Climate-Friendly Wood Apartment Buildings Face Regulations, Supply-Chain Issues

Climate-Friendly Wood Apartment Buildings Face Regulations, Supply-Chain Issues Constructing buildings out of wood is a solution to climate change, since trees can be replanted, while the production of concrete generates pollution, some environmentalists say. Read More Crain’s New York Business https://www.crainsnewyork.com/residential-real-estate/climate-friendly-wood-apartment-buildings-nyc-face-regulations-supply-chain

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Senate Energy Deal Could Be a Climate Breakthrough

Senate Energy Deal Could Be a Climate Breakthrough Whereas the current credit provides $2,000 for new homes meeting an outdated version of the IECC, the updated credit in the new bill would offer $2,500 for homes meeting Energy Star standards and $5,000 for homes meeting zero energy–ready criteria. Read More USGBC https://www.usgbc.org/articles/senate-energy-deal-could-be-climate-breakthrough

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What the Treasury is Doing to Address the Housing Shortage

What the Treasury is Doing to Address the Housing Shortage The ARP funding will facilitate significant additional financing for affordable housing projects, including those that would be eligible for additional assistance under Treasury’s Low Income Housing Credit. Read More The Hill https://thehill.com/policy/3577161-what-the-treasury-is-doing-to-address-the-housing-shortage/

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8/2/2022 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY June personal spending rises at more than twice the rate of personal income Personal income increased 0.6 percent in June, disposable personal income (DPI) rose 0.7 percent and personal consumption expenditures (PCE) increased 1.1 percent, leading to a further decline in the personal savings rate to 5.1 percent. https://www.bea.gov/news/2022/personal-income-and-outlays-june-2022   Inflation tracker PCE price index up 1.0 percent in June and 6.8 percent year-on-year The inflation tracker PCE price index for June increased 1.0 percent, with prices for goods up 1.5 percent and prices…

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7/29/2022 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY 2Q2022 GDP declines 0.9 percent in initial estimate Real gross domestic product (GDP) decreased at an annual rate of 0.9 percent in the second quarter of 2022 according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 1.6 percent. The decrease in real GDP reflected decreases in private inventory investment, residential fixed investment, federal government spending, state and local government spending, and nonresidential fixed investment that were partly offset by increases in exports and personal…

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