Where Trump and Biden Stand on Mortgage Finance The two presidential candidates take different approaches, as Trump would focus on returning Fannie Mae and Freddie Mac to private ownership while Biden would focus on affordable housing… Read More Wall Street Journal https://www.wsj.com/articles/where-trump-and-biden-stand-on-mortgage-finance-11602158413
30-year mortgage rate remains near record low, says Freddie Mac Mortgage rates continue to stay near its record low as Freddie Mac reports that the average rate for the week is 2.87%…. Read More Bankrate.com https://www.bankrate.com/mortgages/freddie-mac-mortgage-rates-october-8/
Denver suddenly has one of the most competitive housing markets in America Homes are getting picked up quickly in Denver as 3,041 single-family homes were listed for sale during the month of September, a vast different from the previous low of 5,693 which occurred in September 2017… Read More CNBC https://www.cnbc.com/2020/10/05/this-city-now-has-one-of-the-most-competitive-housing-markets-in-america.html
MetroIntelligence Economic Update by P. DUFFY Initial unemployment claims edge down 1.1 percent as continued claims decline 8.3 percent In the week ending October 3, initial unemployment claims were 840,000, a decrease of 9,000, or 1.1 percent, from the previous week’s revised level. The advance number continued claims during the week ending September 26 was 10,976,000, a decrease of 1,003,000,…
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
Watch Young Building Professionals Discuss their Career Paths NAHB Student Chapters recently partnered with Cue Career to create a series of video interviews featuring young home building professionals describing their career journeys… Read More National Association of Home Builders https://nahbnow.com/2020/09/watch-young-building-professionals-discuss-their-career-paths/?_ga=2.67249297.1687637235.1599605432-413231712.1591378032
Arizona surface, drinking water infrastructure gets $30.5M award The U.S. Environmental Protection Agency (EPA) is awarding $2.7 billion nationwide in support to water infrastructure via State Revolving Funds (SRFs), including $30,536,000 for Arizona… Read More WaterWorld https://www.waterworld.com/drinking-water/infrastructure-funding/press-release/14182337/arizona-surface-drinking-water-infrastructure-gets-305m-award
Assisted living and memory care community begins construction in Sparks Integral Senior Living, a senior living community company, will manage Kiley Ranch master planned community, with will have 99 units; of those 99 units 66 units are assisted living rooms and 24 are memory care rooms… Read More News 4 https://mynews4.com/news/local/assisted-living-community-beginning-construction-in-sparks
Minimizing Risk of The Most Important Resource The Lakes & Stormwater Division of Lakeland ensures safety of its water… Read More American Infrastructure Magazine https://americaninfrastructuremag.com/minimizing-risk-of-the-most-important-resource/
Top-Selling Master-Planned Communities of Mid-Year 2020 An update to RCLCO’s January publication of the Top-Selling Master-Planned Communities of 2019 and “Best of the Decade”, showing where the market has been, and where it is going… Read More Builder and Developer Magazine https://bdmag.com/top-selling-master-planned-communities-of-mid-year-2020/
MetroIntelligence Economic Update by P. DUFFY …
Building permits rose 5.2 percent in September…