Month:

Massachusetts to Adopt Updated Green Building Codes State regulators are finalizing an update to the building codes to encourage builders to shift away from fossil fuel heating and lighting in new construction as part of broader efforts to blunt the impact of climate change. Read More The Eagle Tribune https://www.eagletribune.com/news/state-to-adopt-updated-green-building-codes/article_b9e30c7e-b43e-11ed-a838-73ab2da95d7d.html

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Fannie Mae Releases January 2023 Monthly Summary The monthly summary report contains information about Fannie Mae’s monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees… Read More Fannie Mae News https://www.fanniemae.com/newsroom/fannie-mae-news/fannie-mae-releases-january-2023-monthly-summary

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MetroIntelligence Economic Update by P. DUFFY New home sales rebound sharply in January but still down 19.4 percent year-on-year Sales of new single‐family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, up 7.2 percent from December, but down 19.4 percent from January 2022. The median sales price of new houses sold in January 2023 was $427,500, down 0.7 percent year-on-year. The average sales price was $474,400, down 5.3 percent year-on-year. The estimate of new houses for sale at the end of January was 439,000. This…

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Maine Delegation Announces Nearly $18M for Clean Water Infrastructure Upgrades Made possible through the Bipartisan Infrastructure Law, the funding will support Maine communities in upgrading essential water, wastewater, and stormwater infrastructure that protects… Read More Senator Susan Collins https://www.collins.senate.gov/newsroom/maine-delegation-announces-nearly-18-million-for-clean-water-infrastructure-upgrades-in-maine

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FHA To Cut Mortgage Insurance Premium By 30 Basis Points 850,000 homebuyers and homeowners with new FHA-insured mortgages expected to benefit in 2023. Read More The White House https://www.whitehouse.gov/briefing-room/statements-releases/2023/02/22/fact-sheet-biden-harris-administration-announces-action-to-save-homebuyers-and-homeowners-800-per-year/

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U.S. Annual Rent Price Growth Dropped by Nearly Half in December U.S. single-family rental price growth rose by 6.4% year over year in December 2022, compared with the 12.1% gain recorded in December 2021. Read More CoreLogic https://www.corelogic.com/intelligence/corelogic-us-annual-rent-price-growth-dropped-by-nearly-half-in-december/

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Economy Off to Surprisingly Strong Start in 2023 Housing started 2023 on a relative high note given a roughly 100 basis point pullback in mortgage rates since November. Read More Fannie Mae https://www.fanniemae.com/newsroom/fannie-mae-news/economy-surprisingly-strong-start-2023-its-not-expected-last

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MetroIntelligence Economic Update by P. DUFFY February economic output index rises sharply to 50.2 The headline Flash US PMI Composite Output Index registered 50.2 in February, up sharply from 46.8 in January. The latest reading was the highest for eight months and signaled broadly unchanged output on the month across the private sector. Service sector firms registered a fractional uptick in business activity while manufacturers reported a slower decrease in output. https://www.pmi.spglobal.com/Public/Home/PressRelease/1a48b2fdf6114741aade2fd71f25f4a6   January existing home sales slips for 12th consecutive month, sales prices up 1.3 percent year-on-year Existing-home sales…

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Home Offices Are Here To Stay For homeowners, it could make sense to finally invest in a dedicated workspace, even if retirement is imminent — or, find the best way to share space in a streamlined, multipurpose room. Read More Milwaukee Journal Sentinel https://www.jsonline.com/story/life/home-garden/2023/02/23/home-offices-are-big-heres-why-and-what-designers-are-seeing/69888755007/

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