One of the most under followed resi accounts on here: Will

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Inventory levels in Florida are up the most in the nation on a year-over-year basis (+57%)

The bulk of the increase is really concentrated in sections of Southwest Florida

A slew of Fed officials— Kansas City Fed president Schmid, Atlanta, Boston and San Francisco Fed presidents — all sound alike: The Fed can be patient in cutting interest rates.
bloomberg.com/news/articles/… via Bloomberg Economics

'In CA permits & impact fees often exceed $100k per home'

- Sacramento-based builder Jeff Grenz | Custom Homes Northern California
x.com/NewsLambert/st…

The average 30-year fixed mortgage rate slips to 7.30% heading into the weekend

Spread: 278 bps

Week-over-week, the average fixed rate rose from 7.01% to 7.30%

Homebuilders and developers may challenge California’s development ‘impact fees,’ Supreme Court rules

9-0 U.S. Supreme Court decision
latimes.com/politics/story…

[Bloomberg Opinion] While we have a glut of apartments being completed now, holding down rents in many metros, a shortage looms again on the horizon in a couple years, which is why Blackstone’s purchase of an apartment REIT this week was good news: trib.al/dJ1glUr

Look at that YoY growth in Florida housing inventory.