AGP Executive Report
Last update: 3 hours agoMortgage Rates & Housing Demand: Freddie Mac data shows 30-year fixed rates rising to 6.55% and 15-year to 5.93% as U.S.-Iran tensions push oil higher, pressuring affordability and cooling mortgage applications. Homeownership Stress: ATTOM reports foreclosure filings up 21% in the first half of 2026, with Florida leading overall foreclosure rates. New Construction Signals: NAHB/Wells Fargo’s Housing Market Index fell to 34 in July, citing affordability, high mortgage rates, land and materials costs, and labor shortages. Data Centers & Power Strain: Reuters reports xAI installed 59 natural-gas turbines for its Tennessee data center without federal clean-air permits, with emissions concerns tied to nearby Black communities—fueling the broader debate over data-center growth. Local Buildouts & Infrastructure: Seward, Alaska approved preconstruction for a Harbormaster’s Office and a Coast Guard lease; Missouri’s MoDOT scheduled an overnight ramp closure for pavement work; Hawai‘i County released a Waikoloa evacuation traffic study and plans a new evacuation route. Policy & Politics: Sen. Jim Banks introduced a bill to end birthright citizenship, arguing it would curb housing and public-safety impacts from immigration.
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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