Home Sales Are Down and Inventory Is Up Nationally, inventory of unsold existing homes increased to 1.31 million in July, which is the equivalent of 3.3 months of inventory at the current pace. Read More Candy’s Dirt https://candysdirt.com/2022/08/21/is-it-a-buyers-market-home-sales-are-down-and-inventory-is-up-but-interest-rates-arent-helping/
Read MoreAuthor: BrianAnthony
Shortage of Labor and Materials Complicates Construction of Affordable Homes
Shortage of Labor and Materials Complicates Construction of Affordable Homes To meet the growing demand for labor, the construction industry will need to hire nearly 650,000 additional workers on top of the normal pace of hiring in 2022… Read More The Brunswick News https://thebrunswicknews.com/news/local_news/shortage-of-labor-and-materials-complicates-construction-of-affordable-homes/article_b9847cb2-1fca-51b1-bfd5-aac62fd66407.html
Read More08-23-2022 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY Jump for multifamily rental development in 2Q2022 The count of multifamily, for-rent housing starts surged during the second quarter of 2022. At 142,000 units started, this was the largest quarter for rental multifamily construction since the second quarter of 1986. The market share of rental units of multifamily construction starts bounced back to 96%. In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom. An average share of 80% was registered during the…
Read MoreThe Hazel Stamford Launches Leasing At 44 John Street In Stamford, Connecticut
The Hazel Stamford Launches Leasing At 44 John Street In Stamford, Connecticut Designed by Newman Architects, the seven-story building features a landscaped roof terrace with barbecues and a covered dining area and a rooftop pool and surrounding deck with ample seating. Read More New York Yimby https://newyorkyimby.com/2022/08/the-hazel-stamford-launches-leasing-at-44-john-street-in-stamford-connecticut.html
Read MoreMultifamily Community The Landing at Fiesta Village
Multifamily Community The Landing at Fiesta Village The Landing offers one-, two- and three-bedroom apartments, ranging from 726 to 1,248 square feet. Providing a lifestyle that Mesa residents desire, each unit features unparalleled features… Read More Yahoo! https://finance.yahoo.com/news/multifamily-community-landing-fiesta-village-120000937.html
Read More8/19/2022 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY July existing home sales fall for sixth consecutive month to annual rate of 4.81 million July existing-home sales fell for the sixth consecutive month to a seasonally adjusted annual rate of 4.81 million. Sales were down 5.9% from June and 20.2% from one year ago. The median existing-home sales price climbed 10.8% from one year ago to $403,800. That’s down $10,000, however, from last month’s record high of $413,800. The inventory of unsold existing homes rose to 1.31 million by the end of July,…
Read MoreHousing Market Becomes ‘Major Headwind’ for U.S. Economy
Housing Market Becomes ‘Major Headwind’ for U.S. Economy Housing market is likely to ‘subtract from real GDP growth next year’, experts say Read More Fox Business https://www.foxbusiness.com/economy/housing-market-becomes-major-headwind-us-economy
Read MoreConstruction Labor Market Cools in June
Construction Labor Market Cools in June The construction labor market is cooling off as economic activity slows in response to tighter monetary policy, according to the latest job openings data from the Bureau of Labor Statistics. Read More NAHB https://www.nahb.org/blog/2022/08/construction-labor-market-cools-in-june
Read MoreJune Job Openings and Monetary Policy Considerations
June Job Openings and Monetary Policy Considerations The construction labor market is cooling off as economic activity slows in response to tighter monetary policy per the latest job openings data. Read More Eye On Housing https://eyeonhousing.org/2022/08/june-job-openings-and-monetary-policy-considerations/
Read MoreBuilders Rethink Future Plans
Builders Rethink Future Plans With fewer new homes coming to the market throughout this year and next, affordability will continue to plague the housing market as low inventory will keep prices from falling substantially… Read More Zillow https://www.zillow.com/research/july-housing-starts-31340/
Read More