Month: June 2023

6/13/2023 – MetroIntelligence Economic Update by P. DUFFY

BrianAnthony

MetroIntelligence Economic Update by P. DUFFY Observed Asking Rents up 0.6 percent in May and 4.8 percent year-on-year Asking rents climbed by $13, or 0.6%, from April to May, according to the latest edition of the Zillow Observed Rent Index (ZORI). That brings the typical rent price nationwide to $2,048, or 4.8% higher than one year ago, continuing a steady slowdown in annual growth rates ever since the record-high growth rate of 17% observed in February 2022. The year-to-date rent growth of 1.9% is well below the 2.7% average cumulative…

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Morrisville Celebrates the Opening of 25 New Affordable Apartments Near Downtown

BrianAnthony

Morrisville Celebrates the Opening of 25 New Affordable Apartments Near Downtown VermontBiz On Monday afternoon residents, funders, community members, local legislators and two affordable housing organizations came together to celebrate the completion of Gordon Lane… Read More Vermont Biz https://vermontbiz.com/news/2023/june/07/morrisville-celebrates-opening-25-new-affordable-apartments-near-downtown

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Residential Luxury Interior Design Market Trends 

BrianAnthony

Residential Luxury Interior Design Market Trends The COVID-19 pandemic has significantly impacted the worldwide Residential Luxury Interior Design sector. The research focuses on the pandemic’s effects on the market and offers… Read More KaleidoScot https://www.kaleidoscot.com/residential-luxury-interior-design-market-2023-trends-with-analysis-on-key-players-stantec-db-b-perkins-eastman-cannon-design-som-ccd-etc/   Post to options

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6/9/2023 – MetroIntelligence Economic Update by P. DUFFY

BrianAnthony

MetroIntelligence Economic Update by P. DUFFY Housing affordability posts solid gain but is still much lower than a year ago According to the NAHB/Wells Fargo Housing Opportunity Index (HOI), 45.6% of new and existing homes sold between the beginning of January and end of March were affordable to families earning the U.S. median income of $96,300.  Although higher than in the final quarter of 2022 (38.1%), the latest HOI is still significantly lower than it was a year earlier (56.9%) – a reminder of ongoing housing affordability challenges. https://eyeonhousing.org/2023/06/housing-affordability-posts-solid-gain-but-still-much-lower-from-a-year-ago/  …

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Best Builders Explain Their Custom Home Tips

angelica@builder.media

Building someone’s dream home can be a little nerve-wracking at times and cause a variety of emotions. Although there may be some unexpected surprises or unwanted ones, there are some ways you can be prepared. Here is advise from some of the top homebuilders on what to expect and handle building a home. According to D Magazine, “Patiently letting the preconstruction process play out. All parties, including your builder, are excited to get shovels in the ground. With that said, ensuring you take adequate time to get plans correct in…

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Single-Family Construction Slowdown Less Pronounced in Lower Density Markets

angelica@builder.media

Although the pandemic fueled a slowdown in single-family housing the slowdown is not lower-density markets as single-family housing is less pronounced. In more affordable and lower-density areas single-family housing is blooming. According to LMB Journal, the HBGI is a quarterly measurement of building conditions across the country and uses county-level information about single- and multifamily permits to gauge housing construction growth in various urban and rural geographies. The lowest single-family year-over-year growth rates in the first quarter of 2023 occurred in large metro core counties, which posted a 25.6% decline.…

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