SD Housing Commission, National CORE Break Ground on Supportive Senior Housing Nestor Senior Village will be an all-electric community, anticipated to achieve LEED for Homes certification at the Gold level or higher. Read More Times of San Diego https://timesofsandiego.com/life/2022/07/25/nestor-neighborhood-to-break-ground-on-supporting-senior-housing-monday/
Read MoreAuthor: BrianAnthony
Governor Hochul Announces Completion of $64M Affordable Housing Development in White Plains
Governor Hochul Announces Completion of $64M Affordable Housing Development in White Plains The building was designed to achieve Enterprise Green Communities designation for energy-efficiency and healthy environments and the New York State Energy Research and Development Authority’s… Read More Governor Hochul https://www.governor.ny.gov/news/governor-hochul-announces-completion-64-million-affordable-housing-development-white-plains
Read MoreM/I Homes introduces Halston Market townhome community in Des Plaines
M/I Homes introduces Halston Market townhome community in Des Plaines All homes are also WHOLE HOME Certified. Upon testing, an M/I home will receive a more favorable HERS (Home Energy Rating System) score than an Energy Star-certified home Read More Chicago Daily Herald https://www.dailyherald.com/business/20220725/coming-soon-mi-homes-introduces-halston-market-townhome-community-in-des-plaines
Read MoreHousing Demand Flattens as 1st-Time Buyers Retreat
Housing Demand Flattens as 1st-Time Buyers Retreat The share of adults planning a home purchase within a year stood at 13% in the second quarter of 2022, unchanged from the previous quarter, but lower than a year earlier (17%). Read More Eye On Housing https://eyeonhousing.org/2022/07/housing-demand-flattens-as-1st-time-buyers-retreat/
Read MoreU.S. Mortgage Rates Rise for a Second Consecutive Week
U.S. Mortgage Rates Rise for a Second Consecutive Week This week, mortgage rates are in the hands of the FED. There is a high degree of uncertainty, with rate hike bets ranging from 50 to 100-basis points. Read More FX Empire https://www.fxempire.com/news/article/us-mortgage-rates-rise-for-a-second-consecutive-week-1073685
Read MoreSolving the Housing Crisis Means Building when No One is Buying
Solving the Housing Crisis Means Building when No One is Buying Right now, builders have too many homes and not enough people to sell them to. In the long term, the United States has the opposite problem: Not enough houses for all the people who want them. Read More The New York Times https://www.nytimes.com/2022/07/23/business/housing-market-crisis-supply.html
Read More7/26/2022 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY July U.S. economic index slumps to 47.5, the sharpest monthly decline since May 2020 The headline Flash US PMI Composite Output Index registered 47.5 in July, down notably from 52.3 in June to signal a solid contraction in private sector output. The rate of decline was the sharpest since the initial stages of the pandemic in May 2020, as both manufacturers and service providers reported subdued demand conditions. https://www.pmi.spglobal.com/Public/Home/PressRelease/52db97a5557c433d855b74a46c5ecff6 Time to build a single-family home 12 days longer in 2021 due to supply…
Read MoreConstruction Breaks Ground on Affordable Senior Housing Project in Bronx’s Mount Hope
Construction Breaks Ground on Affordable Senior Housing Project in Bronx’s Mount Hope The project will debut as Mount Hope Walton Apartments and will eventually comprise 103 income-restricted apartments and a 9,500-square-foot community gymnasium. Read More New York Yimby https://newyorkyimby.com/2022/07/construction-breaks-ground-at-1761-walton-avenue-affordable-senior-housing-project-in-bronxs-mount-hope.html
Read MoreVolatile Lumber Prices Add More Than $14,000 to Home Prices
Volatile Lumber Prices Add More Than $14,000 to Home Prices According to NAHB’s recent study on regulatory costs, for items used during the construction process, the final home price will increase by 14.94% above the builder’s cost. Read More NAHB https://www.nahb.org/blog/2022/07/volatile-lumber-prices-add-more-than-14000-to-home-prices
Read MoreThe US Housing Market Just Entered an Awkward Phase
The US Housing Market Just Entered an Awkward Phase Sales are likely to keep falling as buyers get priced out by mortgage rates, which are influenced by the Federal Reserve’s key interest rate policies. Read More WVTM 13 https://www.wvtm13.com/article/the-us-housing-market-just-entered-awkward-ph
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