From 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

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Multifamily 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

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9/22/22 – 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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Governor Hochul Announces Completion of $26 Million Affordable Housing Development in Oswego

Governor Hochul Announces Completion of $26 Million Affordable Housing Development in Oswego Lock 7 Apartments Features 80 Affordable and Energy-Efficient Apartments and On-Site Supportive Services for 40 Households Read More New York State Division of Housing and Community Renewal https://hcr.ny.gov/news/governor-hochul-announces-completion-26-million-affordable-housing-development-oswego

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Week of Climate Action from the Biden-⁠Harris Administration

Week of Climate Action from the Biden-⁠Harris Administration President Biden’s economic plan is building a clean energy future in America that is creating good-paying jobs, lowering energy costs, and tackling the climate crisis. Read More The White House https://www.whitehouse.gov/briefing-room/statements-releases/2022/09/16/icymi-week-of-climate-action-from-the-biden-harris-administration/

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Fieldstone Homes Debuts New Townhome Community in Park City, Utah

Fieldstone Homes Debuts New Townhome Community in Park City, Utah Silver Creek Utah is built in accordance with the National Green Building Standard (NGBS), ensuring optimum energy, water, and resource efficiency as well as environmental quality throughout the townhomes’ interior and exterior. Read More Utah Business https://www.utahbusiness.com/new-townhome-community-in-park-city/

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Builder Confidence Falls for Ninth Straight Month as Housing Slowdown Continues

Builder Confidence Falls for Ninth Straight Month as Housing Slowdown Continues Builder sentiment fell for the ninth straight month as the combination of elevated interest rates, persistent building material supply chain disruptions and high home prices continue to take a toll on affordability. Read More NAHB https://www.nahb.org/news-and-economics/press-releases/2022/09/builder-confidence-falls-for-ninth-straight-month-as-housing-slowdown-continues

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