Year: 2023

Housing Receives Temporary Bump from Lower Rates in January The gain in the pending home sales index suggests there will be a corresponding increase in existing sales in February and perhaps some in March. Read More Fannie Mae https://www.fanniemae.com/research-and-insights/forecast/services-activity-continues-outperform-manufacturing-housing-receives-temporary-bump-lower-rates

MetroIntelligence Economic Update by P. DUFFY   December job openings fall 3.6 percent to 10.8 million versus 5.1 million unemployed The number of job openings fell 3.6% from December to 10.8 million, while hires rose 1.9% to 6.4 million. Quits fell 5.1% to 3.9 million, although the ratio of quits to open jobs remained at 36%. While the number of open jobs vs. officially unemployed fell 6.9% to 5.1 million, the ratio of jobs/unemployed person fell by half (3.2%) to 1.9. https://www.bls.gov/news.release/jolts.nr0.htm   Private sector employment rises by 242,000 in…

Tiny Homes Grow More Popular in Real Estate Market Tiny homes have presented an interesting topic for many years now. They certainly haven’t become normal for most people and most neighborhoods. Could this change? Read More Mint Hill Times https://www.minthilltimes.com/columns/lets-get-moving-with-anna/will-the-real-estate-market-be-taken-over-by-tiny-homes/

HydAway Hydraulic Walls Wins Best Outdoor Product HydAway Hydraulic Walls offer a unique, attractive and affordable way to customize outdoor settings. Read More NAHB International Builders’ Show https://blog.buildersshow.com/2023/03/hydaway-hydraulic-walls-wins-best-outdoor-product/

Toll Brothers Announces Model Grand Opening in Harvest Master-Planned Community Toll Brothers, Inc. announced the highly anticipated grand opening of its model home at Toll Brothers at Harvest – Elite Collection, a neighborhood of luxury, single-family homes. Read More InvestorsObserver https://www.investorsobserver.com/news/qm-pr/5311737787522571

Industry Panel: Expect Fewer Amenities in New Residential Developments Industry insiders discuss the residential market and how, with rising costs and a diminished appetite for debt, developers are likely to cut down on extras. Read More Business Observer https://www.businessobserverfl.com/news/2023/mar/06/expect-fewer-amenities-in-new-residential-developments/

New Affordable Multifamily Housing Project Gets Green Light The project is being developed by Dallas-based developer Palladium USA and will offer 172 multifamily units all priced for applicants that make 60% or less of the area’s median income. Read More Community Impact https://communityimpact.com/dallas-fort-worth/mckinney/development/2023/03/08/new-affordable-multifamily-housing-project-gets-green-light-from-mckinney-officials/

A Clean-Energy Texas Suburb Goes National Inside each house, water pumps mostly powered by solar energy shunt heat from the house into the cool earth more than 300 feet below — a form of clean energy known as geothermal heat exchange. Read More The Hill https://thehill.com/policy/equilibrium-sustainability/3883082-a-clean-energy-texas-suburb-goes-national/

ENHABIT: A Conference on Sustainable Design + Building in the 21st Century This first annual Enhabit Conference on Sustainable Design and Building will bring building professionals from throughout Minnesota to Grand Rapids for a day of education and discussion, on Thursday, March 9. Read More Grand Rapids Herald Review https://www.grandrapidsmn.com/business/enhabit-a-conference-on-sustainable-design-building-in-the-21st-century/article_cb88f104-bab6-11ed-be1c-1f0b51f6a3f8.html