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10/23: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY   Initial unemployment claims dip 6.5 percent to 787,000 In the week ending October 17, initial unemployment claims were 787,000, a decrease of 55,000, or 6.5 percent, from the previous week’s revised level. Continued claims during the week ending October 10 were 8,373,000, a decrease of 1,024,000, or 10.0 percent, from the previous…

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10/22: MetroIntelligence Economic Update by P. DUFFY

Building permits rose 5.2 percent in September and 8.1 percent year-on-year Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,553,000, up 5.2 percent from August and 8.1 percent year-on-year. Single-family permits were up 7.8 percent from August and 24.3 percent year-on-year. Multi-family permits for buildings with 5+ units were up…

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For-Sale Housing Market Posts Highest Monthly Jump in 15 Years

For-Sale Housing Market Posts Highest Monthly Jump in 15 Years For the month of September, the house sales market has been successful as the average home value rose to $259,906 and the month-over-month growth rate went up 0.8%… Read More GlobeSt https://www.globest.com/2020/10/19/for-sale-housing-market-posts-highest-monthly-jump-in-15-years/

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Builder opens two model homes in new community

Builder opens two model homes in new community Neal Land & Neighborhoods a master-planned community, has opened two KB Homes models in its Brightwood neighborhood, beginning its next step in development of the multi-phase community. Read More Business Observer Florida https://www.businessobserverfl.com/article/builder-opens-two-model-homes-in-new-community

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10/20: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY   October builder confidence rises another 2 points to a new high of 85 Builder confidence in the market for newly-built single-family homes increased two points to 85 in October, further surpassing the previous all-time high of 83 recorded in September, for the first two months the index has ever been above 80.  All…

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The Active Adult Buyer Is Back!

The Active Adult Buyer Is Back! With the national housing market surging, active adults have decided it is time to participate again… Read More John Burns Real Estate Consulting https://www.realestateconsulting.com/the-light-active-adult-buyer-is-back/

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Softwood Lumber Prices Surge a Record 29% in September — Building Materials Up 4.4% in 2020

Softwood Lumber Prices Surge a Record 29% in September — Building Materials Up 4.4% in 2020 A 28.6% increase in prices paid for softwood lumber (seasonally adjusted) led the overall index higher and is the fourth consecutive double-digit percentage increase, month-over-month… Read More Eye On Housing http://eyeonhousing.org/2020/10/softwood-lumber-prices-surge-a-record-29-in-september-building-materials-up-4-4-in-2020/

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