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US homebuilders and developers experienced tightening credit conditions in Q1; net easing index on NAHB survey fell to -2.3 from 9.7 in Q4 while Fed Index fell to -4.7 from 10.3, first time both measures show tightening credit conditions since mid-2020

Around 56.9% of new, existing US homes sold in Q1 were affordable to families earning US median income of US$90,000, up from 54.2% in Q4; building material supply-disruptions, labor shortages and high inflation leading to deteriorating conditions: NAHB

Toll Brothers, CrossHarbor Capital Partners form JV to develop multifamily rental community in Stamford, Connecticut financed with US$94M construction loan facility; 777 Summer to consist of 355 units, high-end luxury finishes, best-in-class amenities

Meritage Homes named EPA Energy Star Partner of the Year - Sustained Excellence Award Winner for ninth time; delivered 12,801 Energy Star-certified homes, double-certified all new home builds started during year under Energy Star, Indoor airPLUS programs

KB Home named EPA Energy Star Partner of the Year - Sustained Excellence Award Winner for 12th straight year; KB Home has built over 165,000 Energy Star-certified homes, reducing homeowners' utility bills by US$856M and CO2 emissions by 6.3 billion pounds

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