Governor Hochul Announces Completion of $23 Million Affordable Housing Development in Poughkeepsie The building is EPA Energy STAR Homes v3.1 Certified and EPA Indoor airPLUS certified. Read More Homes and Community Renewal https://hcr.ny.gov/news/governor-hochul-announces-completion-23-million-affordable-housing-development-poughkeepsie
Read MoreYear: 2022
KB Home Announces the Grand Opening of Crestline, a New-Home Community in Spring Valley, California
KB Home Announces the Grand Opening of Crestline, a New-Home Community in Spring Valley, California Every KB home is designed to be ENERGY STAR certified thanks to the quality construction techniques and materials utilized that ultimately deliver significant savings on utility bills compared to used homes. Read More KB Home https://news.kbhome.com/press-releases/news-details/2022/KB-Home-Announces-the-Grand-Opening-of-Crestline-a-New-Home-Community-in-Spring-Valley-California/default.aspx
Read MoreInflation Taking Bite Out of New US Infrastructure Projects
Inflation Taking Bite Out of New US Infrastructure Projects The price of a foot of water pipe in Tucson, Ariz.: up 19%. The cost of a ton of asphalt in a small Massachusetts town: up 37%. Read More American Infrastructure Magazine https://americaninfrastructuremag.com/inflation-taking-bite-out-of-new-us-infrastructure-projects/
Read MoreUSDOT Helps Advance Key Multi-Modal Project in Northern Indiana with a Loan $203.3M
USDOT Helps Advance Key Multi-Modal Project in Northern Indiana with a Loan $203.3M Loan builds off of a previously announced $354 million Federal grant to move this transformative transit project forward. Read More Department of Transportation https://www.transportation.gov/briefing-room/us-department-transportation-helps-advance-key-multi-modal-project-northern-indiana
Read MoreUpdate on Repair Plans for Hamakua Coast Bridges
Update on Repair Plans for Hamakua Coast Bridges The HDOT is updating motorists on changes to the permanent repair plans for Kolekole Bridge, as well as three bridges along the Hamakua Coast. Read More Hawaii Department of Trnasportation https://hidot.hawaii.gov/blog/2022/06/17/update-on-repair-plans-for-hamakua-coast-bridges/
Read MoreWhat Does the Fed’s Rate Hike Mean for Housing?
What Does the Fed’s Rate Hike Mean for Housing? Mortgage interest rates are closing in on 6% and will continue to climb as further tightening is expected throughout the year. Read More NAHB https://www.nahb.org/blog/2022/06/what-the-fed-rate-hike-means-for-housing
Read MoreLumber Prices Hover Near Recent Lows as New Home Construction Sinks and Mortgage Rates Jump to Highest Since 2008
Lumber Prices Hover Near Recent Lows as New Home Construction Sinks and Mortgage Rates Jump to Highest Since 2008 Housing starts dropped 14.4% in May from the prior month to a 1.55 million annualized rate, the lowest in more than a year. Read More Business Insider https://markets.businessinsider.com/news/commodities/lumber-prices-mortgage-rates-applications-housing-starts-fed-rate-hikes-2022-6
Read MoreWhy This Housing Downturn is Nothing Like the Last One
Why This Housing Downturn is Nothing Like the Last One America’s housing market is in far better health today. That’s thanks, in part, to new lending regulations that resulted from that meltdown. Read More CNBC https://www.cnbc.com/2022/06/20/heres-why-this-housing-downturn-is-nothing-like-the-last-one.html
Read More6/21/2022 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY May Leading Economic index falls another 0.4 percent but still near historic high The Leading Economic Index (LEI) fell 0.4 percent in May 2022 to 118.3 (2016 = 100), following a 0.4 percent decline in April 2022. The LEI is now down 0.4 percent over the six-month period from November 2021 to May 2022. The index is still near a historic high, but the US LEI suggests weaker economic activity is likely in the near term—and tighter monetary policy is poised to dampen economic…
Read MoreKB Home Announces the Grand Opening of Crestline, a New-Home Community in Spring Valley, California
KB Home Announces the Grand Opening of Crestline, a New-Home Community in Spring Valley, California Homebuilder’s community offers personalized, new homes in a prime San Diego County location, priced from the mid $700,000s. Read me https://news.kbhome.com/press-releases/news-details/2022/KB-Home-Announces-the-Grand-Opening-of-Crestline-a-New-Home-Community-in-Spring-Valley-California/default.aspx
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