U.S. Housing Market Moves Closer to Favoring Buyers; Sellers’ Markets Show No Sign of Slowing Down

U.S. Housing Market Moves Closer to Favoring Buyers; Sellers’ Markets Show No Sign of Slowing Down The shift toward buyer-favorability is occurring in neutral and more-buyer friendly markets, while the hottest sellers’ markets are cooling at a slow pace, remaining firmly in seller territory. Read More PR Newswire https://www.prnewswire.com/news-releases/us-housing-market-moves-closer-to-favoring-buyers-sellers-markets-show-no-sign-of-slowing-down-301690147.html

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Build-to-Rent Market Surging Amid Growing Purchase Turmoil

Build-to-Rent Market Surging Amid Growing Purchase Turmoil The BTR market is not new, born of another past housing crisis. But flashing forward to today with inflation and the Fed’s raising of rates in its attempts to tame it, BTR appears to be making a comeback. Read More Mortgage Professional America https://www.mpamag.com/us/specialty/commercial/build-to-rent-market-surging-amid-growing-purchase-turmoil/429102

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12/2/22 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Construction spending slips 0.3 percent in October but up 9.2 percent year-on-year Construction spending during October 2022 was estimated at a seasonally adjusted annual rate of $1,794.9 billion, 0.3 percent below the revised September estimate of $1,800.1 billion. The October figure is 9.2 percent above the October 2021 estimate of $1,644.3 billion. During the first ten months of this year, construction spending amounted to $1,507.8 billion, 10.8 percent above the $1,360.8 billion for the same period in 2021. https://www.census.gov/construction/c30/current/index.html   Consumers continued to spend…

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Garbett Homes Constructs Passive House in Luxurious Park City Community

Garbett Homes Constructs Passive House in Luxurious Park City Community Earning a HERS (Home Energy Rating) score of 34, this Eclipse community Passive House is one of the most energy efficient homes ever constructed in the State of Utah. Read More Cision https://www.prnewswire.com/news-releases/garbett-homes-constructs-passive-house-in-luxurious-park-city-community-301686155.html

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Governor Hochul Announces Start of Construction on $23 Million Affordable and Supportive Housing Development in East Buffalo

Governor Hochul Announces Start of Construction on $23 Million Affordable and Supportive Housing Development in East Buffalo As part of the building’s modernization and decarbonization efforts, it is also designed to meet the requirements of the New York State Energy Research and Development Authority’s New Construction Housing Program and 2020 Enterprise Green Communities. Read More Governor Kathy Hochul https://www.governor.ny.gov/news/governor-hochul-announces-start-construction-23-million-affordable-and-supportive-housing

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No Better Time to Offer Solar, EV Charging and More

No Better Time to Offer Solar, EV Charging and More ACCA forum detailed how HVAC contractors can offer new services to take advantage of IRA incentives. Read More Air Conditioning Heating Refrigeration https://www.achrnews.com/articles/147300-no-better-time-to-offer-solar-ev-charging-and-more

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Construction is Underway For BIG, ICON and Lennar’s 3D-Printed Homes in Texas

Construction is Underway For BIG, ICON and Lennar’s 3D-Printed Homes in Texas Designed for Georgetown’s master-planned community, named Wolf Ranch by Hillwood Communities, a Perot company, the 100-home community is being built by using innovative robotics, software and… Read More World Architecture https://worldarchitecture.org/architecture-news/engcm/construction-is-underway-for-big-icon-and-lennar-s-3d-printed-homes-in-texas.html

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New Home Sales Increase in October

New Home Sales Increase in October HUD and the U.S. Census Bureau estimated sales of newly built, single-family homes in October at a 632,000 seasonally adjusted annual pace, which is a 7.5% increase over downwardly revised September rate of 588,000. Read More Eye on Housing https://eyeonhousing.org/2022/11/new-home-sales-increase-in-october/

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