Sunset at the Landing
Free Concert Series
Where: Riverside Park by the Bogue Falaya River
At the South End of Columbia Street
Columbia St. Landing
100 N. Columbia St.
Covington LA 70433
When: July 31, 2020
6pm-9pm
Free Admission!
985-892-1873
gottaluvcov@covla.com
Click Here for More Information.
This event is free and is in Abita Springs.
Abita Springs Car Show
When: July 25, 2020
11 am – 2 pm
Where: Town Hall Field
22161 Level St.
Abita Springs, LA
What: Free event
Click Here For More Information.
Thousands of guns and knives on display in Slidell.
Slidell Gun & Knife Show
When: July 11, 2020
9am – 5pm
Where: Northshore Harbor Center
100 Harbor Center Blvd.,
Slidell, LA 70460
What: Adults $9 children (6-10) $1, under 6 free.
Click Here For More Information.
Even though we saw a slight decrease in April, home purchases are still going strong. The Mortgage Bankers Association’s (MBA) Weekly Application Survey shows that purchase activity rose 5.3% with an even higher year-over-year the week of May 29.
The ongoing economic and virus challenges didn’t stop housing demand which boasted a rise in home-buying activity compared to last year. A big part of the increase is the record low in mortgage rates. The Primary Mortgage Market Survey’s 30-year fixed-rate mortgage shows a decrease by 5 basis points which keeps the ongoing record low.
The survey shows that home purchase applications have been increasing for five consecutive weeks. In fact, the National Home Builders Association (NAHB) predicts that the housing industry will be a leading sector when it comes to the country’s economic recovery. Fannie Mae reports, “the refinance volume of applications is poised to reach a 17-year high as it forecasts mortgage rates to tumble further.”
The HMI, which indicates builders’ confidence, showed a sturdy gain in May. According to the current National Association of Home Builders/Wells Fargo Housing Market Index (HMI) when it comes to newly-built single-family homes builder confidence rose seven points to 37 last month. The HMI index also showed an increase in sales conditions to 42, a 46 for the component measuring sales expectations in the next six months and 21 for the measure charting traffic of prospective buyers.
Across the regions the HMI scores’ monthly average increased 7 points in the Midwest to 32, in the South, it rose eight points to 42 and in the West a 12 point increase to 44. The only region which saw a decrease was the Northeast which fell 2 points to 17.
Click Here For the Source of the Information.
Click Here For the Source of the Information.
Click Here For the Source of the Information.
Sunset at the Landing
Free Concert Series
Where: Riverside Park by the Bogue Falaya River
At the South End of Columbia Street
Columbia St. Landing
100 N. Columbia St.
Covington LA 70433
When: July 17, 2020
6pm-9pm
Free Admission!
985-892-1873
gottaluvcov@covla.com
Click Here for More Information.
When: Canceled
Where: Madisonville Riverfront
Water Street
Madisonville, LA 70447
What: Free Event!
The National Home Builders Association (NAHB) has seen a new housing trend with the COVID-19 pandemic. The latest quarterly NAHB Home Building Geography Index (HBGI) found that residential construction is growing faster in lower density markets.
“We expect the virus could affect future housing preferences for those currently living in the hardest-hit, high-density environments like central cities and that housing demand will continue to increase in medium- and low-density communities,” said NAHB Chairman Dean Mon.
“The first quarter HBGI data reveals that construction growth expanded over the last year more quickly in low population density areas than high-density regions,” said NAHB Chief Economist Robert Dietz. “This trend will continue as households seek out single-family homes further from urban cores, particularly as telecommuting continues in greater numbers.”
The report reveals that proximity and affordability were two of the biggest catalyst in the shift. People are now second-guessing living in metropolitan areas after the public health crisis hit. During the COVID-19 pandemic, metro residents were more vulnerable because of the crowded living conditions, mass transit, insufficient health and public sector infrastructure. Builders are starting to look outside of metropolitan areas where the land is cheaper and there are more building opportunities.
“The HBGI data is consistent with the fact that housing costs are increasing fastest in large metro suburban counties and smaller metro areas with populations under 1 million where demand for housing is high but supply constraints are tight,” said NAHB Chief Economist Robert Dietz. “Supply-side issues that are hurting affordability and raising costs for builders include excessive regulations, labor shortages, rising material costs and a dearth of buildable lots in mid- to high population centers.”
All national economic geographies in the country showed a 9.1% growth increase in the suburbs over a one-year moving average. In the education and health services sector (EHS), 4% made up the total single construction and made up close to twice the growth rate in the multifamily construction over the past year. The HBGI also found that the education and health services sector was the top quartile of counties and totaled 25.7% above the total employment sectors.
Click Here For the Source of the Information.
Click Here For the Source of the Information.
Featuring artisans and crafters in Covington.
Christmas in July
When: July 25, 2020
Where:Coquille Park and Recreational Center
13505 LA-1085
Covington, LA 70433
What: $5 Admission fee/children under 13 are free
Click Here For More Information.
There are thousands of animals at the show in Slidell.
HERPS Exotic Reptile & Pet Show
When: Postponed
Where:Northshore Harbor Center
100 Harbor Center Blvd.,
Slidell, LA 70460
What: $10 – $15
Click Here For More Information.
Slidell Fireworks
Where: Slidell Heritage Park
1701 Bayou Lane
Slidell, LA 70458
When: Canceled
$10/person (ages 13 & up)
$5 (children)
FREE for ages 3 & under
Click Here for More Information.
