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2/11: Economic Update by P. DUFFY

In addition to these links below, P. Duffy also curates more comprehensive, daily and weekly summaries of national and global economic news updates. Sign up for a free trial, and he’ll send you the latest issue. Use code BB2021 to save 50% for an upgrade to EconUpdate+ after the trial period ends! Economic Update by P. DUFFY   Consumer…

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2/9: Economic Update by P. DUFFY

Economic Update by P. DUFFY   Condo market under-performed vs. single-family homes in 2020 What does this mean? Home buyers were looking for more privacy and space in 2020, even if that meant staying in the same geographic region. Housing market performance in urban and suburban areas was broadly similar in 2020, but the nation’s condo market failed to keep pace with…

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2/2: Economic Update by P. DUFFY

Economic Update by P. DUFFY Construction spending rises 1.0 percent in December, up 5.7 percent year-on-year Construction spending during December 2020 was estimated at a seasonally adjusted annual rate of $1,490.4 billion, up 1.0 percent from November and 5.7 percent year-on-year.  The value of construction for all of 2020 was $1,429.7 billion, up 4.7 percent from 2019. https://www.census.gov/construction/c30/pdf/release.pdf   January…

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How Biden May Impact Mortgage Rates

How Biden May Impact Mortgage Rates The 30-year mortgage rate went up o 2.79% on January 14, and experts say if Biden implements a larger stimulus bill it is likely to increase mortgage rates to around 3%… Read More Mortgage Reports https://themortgagereports.com/73353/why-are-mortgage-rates-going-up-biden-covid-vaccines

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New Affordable Housing Project Moving Forward

New Affordable Housing Project Moving Forward Indiana-based The Annex Group will be developed an affordable housing community in west Indianapolis that will open in late 2021… Read More Inside Indiana Business https://www.insideindianabusiness.com/story/43162793/new-affordable-housing-project-moving-forward

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New Affordable Housing Project Moving Forward

New Affordable Housing Project Moving Forward Indiana-based The Annex Group will be developed an affordable housing community in west Indianapolis that will open in late 2021… Read More Inside Indiana Business https://www.insideindianabusiness.com/story/43162793/new-affordable-housing-project-moving-forward

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