AGP Executive Report
Last update: 3 hours agoHousing & Rates: Zillow says July existing-home sales were strong (+7% y/y) but warns mortgage rates are set to rise again, likely pushing typical payments above last year and cooling the rest of 2026. Market Snapshot: NAR reports existing home sales fell 1.7% in July to a 4.06M annual rate as record prices and ~6.69% 30-year fixed rates keep would-be buyers sidelined. Local Housing Finance: Bangor, Maine advanced a 30-unit supportive housing project for chronically homeless residents using a 30-year property tax reimbursement deal (TIF), even as some residents push back. Data Centers & Growth Pressure: Fort Worth, Texas took first steps toward a 90-day data-center moratorium after a unanimous council vote, while requiring applicants to prove grid connection approvals. Construction & Infrastructure: Kansas DOT plans a $2M resurfacing of U.S. 24 in Stockton with curb/gutter and sidewalk ramp upgrades, starting the week of Aug. 10. Energy/Materials: Tesla filed for a Texas property tax limitation to support a $10.1B solar cell plant near Richmond, while Oklahoma AG moved to halt construction of a proposed aluminum smelter in Inola. Supply Chain/Real Assets: China is expanding the Bayan Obo rare-earth mine by 50% with a $74M investment, aiming to boost processing capacity for critical minerals.
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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