MetroIntelligence Economic Update by P. DUFFY E-commerce’s share of overall retail sales rebounds to 15.1 percent in 1Q2023 E-commerce sales rose 3.0% from the previous quarter vs. 0.9% for all retail sales and rose 7.8% year-on-year vs. 3.4% for all retail sales. As a share of overall retail sales, online sales captured 15.1% in 1Q2023, up from 14.8% the previous quarter and 14.5% in 1Q2022. Whereas the pre-pandemic share had been gradually rising at the rate of about one percentage point per year, that spiked up from 11.1% in 2Q2019…
Read MoreMonth: May 2023
NAHB Debuts New Index for Multifamily Activity
NAHB Debuts New Index for Multifamily Activity NAHB redesigned its Multifamily Market Survey in the first quarter of 2023 to make it easier to interpret and more similar to the NAHB/Wells Fargo Housing Market Index for single-family housing. Read More National Association of Home Builders https://www.nahb.org/news-and-economics/press-releases/2023/05/nahb-debuts-new-index-for-multifamily-activity
Read MoreSingle-Family Starts Show Gradual Improvement in April
Single-Family Starts Show Gradual Improvement in April A lack of existing inventory and stabilizing mortgage rates helped push single-family production up to the highest rate thus far in 2023 even as builders continue to deal with high construction costs… Read More Eye On Housing https://eyeonhousing.org/2023/05/single-family-starts-show-gradual-improvement-in-april/
Read MoreGovernment Plan to Adopt Latest Energy Codes
Government Plan to Adopt Latest Energy Codes The Biden administration is proposing that the new construction of homes under certain federally financed programs leapfrogs several code iterations and adopts the 2021 International Energy… Read More National Association of Home Builders https://www.nahb.org/blog/2023/05/hud-codes
Read More05/19/2023 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY Existing home sales fall 23.3 percent year-on-year as median sales price slips 1.7 percent Existing-home sales receded 3.4% in April to a seasonally adjusted annual rate of 4.28 million. Sales fell 23.2% from one year ago. The median existing-home sales price slipped 1.7% from one year ago to $388,800. The inventory of unsold existing homes increased 7.2% from the previous month to 1.04 million at the end of April, or the equivalent of 2.9 months’ supply at the current monthly sales pace. https://www.nar.realtor/newsroom/existing-home-sales-faded-3-4-in-april …
Read MoreRed Rooms but Make It Calming
Red Rooms but Make It Calming Red can be a calming shade if it’s used right – softer, more muted shades with blue undertones, like burgundy or raspberry, in particular have a place in a relaxing scheme. Read More Livingetc https://www.livingetc.com/ideas/calming-red-room-ideas
Read MoreWarm Modern Remodel with Sustainable Seattle Twist & Custom Light Installation
MEET TESSERACT Perched on a bluff overlooking Mt. Rainier, Elliott Bay, and the Seattle skyline, you’ll find the Tesseract house. The name Tesseract comes from the YA novel “A Wrinkle in Time,” describing a theorized cube that exists in three spatial dimensions: wrinkling space and time. Named so by the owner’s son, Max, this home aptly defies expectations. The Tesseract home was at the pinnacle of innovation from its inception, with the intention of bringing the outside in. Originally designed by Seattle Architect James Paul Jones to live in himself,…
Read MoreHousing Confidence Continues Upward Trend
Housing Confidence Continues Upward Trend Fannie Mae’s HPSI increased in April to its highest level since May 2022, jumping 5.5 points to 66.8. Read More National Mortgage Professional https://nationalmortgageprofessional.com/news/housing-confidence-continues-upward-trend
Read MoreBeechwood Carolinas Opens Sales Gallery for First Release of New Homes At Flagship Charlotte Community
Beechwood Carolinas Opens Sales Gallery for First Release of New Homes At Flagship Charlotte Community Lakeside Pointe will ultimately offer a range of Inland, Waterview and Waterfront homes; a 5,000-square-foot private clubhouse and private boat slips for residents; 68,000 square feet of retail… Read More Businesswire https://www.businesswire.com/news/home/20230509005281/en/Beechwood-Carolinas-Opens-Sales-Gallery-for-First-Release-of-New-Homes-At-Flagship-Charlotte-Community-Lakeside-Pointe-on-Lake-Norman
Read MoreWhite House Convenes on Advancing Clean Buildings
White House Convenes on Advancing Clean Buildings The White House convened 24 Governors’ offices to discuss how the Biden-Harris Administration can amplify states’ efforts to lead on commercial and residential building decarbonization policies that lower… Read More The White House https://www.whitehouse.gov/briefing-room/statements-releases/2023/05/05/readout-of-white-house-convening-on-advancing-clean-buildings/
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