Uncategorized Archives - Residential Contractor

6/20/2023 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Fed pauses rate hikes, revises economic projections As expected, although the Federal Reserve did opt to keep interest rates higher for now, its revised economic projections also show more stubborn core inflation, prompting higher Federal Funds rates through 2025 than forecast in March. The new projections show the Federal Funds rate for 2023 rising from 5.1% to 5.6% (signaling further hikes ahead this year), falling to 4.6% in 2024 (up from 4.3% in March) and 3.4% in 2025 (up from 3.1% in March).…

White House Convenes on Advancing Clean Buildings

White House Convenes on Advancing Clean Buildings The White House convened 24 Governors’ offices to discuss how the Biden-Harris Administration can amplify states’ efforts to lead on commercial and residential building decarbonization policies that lower… Read More The White House https://www.whitehouse.gov/briefing-room/statements-releases/2023/05/05/readout-of-white-house-convening-on-advancing-clean-buildings/

High Gloss Kitchens Making a Major Comeback

High Gloss Kitchens Making a Major Comeback We’re starting to see high gloss return to kitchen design, albeit in a different form. Today’s trendiest high-gloss kitchens are super modern, monochromatic slab door styles. Instead, more characterful… Read More Livingetc https://www.livingetc.com/news/high-gloss-kitchen-cabinets

U.S. Home Prices Rise Slightly, Ending Seven Straight Months of Declines

U.S. Home Prices Rise Slightly, Ending Seven Straight Months of Declines After steadily declining for seven consecutive months, housing prices are now back on the uptick, according to a new report. Read More Bank Rate https://www.bankrate.com/real-estate/housing-prices-falling-across-country/

Are Kitchen Islands a Thing of the Past?

Are Kitchen Islands a Thing of the Past? Though kitchen islands provide much-appreciated extra space for food preparation and a less formal alternative to a traditional dining table, they may be a bigger nuisance than we care to admit. Read More House Beautiful https://www.housebeautiful.com/design-inspiration/a43644856/experts-kitchen-islands/

Walt Disney World Expands Affordable and Attainable Housing Project

Walt Disney World Expands Affordable and Attainable Housing Project Disney has this evening shared that groundbreaking on its Affordable and Attainable Housing development is targeted for next year, with the first units anticipated to be completed in 2026. Read More WDW Magic https://www.wdwmagic.com/other/walt-disney-company/news/19apr2023-walt-disney-world-expands-its-affordable-and-attainable-housing-project-and-announces-planned-completion-date.htm

Priced at $1.5M, Trilith Project ‘Tower Home’ Reaches for Stars

Priced at $1.5M, Trilith Project ‘Tower Home’ Reaches for Stars Eco-focused, four-story dwelling part of new Town at Trilith section called The Aurora Collection Read More Urbanize Atlanta https://atlanta.urbanize.city/post/trilith-town-studios-tower-home-listed-million-images

HUD Takes Action to Highlight and Research Land Use and Zoning Reforms

HUD Takes Action to Highlight and Research Land Use and Zoning Reforms The U.S. Department of Housing and Urban Development (HUD) released a new publication that summarizes the effects of restrictive land use policies on housing supply, location and affordability… Read More U.S. Department of Housing and Urban Development https://www.hud.gov/press/press_releases_media_advisories/hud_no_23_072

Senior Living Operator Harmony Homes Forges Ahead With Workforce Housing Cottage Concept

Senior Living Operator Harmony Homes Forges Ahead With Workforce Housing Cottage Concept A small senior living operator and developer in New Hampshire is creating a new affordable and workforce housing development meant to help house the company’s employees. Read More Senior Housing News https://seniorhousingnews.com/2023/04/03/senior-living-operator-harmony-homes-forges-ahead-with-new-workforce-housing-cottage-concept/

Use of Residential Energy Tax Credits Increases

Use of Residential Energy Tax Credits Increases Including carryforwards from 2019, 2.4 million taxpayers claimed at least one residential energy credit for tax year 2020 (the most recent data available). This represents a 16.2% increase over 2019… Read More Eye On Housing https://eyeonhousing.org/2023/03/use-of-residential-energy-tax-credits-increases/?_ga=2.192937260.72780378.1680538066-130720019.1679330379