5/14: MetroIntelligence Economic Update by P. DUFFY

CPI up 0.3 percent in April and 2.0 percent year-on-year The Consumer Price Index rose 0.3 percent in April (the gas index alone was up 5.7 percent) and 2.0 percent year-on-year (the highest since last November). Minus food and energy, the CPI was up 0.1 percent in April and 2.1 percent year-on-year. https://www.bls.gov/news.release/cpi.nr0.htm   U.S. productivity rose 3.6 percent in 1Q 2019 as output far outpaced hours worked U.S. productivity increased 3.6 percent in the first quarter of 2019, as output increased 4.1 percent but hours worked rose by just…

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MBK Rental Living and R.D. Olson Construction Team up on 330-Unit Luxury Apartment Project Construction is underway at Artesa at Menifee Town Center, slated to open early 2020 Read More Builder and Developer Magazine https://bdmag.com/mbk-rental-living-and-r-d-olson-construction-team-up-on-330-unit-luxury-apartment-project-in-menifee-master-planned-community/

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TRI POINTE HOMES ACQUIRES LOTS TO BUILD 154 HOMES IN TWO DENVER METRO LOCATIONS

DENVER, Colo. (November 28, 2018) – TRI Pointe Homes has announced the acquisition of 154 lots to build new homes in two for-sale communities in Douglas County, a highly desirable location in the Denver Market. The land transactions fit TRI Pointe Homes’ strategy of building quality innovative homes in locations with convenient access to major transportation and employment corridors.   “The Denver market ranks in the top 10 nationally for growth and stability,”(1) said Darren DuPree, Division President of TRI Pointe Homes Colorado. “These lot acquisitions illustrate the TRI Pointe…

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