Jump in Building Permits Seen as Positive Sign

Single-family homebuilding, which accounts for the largest share of the housing market, increased to a rate of 876,000 units… Read More Business Times https://www.businesstimes.com.sg/real-estate/us-housing-market-mired-in-weakness-but-a-jump-in-building-permits-seen-as-a-positive

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U.S. Homebuilder Confidence Rises

Overall, homebuilder confidence rose to 66 points in August, a 1-point increase from July. This figure marks a… Read More Hardware Retailing https://www.hardwareretailing.com/u-s-homebuilder-confidence-rises/

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8/20: MetroIntelligence Economic Update by P. DUFFY

Consumer sentiment slips in early August survey following interest rate cut Consumer sentiment declined in early August to its lowest level since the start of the year, falling 6.4 percent from July and 4.3 percent year-on-year to 92.1. For consumers, the first cut in interest rates in a decade was to increase apprehensions about a possible recession, and suggested they may need to reduce spending in anticipation of a potential recession. http://www.sca.isr.umich.edu/   July housing starts fell 4.0 percent from June but up 0.6 percent year-on-year Privately‐owned housing starts in…

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Living homes for all

The goal of all of this work is to develop policies, programs, and funding mechanisms to facilitate sustainability in affordable housing… Read More Green Biz https://www.greenbiz.com/article/living-homes-all

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8/16: MetroIntelligence Economic Update by P. DUFFY

Builder confidence rises one point in August to 66 Builder confidence in the market for newly-built single-family homes rose one point to 66 in August. Sentiment levels have held at a solid 64-to-66 level for the past four months.  The HMI index gauging current sales conditions increased two points to 73, the component measuring traffic of prospective buyers rose two points to 50, and the measure charting sales expectations in the next six months fell one point to 70. https://www.nahb.org/news-and-publications/press-releases/2019/08/builder-confidence-trending-higher-as-interest-rates-move-lower.aspx   July retail sales rose 0.7 percent from June and…

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