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U.S. Construction Spending Up 1.1% in June

U.S. Construction Spending Up 1.1% in June The U.S. government is reporting that total construction spending in June, 2022 was at a seasonally adjusted annual rate of $ 1,762.3 billion, which is 1.1% higher than May’s revised estimate and 8.3% higher than one year ago.  Residential construction came in at a seasonally adjusted annual rate

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Pending Home Sales Drop 8.6% in June

Pending Home Sales Drop 8.6% in June The National Association of Realtors is reporting that pending home sales were down 8.6% in June, 2022.  The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) dipped to 99.1.  The NAR predicts home sales should start to rebound by early 2023.  Indeed… “Home sales

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Existing Home Sales Down 5.4% in June

Existing Home Sales Down 5.4% in June The National Association of Realtors is reporting that existing home sales were down 5.4% in June to a seasonally-adjusted annual rate of 5.12 million (down 14.2% year over year).  Total housing inventory at the end of June was 1,260,000 units, up 2.4% from one year ago.  Unsold inventory

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Yardi Says Multifamily Rents Remained Strong in June

Yardi Says Multifamily Rents Remained Strong in June According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in June increased $ 19 to another all-time high of $ 1,706 (up 13.7% year-over-year).  Yardi says the multifamily market continues to perform at extremely high levels…Indeed. “While the U.S. economy will probably show

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June with Propy

June with Propy Summer is halfway over, but it’s no holiday for the Propy Team as we continue to launch new products and services based on blockchain and Web3 technology. Want to dive deeper into what we accomplished during the last 30 days? Read our monthly update to learn more. #PropyNFTAvatars – your Web3 friends

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