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US Housing Starts Rise, Indicating Stabilization

US housing starts ↑ 2.2% in April, signaling a gradual recovery in residential Real Estate. Single-family homebuilding ↑ 1.6% to the highest level this year, driven by a surge in the West. Applications for future construction ↓ 1.5%, but permits for one-family dwellings reach a 7-mo high. Low supply of existing homes and financing incentives…

Florida Homeowners Advised to Raise Homes to Mitigate Hurricane Flooding

City leaders in Florida present findings from an engineering firm regarding the causes of major flooding. Difficulty in finding fixes for areas close to the coast and tidal surge is acknowledged. One recommendation is to raise houses, with ongoing projects and FEMA grant support. Affordability and risks associated with house elevation projects are concerns for…