6/9/2022 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY April consumer credit use up by 10.1 percent, and 19.6 percent for revolving credit In April, consumer credit increased at a seasonally adjusted annual rate of 10.1 percent. Revolving credit (such as credit cards) increased at an annual rate of 19.6 percent, while nonrevolving credit (such as car loans and college tuition) increased at an annual rate of 7.1 percent. https://www.federalreserve.gov/Releases/g19/current/ Purchase loan applications dip 7 percent from previous week, down 21 percent year-on-year The Market Composite Index for mortgage applications decreased 6.5 percent…

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‘A Path Forward’: New Lockport Community Built to Withstand Hurricanes

‘A Path Forward’: New Lockport Community Built to Withstand Hurricanes State and local officials marked the start of hurricane season Wednesday in Lockport by celebrating a new affordable housing community designed to withstand strong storms. Read More Houma Today https://www.houmatoday.com/story/news/2022/06/07/a-path-forward-new-lockport-community-built-withstand-hurricanes/7472532001/

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Solar-Biomass Hybrid System Satisfies Home Heating Requirements in Winter

Solar-Biomass Hybrid System Satisfies Home Heating Requirements in Winter Adding an organic matter power source to a solar energy unit could provide 100% heating for a single-story home during the coldest months of the year and help the environment. In the warmer months… Read More Renewable Energy https://www.renewableenergymagazine.com/biomass/solarbiomass-hybrid-system-satisfies-home-heating-requirements-20220601

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Ithaca’s Plan to Electrify 6,000 Buildings and Grow a Regional Green Workforce

Ithaca’s Plan to Electrify 6,000 Buildings and Grow a Regional Green Workforce Achieving the 2030 goal will require grid decarbonization, electrifying transportation and rolling out heat pumps to the city’s 6,000 aging commercial and residential buildings. Read More Utility Dive https://www.utilitydive.com/news/inside-ithacas-plan-to-electrify-6000-buildings-and-grow-a-regional-green/623126/

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