Blue Heron Opens Oasi in Historical Neighborhood Oasi offers four distinct floor plans ranging from 3,828 square feet to 6,529 square feet. Biophilic design and innovative structural possibilities will allow for exceptional personalization of each home. Read More Review Journal https://www.reviewjournal.com/homes/advertising-features/blue-heron-opens-oasi-in-historical-neighborhood-2645162/
Read MoreMonth: September 2022
Another 75-Basis Point Rate Hike from the Fed Puts More Pressure on Housing
Another 75-Basis Point Rate Hike from the Fed Puts More Pressure on Housing Among the clear signs of economic slowing are just about every housing indicator, including nine straight months of declines for home builder sentiment Read More NAHB https://www.nahb.org/blog/2022/09/another-75-basis-rate-hike-from-fed-puts-more-pressure-on-housing
Read MoreHUD Makes $174.6 Million in Grant Funding Available for Construction and Ongoing Project-Based Rental Assistance for Low-Income Seniors
HUD Makes $174.6 Million in Grant Funding Available for Construction and Ongoing Project-Based Rental Assistance for Low-Income Seniors Section 202 Capital Advance and Ongoing Project Rental Assistance Notice of Funding Opportunity supports development of new, deeply affordable rental homes for very low-income seniors. Read More U.S. Department of Housing and Urban Development https://www.hud.gov/press/press_releases_media_advisories/HUD_No_22_177
Read More9/23/2022 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY Leading Economic Index declines for sixth consecutive month The Conference Board Leading Economic Index® (LEI) for the U.S. decreased by 0.3 percent in August 2022 to 116.2 (2016=100), after declining by 0.5 percent in July. The LEI fell 2.7 percent over the six-month period between February and August 2022, a reversal from its 1.7 percent growth over the previous six months. Among the index’s components, only initial unemployment claims and the yield spread contributed positively over the last six months—and the contribution of the…
Read MoreMattamy Homes Rolls Out New Home Sales for Cadence at Tradition
Mattamy Homes Rolls Out New Home Sales for Cadence at Tradition Homes are now available for purchase in Cadence, an affordable, gated neighborhood within Mattamy Homes’ vibrant master-planned community of Tradition. Read More PR Newswire https://www.prnewswire.com/news-releases/mattamy-homes-rolls-out-new-home-sales-for-cadence-at-tradition-301629364.html
Read MoreIntroducing Oasi, Blue Heron’s New Community In Las Vegas’ Historic Tomiyasu Neighborhood
Introducing Oasi, Blue Heron’s New Community In Las Vegas’ Historic Tomiyasu Neighborhood Acclaimed design-led development firm Blue Heron has broken ground on its newest history-making community in Las Vegas: Oasi, a private gated community in the city’s historic Tomiyasu neighborhood Read More PR Web https://www.prweb.com/releases/2022/09/prweb18913882.htm
Read MoreFrom a Dirt Lot to a Brand-new Building – North Tampa’s Newest Affordable Housing is Complete
From a Dirt Lot to a Brand-new Building – North Tampa’s Newest Affordable Housing is Complete Mercy Oaks is a 20-unit apartment complex built specifically to house working, low-income families. Read More Hillsborough County https://www.hillsboroughcounty.org/en/newsroom/2022/09/21/from-a-dirt-lot-to-a-brand-new-apartment-building-north-tampas-newest-affordable-housing-complex
Read MoreMultifamily Starts Surge in August as Single-Family Production Remains Weak
Multifamily Starts Surge in August as Single-Family Production Remains Weak High mortgage rates and building production bottlenecks continue to act as a drag on the single-family housing market even as housing starts posted a double-digit gain in August due to… Read More NAHB https://www.nahb.org/news-and-economics/press-releases/2022/09/multifamily-starts-surge-in-august-as-single-family-production-remains-weak
Read MoreLumber Producers Are Cutting Back, a Signal That Higher Interest Rates Are Taking Root
Lumber Producers Are Cutting Back, a Signal That Higher Interest Rates Are Taking Root Growing number of Canada’s largest companies cite softening demand. Read More Financial Post https://financialpost.com/commodities/lumber-producers-are-cutting-back-a-signal-that-higher-interest-rates-are-taking-hold
Read More9/22/22 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY Existing home sales drop 0.4 percent in August and 19.9 percent year-on-year Existing-home sales decreased for the seventh straight month to a seasonally adjusted annual rate of 4.80 million. Sales tailed off 0.4% from July and 19.9% from the previous year. The median existing-home sales price rose 7.7% from one year ago to $389,500. After five successive monthly increases, the inventory of unsold existing homes dwindled to 1.28 million by the end of August, or the equivalent of 3.2 months at the current monthly…
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