Absorption of New Multifamily Units Rises as Completions Near 100K in Second Quarter of 2023

Absorption of New Multifamily Units Rises as Completions Near 100K in Second Quarter of 2023 The most recent release of the Census Bureaus’ Survey of Market Absorption of New Multifamily Units reported that of the 99,290 unfurnished, unsubsidized apartments completed… Read More Eye On Housing https://eyeonhousing.org/2023/11/absorption-of-new-multifamily-units-rises-as-completions-near-100k-in-second-quarter-of-2023/

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Builders Make SunPower Solar a Standard Feature for New Homes

Builders Make SunPower Solar a Standard Feature for New Homes SunPower announced it signed deals with four new home builders for solar standard communities across the country, signaling a rising prioritization of more sustainable, reliable, and affordable energy in new home… Read More PZBUZZ https://pvbuzz.com/builders-make-sunpower-solar-a-standard-feature-for-new-homes/

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KB Home Announces the Grand Opening of Two New Communities in the Desirable Southtown Master Plan in Vacaville, California

KB Home Announces the Grand Opening of Two New Communities in the Desirable Southtown Master Plan in Vacaville, California KB Home announced the grand opening of Sagebrush and Sweetbay at Magnolia Park, two new communities in the desirable Southtown master plan in Vacaville, California. The new homes… Read More Joplin Globe https://www.joplinglobe.com/region/national_business/kb-home-announces-the-grand-opening-of-two-new-communities-in-the-desirable-southtown-master/article_a4343283-2589-5e5f-b192-630402bfd9c9.html

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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).…

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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/

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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

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