Month: December 2022

House Listings Drop 26% in LA County During November There were 1,794 listings in L.A. County in November compared to October, when there were 2,426 homes listed in the county. Read More The Real Deal https://therealdeal.com/la/2022/12/07/house-listings-drop-26-in-la-county-during-november/

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Top Colors for 2023 This range of colors on trend — and the versatility it provides — offers inspiration for reinventing and reconnecting with the home in the year ahead. Read More NAHB https://www.nahb.org/blog/2022/12/top-colors-for-2023

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Wooded Glen Community Spotlight Wooded Glen is right off Lee Chapel Road and minutes from shopping and entertainment in Burke and Springfield. The community includes 56 single-family homes and 80 townhouses. Read More Washington Post https://www.washingtonpost.com/business/2022/12/07/where-we-live-wooded-glen/

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Take a Look Inside Greenwood’s Luxury ‘The Madison’ Development Construction crews are nearly halfway done with the project, which will roll out in phases, right near the new Greenwood Fieldhouse. The $83 million project features 320 luxury apartments and 18 townhomes. Read More WTHR https://www.wthr.com/article/news/local/look-inside-the-madison-development-in-downtown-greenwood/531-772acff1-9006-45c5-84b6-417516a8037f

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Defense Production Act, Incentives ‘Turbocharge’ Geothermal Niche segment of HVAC has been “waiting for this day” to come. Read More ACHR News https://www.achrnews.com/articles/147344-defense-production-act-incentives-turbocharge-geothermal

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Home Sales Respond to Interest Rates October sales of newly built, single-family homes registered at a 632,000 seasonally adjusted annual pace, which is a 7.5% monthly increase Read More NAHB https://www.nahb.org/blog/2022/12/home-sales-respond-to-interest-rates

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Average Long-Term U.S. Mortgage Rates Dip for Third Week in a Row The average long-term U.S. mortgage rate ticked down for the third week in a row and has fallen more than a half-point since hitting a 20-year high less than a month ago. Read More News Tribune https://www.newstribune.com/news/2022/dec/02/average-long-term-us-mortgage-rates-dip-for-third/

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MetroIntelligence Economic Update by P. DUFFY U.S. economy added another 263,000 jobs in November, unemployment rate flat at 3.7 percent Total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7 percent. Notable job gains occurred in leisure and hospitality, health care, and government. Employment declined in retail trade and in transportation and warehousing. Both the labor force participation rate, at 62.1 percent, and the employment-population ratio, at 59.9 percent, were little changed in November and have shown little net change since early this…

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Century Communities Announces New Homes in Fernandina Beach, FL The anticipated new community offers a versatile mix of single-family and townhome floor plans from the $300s, boasting exceptional included features like the builder’s Century Home Connect® smart home package. Read More Century Communities https://investors.centurycommunities.com/news-and-events/news-releases/news-release-details/2022/Century-Communities-Announces-New-Homes-in-Fernandina-Beach-FL/default.aspx

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Richmond American Adds New Neighborhood to Popular Fontana Masterplan Cascade at Highland Park offers an inspired array of two-story floor plans with the designer details today’s homebuyers are seeking. Read More Richmond American https://ir.richmondamerican.com/2022-11-30-Richmond-American-Adds-New-Neighborhood-to-Popular-Fontana-Masterplan#assets_all

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