11/22/2022 – – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Existing home sales slump for 9th consecutive month, inventory at just 3.3 months’ supply Existing-home sales faded for the ninth month in a row to a seasonally adjusted annual rate of 4.43 million. Sales fell 5.9% from September and 28.4% from one year ago. The median existing-home sales price rose to $379,100, an increase of 6.6% from the previous year. The inventory of unsold existing homes slipped for the third consecutive month to 1.22 million at the end of October, or the equivalent of…

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Weighing in on Wellness

Weighing in on Wellness Kitchen & Bath Design News asked designers to share their thoughts about wellness and how they can improve it within their homes. Read More Kitchen & Bath Design News https://www.kitchenbathdesign.com/weighing-in-on-wellness/

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Pulte Homes Introduces Addison Square in South Fort Myers

Pulte Homes Introduces Addison Square in South Fort Myers Pulte Homes has announced plans for Addison Square, an intimate gated enclave of 53 new single-family homes in a sought-after area of South Fort Myers. Read More Bonita Springs Florida Weekly https://bonitasprings.floridaweekly.com/articles/pulte-homes-introduces-addison-square-in-south-fort-myers/

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Federal Housing Administration Annual Report

Federal Housing Administration Annual Report Annual report to Congress highlights FHA’s leading role in supporting affordable home financing for first-time homebuyers and borrowers of color, providing assistance to struggling homeowners… Read More U.S. Department of Housing and Urban Development https://www.hud.gov/press/press_releases_media_advisories/HUD_No_22_235

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11/18/2022 — MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Housing starts fall 4.2 percent in October and 8.8 percent year-on-year Privately‐owned housing starts in October were at a seasonally adjusted annual rate of 1,425,000.  This is 4.2 percent below the revised September estimate of 1,488,000 and is 8.8 percent below the October 2021 rate of 1,563,000. Single‐family housing starts in October were at a rate of 855,000; this is 6.1 percent below the revised September figure of 911,000. The October rate for units in buildings with five units or more was 556,000. https://www.census.gov/construction/nrc/pdf/newresconst.pdf…

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KB Home Announces the Grand Opening of Deer Run Estates

KB Home Announces the Grand Opening of Deer Run Estates Homebuilder’s latest community offers personalized, new homes in Central Florida, affordably priced from the $350,000s. Read More Market Screener https://www.marketscreener.com/quote/stock/KB-HOME-13230/news/KB-Home-Announces-the-Grand-Opening-of-Deer-Run-Estates-a-New-Home-Community-in-St-Cloud-Florida-42270350/

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More Money for Affordable Housing Around the Country

More Money for Affordable Housing Around the Country Kansas City will aim to fund “deeply affordable” housing with rents as low as $550 to $750 per month. In Florida’s Palm Beach County, $200 million in additional property taxes to… Read More Builder and Developer Magazine https://www.wlrn.org/news/2022-11-10/voters-approved-more-money-for-affordable-housing-around-the-country

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11/15/2022 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY   Consumer sentiment index falls 8.7 in October, declines 18.8 percent year-on-year Consumer sentiment fell about 9% below October, erasing about half of the gains that had been recorded since the historic low in June. Year-on-year it is down 18.8%. Overall, declines in sentiment were observed across the distribution of age, education, income, geography, and political affiliation, showing that the recent improvements in sentiment were tentative. http://www.sca.isr.umich.edu/   Consumers expect median inflation of 5.1 percent in the year ahead The median expected year-ahead inflation…

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Traditional Interior Design and Modern Style Really Do Go Together

Traditional Interior Design and Modern Style Really Do Go Together Decorators all over the world have proved how satisfying a space can be when it mixes the best elements of traditional design with the lessons of styles that have come around since. Read More Options Magazine https://www.architecturaldigest.com/story/inside-6-homes-that-prove-traditional-interior-design-and-modern-style-really-do-go-together  

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