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MetroIntelligence Economic Update by P. DUFFY Initial unemployment claims dip again to lowest level since mid-March 2020 In the week ending October 16, initial unemployment claims were 290,000, a decrease of 6,000 from the previous week’s revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. Continued claims during the week ending October 9 were 2,481,000, a decrease of 122,000 from the previous week’s revised level. The total number of continued weeks claimed for benefits in all programs for the week ending…

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Fairstead Commits $500M to Affordable Housing Strategy The equity will expand the firm’s portfolio and operations. Read More MultiHousing News https://www.multihousingnews.com/post/fairstead-commits-500m-to-affordable-housing-strategy/

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Top 20 Markets for Single-Family and Multifamily Permits: 2011-2020 At the state level, Texas takes the top spot as three out of the five largest single-family markets are located in the Lone Star state… Read More Eye On Housing https://eyeonhousing.org/2021/10/top-20-markets-for-single-family-and-multifamily-permits-2011-2020/

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Housing Market Continues to Creep Toward More Balance The U.S. Zillow Home Value Index (ZHVI) rose to $308,220 in September, up 1.6% from August… Read More Zillow https://www.zillow.com/research/september-2021-market-report-30226/

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MetroIntelligence Economic Update by P. DUFFY Housing starts slip 1.6 percent in September, but up 7.4 percent year-on-year September housing starts were at a seasonally adjusted annual rate of 1,555,000, down 1.6% from August but up 7.4% year-on-year. Single‐family housing starts were at 1,080,000; this is virtually unchanged from August, while those for buildings with 5+ units fell 5.1%. https://www.census.gov/construction/nrc/pdf/newresconst.pdf   Building permits fall 7.7 percent in September, flat year-on-year September building permits were at a seasonally adjusted annual rate of 1,589,000, down 7.7% from August and flat year-on-year. Single‐family…

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Top Designers Share the Interior Design Trends They’re Most Excited About for 2022 Expect pattern-on-pattern across the house and further elevation of WFH spaces… Read More Yahoo! https://www.yahoo.com/lifestyle/top-designers-share-interior-design-230000491.html

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Denver Breaks Ground On Affordable Housing Project For People Experiencing Homelessness On Tuesday, Mayor Michael Hancock and Councilwoman Jamie Torres praised the $17.3 million project developed by the nonprofit REDI Corporation… Read More KDVR https://kdvr.com/news/local/denver-breaks-ground-on-affordable-housing-project-for-people-experiencing-homelessness/

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World’s Most Sustainable High-Rise Apartment Building Sustainable Living Innovations Announces Installation of First Manufactured Panels at 303 Battery, Key Milestone in Construction of World’s Most Sustainable High-Rise Apartment Building. Read More Business Wire https://www.businesswire.com/news/home/20211019005892/en/Sustainable-Living-Innovations-Announces-Installation-of-First-Manufactured-Panels-at-303-Battery-Key-Milestone-in-Construction-of-World%E2%80%99s-Most-Sustainable-High-Rise-Apartment-Building

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Builders Sentiment Marches Ahead U.S. Builder Confidence Rises for 2nd Straight Month in October Read More Nasdaq https://www.nasdaq.com/articles/builders-sentiment-marches-ahead-in-october%3A-7-stocks-to-gain-2021-10-19

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The Future of Smart Homes and Appliances Has Arrived Consumer spending on smart home and contactless technologies gains ground. Read More Design News https://www.designnews.com/automation/survey-says-future-smart-homes-and-appliances-has-arrived

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