What Is Happening in the Housing Market? Home construction surged in May and prices have ticked up, even with interest rates at a 15-year high. The resilience has surprised some economists… Read More New York Times https://www.nytimes.com/2023/06/26/business/economy/housing-market-construction-cost.html
Read MoreMonth: June 2023
6/27/2023 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY June economic index slips to 2-month low, but service sector still robust At 53.0 in June vs. 54.9 in May, the headline S&P Global Flash US PMI Composite Output Index indicated a fifth successive monthly increase in activity across the private sector. Manufacturers weighed on the overall expansion, as goods producers recorded a solid decline in production after three months of growth. Robust growth continued to be recorded in the service sector, albeit with the rate of expansion cooling from May’s 13-month high. https://www.pmi.spglobal.com/Public/Home/PressRelease/6e8efbfbddde43f29eb12c5193939625…
Read MoreUsing Floor Plans Helps Buyers Visualize Potential of New Homes
Using Floor Plans Helps Buyers Visualize Potential of New Homes Nearly half of the potential homebuyers rely on floor plans and 3D tours to aid in their decision-making, according to the 2022 National Association of Realtors Profile of Home Buyers… Read More Denver Post https://www.denverpost.com/2023/06/25/using-floor-plans-helps-buyers-visualize-potential-of-new-homes-real-estate-voices/
Read MoreAnaheim Unveils New Affordable Apartments Near Resort District
Anaheim Unveils New Affordable Apartments Near Resort District Anaheim officials on Thursday, June 22, unveiled new apartments near the resort district, marking the city’s 42nd project with 100% affordable housing. The 102-unit complex is next to the 5… Read More OC Register https://www.ocregister.com/2023/06/23/anaheim-unveils-new-affordable-apartments-near-resort-district/
Read More6/23/2023 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY Existing home sales edge up 0.2 percent in May, down 20.4 percent year-on-year Existing-home sales recorded a minor gain of 0.2% in May to a seasonally adjusted annual rate of 4.30 million. Sales retreated 20.4% from one year ago. The inventory of unsold existing homes grew 3.8% from the previous month to 1.08 million at the end of May, or the equivalent of 3.0 months’ supply at the current monthly sales pace. The median existing-home price for all housing types in May was $396,100,…
Read MoreHiring An Architect? Questions To Ask First
For the client and the architect to have a better experience, understanding the process of hiring and working with an architect for new home construction or remodeling projects is key, as the process of hiring an architect for a custom home design, or for remodeling rooms and spaces in an existing home, can be rather intimidating. Though all professional services are relative, with vision and training, a space can be transformed into a place that evokes happiness for years to come. According to Acme Brick, “clients don’t need to have everything…
Read MoreEnergy-Efficient Homes Being Built in Titusville Neighborhood
Energy-Efficient Homes Being Built in Titusville Neighborhood New, sustainable, and affordable houses are going up in Titusville. It’s part of the city of Birmingham’s efforts to provide more affordable homes for families. The new homes are sustainable meaning they can help… Read More CBS 42 https://www.cbs42.com/news/local/energy-efficient-homes-being-built-in-titusville-neighborhood/
Read MoreNew York City Rebuilds $16.6M Corridor With Permeable Concrete
New York City Rebuilds $16.6M Corridor With Permeable Concrete A recently completed, $16.6 million infrastructure project in Queens used porous pavement to allow nearly 1.3 million gallons of stormwater to be absorbed back into the ground instead of flowing into the sewer… Read More Construction Dive https://www.constructiondive.com/news/new-york-city-rebuilds-16m-corridor-with-permeable-concrete/652999/
Read More5 Reasons Green Homes Need Energy-Efficient Air Conditioners
5 Reasons Green Homes Need Energy-Efficient Air Conditioners More people than ever have expressed a desire to live greener lifestyles. The OPEC conducted a survey that showed over half of people all over the world want to do more to help the planet. In the EPIC Survey… Read More Blue and Green Tomorrow https://blueandgreentomorrow.com/features/reasons-green-homes-need-energy-efficient-air-conditioners/
Read MoreCompletion of $19 Million Affordable and Supportive Housing Development in Oswego County
Completion of $19 Million Affordable and Supportive Housing Development in Oswego County Governor Kathy Hochul today announced the completion of a $19 million multigenerational affordable and supportive housing development in the Oswego County Village of Pulaski. Selkirk Landing offers 44… Read More Governor NY https://www.governor.ny.gov/news/governor-hochul-announces-completion-19-million-affordable-and-supportive-housing-development
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