6/23/2022 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Existing home sales fall 3.4 percent in May and 8.6 percent year-on-year Existing-home sales declined for the fourth straight month in May to a seasonally adjusted annual rate of 5.41 million. Sales were down 3.4% from April and 8.6% from one year ago. At $407,600, the median existing-home sales price exceeded $400,000 for the first time and represents a 14.8% increase from one year ago. The inventory of unsold existing homes rose to 1.16 million by the end of May, or the equivalent of…

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Labor Department Seeking Public Input on Independent Contractor Status Rulemaking

Labor Department Seeking Public Input on Independent Contractor Status Rulemaking The U.S. Department of Labor announced plans to engage in a rulemaking related to determining the status of a worker as either an employee or independent contractor under the Fair Labor Standards Act. Read More NAHB https://www.nahb.org/blog/2022/06/labor-department-seeking-public-input-independent-contractor-status

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Associated Designs – Brookville a Bright, Open Country Cottage House Plan

Associated Designs – Brookville a Bright, Open Country Cottage House Plan Shake and lap siding combine with cultured stone veneer to make the Brookville a textural treat for the eyes.  This country cottage is designed for a lot that slopes down at the rear. Read More PrunderGround https://www.prunderground.com/associated-designs-brookville-a-bright-open-country-cottage-house-plan/00267911/

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LGI Homes Introduces New Lineup of Single-Family Homes at Popular San Antonio Community, Luckey Ranch

LGI Homes Introduces New Lineup of Single-Family Homes at Popular San Antonio Community, Luckey Ranch This new collection of homes at Luckey Ranch range in size from 1,356 square feet with three bedrooms and two-and-a-half bathrooms, to just over 2,100 square feet with four bedrooms… Read More Guru Focus https://www.gurufocus.com/news/1771981/lgi-homes-introduces-new-lineup-of-singlefamily-homes-at-popular-san-antonio-community-luckey-ranch

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Houston’s Newest Lagoon Community Makes a Splash With Massive Beach and Crystal-Blue Water

Houston’s Newest Lagoon Community Makes a Splash With Massive Beach and Crystal-Blue Water The $2 billion Saint Tropez project boasts more than 1,000 acres on a site located at Grand Parkway and Huffman Cleveland Road. Read More Houston Culture Map https://houston.culturemap.com/news/real-estate/06-20-22-lagoon-houston-saint-tropez-megatel-homes-grand-parkway-huffman-cleveland-road/

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Fire Victims Granted $10,000 to Build High-Efficiency Electric Homes

Fire Victims Granted $10,000 to Build High-Efficiency Electric Homes The grant’s requirements include using heat pumps for space heating, heat pump water heaters and electric stoves. Read More The Gazette https://gazette.com/wildfires/marshall-and-east-troublesome-fire-victims-offered-10-000-to-build-disaster-resistant-homes/article_c06319ae-ef4f-11ec-905a-833b5558a930.html

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