Huge McKinney land sale is largest in the area this year

Huge McKinney land sale is largest in the area this year New York-based developer JEN Partners has bought more than 1,100 acres for a new residential community… Read More Dallas News https://www.dallasnews.com/business/real-estate/2020/09/14/huge-mckinney-land-sale-is-largest-in-the-area-this-year/

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Strong US housing market undeniably shines in the pandemic economy

Strong US housing market undeniably shines in the pandemic economy Housing continues to be a bright spot for America’s economy as mortgage rates rise and record low rates remain low; the Federal Reserve has plans to keep interests rates low in the future to make financing affordable… Read More WISHTV.com https://www.wishtv.com/news/business/strong-us-housing-market-undeniably-shines-in-the-pandemic-economy/

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9/17: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY September builder confidence rises to all-time high of 83 Builder confidence in the market for newly-built single-family homes increased five points to hit an all-time high of 83 in September, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. The previous highest reading of 78 in the 35-year history of the series was set last month and also matched in December 1998. The HMI index gauging current sales conditions rose four points to 88, the component measuring sales expectations in the next…

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Fixed mortgage rates tumble to lowest levels in history

Fixed mortgage rates tumble to lowest levels in history The 15-year fixed-rate average of home mortgages dropped to 2.37; one possible indication for the push down in mortgages rates could be due to the stock market…. Read More The Washington Post https://www.washingtonpost.com/business/2020/09/10/fixed-mortgage-rates-tumble-lowest-levels-history/

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Multifamily Construction Gains for Lower-Density Markets

Multifamily Construction Gains for Lower-Density Markets The Q2 2020 NAHB Home Building Geography Index (HBGI) reveals a notable multifamily construction shift to the suburbs/exurbs… Read More Eye On Housing http://eyeonhousing.org/2020/09/multifamily-construction-gains-for-lower-density-markets/

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Good News for Women in Construction: Employment Rising

Good News for Women in Construction: Employment Rising The number of women employed in the construction industry grew substantially in 2019 rising to around 1.2 million, surpassing the peak of pre-recession employment level… Read More Eye On Housing http://eyeonhousing.org/2020/09/good-news-for-women-in-construction-employment-rising/

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9/15: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY   August small business optimism index reveals split between current conditions and future Small-business owners continue to face significant financial challenges as a result of the global pandemic. The current Wells Fargo/Gallup Small Business Index Survey score of 60 is up from April’s 48, but the results remain far below pre-pandemic levels which reached as high as 142 in Quarter 4, 2019.  The current readings reflect significantly different perceptions of what is going on currently, contrasted with expectations for the future. https://news.gallup.com/poll/319220/small-business-owners-optimism-april-below-pre-covid.aspx   CPI up 0.4 percent…

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50+ Homebuilder sets sights on Indian Springs with new project

Homebuilder sets sights on Indian Springs with new project Beezer Homes is set to begin a new project in a rural town in Southern Nevada in order to provide a cheaper and more affordable option… Read More Las Vegas Review Journal https://www.reviewjournal.com/business/business-columns/real-estate-insider/homebuilder-sets-sights-on-indian-springs-with-new-project-2119362/

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