7/1/2022 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY   May personal income rises 0.5 percent vs. 0.2 percent rise in spending In May, both personal income and disposable personal income increased 0.5 percent in May, and consumption expenditures (PCE) increased 0.2 percent, leading to a slight increase in the personal savings rate to 5.4 percent. https://www.bea.gov/news/2022/personal-income-and-outlays-may-2022   Inflation tracker PCE Price Index up 0.6 percent in May and 6.3 percent year-on-year The PCE Price Index rose 0.6 percent in May vs. 0.2 percent in April, and was up 6.3 percent year-on-year, the…

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Governor Hochul Announces Completion of $13 Million Affordable Housing Development in Rochester’s El Camino Neighborhood

Governor Hochul Announces Completion of $13 Million Affordable Housing Development in Rochester’s El Camino Neighborhood Completion of Two-Phase Pueblo Nuevo Development Creates 104 Affordable, Energy-Efficient Homes, 10,000 Square-Foot Community Center, On-Site Services Read More Governor Kathy Hochul https://www.governor.ny.gov/news/governor-hochul-announces-completion-13-million-affordable-housing-development-rochesters-el

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Neal Communities Unveils Another Neighborhood in Wellen Park

Neal Communities Unveils Another Neighborhood in Wellen Park Neal Communities held a virtual grand opening June 23 for Wysteria, a neighborhood of 153 single-family and paired villa homes with a private amenity center, in Wellen Park’s Playmore District. Read More Herald-Tribune https://www.heraldtribune.com/story/business/2022/06/30/neal-communities-opens-wysteria-wellen-park/7739660001/

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New South Minneapolis Apartment Building Will Showcase Green Technology

New South Minneapolis Apartment Building Will Showcase Green Technology The 12-unit apartment building will showcase green building techniques such as using all electric energy and sustainable-living elements such as gardens and fruit trees. Read More Sahan Journal https://sahanjournal.com/climate/new-sustainable-minneapolis-apartment-complex-green-building-techniques/

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