MetroIntelligence Economic Update by P. DUFFY New home sales slip 0.3 percent in October, but up 41.5 percent year-on-year Sales of new single-family houses in October 2020 were at a seasonally adjusted annual rate of 999,000, 0.3 percent below the revised September rate of 1,002,000, but is 41.5 percent above the October 2019 estimate of 706,000. The seasonally-adjusted estimate of…
Home Searches in Cities Up 200% From Last Year, Reflecting Renewed Interest in Urban Areas After Pandemic-Driven Drop The uptick in urban home searches closely trails a 235% increase in searches for homes in rural areas… Read More Redfin https://www.redfin.com/news/home-price-increase-rural-urban-searches/
Homebuilders cater to changes influenced by pandemic’s impact on work and family The pandemic has had a big impact on what buyers are looking for in a new home. Lower interest rates have helped spur an active market for buyers and sellers… Read More WRAL.com https://www.wral.com/coronavirus/home-builders-cater-to-changing-demands-influenced-by-pandemic-s-impact-on-work-and-family-life/19400368/
Multifamily Built-for-Rent Share: 96% According to NAHB analysis of quarterly Census data, the market share of rental units of total multifamily construction starts remained at 96% during the third quarter of 2020… Read More Eye On Housing http://eyeonhousing.org/2020/11/multifamily-built-for-rent-share-96/
Pandemic heats up US housing market Although the COVID-19 pandemic is hurting the US economy, the country’s housing market is booming… Read More Yahoo! Finance https://news.yahoo.com/pandemic-heats-us-housing-market-060426473.html
Connecting With the Great Outdoors Connectivity with nature in home design to encourage and facilitate wellness… Read More Builder and Developer https://bdmag.com/great-outdoors-home-wellness/
Solutions to affordable-housing crisis must also address education The lack of affordable housing in Arizona is inextricably tied to education and employment, and effective solutions must address the whole picture… Read More ASU Now https://asunow.asu.edu/20201124-arizona-impact-solutions-affordable-housing-crisis-must-also-address-education
HUD reopens COVID-19 relief applications for affordable senior housing providers The federal government announced a second application period for COVID-19 supplemental payments for multifamily housing providers, including affordable senior housing… Read More McKnight’s Senior Living https://www.mcknightsseniorliving.com/home/news/hud-reopens-covid-19-relief-applications-for-affordable-senior-housing-providers/
New Administration Planning for Better Buildings and Homes, for Climate and Equity Investing in America’s homes and buildings can benefit every family and business… Read More NRDC https://www.nrdc.org/experts/lauren-urbanek/biden-plan-promises-better-buildings-climate-and-equity
NAR Examines How Emphasis on Sustainability Can Boost Brokerage Value Demand for sustainable homes – those that prioritize comfort, durability wellness and affordability – has grown substantially over recent years… Read More National Association of Realtors https://www.nar.realtor/newsroom/nar-examines-how-emphasis-on-sustainability-can-boost-brokerage-value
MetroIntelligence Economic Update by P. DUFFY New…
Home Searches in Cities Up 200% From…