Tag: Federal Reserve
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Construction sector faces mixed outlook amid backlog declines and cost pressures, survey finds
A recent regional survey highlights a challenging but nuanced outlook for the construction sector, marked by declining project backlogs, tighter competition for fewer opportunities and persistent cost pressures — despite some isolated signs of resilience. The survey presented by The Federal Reserve Bank of Minneapolis received over 250 responses from individuals representing all areas of… Read More
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Fed raises rates by 75 basis points
In its continued effort to fight inflation, the Federal Reserve raised the federal funds target rate another 75 basis points mid-September. This is the third consecutive increase of 75 basis points. The large hikes are sending shockwaves through the financial markets and the overall economy. Federal Reserve officials have now hinted at plans to continue… Read More
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Housing supply solutions left on the table
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Exclusive: Minnesota single stair review shows taller buildings possible with code changes
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Federal government withdraws energy code rule
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A framework for improved model building codes
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Less efficient, older homes make up greatest share of housing stock as energy codes focus on new home construction