Year: 2023

Maine Delegation Announces Nearly $18M for Clean Water Infrastructure Upgrades Made possible through the Bipartisan Infrastructure Law, the funding will support Maine communities in upgrading essential water, wastewater, and stormwater infrastructure that protects… Read More Senator Susan Collins https://www.collins.senate.gov/newsroom/maine-delegation-announces-nearly-18-million-for-clean-water-infrastructure-upgrades-in-maine

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FHA To Cut Mortgage Insurance Premium By 30 Basis Points 850,000 homebuyers and homeowners with new FHA-insured mortgages expected to benefit in 2023. Read More The White House https://www.whitehouse.gov/briefing-room/statements-releases/2023/02/22/fact-sheet-biden-harris-administration-announces-action-to-save-homebuyers-and-homeowners-800-per-year/

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U.S. Annual Rent Price Growth Dropped by Nearly Half in December U.S. single-family rental price growth rose by 6.4% year over year in December 2022, compared with the 12.1% gain recorded in December 2021. Read More CoreLogic https://www.corelogic.com/intelligence/corelogic-us-annual-rent-price-growth-dropped-by-nearly-half-in-december/

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Economy Off to Surprisingly Strong Start in 2023 Housing started 2023 on a relative high note given a roughly 100 basis point pullback in mortgage rates since November. Read More Fannie Mae https://www.fanniemae.com/newsroom/fannie-mae-news/economy-surprisingly-strong-start-2023-its-not-expected-last

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MetroIntelligence Economic Update by P. DUFFY February economic output index rises sharply to 50.2 The headline Flash US PMI Composite Output Index registered 50.2 in February, up sharply from 46.8 in January. The latest reading was the highest for eight months and signaled broadly unchanged output on the month across the private sector. Service sector firms registered a fractional uptick in business activity while manufacturers reported a slower decrease in output. https://www.pmi.spglobal.com/Public/Home/PressRelease/1a48b2fdf6114741aade2fd71f25f4a6   January existing home sales slips for 12th consecutive month, sales prices up 1.3 percent year-on-year Existing-home sales…

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Home Offices Are Here To Stay For homeowners, it could make sense to finally invest in a dedicated workspace, even if retirement is imminent — or, find the best way to share space in a streamlined, multipurpose room. Read More Milwaukee Journal Sentinel https://www.jsonline.com/story/life/home-garden/2023/02/23/home-offices-are-big-heres-why-and-what-designers-are-seeing/69888755007/

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Suburban Colonial with Modern Vibe of Boston Condo Industrial transom windows between spaces allow each area its own mood. Read More Boston https://www.boston.com/property/2023/02/21/elms-interior-design/

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LGI Homes Expands Footprint in Phoenix Market with Newest Community Opening LGI Homes at Ridgeview offers a variety of spacious floor plans, each with a unique layout. New homes range from three-bedroom plans with extra storage closets, to five-bedroom homes… Read More Market Screener https://www.marketscreener.com/quote/stock/LGI-HOMES-INC-14850834/news/LGI-Homes-Expands-Footprint-in-Phoenix-Market-with-Newest-Community-Opening-43065770/

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D.R. Horton Holds Ribbon Cutting for New Housing Phase two, which will consist of roughly 50 single-family homes, is projected to begin by Christmas. Each house comes with standard stainless steel appliances, including a stove, microwave… Read More The Post-Searchlight https://www.thepostsearchlight.com/2023/02/22/d-r-horton-holds-ribbon-cutting-for-new-housing/

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Manhattan Passive House Community Nears Completion The 108-unit property will include an affordable housing component. Read More Multi-Housing News https://www.multihousingnews.com/manhattan-passive-house-community-nears-completion/

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