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The U.S.’s Single-Family Housing Market Expected to Rebound Next Year

The U.S.’s Single-Family Housing Market Expected to Rebound Next Year According to the Urban Land Institute, real estate market conditions are expected to rebound in 2021 and in 2022, single-family homes are expected to outperform other sectors of housing. Read More Mansion Global https://www.mansionglobal.com/articles/the-u-s-s-single-family-housing-market-expected-to-rebound-next-year-220738

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10/30: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY 3Q20 GDP grew at annual rate of 33.1 percent, recapturing 97.3 percent of pandemic decline Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 31.4…

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New housing community celebrates grand opening

New housing community celebrates grand opening In a partnership between the Wyoming Housing Network and the Mountain Plains Equity Group, a new housing community, Powell Court Apartments, is being developed, offering affordable housing… Read More Powell Tribune https://www.powelltribune.com/stories/new-housing-community-celebrates-grand-opening,27721  

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How the election’s outcome could shape 5 key homebuilding issues

How the election’s outcome could shape 5 key homebuilding issues With the upcoming election set to determine the policies shaping housing’s near future, here’s how the candidates could impact the key roadblocks to a building boom in the U.S… Read More Builder and Developer Magazine https://www.nationalmortgagenews.com/list/how-the-elections-outcome-could-shape-5-key-homebuilding-issues

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10/29: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY October consumer confidence slips slightly due to rise in Covid-19 cases and job outlook weakening Consumer confidence declined slightly in October (-0.4 points to 100.9), following a sharp improvement in September. Consumers’ assessment of current conditions improved while expectations declined, driven primarily by a softening in the short-term outlook for jobs. There is little…

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10/27: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY New home sales dip 3.5 percent in September, but up 32.1 percent year-on-year. Sales of new single-family houses in September 2020 were at a seasonally adjusted annual rate of 959,000. Development. This is 3.5 percent below the revised August rate of 994,000, but is 32.1 percent above the September 2019 estimate of 726,000. …

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Beverly project to receive funds supporting new affordable housing development

Beverly project to receive funds supporting new affordable housing development Gov. Charlie Baker highlighted a project in Beverly during the 2020 Affordable Rental Housing Awards; the award show resulted in the development of more than 2,400 affordable housing units… Read More Metro West Daily News https://www.metrowestdailynews.com/news/20201025/beverly-project-to-receive-funds-supporting-new-affordable-housing-development

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