MetroIntelligence Economic Update by P. DUFFY Leading Economic Index falls for the fourth consecutive month The Conference Board Leading Economic Index® (LEI) for the U.S. decreased by 0.8 percent in June 2022 to 117.1 (2016=100), after declining by 0.6 percent in May. The LEI was down by 1.8 percent over the first half of 2022, a reversal from its 3.3 percent growth over the second half of 2021. Consumer pessimism about future business conditions, moderating labor market conditions, falling stock prices, and weaker manufacturing new orders drove the LEI’s decline…
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Single-Family Starts Fall to Two-Year Low on Higher Construction Costs and Interest Rates
Single-Family Starts Fall to Two-Year Low on Higher Construction Costs and Interest Rates For the first time since June 2020, both single-family starts and permits fell below a 1 million annual pace. Read More NAHB https://www.nahb.org/news-and-economics/press-releases/2022/07/single-family-starts-fall-to-two-year-low-on-higher-construction-costs-and-interest-rates
Read MoreLow Housing Inventory Impacts Buyers
Low Housing Inventory Impacts Buyers The number of homes available across the country have been at lower-than-average levels for years now. This low housing inventory means that buyers must act quickly when they do find a home that fits their needs. Read More Quick Loans https://www.quickenloans.com/learn/low-housing-inventory
Read More‘Grim Outlook’ for Housing Market as U.S. Unlikely to Fix Shortage
‘Grim Outlook’ for Housing Market as U.S. Unlikely to Fix Shortage The outlook is “grim” for the housing market as the number of homes being built has dropped and people have canceled contracts for future projects. Read More News Week https://www.newsweek.com/grim-outlook-housing-market-us-unlikely-fix-shortage-expert-1726074
Read More7/21/2022 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY Existing home sales decline another 5.4 percent in May, down 14.2 percent year-on-year Existing-home sales declined for the fifth straight month to a seasonally adjusted annual rate of 5.12 million. Sales were down 5.4% from May and 14.2% from one year ago. The median existing-home sales price climbed 13.4% from one year ago to $416,000, a new record high. The inventory of unsold existing homes rose to 1.26 million by the end of June, or the equivalent of 3.0 months at the current monthly…
Read MoreConversation Pits Are Making a Comeback
Conversation Pits Are Making a Comeback This well-known 1970s design feature feels both very retro and modern, providing a comfortable place to lounge and a complete escape from the distractions of television and cinema. Read More Arch Daily https://www.archdaily.com/985506/conversation-pits-are-making-a-comeback
Read MoreA Closer Look at the Lively Ranch Neighborhood in Georgetown
A Closer Look at the Lively Ranch Neighborhood in Georgetown Homes have beautiful interior and exterior features. Home values range from $445,000-$700,000. Read More Community Impact https://communityimpact.com/austin/georgetown/housing-real-estate/2022/07/19/take-a-closer-look-at-the-lively-ranch-neighborhood-in-georgetown/
Read MoreNew Affordable Housing Community Opens in Gresham
New Affordable Housing Community Opens in Gresham Rockwood Village, located at 783 Southeast 185th Avenue, features new apartments, with the option of one to four bedrooms. Read More Fox 12 https://www.kptv.com/2022/07/19/new-affordable-housing-community-opens-gresham/
Read MoreWood Partners Opens Multifamily Community with Views of Sudbury River in Wayland
Wood Partners Opens Multifamily Community with Views of Sudbury River in Wayland One line — either summarize article premise or copy article deck Read More Connectcre https://www.connectcre.com/stories/wood-partners-opens-multifam-with-views-of-sudbury-river-in-wayland/
Read MoreU.S. Green Building Council Announces Recipients of 2022 LEED Homes Awards
U.S. Green Building Council Announces Recipients of 2022 LEED Homes Awards Annual awards recognize LEED projects, builders and developers committed to sustainable, healthy and resilient homes Read More USGBC https://www.usgbc.org/articles/us-green-building-council-announces-recipients-2022-leed-homes-awards
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