Some Positive New Home Sales News Heading into 2023: Increased FHA and GSE Loan Limits Higher FHA and GSE (Fannie/Freddie) loan limits will help builders target additional buyers and combat affordability concerns Read More John Burns Real Estate Consulting https://www.realestateconsulting.com/some-positive-new-home-sales-news-heading-into-2023-increased-fha-and-gse-loan-limits/
Read MoreAuthor: BrianAnthony
Milwaukie Becomes Second-Largest Oregon City to Ban Natural Gas in New Construction
Milwaukie Becomes Second-Largest Oregon City to Ban Natural Gas in New Construction Two resolutions were approved earlier this month: one banning natural gas hookups in new construction and the other calling for natural gas to be removed from existing city-owned buildings through retrofit. Read More KEZI 9 News https://www.kezi.com/news/milwaukie-becomes-second-largest-oregon-city-to-ban-natural-gas-in-new-construction/article_f2c281be-7e56-11ed-ac8e-d711f7abddef.html
Read More12/20/2022 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY December builder confidence slips another 2 points to 31 Builder confidence in the market for newly built single-family homes posted its 12th straight monthly decline in December, dropping two points to 31. This is the lowest confidence reading since mid-2012, with the exception of the onset of the pandemic in the spring of 2020. The HMI index gauging current sales conditions fell three points to 36 and traffic of prospective buyers held steady at 20. The component charting sales expectations in the next…
Read MoreSan Antonio Approves First Batch of Affordable Housing Bond Funding
San Antonio Approves First Batch of Affordable Housing Bond Funding The $44 million, which includes some money from federal housing programs, will fund 14 projects across the city that will build or rehabilitate an estimated 2,532 housing units over the next five years. Read More San Antonio Report https://sanantonioreport.org/council-approves-44-million-transformational-housing-bond-funding/
Read MoreBuilding for Resiliency
Building resilience into a project can provide tangible benefits and protection, which is a fundamental cost to actually… https://greenhomebuildermag.com/building-for-resiliency/
Read MoreBuilding for Resiliency
Building for Resiliency Building resilience into a project can provide tangible benefits and protection, which is a fundamental cost to actually realize the business case for resilience… Read More Urban Land Institute https://urbanland.uli.org/public/hurricane-ian-showed-the-importance-of-building-for-resiliency-in-south-florida/
Read MorePorsche Brooklyn Opens in the Heart of the City
Porsche Brooklyn Opens in the Heart of the City In alignment with Porsche’s ambition to be net carbon neutral in 2030, Porsche Brooklyn is aiming to achieve LEED certification for sustainable interior design. Read More GlobeNewswire https://www.globenewswire.com/news-release/2022/12/08/2570096/0/en/porsche-brooklyn-opens-in-the-heart-of-the-city.html
Read MoreRate Buydowns Help Buyers Purchase New Homes
Rate Buydowns Help Buyers Purchase New Homes Incentives have become a necessity in today’s new home sales environment and are helping preserve builders’ backlogs Read More John Burns Real Estate Consulting https://www.realestateconsulting.com/the-light-rate-buydowns-help-buyers-purchase-new-homes/
Read MoreHome Investment Returning to ‘Normal’ Patterns
Home Investment Returning to ‘Normal’ Patterns 2022 has marked “a return to more normal home spending patterns,” with an increase in spending from 2019 and 2020 and a decline from 2021 – which was likely “an outlier” that spurred unusually high demand Read More Kitchen and Bath Design News https://www.kitchenbathdesign.com/home-investment-returning-to-normal-patterns-angi-finds/
Read More12/13/2022 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY Inflation tracker Producer Price Index up 0.3 percent in November and 7.4 percent year-on-year The Producer Price Index for final demand advanced 0.3 percent in November, seasonally adjusted, the same as the previous two months, and was up 7.4 percent year-on-year. Most of the increase in the index for final demand in November was attributable to a 0.4-percent advance in prices for final demand services. The index for final demand goods inched up 0.1 percent. Prices for final demand less foods, energy, and…
Read More