Month: November 2023

Home Size Trending Lower Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022 and 2023, and housing affordability worsened, the demand… Read More Eye On Housing https://eyeonhousing.org/2023/11/home-size-trending-lower/

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MetroIntelligence Economic Update by P. DUFFY October existing home sales fall 4.1 percent to 13-year low Existing-home sales descended 4.1% in October to a seasonally adjusted annual rate of 3.79 million. Sales slumped 14.6% from one year ago to a 13-year low due to low inventory and affordability. The median existing-home sales price climbed 3.4% from one year ago to $391,800 – the fourth consecutive month of year-over-year price increases. The inventory of unsold existing homes grew 1.8% from the previous month to 1.15 million at the end of October,…

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American’s Homebuyers are Trending Older The U.S. housing market has shattered the stereotypical American dream, as the dominant group of homebuyers ages and moves without young children. Read More AXIOS https://www.axios.com/2023/11/20/american-housing-market-older-homeowners-2023

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How to Navigate Regional Costs in Construction The construction industry has a serious need for accurate, local and real-time pricing data. Verisk, a data analytics and technology partner to the global insurance industry, is working to solve it. Read More NAHB https://www.nahb.org/blog/2023/11/how-to-navigate-regional-costs-in-construction

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Governor Hochul Encourages New Yorkers to Make an Energy Plan Ahead of Winter Governor Kathy Hochul today encouraged New Yorkers to prepare now to keep their homes and businesses warm heading into winter. Multiple New York State agencies and authorities offer programs that can help… Read More Governor of New York https://www.governor.ny.gov/news/governor-hochul-encourages-new-yorkers-make-energy-plan-ahead-winter

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EPA Announces First-Ever ENERGY STAR Certified Distilleries The U.S. Environmental Protection Agency (EPA) is recognizing eight distilleries for being the first to earn EPA’s ENERGY STAR certification for superior energy performance. On average, a large distillery—one… Read More EPA https://www.epa.gov/newsreleases/epa-announces-first-ever-energy-star-certified-distilleries

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Going Green: Think About How to Winterproof Your Home Adequately insulated homes could save hundreds of pounds a year in heating costs not to mention hundreds of kg of CO2 emissions a year. If you’re physically fit and healthy and your loft has easy access and no… Read More New Yahoo https://news.yahoo.com/going-green-think-winterproof-home-090000985.html

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Builder Brings Homes Made of Foam to Texas As Texas deals with low inventory in the housing market, some builders are beginning to offer new types of construction, relying on innovative materials to build greener, more energy-efficient homes in less time… Read More NBC https://www.nbcdfw.com/news/local/builder-brings-homes-made-of-foam-to-texas/3390157/

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Builder Turns Recycled Cars Into New Homes in North Texas The housing market in North Texas has many rethinking their dreams of owning a home. Potential home buyers have little wiggle room between high interest rates and low inventory. A local company… Read More NBC https://www.nbcdfw.com/news/local/builder-turns-recycled-cars-into-new-homes-in-north-texas/3388846/

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MBK Rental Living Announces Luxury Rental Community in Morgan Hill “At Vida, we’re targeting LEED Gold certification,” said McCarren. “Vida is a part of our signature With Our World program of environmentally and socially responsible design… Read More Yield PRO https://yieldpro.com/2023/11/mbk-rental-living-announces-kickoff-of-pre-leasing-at-luxury-rental-community-in-morgan-hill/

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