Housing

Despite Inflation Concerns, HdL Companies Reports Continued Growth for California Sales Tax Returns in 3Q2022

Retrieved on: 
Thursday, January 12, 2023

“As the Federal Reserve Board continued ramping up interest rates in an effort to curb concerns over inflation, consumers continued purchasing a broad array of goods, especially new automobiles,” stated HdL Companies President/CEO Andy Nickerson.

Key Points: 
  • “As the Federal Reserve Board continued ramping up interest rates in an effort to curb concerns over inflation, consumers continued purchasing a broad array of goods, especially new automobiles,” stated HdL Companies President/CEO Andy Nickerson.
  • HdL is the leading provider of revenue enhancement technology and consulting services for local governments.
  • Each quarter, it reports on California’s sales tax receipts and impacts on local jurisdictions.
  • The automobile sector saw growth of 6% with new car dealers experiencing 10% gains compared to 2021.

KBRA Releases CREFC January Conference 2023 – Day 3 Recap

Retrieved on: 
Thursday, January 12, 2023

KBRA releases the final recap of the CRE Finance Council (CREFC) January Conference 2023.

Key Points: 
  • KBRA releases the final recap of the CRE Finance Council (CREFC) January Conference 2023.
  • The day’s sessions consisted of three panel discussions on multifamily and housing affordability, the future of office, and the What’s Left to Lend On?
  • Following the final session, a site tour of Starwood Property Trust’s Miami headquarters was made available to conference attendees.
  • Day 1 and Day 2 recaps can be found in the links below.

Wells Fargo Launches $20 Million Invest Native Initiative for Native American Communities

Retrieved on: 
Thursday, January 12, 2023

Wells Fargo today announces a $20 million commitment to advance economic opportunities in Native American communities working with Native-led organizations.

Key Points: 
  • Wells Fargo today announces a $20 million commitment to advance economic opportunities in Native American communities working with Native-led organizations.
  • The Invest Native initiative aims to address housing, small business, financial health, and sustainability among Native American communities in Arizona, Montana, New Mexico, North Dakota, South Dakota, and Wyoming.
  • “Invest Native is the latest chapter in Wells Fargo’s long-standing commitment to indigenous communities,” said Otis Rolley, president of the Wells Fargo Foundation.
  • To learn more about Invest Native and the philanthropic impact to Native-led organizations and the communities they serve, please visit Wells Fargo’s Native Communities website.

American Campus Communities Implements Succession Plan

Retrieved on: 
Thursday, January 12, 2023

American Campus Communities (ACC), the nation’s premier student housing manager, owner and developer, announced today that Rob Palleschi, who most recently served as the Chief Executive Officer of G6 Hospitality, will be joining the company to serve as its new Chief Executive Officer, effective January 17, 2023.

Key Points: 
  • American Campus Communities (ACC), the nation’s premier student housing manager, owner and developer, announced today that Rob Palleschi, who most recently served as the Chief Executive Officer of G6 Hospitality, will be joining the company to serve as its new Chief Executive Officer, effective January 17, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230112005164/en/
    Rob Palleschi joins ACC as CEO (Photo: Business Wire)
    “Building and leading this company has been the greatest honor and privilege of my life.
  • As we enter our 30th anniversary year, I’m excited to implement the next phase of our succession plan and to begin the next chapter at ACC,” said Bayless.
  • “It is an incredible honor for me to be entrusted to continue the legacy Bill has built at American Campus Communities,” shared Palleschi.

Redfin Becomes First Real Estate Site to Add Energy Cost Estimates for U.S. Homes

Retrieved on: 
Thursday, January 12, 2023

(NASDAQ: RDFN) — Redfin ( www.redfin.com ), the technology-powered real estate company, today added energy cost estimates for more than 85 million homes across the U.S.

Key Points: 
  • (NASDAQ: RDFN) — Redfin ( www.redfin.com ), the technology-powered real estate company, today added energy cost estimates for more than 85 million homes across the U.S.
  • View the full release here: https://www.businesswire.com/news/home/20230112005139/en/
    Redfin.com now displays energy cost estimates for homes in the U.S. (Photo: Business Wire)
    Each eligible Redfin home detail page now displays an estimate for the home’s monthly electricity usage, bill, and seasonal changes in electricity usage and cost.
  • It also estimates how much homeowners could save on long-term energy costs by installing solar panels.
  • Redfin now displays energy cost information on both for-sale and off-market homes and the experience is tuned to each different type of user.

Equity LifeStyle Properties, Inc. Announces Fourth Quarter 2022 Earnings Release and Conference Call

Retrieved on: 
Wednesday, January 11, 2023

Equity LifeStyle Properties, Inc. (NYSE:ELS) (referred to herein as the “Company,” “we,” “us,” and “our”) announced today that the Company’s fourth quarter 2022 earnings will be released on Monday, January 30, 2023 after market close.

Key Points: 
  • Equity LifeStyle Properties, Inc. (NYSE:ELS) (referred to herein as the “Company,” “we,” “us,” and “our”) announced today that the Company’s fourth quarter 2022 earnings will be released on Monday, January 30, 2023 after market close.
  • The Company’s executive management team will host a conference call and audio webcast on Tuesday, January 31, 2023 at 11:00 a.m. Eastern Time to discuss the Company’s operating and financial results.
  • The live audio webcast and replay of the conference call will be available on our website at www.equitylifestyleproperties.com in the Investor Relations section under Events.
  • This press release includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.

Global Bamboos Market Report 2022 to 2030: Players Include Bamboo Australia, Ecoplanet Bamboo, Smith & Fong and Moso International - ResearchAndMarkets.com

Retrieved on: 
Wednesday, January 11, 2023

The global bamboos market size is expected to reach USD 87.4 billion by 2030, according to a new study.

Key Points: 
  • The global bamboos market size is expected to reach USD 87.4 billion by 2030, according to a new study.
  • The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
  • The global market will likely expand throughout the forecast period as demand rises for paperboard and paper.
  • In 2022, tropical bamboo type led the market, owing to their wide availability across regions.

will.i.am’s i.am/Angel Foundation and WeLink Help Close Digital Divide in Boyle Heights With Zero-cost Ultra-high-speed Wireless Internet

Retrieved on: 
Wednesday, January 11, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230111005366/en/
    WeLink announces a partnership with i.am/Angel Foundation and HACLA to provide high-speed internet access to help close the digital divide in communities in Los Angeles.
  • (Photo: Business Wire)
    As part of this pilot initiative, WeLink has also installed no-cost internet service at the Boys & Girls Clubhouse within Estrada Courts.
  • Microsoft’s Airband Initiative will provide digital literacy and skills training offerings along with access to affordable computing devices to help residents make the most of their new internet service.
  • That's why we are excited that Microsoft connected us to the i.am/Angel Foundation and WeLink,” said Norma E. Fernandez, CEO of EveryoneOn.

Front Porch Center for Innovation and Wellbeing Launches New Online Resource Focused on Behavioral Health and Wellness

Retrieved on: 
Wednesday, January 11, 2023

The Front Porch Center for Innovation and Wellbeing (FPCIW) announced today that it has launched a new online resource designed to assist affordable senior housing providers establish technology-based behavioral health and wellness programs in their communities.

Key Points: 
  • The Front Porch Center for Innovation and Wellbeing (FPCIW) announced today that it has launched a new online resource designed to assist affordable senior housing providers establish technology-based behavioral health and wellness programs in their communities.
  • The playbook also helps providers assess community-based resources that address behavioral health and wellness and to adapt those resources to best meet their residents’ needs.
  • “The impact of social isolation and loneliness among older adults cannot be overstated,” said Davis Park, vice president of the FPCIW.
  • “We created this playbook to serve as a valuable resource for supporting the mental health and wellbeing needs of underserved older adults.

KB Home Reports 2022 Fourth Quarter and Full Year Results

Retrieved on: 
Wednesday, January 11, 2023

KB Home (NYSE: KBH) today reported results for its fourth quarter and year ended November 30, 2022.

Key Points: 
  • KB Home (NYSE: KBH) today reported results for its fourth quarter and year ended November 30, 2022.
  • “Our financial results for 2022 mark one of the best years in our Company’s history.
  • Land and land development expenditures for the quarter decreased 29% to $442.7 million, compared to $621.7 million for the year-earlier quarter.
  • The conference call to discuss the Company’s 2022 fourth quarter earnings will be broadcast live TODAY at 2:00 p.m. Pacific Time, 5:00 p.m. Eastern Time.