6/24/2022 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY June economic output index slips again to 51.2, manufacturing sector declining The headline Flash US PMI Composite Output Index registered 51.2 in June, down from 53.6 in May. The decline in the index reading signaled further easing in the rate of expansion in business activity to a pace notably slower than March’s recent peak. Although service providers continued to indicate a rise in output, it was the weakest increase for five months. Manufacturers fared worse, with factory production slipping into decline as the respective…

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Lennar Unveils San Antonio-Area Affordable Housing Community With ‘texas Charm’

Lennar Unveils San Antonio-Area Affordable Housing Community With ‘texas Charm’ Growth continues to hit the Hill Country and residents in Seguin now have a new place to call home. Navarro Ranch celebrated its grand opening as the latest affordable housing community from Lennar. Read More My San Antonio https://www.mysanantonio.com/realestate/article/Hill-Country-affordable-housing-Lennar-Seguin-17257774.php

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6/23/2022 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Existing home sales fall 3.4 percent in May and 8.6 percent year-on-year Existing-home sales declined for the fourth straight month in May to a seasonally adjusted annual rate of 5.41 million. Sales were down 3.4% from April and 8.6% from one year ago. At $407,600, the median existing-home sales price exceeded $400,000 for the first time and represents a 14.8% increase from one year ago. The inventory of unsold existing homes rose to 1.16 million by the end of May, or the equivalent of…

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Labor Department Seeking Public Input on Independent Contractor Status Rulemaking

Labor Department Seeking Public Input on Independent Contractor Status Rulemaking The U.S. Department of Labor announced plans to engage in a rulemaking related to determining the status of a worker as either an employee or independent contractor under the Fair Labor Standards Act. Read More NAHB https://www.nahb.org/blog/2022/06/labor-department-seeking-public-input-independent-contractor-status

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