Continued Gains for November Single-Family Permits

Continued Gains for November Single-Family Permits Over the first eleven months of 2020, total single-family permits issued year-to-date nationwide reached 888,217 — a 12.2% increase over the November 2019 level of 791,452…. Read More Eye On Housing http://eyeonhousing.org/2021/01/continued-gains-for-november-single-family-permits/

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1/21: Economic Update by P. DUFFY

Economic Update by P. DUFFY In addition to these links below, P. Duffy also curates more comprehensive, daily and weekly summaries of national and global economic news updates. Sign up for a free trial, and he’ll send you the latest issue. Use code BB2021 to save 50% for an upgrade to EconUpdate+ after the trial period ends! January builder confidence index drops 3 points to 83 Rising material costs led by a huge upsurge in lumber prices along with a resurgence of the coronavirus across much of the nation pushed…

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Housing affordability in 2021

Housing affordability in 2021 For some factors that contribute to limiting affordable housing options, we need look no further than planning and zoning offices in some cities… Read More The News-Enterprise https://www.thenewsenterprise.com/news/business/housing-affordability-in-2021/article_9d33fbda-af93-5db0-8e9f-5ffbad871150.html

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How Biden May Impact Mortgage Rates

How Biden May Impact Mortgage Rates The 30-year mortgage rate went up o 2.79% on January 14, and experts say if Biden implements a larger stimulus bill it is likely to increase mortgage rates to around 3%… Read More Mortgage Reports https://themortgagereports.com/73353/why-are-mortgage-rates-going-up-biden-covid-vaccines

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California’s Housing Market Soars In 2020 Despite Pandemic Hurdles

California’s Housing Market Soars In 2020 Despite Pandemic Hurdles According to The California Association of Realtors’ latest report, the state’s housing market has been resilient with solid sales and a fifth record-high median price… Read More National Mortgage Professional https://nationalmortgageprofessional.com/news/76279/californias-housing-market-soars-2020-despite-pandemic-hurdles

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1/19: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY   Retail sales down 0.7 percent in December, but up 2.9 percent year-on-year Retail and food service sales fell for the third straight month in December, down 0.7% from November, but still up 2.9% year-on-year. For all of 2020, overall sales squeaked up 0.6%. https://www.census.gov/retail/marts/www/marts_current.pdf   Inflation tracker Producer Price Index rose 0.8 percent in 2020 versus 1.4 percent in 2019 The Producer Price Index for final demand increased 0.3 percent in December, seasonally adjusted. On an unadjusted basis, the final demand index moved up…

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New Affordable Housing Project Moving Forward

New Affordable Housing Project Moving Forward Indiana-based The Annex Group will be developed an affordable housing community in west Indianapolis that will open in late 2021… Read More Inside Indiana Business https://www.insideindianabusiness.com/story/43162793/new-affordable-housing-project-moving-forward

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