Today’s Housing Market News – June 24, 2024

Welcome to today’s roundup of real estate news! Whether you’re interested in residential construction, housing market trends, or the latest developments in the industry, we’ve got you covered. Dive into the New Residential Construction Press Release for valuable data and media inquiries contacts. Join our flavorful journey through Oklahoma City’s real estate and casual dining scene, where we explore everything from 3D-printed homes to a burger showdown between Whataburger and In-N-Out. Discover why home prices are plummeting in six major cities and how it presents unique opportunities for potential homebuyers. Explore the award-winning homes of the 2024 Tulsa Parade of Homes and get inspired by the creativity and craftsmanship on display. Learn about the deepening housing shortage and its impact on affordability, as well as potential solutions to address this crisis. And finally, delve into the world of Medicaid waivers and the innovative approaches states are taking to reform Medicaid. So, grab a cup of coffee and join us as we navigate the exciting and ever-evolving world of real estate!

New Residential Construction Press Release

Looking for the latest insights on the residential construction market? The New Residential Construction Press Release is your go-to source for up-to-date information. Whether you’re a data analyst, journalist, or just someone keen on economic indicators, this page provides valuable data inquiries and media inquiries contacts to help you get the information you need. Dive into detailed statistics with the Economic Indicators Division’s Residential Construction Branch or get in touch with the Public Information Office for media-related queries. Plus, don’t miss out on future updates – sign up for email notifications today!

Learn more about New Residential Construction

Missing: Allsup’s burritos! … Whataburger or In-N-Out? … OKC CRE!

This week’s journey through the realms of real estate and casual dining takes us from a light news week in Oklahoma City to the heart of Texas, where our intrepid reporter dives into the annual conference of the National Association of Real Estate Editors (NAREE). Despite a brief detour involving a special project, the promise of groundbreaking stories on 3D-printed homes looms on the horizon. Meanwhile, a personal quest for Allsup’s World Famous Burritos reveals a temporary hiccup in the supply chain that thankfully resolves just in time for a savory resolution. But the culinary adventure doesn’t stop there; a burger showdown between Whataburger and In-N-Out awaits, setting the stage for a flavorful verdict. Back in Oklahoma City, the real estate beat marches on with updates on a new office project, soaring downtown home prices, and a historic move by an original Bricktown business. Through it all, our guide offers a glimpse into the future of housing, the importance of affordable options, and the ever-evolving landscape of Oklahoma City’s commercial real estate.

Dive deeper into this flavorful journey and real estate insights here!

Why Home Prices Are Plummeting in These 6 Cities – New Trader U

In an insightful exploration of the US housing market, recent data from Realtor.com reveals significant price declines in six major cities, presenting unique opportunities for potential homebuyers. This article delves into the myriad of factors contributing to the downturn in markets across Miami, Oklahoma City, Cincinnati, Kansas City, San Jose, and Portland. From the reversal of pandemic-induced migration trends to the influx of affordable housing inventory and the impact of economic shifts on local markets, each city presents a case study in how external pressures can shape housing prices. For instance, Miami faces challenges from rising insurance costs and legislative changes following the Surfside condo collapse, while Oklahoma City benefits from an increase in budget-friendly homes. Similarly, the tech industry’s volatility has influenced San Jose’s market. These nuanced dynamics offer a comprehensive view of the current state of the housing market, highlighting both the challenges and opportunities facing buyers and sellers in today’s ever-evolving landscape.

Discover more about the shifting housing market trends in these cities.

Tulsa announces 2024 Parade of Homes winners

The Home Builders Association of Greater Tulsa recently celebrated the conclusion of the 2024 Tulsa Parade of Homes, showcasing over 100 homes, with 80 competing for top honors. This annual event, sponsored by Arvest Bank and Generator Supercenter, highlighted a range of styles from contemporary urban dwellings to luxurious estates, spread across Bixby, Broken Arrow, Collinsville, Coweta, Glenpool, Jenks, Owasso, Sand Springs, Sapulpa, and Tulsa. With homes open daily, rain or shine, the parade offered free admission to all attendees, presenting an opportunity to explore the latest in home design and construction. Twelve homes in Owasso and Collinsville emerged as winners, exemplifying exceptional creativity and craftsmanship. The event not only sets new standards for quality and innovation in the industry but also provides a platform for builders and designers to showcase their latest projects.

Discover the award-winning homes of the 2024 Tulsa Parade of Homes

Housing shortage is root cause of affordability crisis, and it’s deepening: report

A recent analysis by Zillow highlights a growing concern in the U.S. housing market: the deepening deficit of homes. In 2022, the housing shortage escalated to 4.5 million homes, up from 4.3 million the previous year. This shortage is contributing significantly to the housing affordability crisis, with the median existing-home sales price jumping 5.7% from the previous year to $407,600 in April. The scarcity of homes is at the heart of this crisis, driven by a decade of insufficient building and a stark imbalance between supply and demand. Despite a slight increase in home construction last year, the effort falls short of meeting the escalating need, further exacerbated by local resistance to new construction and a shift away from building starter homes. Experts suggest that reforming zoning rules to allow for more density could be key to addressing the shortage.

Learn more about the housing crisis and its implications

Medicaid Waiver Tracker: Approved and Pending Section 1115 Waivers by State | KFF

The Medicaid Waiver Tracker is a comprehensive resource for tracking approved and pending Section 1115 Medicaid demonstration waivers. These waivers allow states to test innovative approaches in Medicaid, diverging from federal statutes to better meet the needs of their populations. Key areas of focus include eligibility expansions, benefit enhancements—especially in behavioral health services—and initiatives addressing social determinants of health. The tracker highlights the evolving priorities of states and the Centers for Medicare and Medicaid Services (CMS), reflecting shifts across different presidential administrations. It provides detailed insights into how these waivers aim to reform Medicaid’s eligibility criteria, benefits, provider payments, and other rules, offering a snapshot of the landscape of Medicaid innovation.

Learn more about the latest in Medicaid waivers

Oklahoma Department of Aerospace and Aeronautics’ FY 2025-2029 Five-Year Airport Construction Program Approved: Investing $342 Million in Federal, State and Local Funds Over the Next Five Years

The Oklahoma Aerospace and Aeronautics Commission recently gave the green light to an ambitious Five-Year Airport Construction Program (ACP) for FY 2025-2029, earmarking a whopping $342 million from federal, state, and local funds to enhance the state’s aviation and aerospace infrastructure. This strategic investment aims to bolster airport facilities, drive economic growth, and ensure the safety and efficiency of air travel across Oklahoma. With a comprehensive plan that includes 125 projects in 67 communities, the initiative focuses on everything from pavement maintenance to significant runway renovations and extensions. Notably, the program also awarded two significant grants for projects at Tulsa International and Ardmore Municipal airports, underlining the state’s commitment to fostering economic prosperity through its airport system. As Oklahoma positions itself as a leader in aviation and aerospace, this program represents a critical step forward in enhancing the state’s infrastructure and supporting its economic vitality.

Learn more about Oklahoma’s Five-Year Airport Construction Program