Year: 2022

12/23/2022 – MetroIntelligence Economic Update by P. DUFFY

BrianAnthony

MetroIntelligence Economic Update by P. DUFFY 2023 Housing Market Predictions: Gradual Shift Toward Buyers With over 85% of homeowners paying mortgage rates below 5% (and two-thirds with rates under 4%), home sales will remain muted as long as rates are elevated. More people will delay moving due to this “‘lock-in effect”’ until rates retreat below 5% or prices adjust accordingly. Depending on the area, renters will also be able to claw back more market power in 2023 as historically high levels of new apartments now under construction are completed. https://realestate.usnews.com/real-estate/housing-market-index/articles/housing-market-predictions…

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Some Positive New Home Sales News Heading into 2023: Increased FHA and GSE Loan Limits

BrianAnthony

Some Positive New Home Sales News Heading into 2023: Increased FHA and GSE Loan Limits Higher FHA and GSE (Fannie/Freddie) loan limits will help builders target additional buyers and combat affordability concerns Read More John Burns Real Estate Consulting https://www.realestateconsulting.com/some-positive-new-home-sales-news-heading-into-2023-increased-fha-and-gse-loan-limits/

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Milwaukie Becomes Second-Largest Oregon City to Ban Natural Gas in New Construction

BrianAnthony

Milwaukie Becomes Second-Largest Oregon City to Ban Natural Gas in New Construction Two resolutions were approved earlier this month: one banning natural gas hookups in new construction and the other calling for natural gas to be removed from existing city-owned buildings through retrofit. Read More KEZI 9 News https://www.kezi.com/news/milwaukie-becomes-second-largest-oregon-city-to-ban-natural-gas-in-new-construction/article_f2c281be-7e56-11ed-ac8e-d711f7abddef.html

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12/20/2022 – MetroIntelligence Economic Update by P. DUFFY

BrianAnthony

MetroIntelligence Economic Update by P. DUFFY   December builder confidence slips another 2 points to 31 Builder confidence in the market for newly built single-family homes posted its 12th straight monthly decline in December, dropping two points to 31. This is the lowest confidence reading since mid-2012, with the exception of the onset of the pandemic in the spring of 2020. The HMI index gauging current sales conditions fell three points to 36 and traffic of prospective buyers held steady at 20. The component charting sales expectations in the next…

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San Antonio Approves First Batch of Affordable Housing Bond Funding

BrianAnthony

San Antonio Approves First Batch of Affordable Housing Bond Funding The $44 million, which includes some money from federal housing programs, will fund 14 projects across the city that will build or rehabilitate an estimated 2,532 housing units over the next five years. Read More San Antonio Report https://sanantonioreport.org/council-approves-44-million-transformational-housing-bond-funding/

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A Builder’s Path Towards Offsite Framing

Hanna

Relationships with structural framing suppliers determine the deliverance of each project By Jess Lohse Builders have faced an unprecedented number of challenges over the last several months. In a short time, they have transitioned from supply chain issues holding back production due to overwhelming demand, to wondering how many homes they will be able to sell thanks to climbing interest rates. Recent memories of the inability to source framing materials understandably contributes to fears of how to efficiently deliver homes at affordable price points. Obviously, relationships remain critical through this…

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