8/18/2022 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Builder confidence slips 6 points to 49, lowest level since May 2020 Builder confidence in the market for newly built single-family homes fell six points in August to 49, marking the first time since May 2020 that the index fell below the key break-even measure of 50.  All three HMI components posted declines in August and each fell to their lowest level since May 2020.  Current sales conditions dropped seven points to 57, sales expectations in the next six months declined two points to…

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Ann Arbor Neighborhood to be 100% ‘Net-Zero,’ Run on Solar Power and Geothermal Energy

Ann Arbor Neighborhood to be 100% ‘Net-Zero,’ Run on Solar Power and Geothermal Energy Every residence being built in the Veridian at County Farm ecovillage will be powered by solar panels instead of oil and gas. Read More Fox 2 Detroit https://www.fox2detroit.com/news/ann-arbor-neighborhood-to-be-100-net-zero-run-on-solar-power-and-geothermal-energy

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Architects Celebrate Climate Action and Community Investment in the Inflation Reduction Act

Architects Celebrate Climate Action and Community Investment in the Inflation Reduction Act The Inflation Reduction Act includes about $370 billion in energy and climate-related spending, making it the largest federal investment to combat climate change in history. Read More The American Institute of Architects https://www.aia.org/press-releases/6534285-architects-celebrate-climate-action-and-co

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New Sustainable Community in Utah With Luxury Mountain Homes

New Sustainable Community in Utah With Luxury Mountain Homes Benloch Ranch, a new “sustainable community” in Utah, has homes starting at $1.4 million. Read More Business Insider https://www.businessinsider.com/photos-new-sustainable-community-in-utah-with-luxury-mountain-homes-2022-8#realtorcom-ranked-salt-lake-city-this-may-as-the-1-housing-market-positioned-for-growth-in-2022-followed-by-boise-city-idaho-and-spokane-washington-1

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Builder Confidence Underwater After Falling for Eighth Consecutive Month

Builder Confidence Underwater After Falling for Eighth Consecutive Month Builder confidence in the market for newly built single-family homes fell six points in August to 49, marking the first time since May 2020 that the index fell below the key break-even measure of 5o. Read More NAHB https://www.nahb.org/news-and-economics/press-releases/2022/08/builder-confidence-underwater-after-falling-for-eighth-consecutive-month

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