15-year Mortgage hits record low at 2.35%

15-year Mortgage hits record low at 2.35% Mortgage buyer Freddie Mac reported on Thursday that 15-year average rates dropped down to a new record-low of 2.35%…. Read More OC Register https://www.ocregister.com/2020/09/21/us-long-term-mortgage-rates-change-little-30-year-at-2-87/

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Housing Market Potential Reaches Highest Level Since 2007, According to First American Potential Home Sales Model 

Housing Market Potential Reaches Highest Level Since 2007, According to First American Potential Home Sales Model  First American Financial Corporation released their proprietary Potential Homes sales model for the month of August which saw that potential-existing homes sales went up to a 5.92 million seasonally adjusted annualized rate… Read More Businesswire https://www.businesswire.com/news/home/20200921005131/en/Housing-Market-Potential-Reaches-Highest-Level-Since-2007-According-to-First-American-Potential-Home-Sales-Model

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9/22: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY   August Leading Economic Index rises another 1.2 percent to 106.5 The U.S. Leading Economic Index (LEI) increased 1.2 percent in August to 106.5 (2016 = 100), following a 2.0 percent increase in July and a 3.1 percent increase in June.  Despite the improvement, the LEI remains in recession territory, still 4.7 percent below its February level.  The slowing pace of improvement also suggests that this summer’s economic rebound may be losing steam heading into the final stretch of 2020. https://conference-board.org/data/bcicountry.cfm?cid=1     September…

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New home construction boosting housing stock in Clark and Champaign counties

New home construction boosting housing stock in Clark and Champaign counties Local officials are considering plans to encourage developers to start project in Clark and Champaign counties in Ohio, particularly since neither county has seen much growth in new housing developments in recent decades… Read More Springfield News-Sun https://www.springfieldnewssun.com/news/new-home-construction-boosting-housing-stock-in-clark-and-champaign-counties/QH3MJI2MOZGU7EHZ3J7V2H3P6M/

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Five affordable housing projects to get funding from Dane County

Five affordable housing projects to get funding from Dane County Five affordable housing projects in Dane County, Wisconsin are expected to receive $4.45 million in funds from the Affordable Housing Development Fund to address affordable housing in the state… Read More The Cap Times https://madison.com/ct/news/local/govt-and-politics/five-affordable-housing-projects-to-get-funding-from-dane-county/article_ad5d17e3-a62a-5bb5-8381-ec113a181b64.html

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Developer proposes 190-unit senior living campus in New Rochelle

Developer proposes 190-unit senior living campus in New Rochelle A Mamaroneck developer is working with Atria Senior Living and Related Construction to develop a proposal for a 190-unit senior living facility…. Read More Westfair https://westfaironline.com/128258/developer-proposes-190-unit-senior-living-campus-in-new-rochelle/

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Single-Family Starts Expand in August

Single-Family Starts Expand in August The pace of single-family starts in August was the highest production rate since February… Read More Eye On Housing http://eyeonhousing.org/2020/09/single-family-starts-expand-in-august/

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9/18: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Housing starts fall 5.1 percent in August, but still up 2.8 percent year-on-year Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,416,000. This is 5.1 percent below the revised July estimate of 1,492,000, but is 2.8 percent above the August 2019 rate of 1,377,000. https://www.census.gov/construction/nrc/pdf/newresconst.pdf   Building permits slip 0.9 percent from July, nearly flat year-on-year Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,470,000. This is 0.9 percent below the…

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How the pandemic has put flexibility front and center in home design

How the pandemic has put flexibility front and center in home design Incremental changes in floor plans and interior design have been made that point the way to the future… Read More The Washington Post https://www.washingtonpost.com/realestate/how-the-pandemic-has-put-flexibility-front-and-center-in-home-design/2020/09/16/a85cb08a-e3e5-11ea-b69b-64f7b0477ed4_story.html

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