Month: December 2022

KB Home Announces the Grand Opening of Merryfield Estates, a New-Home Community in Kent, Washington Homebuilder offers personalized, new homes in a prime Seattle-area location, priced from the $630,000s Read More KB Home https://news.kbhome.com/press-releases/news-details/2022/KB-Home-Announces-the-Grand-Opening-of-Merryfield-Estates-a-New-Home-Community-in-Kent-Washington/default.aspx

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U.S. Housing Market Moves Closer to Favoring Buyers; Sellers’ Markets Show No Sign of Slowing Down The shift toward buyer-favorability is occurring in neutral and more-buyer friendly markets, while the hottest sellers’ markets are cooling at a slow pace, remaining firmly in seller territory. Read More PR Newswire https://www.prnewswire.com/news-releases/us-housing-market-moves-closer-to-favoring-buyers-sellers-markets-show-no-sign-of-slowing-down-301690147.html

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Build-to-Rent Market Surging Amid Growing Purchase Turmoil The BTR market is not new, born of another past housing crisis. But flashing forward to today with inflation and the Fed’s raising of rates in its attempts to tame it, BTR appears to be making a comeback. Read More Mortgage Professional America https://www.mpamag.com/us/specialty/commercial/build-to-rent-market-surging-amid-growing-purchase-turmoil/429102

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MetroIntelligence Economic Update by P. DUFFY Construction spending slips 0.3 percent in October but up 9.2 percent year-on-year Construction spending during October 2022 was estimated at a seasonally adjusted annual rate of $1,794.9 billion, 0.3 percent below the revised September estimate of $1,800.1 billion. The October figure is 9.2 percent above the October 2021 estimate of $1,644.3 billion. During the first ten months of this year, construction spending amounted to $1,507.8 billion, 10.8 percent above the $1,360.8 billion for the same period in 2021. https://www.census.gov/construction/c30/current/index.html   Consumers continued to spend…

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