Year: 2023

$150M Awarded To Build 516 Homes The state on Wednesday announced $150 million in new funding for the construction of 516 homes for the homeless and those at risk of homelessness in Los Angeles County… Read More Patch https://patch.com/california/los-angeles/150m-awarded-build-516-homes-homeless-la-county

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Designers Predict 2024’s Top Home Trends Warm hues and maximalism are in, as are bathrooms (or wet rooms) that feel more like spas. There’s a focus on mixed metals, sculptural wood, and sustainability done well. A crisp, clean white will… Read More Camille Styles https://camillestyles.com/design/design-trends/2024-design-trends-predictions/

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Natural Landscape-Surrounding Homes Architecture Studio All(zone) presents a look at the Under the Rain Trees home, which is a holiday residence that is defined by five curved wings that rest under the tree canopies located in rural… Read More Trend Hunter https://www.trendhunter.com/trends/under-the-rain-trees

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Homebuilder ETFs 2024 Prospects Appear Bright The U.S. housing sector has performed well in 2023, with leading homebuilders having a banner year. Lennar Corp. LEN and DR Horton DHI have gained more than… Read More Finance Yahoo! https://finance.yahoo.com/news/homebuilder-etfs-2024-prospects-appear-161000812.html

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Consumer Confidence Surged in December Consumer confidence jumped to a five-month high as consumers were more optimistic about inflation and the economic outlook. This optimism was primarily driven by slowing inflation… Read More Eye On Housing https://eyeonhousing.org/2023/12/consumer-confidence-surged-in-december/

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US Single-Family Housing Starts Scale More Than 1-1/2-Year High U.S. single-family homebuilding surged to more than a 1-1/2-year high in November and could gain further momentum, with declining mortgage rates and incentives from builders likely to draw… Read More Reuters https://www.reuters.com/markets/us/us-single-family-housing-starts-surge-november-2023-12-19/

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MetroIntelligence Economic Update by P. DUFFY   November existing home sales reverse five-month drop, but down 7.3 percent year-on-year Existing-home sales reversed a five-month drop and edged higher by 0.8% in November to a seasonally adjusted annual rate of 3.82 million. However, sales still retreated 7.3% from one year ago. The median existing-home sales price rose 4.0% from November 2022 to $387,600 – the fifth consecutive month of year-over-year price increases. The inventory of unsold existing homes slid 1.7% from the previous month to 1.13 million at the end of…

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Single-Family Starts Surge on Falling Interest Rates Overall housing starts increased 14.8% in November to a seasonally adjusted annual rate of 1.56 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Read More NAHB https://www.nahb.org/news-and-economics/press-releases/2023/12/single-family-starts-surge-on-falling-interest-rates

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HUD Closes 2023 With Historic Investments in Housing The Biden-Harris Administration and HUD mark milestones in first-time homeownership, taking on racial discrimination in housing, delivering rental assistance, and building climate-resilient homes… Read More U.S. Department of Housing and Urban Development https://www.hud.gov/press/press_releases_media_advisories/HUD_No_23_283

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The AI-Powered, Climate-Friendly Solution of Project Phoenix The global housing crisis generates a wide range of challenges, from those who are in situations of homelessness, to the realities of millions who face unaffordable housing conditions, overcrowding… Read More Arch Daily https://www.archdaily.com/1011095/revolutionizing-affordable-housing-the-ai-powered-climate-friendly-solution-of-project-phoenix

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