Home Builders Advised of Transformer Supply Shortages The nation’s major electric utility companies report a shortage of transformers due to supply chain issues Read More Texas Public Radio https://www.tpr.org/business/2022-08-03/home-builders-advised-of-transformer-supply-shortages
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American Rescue Plan to Get $50M for Montana Housing Crisis
American Rescue Plan to Get $50M for Montana Housing Crisis 60% of funds available must go toward Montanans with a gross household income that doesn’t exceed 100% of the Area Median Income. Read More NBC Montana https://nbcmontana.com/news/local/american-rescue-plan-to-get-50m-for-montana-housing-crisis
Read MoreMetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY July service sector economic index rises 1.4 points to 56.7 percent In July, the Services PMI® registered 56.7 percent, 1.4 percentage points higher than June’s reading of 55.3 percent. The slight increase in services sector growth was due to an increase in business activity and new orders. Availability issues with overland trucking, a restricted labor pool, various material shortages and inflation continue to be impediments for the services sector.” https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/services/july/ Purchase loan applications rise 1 percent from previous week but down 16 percent…
Read MoreThese 5 Home Styles Are Most Commonly Seen On The Market
These 5 Home Styles Are Most Commonly Seen On The Market In the last few years, many Americans shifted from cities outward to suburbs and exurbs, housing inventory shrank in communities coast to coast, and a new generation of buyers entered the market Read More ABC 17 https://abc17news.com/stacker-money/2022/08/03/these-5-home-styles-are-most-commonly-seen-on-the-market/
Read MoreDel Webb Announces New Active Adult Community in Michigan
Del Webb Announces New Active Adult Community in Michigan Grand opening in spring 2023, this age-restricted community will offer resort-style amenities and new ranch home designs from Del Webb’s GenYou™ collection in Milford Township. Read More Pulte Group https://newsroom.pultegroup.com/news/del-webb-announces-new-active-adult-community-in-michigan.htm
Read MoreRegency Model Homes by Toll Brothers Now Open at Santa Rita Ranch
Regency Model Homes by Toll Brothers Now Open at Santa Rita Ranch 55+ active adults who want to be a part of the newest neighborhood at Santa Rita Ranch can now tour the Regency model homes by Toll Brothers at the ranch-inspired community in Liberty Hill. Read More PR Newswire https://www.prnewswire.com/news-releases/regency-model-homes-by-toll-brothers-now-open-at-santa-rita-ranch-301599406.html
Read More8/4/2022 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY Construction spending falls 1.1 percent in May but up 8.3 percent year-on-year Construction spending during June 2022 was estimated at a seasonally adjusted annual rate 1.1 percent below the revised May estimate of $1,781.9 billion. The June figure is 8.3 percent above the June 2021 estimate of $1,628.0 billion. During the first six months of this year, construction spending amounted to $848.2 billion, 10.7 percent above the $766.0 billion for the same period in 2021. https://www.census.gov/construction/c30/pdf/release.pdf June manufacturing sector index falls to 53 percent,…
Read MoreSingle-family Rental Market Shows Little Sign of Cooling
Single-family Rental Market Shows Little Sign of Cooling SFR property rents are rising fast, with California and Florida markets leading the charge, new report shows Read More Housing Wire https://www.housingwire.com/articles/single-family-rental-market-shows-little-sign-of-cooling/
Read MoreProspective Buyers’ Expectations for Housing Availability Improve for First Time Since 2020
Prospective Buyers’ Expectations for Housing Availability Improve for First Time Since 2020 After falling steadily for five quarters, the share of prospective buyers expecting the home search to get easier in the months ahead grew from 17% to 22% between the first and second quarters of 2022. Read More NAHB https://www.nahb.org/blog/2022/08/prospective-buyers-expectations-for-housing-availability-improve
Read MoreNet Zero Carbon Neutral Home Community Launches in Fort Collins, Colo.
Net Zero Carbon Neutral Home Community Launches in Fort Collins, Colo. The Sonders Project, a 220-home sustainable community located in Fort Collins, Colorado is notable because it showcases Thrive Carbon-Wise, a new building approach to producing carbon-neutral homes. Read More Bluefield Daily Telegraph https://www.bdtonline.com/news/nation_world/net-zero-carbon-neutral-home-community-launches-in-fort-collins-colo/article_e60b1282-ddb8-5ceb-8984-227769dd02dd.html
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