Home Sales Respond to Interest Rates October sales of newly built, single-family homes registered at a 632,000 seasonally adjusted annual pace, which is a 7.5% monthly increase Read More NAHB https://www.nahb.org/blog/2022/12/home-sales-respond-to-interest-rates
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Average Long-Term U.S. Mortgage Rates Dip for Third Week in a Row
Average Long-Term U.S. Mortgage Rates Dip for Third Week in a Row The average long-term U.S. mortgage rate ticked down for the third week in a row and has fallen more than a half-point since hitting a 20-year high less than a month ago. Read More News Tribune https://www.newstribune.com/news/2022/dec/02/average-long-term-us-mortgage-rates-dip-for-third/
Read More12/6/2022 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY U.S. economy added another 263,000 jobs in November, unemployment rate flat at 3.7 percent Total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7 percent. Notable job gains occurred in leisure and hospitality, health care, and government. Employment declined in retail trade and in transportation and warehousing. Both the labor force participation rate, at 62.1 percent, and the employment-population ratio, at 59.9 percent, were little changed in November and have shown little net change since early this…
Read MoreCentury Communities Announces New Homes in Fernandina Beach, FL
Century Communities Announces New Homes in Fernandina Beach, FL The anticipated new community offers a versatile mix of single-family and townhome floor plans from the $300s, boasting exceptional included features like the builder’s Century Home Connect® smart home package. Read More Century Communities https://investors.centurycommunities.com/news-and-events/news-releases/news-release-details/2022/Century-Communities-Announces-New-Homes-in-Fernandina-Beach-FL/default.aspx
Read MoreRichmond American Adds New Neighborhood to Popular Fontana Masterplan
Richmond American Adds New Neighborhood to Popular Fontana Masterplan Cascade at Highland Park offers an inspired array of two-story floor plans with the designer details today’s homebuyers are seeking. Read More Richmond American https://ir.richmondamerican.com/2022-11-30-Richmond-American-Adds-New-Neighborhood-to-Popular-Fontana-Masterplan#assets_all
Read MoreKB Home Announces the Grand Opening of Merryfield Estates, a New-Home Community in Kent, Washington
KB Home Announces the Grand Opening of Merryfield Estates, a New-Home Community in Kent, Washington Homebuilder offers personalized, new homes in a prime Seattle-area location, priced from the $630,000s Read More KB Home https://news.kbhome.com/press-releases/news-details/2022/KB-Home-Announces-the-Grand-Opening-of-Merryfield-Estates-a-New-Home-Community-in-Kent-Washington/default.aspx
Read MoreU.S. Housing Market Moves Closer to Favoring Buyers; Sellers’ Markets Show No Sign of Slowing Down
U.S. Housing Market Moves Closer to Favoring Buyers; Sellers’ Markets Show No Sign of Slowing Down The shift toward buyer-favorability is occurring in neutral and more-buyer friendly markets, while the hottest sellers’ markets are cooling at a slow pace, remaining firmly in seller territory. Read More PR Newswire https://www.prnewswire.com/news-releases/us-housing-market-moves-closer-to-favoring-buyers-sellers-markets-show-no-sign-of-slowing-down-301690147.html
Read MoreBuild-to-Rent Market Surging Amid Growing Purchase Turmoil
Build-to-Rent Market Surging Amid Growing Purchase Turmoil The BTR market is not new, born of another past housing crisis. But flashing forward to today with inflation and the Fed’s raising of rates in its attempts to tame it, BTR appears to be making a comeback. Read More Mortgage Professional America https://www.mpamag.com/us/specialty/commercial/build-to-rent-market-surging-amid-growing-purchase-turmoil/429102
Read More12/2/22 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY Construction spending slips 0.3 percent in October but up 9.2 percent year-on-year Construction spending during October 2022 was estimated at a seasonally adjusted annual rate of $1,794.9 billion, 0.3 percent below the revised September estimate of $1,800.1 billion. The October figure is 9.2 percent above the October 2021 estimate of $1,644.3 billion. During the first ten months of this year, construction spending amounted to $1,507.8 billion, 10.8 percent above the $1,360.8 billion for the same period in 2021. https://www.census.gov/construction/c30/current/index.html Consumers continued to spend…
Read MoreGarbett Homes Constructs Passive House in Luxurious Park City Community
Garbett Homes Constructs Passive House in Luxurious Park City Community Earning a HERS (Home Energy Rating) score of 34, this Eclipse community Passive House is one of the most energy efficient homes ever constructed in the State of Utah. Read More Cision https://www.prnewswire.com/news-releases/garbett-homes-constructs-passive-house-in-luxurious-park-city-community-301686155.html
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