AGP Executive Report
Last update: 13 minutes agoHousing Market: U.S. home sales fell 5.5% in October as mortgage rates hit a 26-year high, while first-time buyers’ median age climbed to 40—underscoring how affordability and limited supply are keeping buyers on the sidelines. Construction: Anchorage issued about 530 residential permits through October, its highest tally in a decade; multifamily projects accounted for more than half, as the city works to spur rental building. Development and Land Use: Voters weighed in on data centers across 10 states: 40 of 41 local ballot measures resulted in limits on development, reflecting concerns over land use, water and power costs. Public Housing: HUD finalized a rule requiring residents in federally funded public housing to verify citizenship or immigration status, a change with direct implications for tenants and housing administrators.
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