etc.). Big themes: 1) Supply chain, supply chain, supply chain. 2) Monthly price hikes no longer the norm. 3) Some of the hottest markets sounding toppy. Market commentary to follow…
#Austin builder: “No end in sight for labor & material issues. Told by logistics guy last week that his company believes it will take at least a year to get the supply chain back to working.”
#Austin builder: “Availability of windows has limited closings this year & availability of appliances has caused closings to slide to a later month. Availability of paint is stressing Q4 closings & causing even more bunching toward late in the year.”
THREAD: Vigils across America demanding action against #Pakistan for its inhuman treatment of Hindus & other minorities. The @chingariproject calls on all communities to join this movement to bring an end to abduction, forced conversion to Islam & rape of young girls in Pakistan.
Every day, in #Pakistan, 3 girls from the minority communities are kidnapped, forcibly converted and "married" off, often as 2nd and 3rd wives of Muslim men.
Many of these girls are as young as 12 and the men they are married off to, in their 30s and 40s. 2/n
@KamalaHarris
Many of these girls are as young as 12 and the men they are married off to, in their 30s and 40s. 2/n
@KamalaHarris
Tomorrow I’m opening my first grocery store in a Title One school. I doubt I sleep tonight - imagine a parent between checks who can order dinner and breakfast for their family thru our app and their child bring it home. I’m changing lives man, no one does it like me. Just wait!
Before Picture!
FYI this is in #Atlanta my hope is that we bring this to rural communities. Also I hope to bring one to #Memphis #Birmingham #LittleRock #JacksonMS #Nashville #Jacksonville #Tampa #Houston #CharlotteNC #Dallas #Newark #Camden #LasVegas #Chicago #StLouis #Detroit and so many more!
Just surveyed 6,000+ real estate agents across country. Top themes from our 1st ever RESALE agent survey: 1) Buyer fatigue, w/rumblings of remorse. 2) Bidding wars a bit less bonkers. 3) Cash is King & ton of investors. 4) Inventory gridlock. Commentary across country to follow…
#LosAngeles agent: “20-minute allotted home viewing time slots with offers due next day by noon, & buyers are asked to give up every contingency under the sun.”
#NYC agent: “Luxury home buyers feel the market is overpriced & have backed off.”
Land is the most important yet least transparent part of homebuilding. To help, here’s commentary from land brokers across the country per our July survey. Top themes: 1) Builders going further out for deals. 2) Bigger land deals are back. 3) Development delays & lot shortages.
#SaltLakeCity land broker: “You can't get all the lots you need even when you overpay.”
#SanAntonio land broker: “Getting a vaccine approved took less time than getting land entitled.”
Here's a housing🧵to chew on over weekend. Mid-June update from 100+home builders across country. 1) rumblings of price ceiling. 2) slightly shrinking pool of qualified buyers. 3) some home releases not selling out immediately. 4) normal summer slowing as vacations take priority.
#Austin builder: “Some interest lists are shrinking & others are not. Seeing buyers who are no longer able or willing to afford the monthly payment. Definitely seeing attrition here. Frustration that prices continued going up without an opportunity to purchase.”
#Dallas builder: “Interest lists are definitely shrinking because of pricing. Some drop off is happening due to price. But the re-sale market is still so tight it hasn’t dropped substantially. Extremely concerned about pricing going forward.”
New home sales fell in May, Y/Y & M/M. Theme of the month was sales decline by builder design. Few comments on demand slowing or skittish buyers, even w/new home prices +18% Y/Y nationally (survey record). Builder commentary from across the country per our survey to follow...
#Nashville builder: “Gapped out. Sales resume in June as new communities & phases start to open. By moving ability to contract on inventory homes later to finished drywall stage (window installation stage previously), expect sales to show continued decline. Decline by design.”
#Charlotte builder: “Paused sales from mid-May to mid-June in all communities & will selectively release homes for sale in the last 2 weeks of June & coming months. Sales look lower vs. last month but was capped due to limited lot availability & no inventory.”
Here's May mid-month home builder channel check I hinted at earlier. Builders are pushing prices w/little pushback, though some starting. Some builders are using price escalators & highest/best offer. Many limiting pre-sales, shifting to spec, & pricing home later in build cycle.
#Dallas builder: “Not selling build jobs in May, starting specs only, and not selling until drywall. Costs are too out of control for us to take the inflation risk on build jobs. So sales are way down.”
#SanAntonio builder: “Only selling specs at Sheetrock stage. Last month, it was frame stage.”
Here’s on the ground local home builder commentary from across the country per our April survey. A lot of builders are pressing the pause button &/or slowing things down until construction costs moderate & they can catch up with sales. Worries about buyer price ceilings too...
#Chicago home builder commentary: “We sold all of the homes we had in early 2021 & haven’t started anything new, & may not due to the cost of construction. Can’t hold pricing for clients longer than 45 days with rising material pricing.”
#Nashville home builder commentary: “Pray for lower lumber prices.”
Some interesting housing color from mid-April around the country home builder channel check. Bunch of market commentary to follow...will try to hit most top markets.
#SaltLakeCity home builder mid-April color: “Still have 10x buyers to available homes to buy. Went to 'highest/ best' offer system March 1st & offers over asking price are shocking. Most offers are 10+% over ask, that's after raised base prices $10K to $20K+ with each release.”
#Austin home builder mid-April color: “Super high demand. Volume controlled with release process, otherwise would be unbearable. Some price increases are $100K between releases.”
Logik zum #Öffnungsplan der #Bundesregierung
Wo, wie und wie schnell infiziert man sich mit dem #Coronavirus? Solange die Regierung Entscheidungen - magels Datenlage - ohne Evidenz trifft, solange ist es Willkür, wann welche Bereiche geöffnet und andere geschlossen bleiben #Spahn
Wo, wie und wie schnell infiziert man sich mit dem #Coronavirus? Solange die Regierung Entscheidungen - magels Datenlage - ohne Evidenz trifft, solange ist es Willkür, wann welche Bereiche geöffnet und andere geschlossen bleiben #Spahn
Die Mutante #B117 erreicht in diesen Tagen -in den ersten Bundesländern- ihre #Dominanz. #R steigt zeitgleich und die #Regierung erhöht per #Öffnungsplan die #Mobilität: B117, Öffnungsplan u. gesteigerte Mobilität sind drei Faktoren die logisch #R exponentiell beeinflussen können
