Residential Luxury Interior Design Market Trends 

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

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

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

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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A. O. Smith Launches Second Quarterly Contractor Promo

A. O. Smith, a leader in water heating and treatment products, announced its second-quarter promotion for wholesale channel partners and their customers. Each quarter this year, the brand is partnering with wholesalers across the country to offer incentives for contractors who purchase select products. The second quarter promotion kicks off May 15th and runs through June 30th. During this time, contractors who purchase an A. O. Smith ProLine® or ProLine® Master tank water heater at a participating wholesale counter location will receive a credit toward tools. Contractors will receive one credit for…

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6/2/2023 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY   Construction spending up 1.2 percent in April and 7.2 percent year-on-year Construction spending during April 2023 was estimated at a seasonally adjusted annual rate of $1,908.4 billion, 1.2 percent above the revised March estimate of $1,885.0 billion. The April figure is 7.2 percent above the April 2022 estimate of $1,780.9 billion. During the first four months of this year, construction spending amounted to $566.7 billion, 6.1 percent above the $533.9 billion for the same period in 2022. https://www.census.gov/construction/c30/current/index.html   May manufacturing sector index…

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KB Home Announces the Grand Opening of Its Newest Community in Popular Hollister, California

KB Home Announces the Grand Opening of Its Newest Community in Popular Hollister, California KB Home (NYSE: KBH) announced the grand opening of Highgrove at Fairview, a new community of one- and two-story homes in popular Hollister, California. The new homes at Highgrove at Fairview are… Read More Eagle-Tribune https://www.eagletribune.com/region/kb-home-announces-the-grand-opening-of-its-newest-community-in-popular-hollister-california/article_ec54e8eb-2f3a-511f-a203-279014a27205.html

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New Housing Project Called ‘First of Its Kind’

New Housing Project Called ‘First of Its Kind’ State and city officials gathered at the O’Brien Farm property last week to break ground on a first-of-its-kind housing development project — one that will be completely free of fossil fuels and will essentially function… Read More The Other Paper https://www.vtcng.com/otherpapersbvt/news/municipal_matters/new-housing-project-called-first-of-its-kind/article_fbba2170-fb04-11ed-bd65-e310d1525722.html

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