U.S. housing market to remain a bright spot in a weak economy

U.S. housing market to remain a bright spot in a weak economy According to the newest Reuters poll, property analysts have found that U.S. house prices will keep surging, serving as a bright spot in the economy, which has been affected by the pandemic… Read More Reuters https://www.reuters.com/article/usa-property-poll/poll-us-housing-market-to-remain-a-bright-spot-in-a-weak-economy-idUSL4N2GQ2C1

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More Americans sign contracts to buy homes in August According to the National Association of Realtors, pending sales went up 8.8%, to a record high of 132.8, a positive sign since in April it had reached a low of 69… Read More The Washington Post https://www.washingtonpost.com/business/more-americans-sign-contracts-to-buy-homes-in-august/2020/09/30/42b20aa4-0326-11eb-b92e-029676f9ebec_story.html

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10/1: MetroIntelligence Economic Update by P. DUFFY

Pending home sales up 8.8 percent in August and 24.2 percent year-on-year to record high The Pending Home Sales Index (PHSI) rose 8.8 percent to 132.8 – a record high – in August. Year-over-year, contract signings rose 24.2 percent. The Northeast PHSI grew 4.3 percent to 117.1 in August, a 26.0 percent jump from a year ago. In the Midwest, the index rose 8.6 percent to 124.5 last month, up 25.0 percent from August 2019.Pending home sales in the South increased 8.6 percent to an index of 154.2 in August, up 23.6…

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How home design trends are evolving for social distancing

How home design trends are evolving for social distancing More people are prioritizing healthier spaces and outdoor living while also showing an interest in single-family homes over multi-family homes… Read More Salisbury Post https://www.salisburypost.com/2020/09/29/home-improvement-how-home-design-trends-are-evolving-for-social-distancing/

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2,500-home community coming in north Fort Worth

2,500-home community coming in north Fort Worth Builder Green Brick Partners is working with Taylor Morrison homes to create more than 2,5000 homes in north Fort Worth through the development of a new residential community called Madero…. Read More The Dallas Morning News https://www.dallasnews.com/business/real-estate/2020/09/28/2500-home-community-coming-in-north-fort-worth/

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Developers announce $51 million, 240-unit affordable housing project in Bend

Developers announce $51 million, 240-unit affordable housing project in Bend Wishcamper Development Partners will be spending more than $51 million to build Stillwater Crossing Apartments, a 240-unit affordable housing community in Southern Bend, that will be geared toward working families and single individuals… Read More KTVZ.com https://ktvz.com/top-stories/2020/09/28/developers-announce-51-million-240-unit-affordable-housing-project-in-se-bend/

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Developers Celebrate Ribbon Cutting For Affordable Housing At 22 South West In Mount Vernon

Developers Celebrate Ribbon Cutting For Affordable Housing At 22 South West In Mount Vernon MacQuesten Development celebrated the opening of a new mixed-income affordable housing complex in New York that has 189 apartments and 149 sub-grade parking spaces…. Read More Builder and Developer Magazine https://newyorkyimby.com/2020/09/ribbon-cutting-for-affordable-housing-at-22-south-west-in-mount-vernon.html

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Share of Non-Conventional Financing Increased in 2019

Share of Non-Conventional Financing Increased in 2019 NAHB analysis of the 2019 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 35.0% of the market… Read More Eye On Housing http://eyeonhousing.org/2020/09/share-of-non-conventional-financing-increased-in-2019/

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Fourth-quarter housing trends: Expect a competitive market as homebuying season extends into fall

Fourth-quarter housing trends: Expect a competitive market as homebuying season extends into fall Despite a generally bleak national economic picture, the real estate market has remained a relative bright spot during the pandemic… Read More LimaOhio.com https://www.limaohio.com/news/business/428772/fourth-quarter-housing-trends-expect-a-competitive-market-as-homebuying-season-extends-into-fall

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9/29: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY August durable goods orders up 0.4 percent following huge July rebound New orders for manufactured durable goods in August increased 0.4 percent to $232.8 billion. This increase, up four consecutive months, followed an 11.7 percent July increase. New, non-defense orders by businesses for capital goods minus aircraft rose 1.8 percent, exceeding projections and indicating an optimism for a continued rebound. https://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf   Homebuyer Demand Index rises over 28 percent from pre-pandemic levels For the week ending September 20, the Redfin Homebuyer Demand Index was…

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