Can Large Retirement Communities Grow Too Big to Survive?
If a retirement community’s residents don’t work, who does? Big ones, such as The Villages, can’t attract enough working-age adults, and labor costs keep going up.
Some Lenders Say They’ll Resume Foreclosures in July
Bank of America says it will resume foreclosures in July, though “the amount … is way down, and most of the clients have become current,” and JP Morgan Chase says 90% of customers have left forbearance. But Wells Fargo plans to wait until 2022 to resume foreclosures.
Floridians Upbeat About the Present – Bit Less About Future
UF: Consumer confidence in Fla. dropped 1.4 points in May, because a small uptick in current attitudes wasn’t enough to counter a slight downturn in future expectations.
Construction Spending Posts Modest 0.2% Gain in April
The residential component proved strongest with a 1% month-to-month gain and a 29.7% year-to-year gain, while non-residential fell 0.5% by month and 4.8% by year.
Biden Administration Wants to Help Solve Lumber Problems
NAHB says Pres. Biden is uneasy about the rising cost of lumber and homebuyer problems. Builders proposed a summit that includes the lumber industry and Dept. of Commerce.
Is It OK to Ride Out a Hurricane on the 40th floor?
While a homeowner on the 40th floor of a Fla. high-rise has little to fear from storm surge, wind strength increases with elevation. Advised to evacuate? Best to do it.