Housing Markets

Umaine Launches the First Bio-based 3D printed Home As a Proposal To Bring Forth Economical Housing On November 21st, researchers at the University of Maine Advanced Structures and Composites Center (ASCC) presented the world’s first Bio-based 3D printed home, composed of 100 percent bio materials. The house, named “BioHome 3D” is described as…

Miami, Florida - Inflation hit home prices in Florida the hardest according to a new S & P Dow Jones Indices report today. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which includes all nine U.S. census divisions, showed a 20.4 percent annual gain in April, down from 20.6 percent the month before. The annual increase…

United States Of America - New home sales in the United States beat expectations in May 2022 according to new data released from the U.S. Census. Here is the facts: New Home Sales For May 2022 Sales of new single family houses in May 2022 were at a seasonally adjusted annual rate of 696,000. This is 10.7% (18.9%)* higher than the…

United States of America -Multi-family home data from the U.S. Census released today show some good news but some concerning data in it's May housing numbers as well. "New Privately‐Owned Housing Units Authorized, but Not Started, at End of Period" in table 2a shows a consistent aggregated accumulation of a growing continued backlog of new…

United States Of America - Building permits in the United States increased 0.3 percent from a month earlier to a seasonally adjusted annual rate of 1.76 million in January of 2022, from the previous month's 1.755 million and below market expectations of 1.77 million. Single-family authorizations jumped 6.8 percent to a rate of 1,205 thousand…

Washington, D.C. - The FHA (Federal Housing Administration) Office of Multifamily Housing plays a critical role in the development, substantial restoration, and refinancing of market-rate and affordable housing through the issuing of FHA mortgage insurance policies. These insurance programs contribute to the stability, liquidity, and affordability…

NEW YORK, NEW YORK— The city of New York is undergoing a renaissance. Mayor Eric Adams of New York City unveiled the members of the team that will be in charge of the city's affordable housing strategy. Jessica Katz, the city's now top housing officer, will serve as the team's leader. In his new position as Commissioner of the Department of Housing…

Denver, Colorado - Denver construction has been booming. Residential construction is expected to account for about two-thirds of the market's growth in 2021. The market, on the other hand, is likely to return to normal in 2022. There are two possible explanations for the recent uptick in activity: first, the surge of new residential development…

Denver, Colorado - You might have seen this mind blowing building trolling you on some social post somewhere... MAD Architects released renderings in the past weeks and months prior with details of its newest U.S. project — One River North — a groundbreaking biophilic-designed residential building in Denver's vibrant RiNo neighborhood. The…

United States Of America - The Pending Home Sales Index, a leading indicator of housing activity, tracks signed real estate contracts for existing single-family homes, condominiums, and cooperatives. When a seller accepts a sales contract on a property, it is recorded as a "pending home sale" in a Multiple Listing Service (MLS). The majority…

United States Of America- Foreclosures begin to mount as moratoriums end and the S&P 500 has risen last week as the third-quarter earnings season began with good results from big bank firms. Brent crude oil prices reached an all-time high of $85 per barrel on Friday, the highest since October 2018. Oil, natural gas, and coal prices have…

New York, New York - Mass Timber Advances, Basement apartments get overhaul. The New York City Council approved changes to the city's building code on Thursday, October 7, allowing for the construction of cross-laminated timber (CLT) structures throughout the five boroughs (up to 85 feet). This may not seem like a significant change in a city…

Washington DC - The Payroll Report from the BLS was far from optimistic across the board undermining the theory if unemployment benefits were cut payrolls would rise. Although the Nation as a whole saw a report that was far less then predicted the AEC related segments show promise. Segments in the construction related indicators compiled by…

Carpinteria, California - (NYSE: PCOR) Like everyone else you are probably asking yourself: why would Procore pay $500M for LevelSet? Don't worry you are not alone and most likely it's not why you would think. LevelSet is a platform for managing lien notice of intents, placements and payment collection for the United States. The construction…