5/23/2023 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY E-commerce’s share of overall retail sales rebounds to 15.1 percent in 1Q2023 E-commerce sales rose 3.0% from the previous quarter vs. 0.9% for all retail sales and rose 7.8% year-on-year vs. 3.4% for all retail sales. As a share of overall retail sales, online sales captured 15.1% in 1Q2023, up from 14.8% the previous quarter and 14.5% in 1Q2022.  Whereas the pre-pandemic share had been gradually rising at the rate of about one percentage point per year, that spiked up from 11.1% in 2Q2019…

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NAHB Debuts New Index for Multifamily Activity

NAHB Debuts New Index for Multifamily Activity NAHB redesigned its Multifamily Market Survey in the first quarter of 2023 to make it easier to interpret and more similar to the NAHB/Wells Fargo Housing Market Index for single-family housing. Read More National Association of Home Builders https://www.nahb.org/news-and-economics/press-releases/2023/05/nahb-debuts-new-index-for-multifamily-activity

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05/19/2023 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Existing home sales fall 23.3 percent year-on-year as median sales price slips 1.7 percent Existing-home sales receded 3.4% in April to a seasonally adjusted annual rate of 4.28 million. Sales fell 23.2% from one year ago. The median existing-home sales price slipped 1.7% from one year ago to $388,800. The inventory of unsold existing homes increased 7.2% from the previous month to 1.04 million at the end of April, or the equivalent of 2.9 months’ supply at the current monthly sales pace. https://www.nar.realtor/newsroom/existing-home-sales-faded-3-4-in-april  …

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Beechwood Carolinas Opens Sales Gallery for First Release of New Homes At Flagship Charlotte Community

Beechwood Carolinas Opens Sales Gallery for First Release of New Homes At Flagship Charlotte Community Lakeside Pointe will ultimately offer a range of Inland, Waterview and Waterfront homes; a 5,000-square-foot private clubhouse and private boat slips for residents; 68,000 square feet of retail… Read More Businesswire https://www.businesswire.com/news/home/20230509005281/en/Beechwood-Carolinas-Opens-Sales-Gallery-for-First-Release-of-New-Homes-At-Flagship-Charlotte-Community-Lakeside-Pointe-on-Lake-Norman

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White House Convenes on Advancing Clean Buildings

White House Convenes on Advancing Clean Buildings The White House convened 24 Governors’ offices to discuss how the Biden-Harris Administration can amplify states’ efforts to lead on commercial and residential building decarbonization policies that lower… Read More The White House https://www.whitehouse.gov/briefing-room/statements-releases/2023/05/05/readout-of-white-house-convening-on-advancing-clean-buildings/

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