Housing Share of GDP Steady During Third Quarter

By Housing
Thanks to a surge in residential investment during 2020, housing’s share of GDP remains elevated compared to recent years. Last year’s market conditions involved a renewed focus on the importance of home, an evolving geography of housing demand, and a lack of for-sale inventory. Housing has continued to expand in 2021, although as the rest of the economy recovers, the housing… Read More ›

East Baton Rouge: Stormwater Utility Fee

By Advocacy

East Baton Rouge Parish Metropolitan Council will vote at it’s next meeting to approve or deny the authorization for the Mayor-President to execute a contract for professional services with Black & Veatch Management Consulting, LLC in connection with a utility development study.

Kelvin Hill, East Baton Rouge Parish’s Assistant Chief Administrative Officer, reported current efforts of Department of Public Works maintenance at a recent council meeting.

To learn more about the municipalities that have approved a fee, review this study by Black & Veatch.

Please contact melissa@hbagbr.org for more information.

Builders/Developers attend Stormwater Training

By Advocacy

Leaders from Baton Rouge’s Department of Public Works (BRDPW) joined builders and developers for a discussion on best practices for construction site stormwater management. Our Association continues to work with BRDPW to bring consistency and clarity to the stormwater inspection process. We are committed to being a part of the solution to ensure our industry can keep building and manage stormwater effectively and efficiently.

The presentation included specific examples and can be viewed here.

Please contact melissa@hbagbr.org for more information.

Desire for Homeownership Cools

By Housing
After hitting a low of 10% in the first quarter of 2020, the share of adults planning a home purchase within a year rose for five consecutive quarters, peaking at 17% in the second quarter of 2021.  The desire for homeownership cooled off in the third quarter, when the share slid back to 16%. Meanwhile, the share of prospective buyers… Read More ›