MetroIntelligence Economic Update by P. DUFFY Builder confidence drops to 46, lowest point since spring 2020 Builder confidence in the market for newly built single-family homes fell three points in September to 46, the lowest level since May 2014 with the exception of the spring of 2020. In another indicator of a weakening market, 24% of builders reported reducing home prices, up from 19% last month. Current sales conditions dropped three points to 54, sales expectations in the next six months declined one point to 46 and traffic of…
Read MoreYear: 2022
How to Add Texture to Home Design
How to Add Texture to Home Design Enhancing the way living spaces look and feel by incorporating textiles and different finishes Read More U.S. News https://realestate.usnews.com/real-estate/articles/texture-in-interior-design
Read MoreKB Home Announces the Debut of Its First New-Home Community in Idaho
KB Home Announces the Debut of Its First New-Home Community in Idaho Homebuilder’s Graycliff community to offer personalized, new homes in highly desirable Meridian, Idaho, affordably priced from the low $400,000s Read More KB Home https://news.kbhome.com/press-releases/news-details/2022/Kb-Home-Announces-the-Debut-of-Its-First-New-Home-Community-in-Idaho/default.aspx
Read MoreProject Would Bring 80 to 90 Newly Constructed Homes to Gadsden
Project Would Bring 80 to 90 Newly Constructed Homes to Gadsden Adding 80 to 90 newly constructed homes in Gadsden would be a big deal for Gadsden, where much of the housing stock is boomer-aged or beyond. Read More Gadsen Times https://www.gadsdentimes.com/story/news/2022/09/19/gadsden-council-hears-plan-to-build-80-90-new-homes/67105554007/
Read MoreFoxboro Selectmen Approve $200,000 for Proposed Senior Housing Project
Foxboro Selectmen Approve $200,000 for Proposed Senior Housing Project The project, envisioned for a 16-acre parcel owned by the Foxboro Housing Authority, involves 141 units in an initial construction phase, with 59 additional units to come later. Read More The Foxboro Reporter https://www.thesunchronicle.com/foxboro_reporter/news/local_news/foxboro-selectmen-approve-200-000-for-proposed-senior-housing-project/article_91cb54a8-58a3-5a33-9e74-202bd2935e0e.html
Read MoreRental Properties Are In A Bubble
Rental Properties Are In A Bubble Rental properties have generated massive returns for investors over the past decade. However, the housing market has once again returned to bubble levels. Read More Seeking Alpha https://seekingalpha.com/article/4541147-rental-properties-bubble-buy-high-yield-stocks-instead
Read MoreFall housing inventory building slowly
Fall housing inventory building slowly Higher mortgage rates and low housing supply means it’s more difficult for borrowers to find bargains… Read More Source (CBS, Forbes, etc…) https://www.foxbusiness.com/personal-finance/housing-inventory-home-prices
Read More9/16/2022 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY Retail sales up 0.3 percent in August and 9.1 percent year-on-year Advance estimates of U.S. retail and food services sales for August 2022, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $683.3 billion, an increase of 0.3 percent from the previous month, and 9.1 percent above August 2021. For the same time periods, the CPI rose 0.1 and 8.3 percent, yielding increases in spending above inflation of 0.2 and 0.8 percent, respectively. https://www.census.gov/retail/marts/www/marts_current.pdf Industrial production slumps…
Read MoreGetting Real With Virtual Tours and Designs
Getting Real With Virtual Tours and Designs It’s more than just a pastime. A virtual tour is a helpful step in the decision-making processes surrounding a new-home purchase. Read More East Bay Times https://www.eastbaytimes.com/2022/09/15/get-real-with-virtual-tours-and-designs/
Read MoreWaitlist Opens For New Senior Affordable Housing Community in Russell Neighborhood
Waitlist Opens For New Senior Affordable Housing Community in Russell Neighborhood Zion Manor Senior Apartments II, a 34-unit apartment for very low- and low-income seniors, opened a project-based voucher waitlist as the development nears completion. Read More WDRB https://www.wdrb.com/news/business/waitlist-opens-for-new-senior-affordable-housing-community-in-russell-neighborhood/article_14b8b848-3513-11ed-a826-97646662fd24.html
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