This Week: Housing Starts, Fed Policy Update, Slack Ipo

New home listings statewide increased nearly 24% in May compared to May 2023, creating a more balanced housing market, according to the latest market trends report from the Colorado Association of Realtors. “Over the past decade, Denver has averaged around 1.5 to 2 months of inventory, a moderate seller’s market,” said Denver-area realtor Cooper Thayer. In 2022, Denver experienced an extreme seller’s market with only two weeks of inventory. “Last month, for the first time since November 2012, there was 3.3 months of inventory in Denver, as over 1,700 new listings hit the market and only 1,013 sales closed,” Thayer said. “The current level of inventory is a strong indication that we are experiencing a balanced market for the first time in over a decade.” Buyers and sellers are better matched in negotiating power, Thayer said. “More than ever, sellers are providing concessions in transactions to assist with interest rate buydowns for buyers.

With more than 15 years of experience in health care, Melanie Rule most recently served as the director of medical education at Summa Health Systems in Akron, Ohio, where she pioneered inclusive practices. She has lived on Kauai since 2021.

PBN surveyed companies on this week's Lists.

According to the monthly visitor statistics report, a total of 753,551 visitors arrived in Hawaii during April.

Scottsdale-based microchip company Onsemi says it will lay off 1,000 workers and consolidating its global footprint as it seeks to cut costs.

Federal regulators are investigating how parts made with titanium that was sold with falsified quality documentation wound up in Boeing and Airbus passenger jets that were built in recent years. Boeing and Airbus said Friday that planes containing the parts are safe to fly, but Boeing said it was removing affected parts from planes that haven’t been delivered yet to airline customers. It will be up to regulators including the Federal Aviation Administration to decide whether any work needs to be done to planes that are already carrying passengers. The FAA said it is “investigating the scope and impact of the issue.” The agency said Boeing reported the problem covering material from a distributor “who may have falsified or provided incorrect records.” The FAA did not name the distributor. Boeing and Airbus declined to say how many planes were flying with parts made from the undocumented titanium. Spirit AeroSystems, which makes fuselages for Boeing planes and wings for Airbus jets, reported the falsified documents. “This is about titanium that has entered the supply system via documents that have been counterfeited,” Spirit spokesperson Joe Buccino said.