AGP Executive Report
Last update: 9 hours agoHousing Affordability: A key U.S. affordability gauge worsened for the first time in nearly three years as higher borrowing costs took a bigger bite out of new-home buyers’ incomes. Home Sales & Buyer Behavior: More U.S. homebuyers are getting “cold feet,” with cancellations rising to the highest level in nearly three years, as buyers gain leverage in a more balanced market. Construction Costs: New Census-backed budgeting shows how wildly addition and build costs vary by region—Northeast pricing can run far above the South, making one national number misleading. Local Housing Supply: Massachusetts lawmakers push toward housing goals, while Montana’s Miles City starts a long-awaited 30-unit affordable project funded by state tax credits. Real Estate Finance: Massachusetts AG raises antitrust concerns in a real estate transaction, requiring divestitures—another sign regulators are tightening scrutiny. Infrastructure & Growth: Virginia and other areas keep rolling out road and safety projects, while Michigan weighs major solar to power AI and manufacturing growth. Coastal Resilience: San Diego’s Imperial Beach and Coronado face Super El Niño flood and sewage risks, even as local infrastructure upgrades aim to blunt impacts. Border Wall & Land Use: Arizona border wall construction begins over Native objections, adding another flashpoint for land and permitting battles.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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