3/31/2023 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Pending home sales rise for third straight month but down 21.1 percent year-on-year February pending home sales rose for the third consecutive month, up 0.8% from January. Month-over-month, contract signings increased in three U.S. regions but declined in the West. Pending home sales decreased 21.1% in all four regions compared to one year ago. https://www.nar.realtor/newsroom/pending-home-sales-grew-for-third-straight-month-up-0-8-in-february   January Case-Shiller index down 0.5 percent from December, up 3.8 percent year-on-year The (S&P Corelogic) Case-Shiller index continued to decline month-on-month in January, down -0.5% before seasonal adjustments…

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This Smart Sprinkler System Uses AI and Inkjet Printing Tech to Reduce Water Waste

This Smart Sprinkler System Uses AI and Inkjet Printing Tech to Reduce Water Waste The average American family uses more than 300 gallons of water per day, with at least 30% of this amount being used outdoors, according to the EPA. Read More ZDNet https://www.zdnet.com/home-and-office/smart-home/this-sprinkler-system-uses-ai-and-inkjet-printing-tech-to-reduce-water-waste/

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In Effort to Boost Housing Supply, Lawmakers Propose Loosening Rules for Builders

In Effort to Boost Housing Supply, Lawmakers Propose Loosening Rules for Builders Recent bills deal with different ways to address the same basic issue: Delays in getting permits from local governments. Two aim to loosen restrictions on inspections, zoning. Read More WRAL News https://www.wral.com/in-effort-to-boost-housing-supply-lawmakers-propose-loosening-rules-for-builders/20777459/

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Completion of $17M Affordable Mixed-Use Housing Development for Seniors in Buffalo

Completion of $17M Affordable Mixed-Use Housing Development for Seniors in Buffalo La Plaza de Virginia Offers 46 Affordable and Supportive Homes for Seniors with Community Senior Service Center, Café, and Health Resources. Read More NY Governor’s Office https://www.governor.ny.gov/news/governor-hochul-announces-completion-17-million-affordable-mixed-use-housing-development

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Turning Mining Waste Into a Sustainable Concrete Replacement

Turning Mining Waste Into a Sustainable Concrete Replacement $4.38 Million in New Funding Expands NREL Partnerships With Industry and Academia To Develop Revolutionary Mineralization Process and Reduce CO₂ Emissions Within Construction Industry. Read More National Renewable Energy Laboratory https://www.nrel.gov/news/program/2023/turning-mining-waste-into-sustainable-concrete-replacement.html

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The Humble Wooden Beam is Revolutionizing Construction in St. Louis.

The Humble Wooden Beam is Revolutionizing Construction in St. Louis. A building material called mass timber is gaining popularity across the country and in St. Louis because of its sustainability, natural wood aesthetics and potential to save real estate developers money with a shortened construction schedule. Read More St. Louis Post-Dispatch https://www.stltoday.com/business/local/the-humble-wooden-beam-is-revolutionizing-construction-in-st-louis-here-s-how/article_25de937f-88c6-53b7-b0ea-47c59a6a1c5c.html

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