11/04/2022 — MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Federal Reserve raises rates another 75 basis points, but may adjust future hikes lower The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 3-3/4 to 4 percent. In determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary…

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Toll Brothers Announces Model Home Opening at Luxury Brighton Community in Delaware

Toll Brothers Announces Model Home Opening at Luxury Brighton Community in Delaware Toll Brothers well-appointed homes in Brighton feature open floor plans with 3 to 5 bedrooms, 2.5 to 3.5 baths, luxurious kitchens, home offices, flex spaces, 2-car garages, and indoor/outdoor living options. Read More Globe Newswire https://www.globenewswire.com/news-release/2022/11/03/2548046/0/en/Toll-Brothers-Announces-Model-Home-Opening-at-Luxury-Brighton-Community-in-Delaware.html

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11/01/2022 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY   Pending home sales fall 10.2 percent in September and 31.0 percent year-on-year Pending home sales dropped for the fourth straight month, down 10.2% from August and 31.0% year-on-year. The Northeast PHSI descended 16.2% from last month to 64.2, a decline of 30.1% from September 2021. The Midwest index retracted 8.8% to 80.7 in September, down 26.7% from one year ago. The South PHSI faded 8.1% to 97.0 in September, a drop of 30.0% from the prior year. The West index slipped by 11.7%…

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Tri Pointe to Open Nine Neighborhoods in 2023

Tri Pointe to Open Nine Neighborhoods in 2023 Tri Pointe Homes Las Vegas plans to open nine neighborhoods next year throughout the Las Vegas Valley in a range of price points and locations — and all featuring premium homes and townhomes. Read More Las Vegas Review Journal https://www.reviewjournal.com/homes/advertising-features/tri-pointe-to-open-nine-neighborhoods-in-2023-2665607/

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The Trend is Clear: Multifamily Construction on the Rise

The Trend is Clear: Multifamily Construction on the Rise The number of housing units under construction rose to 1.7 million units for the first time ever. Data shows that there are more multifamily than single-family units under construction. Read More National Association of Realtors https://www.nar.realtor/blogs/economists-outlook/the-trend-is-clear-multifamily-construction-on-the-rise

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