Labor Market Strength Continues as 2023 Started on a Stronger Footing than Expected Nonfarm payroll employment increased by 311,000 in February, a slowdown from January but still well above historical norms. Read More Fannie Mae https://www.fanniemae.com/research-and-insights/forecast/labor-market-strength-continues-additional-data-suggests-2023-started-stronger-footing-previously
Read MoreMonth: March 2023
03/14/2023 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY FDIC, Fed and Treasury Department agree to backstop all deposits at failed banks Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer. We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority. All depositors of this institution will be made whole. As with the resolution of Silicon Valley…
Read MoreWomen Play a Key Role in Building Construction Career Pathways
Women Play a Key Role in Building Construction Career Pathways Women contribute significantly to the residential construction industry and dedicate time to inspire the next generation of home builders. Read More NAHB https://www.nahb.org/blog/2023/03/women–build-construction-career-pathways
Read MoreHousing Receives Temporary Bump from Lower Rates in January
Housing Receives Temporary Bump from Lower Rates in January The gain in the pending home sales index suggests there will be a corresponding increase in existing sales in February and perhaps some in March. Read More Fannie Mae https://www.fanniemae.com/research-and-insights/forecast/services-activity-continues-outperform-manufacturing-housing-receives-temporary-bump-lower-rates
Read More3/10/2023 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY December job openings fall 3.6 percent to 10.8 million versus 5.1 million unemployed The number of job openings fell 3.6% from December to 10.8 million, while hires rose 1.9% to 6.4 million. Quits fell 5.1% to 3.9 million, although the ratio of quits to open jobs remained at 36%. While the number of open jobs vs. officially unemployed fell 6.9% to 5.1 million, the ratio of jobs/unemployed person fell by half (3.2%) to 1.9. https://www.bls.gov/news.release/jolts.nr0.htm Private sector employment rises by 242,000 in…
Read MoreTiny Homes Grow More Popular in Real Estate Market
Tiny Homes Grow More Popular in Real Estate Market Tiny homes have presented an interesting topic for many years now. They certainly haven’t become normal for most people and most neighborhoods. Could this change? Read More Mint Hill Times https://www.minthilltimes.com/columns/lets-get-moving-with-anna/will-the-real-estate-market-be-taken-over-by-tiny-homes/
Read MoreHydAway Hydraulic Walls Wins Best Outdoor Product
HydAway Hydraulic Walls Wins Best Outdoor Product HydAway Hydraulic Walls offer a unique, attractive and affordable way to customize outdoor settings. Read More NAHB International Builders’ Show https://blog.buildersshow.com/2023/03/hydaway-hydraulic-walls-wins-best-outdoor-product/
Read MoreToll Brothers Announces Model Grand Opening in Harvest Master-Planned Community
Toll Brothers Announces Model Grand Opening in Harvest Master-Planned Community Toll Brothers, Inc. announced the highly anticipated grand opening of its model home at Toll Brothers at Harvest – Elite Collection, a neighborhood of luxury, single-family homes. Read More InvestorsObserver https://www.investorsobserver.com/news/qm-pr/5311737787522571
Read MoreIndustry Panel: Expect Fewer Amenities in New Residential Developments
Industry Panel: Expect Fewer Amenities in New Residential Developments Industry insiders discuss the residential market and how, with rising costs and a diminished appetite for debt, developers are likely to cut down on extras. Read More Business Observer https://www.businessobserverfl.com/news/2023/mar/06/expect-fewer-amenities-in-new-residential-developments/
Read MoreNew Affordable Multifamily Housing Project Gets Green Light
New Affordable Multifamily Housing Project Gets Green Light The project is being developed by Dallas-based developer Palladium USA and will offer 172 multifamily units all priced for applicants that make 60% or less of the area’s median income. Read More Community Impact https://communityimpact.com/dallas-fort-worth/mckinney/development/2023/03/08/new-affordable-multifamily-housing-project-gets-green-light-from-mckinney-officials/
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