Newsletter Archives - Residential Contractor

7/11/2023 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Employment growth fell to 209,000 in June, earnings up 4.4 percent year-on-year Total nonfarm payroll employment increased by 209,000 in June, and the unemployment rate changed little at 3.6 percent. Nonfarm employment has grown by an average of 278,000 per month over the first 6 months of 2023, lower than the average of 399,000 per month in 2022. Over the past 12 months, average hourly earnings have increased by 4.4 percent. https://www.bls.gov/news.release/empsit.tn.htm May job openings falls to 9.8 million and 1.61 unemployed per…

KB Home Sets New Industry Record by Earning an Unprecedented 29 ENERGY STAR Market Leader Awards

KB Home Sets New Industry Record by Earning an Unprecedented 29 ENERGY STAR Market Leader Awards The company has built over 175,000 ENERGY STAR certified homes, an industry record. An energy-efficient KB home helps lower the total cost of homeownership and is designed to be healthier… Read More Businesswire https://www.businesswire.com/news/home/20230622813027/en/KB-Home-Sets-New-Industry-Record-by-Earning-an-Unprecedented-29-ENERGY-STAR-Market-Leader-Awards

Mill Creek Announces Start of Pre Leasing at Modera Morrison

Mill Creek Announces Start of Pre Leasing at Modera Morrison Modera Morrison is a seven-story podium structure that has been built to and is pursuing LEED Silver certification standards. The prime location is within walking distance… Read More PR Newswire https://www.prnewswire.com/news-releases/mill-creek-announces-start-of-preleasing-at-modera-morrison-301856213.html

3D Printing Our Way Out Of The Climate Change

3D Printing Our Way Out Of The Climate Change 3D printing has made its way into the home construction market, though with an unfortunate twist. Conventional printers use conventional cement, which has a heavy carbon footprint Fortunately, more… Read More Clean Technica https://cleantechnica.com/2023/06/29/3d-printing-our-way-out-of-the-climate-crisis/

Utah Housing Corporation Expands Energy Incentives for Developers

Utah Housing Corporation Expands Energy Incentives for Developers The Utah Housing Corporation (UHC) recently approved new incentives for developers to incorporate energy efficiency initiatives and electric vehicle (EV) charging stations in affordable housing units… Read More Town Lift https://townlift.com/2023/06/utah-housing-corporation-expands-energy-incentives-for-developers-building-affordable-housing/

Houston 3D-Printed Home Startup Building Eco-Friendly Houses in Round Top

Houston 3D-Printed Home Startup Building Eco-Friendly Houses in Round Top A Houston startup is unveiling a new eco-friendly method of 3D printing homes with a collection of vacation rentals in Round Top that it says could provide a model for more sustainable, affordable construction… Read More Houston Chronicle https://www.houstonchronicle.com/business/real-estate/article/hive-3d-printed-homes-eco-cement-round-top-18171939.php

The Use of Colour in Luxury Interior Design

The Use of Colour in Luxury Interior Design There are many captivating color schemes, trends and styles across luxury interior design each year. In the world of luxury home aesthetics, color choice plays a pivotal role in creating an ambiance… Read More Luxuo https://www.luxuo.com/properties/interiors/use-of-colour-in-luxury-interior-design-2023.html

Hundreds of New Homes Are Coming to These Sought-After Sacramento Suburbs

Hundreds of New Homes Are Coming to These Sought-After Sacramento Suburbs Despite an overall slowdown in the real estate market, demand for new homes in the Sacramento region remains strong. Much of that demand is playing out in some of the region’s most sought… Read More The Sacramento Bee https://www.sacbee.com/news/business/real-estate-news/article276832571.html

Single-Family Building Focused around Baby Boomers: Multifamily is Millennial Focused

Single-Family Building Focused around Baby Boomers: Multifamily is Millennial Focused NAHB analysis of county level permit data and demographic data indicates that single-family home building in the first quarter of 2023 is occurring mostly in counties where baby boomers make up… Read More Eye On Housing https://eyeonhousing.org/2023/06/single-family-building-focused-around-baby-boomers-multifamily-is-millennial-focused/

U.S. Mortgage Performance Continues Strong Run in April

U.S. Mortgage Performance Continues Strong Run in April Despite small annual upticks in certain states and metro areas, overall mortgage delinquencies remain near an all-time low. Read More CoreLogic https://www.corelogic.com/press-releases/corelogic-us-mortgage-performance-continues-strong-run-in-april/