The U.S.’s Single-Family Housing Market Expected to Rebound Next Year

The U.S.’s Single-Family Housing Market Expected to Rebound Next Year According to the Urban Land Institute, real estate market conditions are expected to rebound in 2021 and in 2022, single-family homes are expected to outperform other sectors of housing. Read More Mansion Global https://www.mansionglobal.com/articles/the-u-s-s-single-family-housing-market-expected-to-rebound-next-year-220738

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10/30: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY 3Q20 GDP grew at annual rate of 33.1 percent, recapturing 97.3 percent of pandemic decline Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 31.4 percent.  So far the U.S. economy has recaptured 97.3 percent of the GDP level posted in the fourth quarter of 2019, prior to the pandemic. https://www.bea.gov/news/2020/gross-domestic-product-third-quarter-2020-advance-estimate   Initial unemployment claims dip…

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55+ Housing Market Index Reaches All-Time High in Third Quarter

55+ Housing Market Index Reaches All-Time High in Third Quarter Builder confidence in the single-family 55+ housing market reached an all-time high, jumping 18 points to 83 in the third quarter of 2020, according to the National Association of Home Builders (NAHB)… Read More Eye On Housing http://eyeonhousing.org/2020/10/29181/

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New housing community celebrates grand opening

New housing community celebrates grand opening In a partnership between the Wyoming Housing Network and the Mountain Plains Equity Group, a new housing community, Powell Court Apartments, is being developed, offering affordable housing… Read More Powell Tribune https://www.powelltribune.com/stories/new-housing-community-celebrates-grand-opening,27721  

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