AGP Executive Report
Last update: 3 hours agoHousing & Rates: Mortgage rates jumped again as the Iran conflict escalated, with the 30-year fixed-rate average rising to 6.55% and homebuyer applications slipping. Construction Outlook: U.S. single-family starts fell for a third straight month in June, while permits for future building hit the lowest level in 10 months—higher borrowing costs and too many unsold homes are still weighing on builders. Local Infrastructure: St. George, Utah won a $23.5M federal grant for two I-15 underpasses to improve safety and cut congestion, with construction expected this fall. Housing Supply & Policy: A new federal housing law is expected to help over time, but analysts say benefits from faster reviews and zoning changes won’t show up immediately. Data Centers & Power: New York’s pause on large AI data centers is drawing pushback as utilities warn the grid is strained; meanwhile, communities from Virginia to North Carolina are debating water and electricity impacts. Property Taxes: Montgomery County, Texas still has thousands of homes missing from property tax rolls, highlighting staffing pressure on appraisal districts. Affordable Housing: Heber City, Utah’s affordable project is back on track for 2028 construction after a long delay tied to local approvals.
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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