The market remains robust heading into the summer months, buoyed by low interest rates and the region’s growing economy… Read More The News & Observer www.newsobserver.com/news/business/article231678068.html
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6/25: MetroIntelligence Economic Update by P. DUFFY
Existing home sales jumped 2.5 percent from April, but still down 1.1 percent year-on-year Total existing-home sales jumped 2.5% from April to a seasonally adjusted annual rate of 5.34 million in May. Total sales, however, are down 1.1% from a year ago. Unsold inventory is at a 4.3-month supply at the current sales pace, up from both the 4.2 month supply in April and from 4.2 months in May 2018. https://www.nar.realtor/newsroom/existing-home-sales-ascend-2-5-in-may Markit Flash PMI Output drops to 50.6 in June as business expansion weakens The IHS Markit Flash U.S….
Read MoreHigh-performance housing: Demand for ‘passive houses’ has driven aggressive growth
Interest is pushed by factors like proven outcomes, growing concern about climate change, and the potential to reduce carbon footprint… Read More Mainebiz www.mainebiz.biz/article/high-performance-housing-demand-for-passive-houses-has-driven-aggressive-growth
Read MoreSolar panels, picnic space and bike racks push Napa apartment plan over the hump
Those nods toward better livability for future tenants were enough to convince four commissioners to back the First Street Apartments…. Read More Napa Valley Register https://napavalleyregister.com/news/local/solar-panels-picnic-space-and-bike-racks-push-napa-apartment/article_01f16ea7-6894-5912-ac6e-93a8ebc70208.html
Read MoreThe Unique Details of the Net-Zero ABC Green Home 4.0 Luxe Project
A plethora of advanced systems and materials will make the luxury residence one of the most energy-advanced homes in California… Read More Green Home Builder Magazine https://greenhomebuildermag.com/the-unique-details-of-the-net-zero-abc-green-home-4-0-luxe-project/
Read MoreAre Carbon-Neutral Interiors Possible?
The answer is an unequivocal yes, says designer (and original Queer Eye cast-member) Thom Filicia, who helped…. Read More Architectural Digest www.architecturaldigest.com/story/are-carbon-neutral-interiors-possible
Read MoreDevelopers expediting home building to meet Bay-housing crunch
The Bay County Commission gave D.R. Horton approval to start construction on the first of 113 homes outside Panama City… Read More Panama City News Herald www.newsherald.com/news/20190621/developers-expediting-home-building-to-meet-bay-housing-crunch
Read MoreWhy U.S. Housing Market May Be Healthier Than We Think
Housing starts are a leading indicator, meaning it shows us where the economy is going—not where it’s been… Read More Yahoo Finance https://finance.yahoo.com/news/why-u-housing-market-may-162800466.html
Read MoreWant a House Like This? Prepare for a Bidding War With Investors
A house in Atlanta was sold three times in one year, a sign of exploding investor interest in starter homes that is reshaping the nation’s housing market and driving up prices… Read More The New York Times www.nytimes.com/interactive/2019/06/20/business/economy/starter-homes-investors.html?auth=login-email
Read More6/21: MetroIntelligence Economic Update by P. DUFFY
Federal Reserve keeps interest rates unchanged, releases new economic projections The Fed has just released new economic projections for 2019 through 2021, which were last updated in March. For 2019, projected GDP growth is unchanged at 2.1 percent, the unemployment rate edges down from 3.7 to 3.6 percent, and the PCE inflation rate falls from 1.8 to 1.5 percent. Notably, the Federal Funds rate remains unchanged at 2.4 percent for 2019, but is projected to be lowered to 2.1 percent in 2020. However, in its statement, the Fed removed the…
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