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U.S. housing market to remain a bright spot in a weak economy

U.S. housing market to remain a bright spot in a weak economy According to the newest Reuters poll, property analysts have found that U.S. house prices will keep surging, serving as a bright spot in the economy, which has been affected by the pandemic… Read More Reuters https://www.reuters.com/article/usa-property-poll/poll-us-housing-market-to-remain-a-bright-spot-in-a-weak-economy-idUSL4N2GQ2C1

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More Americans sign contracts to buy homes in August According to the National Association of Realtors, pending sales went up 8.8%, to a record high of 132.8, a positive sign since in April it had reached a low of 69… Read More The Washington Post https://www.washingtonpost.com/business/more-americans-sign-contracts-to-buy-homes-in-august/2020/09/30/42b20aa4-0326-11eb-b92e-029676f9ebec_story.html

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How home design trends are evolving for social distancing

How home design trends are evolving for social distancing More people are prioritizing healthier spaces and outdoor living while also showing an interest in single-family homes over multi-family homes… Read More Salisbury Post https://www.salisburypost.com/2020/09/29/home-improvement-how-home-design-trends-are-evolving-for-social-distancing/

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Developers Celebrate Ribbon Cutting For Affordable Housing At 22 South West In Mount Vernon

Developers Celebrate Ribbon Cutting For Affordable Housing At 22 South West In Mount Vernon MacQuesten Development celebrated the opening of a new mixed-income affordable housing complex in New York that has 189 apartments and 149 sub-grade parking spaces…. Read More Builder and Developer Magazine https://newyorkyimby.com/2020/09/ribbon-cutting-for-affordable-housing-at-22-south-west-in-mount-vernon.html

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Share of Non-Conventional Financing Increased in 2019

Share of Non-Conventional Financing Increased in 2019 NAHB analysis of the 2019 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 35.0% of the market… Read More Eye On Housing http://eyeonhousing.org/2020/09/share-of-non-conventional-financing-increased-in-2019/

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Fourth-quarter housing trends: Expect a competitive market as homebuying season extends into fall

Fourth-quarter housing trends: Expect a competitive market as homebuying season extends into fall Despite a generally bleak national economic picture, the real estate market has remained a relative bright spot during the pandemic… Read More LimaOhio.com https://www.limaohio.com/news/business/428772/fourth-quarter-housing-trends-expect-a-competitive-market-as-homebuying-season-extends-into-fall

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9/29: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY August durable goods orders up 0.4 percent following huge July rebound New orders for manufactured durable goods in August increased 0.4 percent to $232.8 billion. This increase, up four consecutive months, followed an 11.7 percent July increase. New, non-defense orders by businesses for capital goods minus aircraft rose 1.8 percent, exceeding projections and…

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9/24: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY   September U.S. economic index slips slightly, but still in growth mode The IHS Markit Flash U.S. Composite PMI Output Index posted 54.4 in September, down slightly on 54.6 seen in August (50.0 is neutral). The index’s quarterly average for 2Q20 was the highest since the opening three months of 2019. https://www.markiteconomics.com/Public/Home/PressRelease/50e5588ccad143b7a3318c40926a45b9   August existing…

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Incorporating Aesthetics Economically

Incorporating Aesthetics Economically When discussing aesthetics with DOTs around the country, I have found that their concerns about costs are at the forefront of our conversations. Since funds to create these transportation projects are very limited, their focus tends to begin and end at safety and functionality. These concerns are not lost on me. It is absolutely one of…

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Housing Market Potential Reaches Highest Level Since 2007, According to First American Potential Home Sales Model 

Housing Market Potential Reaches Highest Level Since 2007, According to First American Potential Home Sales Model  First American Financial Corporation released their proprietary Potential Homes sales model for the month of August which saw that potential-existing homes sales went up to a 5.92 million seasonally adjusted annualized rate… Read More Businesswire https://www.businesswire.com/news/home/20200921005131/en/Housing-Market-Potential-Reaches-Highest-Level-Since-2007-According-to-First-American-Potential-Home-Sales-Model

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