Author: BrianAnthony

Lumber Prices Hover Near Recent Lows as New Home Construction Sinks and Mortgage Rates Jump to Highest Since 2008 Housing starts dropped 14.4% in May from the prior month to a 1.55 million annualized rate, the lowest in more than a year. Read More Business Insider https://markets.businessinsider.com/news/commodities/lumber-prices-mortgage-rates-applications-housing-starts-fed-rate-hikes-2022-6

Why This Housing Downturn is Nothing Like the Last One America’s housing market is in far better health today. That’s thanks, in part, to new lending regulations that resulted from that meltdown. Read More CNBC https://www.cnbc.com/2022/06/20/heres-why-this-housing-downturn-is-nothing-like-the-last-one.html

MetroIntelligence Economic Update by P. DUFFY May Leading Economic index falls another 0.4 percent but still near historic high The Leading Economic Index (LEI) fell 0.4 percent in May 2022 to 118.3 (2016 = 100), following a 0.4 percent decline in April 2022. The LEI is now down 0.4 percent over the six-month period from November 2021 to May 2022. The index is still near a historic high, but the US LEI suggests weaker economic activity is likely in the near term—and tighter monetary policy is poised to dampen economic…

KB Home Announces the Grand Opening of Crestline, a New-Home Community in Spring Valley, California Homebuilder’s community offers personalized, new homes in a prime San Diego County location, priced from the mid $700,000s. Read me https://news.kbhome.com/press-releases/news-details/2022/KB-Home-Announces-the-Grand-Opening-of-Crestline-a-New-Home-Community-in-Spring-Valley-California/default.aspx

Lennar Celebrates the Grand Opening of Navarro Ranch in Seguin, Tx, Northeast of San Antonio Navarro Ranch is designed to meet the need for affordable housing without sacrificing the Lennar tradition of quality, design and technology. Read More Lennar https://newsroom.lennar.com/2022-06-17-LENNAR-CELEBRATES-THE-GRAND-OPENING-OF-NAVARRO-RANCH-IN-SEGUIN,-TX,-NORTHEAST-OF-SAN-ANTONIO  

Governor Hochul Announces Completion of $23 Million Affordable Housing Development in Poughkeepsie Crannell Square Features 75 Mixed-Income Homes in the Heart of Downtown Poughkeepsie Read More Governor Kathy Hochul https://www.governor.ny.gov/news/governor-hochul-announces-completion-23-million-affordable-housing-development-poughkeepsie

Affordable Senior Apartments Open in Southwest Las Vegas Ovation Design & Development, a local multifamily housing developer, held the grand opening of Arioso, a 195-unit affordable rental community for qualified low-income seniors in southwest Las Vegas. Read More Las Vegas Review Journal https://www.reviewjournal.com/homes/advertising-features/affordable-senior-apartments-to-open-2595137/

Deadline Approaching for DOD Funding of County Infrastructure and Economic Development Projects Due in July, the two opportunities are the Defense Community Infrastructure Pilot Program and the Defense Manufacturing Community Support Program. Read More NACo https://www.naco.org/blog/deadline-approaching-dod-funding-county-infrastructure-and-economic-development-projects

Clear sign of a slowing housing market The numbers: U.S. home builder confidence fell for the sixth consecutive month, according to an industry index, reflecting the pessimistic outlook in light of climbing interest and mortgage rates. Read More Morning Star https://www.morningstar.com/news/marketwatch/202206151239/clear-sign-of-a-slowing-housing-market-home-builder-confidence-falls-for-6th-straight-month-in-june