New Study: Propane Outpaces Electric For Carbon Footprint In Trucks

WASHINGTON, Jan. 26, 2021 /PRNewswire/ — A new comparative analysis out today analyzes the carbon footprint of medium-duty and heavy-duty (MD-HD) engine vehicles powered by propane and electricity. The analysis,

WASHINGTON, Jan. 26, 2021 /PRNewswire/ — A new comparative analysis out today analyzes the carbon footprint of medium-duty and heavy-duty (MD-HD) engine vehicles powered by propane and electricity. The analysis, Decarbonization of MD-HD Vehicles with Propane, found that propane-fueled MD-HD internal combustion engine vehicles provide a lower carbon footprint solution in 38 U.S. states and Washington, D.C., when compared to MD-HD electric vehicles (EVs) charged using the electrical grid.

Fifteen states and Washington, D.C., have proposed full electrification of medium- and heavy-duty trucks by 2050 with a target of 30 percent «zero-emission» vehicle sales by 2030. The rationale behind the proposals is based on the dubious assumption that the electrical grid will be fully decarbonized by that time. Likewise, policy based on exhaust carbon dioxide (CO2eq) emissions alone as opposed to life-cycle analysis results misses the full picture. As a result, policy proposals today conflate the promise of electrification with actual decarbonization.

The comparative analysis also reveals that MD-HD vehicles powered by renewable propane provide a lower carbon footprint solution in every U.S. state except Vermont where electricity is generated by, and imported from, Canadian hydroelectric power plants. Renewable propane is derived from sources such as beef fats, vegetable oils, grease residue, and other biomass feedstocks.

Moreover, the analysis shows that decarbonization can be accelerated by adopting propane as the fuel of choice for MD-HD vehicles. The conclusion is supported by a life-cycle analysis of equivalent CO2eq emissions between electric and propane-fueled vehicles across the U.S. using CARB carbon intensity values along with a powertrain efficiency analysis.

«It’s often assumed that full electrification of all sectors will lead to their full decarbonization, but little thought on how electricity is currently generated, stored, transmitted, and consumed has been considered,» said the author Dr. Gokul Vishwanathan, director of research & sustainability at the Propane Education & Research Council. «While a fully renewable-based electric grid is not feasible anytime soon, propane is an effective solution today for accelerating decarbonization of transportation and other energy sectors.»

The comparative analysis presented the following decarbonization recommendations:

  • All 50 states should aggressively invest resources in incentivizing renewable fuels.
  • Federal government agencies, particularly the Department of Energy, should aggressively invest in various parallel pathways for renewable and synthetic fuel production to ensure supply.
  • The U.S. should aggressively pursue immediately available decarbonization efforts using alternative fuels such as propane and dimethyl ether (DME) rather than wait on grid infrastructure improvements that are decades away from realization.

About PERC: The Propane Education & Research Council is a nonprofit that provides leading propane safety and training programs and invests in research and development of new propane-powered technologies. PERC is operated and funded by the propane industry. For more information, visit Propane.com.

Contact:          

David Gibbs representing PERC

dgibbs@hahnpublic.com

 

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SOURCE Propane Education & Research Council

PRO Unlimited and Eightfold AI Announce Exclusive Partnership to Bring AI and Diversity & Inclusion to Modern Workforce Management

SAN FRANCISCO, Jan. 26, 2021 /PRNewswire/ — PRO Unlimited, the pioneer and leading modern workforce management solution provider in the industry, announced today an exclusive partnership with…

SAN FRANCISCO, Jan. 26, 2021 /PRNewswire/ — PRO Unlimited, the pioneer and leading modern workforce management solution provider in the industry, announced today an exclusive partnership with Eightfold AI, a talent intelligence pioneer and leader. Under the terms of the partnership, PRO will embed Eightfold’s AI technology into its contingent workforce management platform, including SaaS solutions, such as Wand Vendor Management System (VMS), Direct Sourcing and Diversity and Inclusion (D&I) offerings, to optimize its customers’ contingent hiring practices. Eightfold’s AI-driven talent intelligence, coupled with PRO’s 30 years of data and technology, will also increase the power of PRO’s contingent workforce management platform. It will enable the Global 2000 to more effectively and intelligently identify, engage and secure the best contingent talent in the world, while attaining diversity goals.  

As the economy rebounds, organizations will be hiring contingent workers ahead of the recovery while prioritizing areas within hiring, such as retention and D&I initiatives. However, many organizations lack the ability to harness machine-based learning, data and intelligence to not only source the best candidates, but also to drive their businesses forward. Eightfold AI’s talent intelligence and PRO’s contingent workforce management platform, including the world’s largest global market rate data repository, aim to solve this problem, which is one of the biggest pain points for companies today. 

PRO will embed Eightfold’s AI technology into its software to provide customers with features that enable more informed hiring, diversity and redeployment of workers anywhere in the world. This real-time matching and ranking of candidates drives faster, smarter hiring decisions at scale. This helps organizations secure the best talent, while reducing costs and increasing D&I. Managers eager to reduce manual tasks and increase efficiency will be able to more quickly and effectively identify candidates that align with a job’s requirements. Leading-edge job calibration capabilities and intuitive UI design offer these managers an easy, at-a-glance way to compare candidates side-by-side based on unbiased empirical data.

Using Eightfold AI’s technology, PRO will also be able to offer direct sourcing to its customers. This dramatically improves the experience that contingent specialty-skilled, white-collar workers go through during the hiring process, and will ultimately improve the Global 2000’s contingent worker brands. 

«Today, the modern workforce is massive, with roughly 43% of all skilled white-collar workers being contingent vs. full-time employees. Many organizations are aggressively and strategically pushing that number to 50% or 60% while simultaneously shifting to more and more diverse candidates. Within this expanding workforce segment, there is a huge opportunity to harvest the enormous amount of PRO’s data, deploy world-class machine-based learning to that data, and ultimately utilize it to make the process, quality, intelligence and cost of this massive modern workforce far superior than it is today,» said Kevin Akeroyd, CEO of PRO Unlimited. «We are excited to partner with a company that uses industry-leading AI technology to truly understand a candidate’s skill set or D&I attributes while generating recommendations to help inform hiring decisions.» 

Akeroyd added: «This is truly a game changer for our space. It will transform how our customers, which include some of the largest brands globally, source, develop and redeploy their workforces while lowering costs. Partnering exclusively in the contingent industry with this innovative talent intelligence company is something we are incredibly excited about.»

Eightfold AI’s talent intelligence platform brings together billions of anonymized data points, algorithms and domain expertise to make a reliable, scalable impact for enterprise organizations. The platform combines internal data with publicly available insights to predict future roles, as well as identify validated skills, likely skills and missing skills – speeding up the process substantially. Its AI technology uses the career paths of more than one billion profiles. This results in 90% less time screening, 80% faster time to interview, 70% more top candidates, 60% lower cost to hire, and due to its gender/anonymous evaluations, 0% bias. This is critical as Eightfold’s demographic-masking capabilities and its unique diversity analytics help block the biases in traditional hiring, understand barriers for candidates and create accountability. With the addition of the Eightfold partnership, PRO will offer an unparalleled suite of diversity offerings for the contingent workforce. 

«Partnering with PRO Unlimited is perfectly aligned with our mission of providing the right career to everyone in the world,» said Ashutosh Garg, Founder and CEO of Eightfold AI. «Together, we are able to bring Eightfold’s unique expertise and capability working with full-time employment to an entirely new, critical segment of customers in the rapidly growing, strategic, contingent workforce space.»

PRO’s embedding of Eightfold AI’s technology will roll out initially in Q1 2021 and iterate rapidly, driving continuous improvement and value creation, and be available for all PRO customers. 

About PRO Unlimited
PRO Unlimited offers the industry’s most comprehensive and holistic platform for contingent workforce management, and helps organizations around the world address the costs, risks and quality issues associated with managing the non-employee workforce. PRO’s platform consists of integrated SaaS software and services solutions that are built on the world’s most robust contingent workforce data set, spanning over 30 years. A pioneer and innovator in the industry, PRO’s platform provides solutions for the procurement and management of contingent labor, global rate intelligence, direct sourcing, 1099/co-employment risk management, third-party payroll, and diversity and inclusion. http://www.prounlimited.com

About Eightfold AI

Eightfold AI® delivers the Talent Intelligence Platform™, the most effective way for organizations to retain top performers, upskill and reskill the workforce, recruit top talent efficiently, and reach diversity goals. Eightfold AI’s deep learning artificial intelligence platform empowers enterprises to turn talent management into a competitive advantage. For more information, visit www.eightfold.ai

 

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SOURCE PRO Unlimited

TrueCar Forecasts New and Used Retail Sales Up Slightly Year-Over-Year for January 2021, While Fleet Recovery Drags

SANTA MONICA, Calif., Jan. 26, 2021 /PRNewswire/ — TrueCar, Inc. projects total new vehicle sales will reach 1,048,975 units in January 2021, down 4.4% from a year ago when adjusted for the same number of selling days. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 15.9…

SANTA MONICA, Calif., Jan. 26, 2021 /PRNewswire/ — TrueCar, Inc. projects total new vehicle sales will reach 1,048,975 units in January 2021, down 4.4% from a year ago when adjusted for the same number of selling days. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 15.9 million units. Excluding fleet sales, TrueCar expects U.S. retail deliveries of new cars and light trucks to be 880,552 units, an increase of 0.4% from a year ago when adjusted for the same number of selling days. Used vehicle sales for January 2021 are expected to reach 3.2 million, up 1% from a year ago and up 10% from December 2020. 

«Entering 2021 with retail sales in line with last year is a big win for the automotive industry,» said Nick Woolard, Lead Industry Analyst at TrueCar. «However, while retail sales have rebounded, rental fleets remained depressed and continue to interrupt fleet sales. . As a result, fleet sales are struggling to come back to pre-pandemic levels and are driving total unit sales down.»

«The automotive industry continues to reap the benefits of continued strength in retail demand with lower incentive spend. A handful of brands such as Ford, Genesis, GMC, Ram and Toyota, appear to be in the coveted quadrant of both retail growth as well as incentive decline. This is mostly driven by new product and being in the right segments or a combination of the two,» added Woolard.

Average transaction prices (ATP) are projected to be up 4.2% or $1,509 from a year ago and down 4.5% or $1,759 from December 2020. TrueCar projects that U.S. revenue from new vehicle sales will reach approximately $39 billion for January 2021, down 4.4% (based on a non-adjusted daily selling rate) from a year ago and down 38.2% from last month.

«Average transaction prices have finally come down from the record-setting highs we saw last month, but are still higher than this time last year.  Of the bigger manufacturers, only Kia has an average transaction price below $30,000. We expect this trend to continue as consumers desire pricier trucks and SUVs,» said Alain Nana-Sinkam, Vice President of Industry Insights at TrueCar. «As new vehicle prices rise, we may see more price-conscious shoppers gravitate back towards smaller segments or the used car market due to growing concerns around affordability.»

Additional Insights (forecast by TrueCar):

  • Total retail sales for January 2021 are expected to be up 0.4% from a year ago and down 28.6% from December 2020 when adjusted for the same number of selling days.
  • Fleet sales for January 2021 are expected to be down 23.7% from a year ago and up 8% from December 2020 when adjusted for the same number of selling days.
  • Average transaction price is projected to be up 4.2% or $1,509 from a year ago and down 4.5% or $1,759 from December 2020.
  • Total SAAR is expected to decrease 5.5% from a year ago from 16.8 million units to 15.9 million units.
  • Used vehicle sales for January 2021 are expected to reach 3.2 million, up 1% from a year ago and up 10% from December 2020.
  • The average interest rate on new vehicles is 5.6% and the average interest rate on used vehicles is 8.1%.

January 2021 forecasts for the 13 largest manufacturers by volume. For additional data, visit the TrueCar Newsroom.

Total Unit Sales

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YoY % Change

YoY % Change

(Daily Selling Rate)

MoM % Change

MoM % Change      (Daily Selling Rate)

BMW

18,358

21,156

45,594

-13.2%

-9.6%

-59.7%

-53.0%

Daimler

15,405

24,111

35,436

-36.1%

-33.4%

-56.5%

-49.3%

Ford

143,106

156,041

208,007

-8.3%

-4.5%

-31.2%

-19.7%

GM

199,403

208,032

295,536

-4.1%

-0.2%

-32.5%

-21.3%

Honda

85,958

101,625

136,467

-15.4%

-11.9%

-37.0%

-26.5%

Hyundai

40,423

44,143

69,388

-8.4%

-4.6%

-41.7%

-32.0%

Kia

36,151

40,355

53,764

-10.4%

-6.7%

-32.8%

-21.6%

Nissan

67,641

80,698

98,638

-16.2%

-12.7%

-31.4%

-20.0%

Stellantis

124,961

135,239

202,371

-7.6%

-3.7%

-38.3%

-28.0%

Subaru

40,624

46,285

63,558

-12.2%

-8.6%

-36.1%

-25.4%

Tesla

26,156

22,350

26,950

17.0%

21.9%

-2.9%

13.2%

Toyota

169,836

166,973

251,256

1.7%

6.0%

-32.4%

-21.1%

Volkswagen Group

39,705

45,377

70,175

-12.5%

-8.9%

-43.4%

-34.0%

Industry

1,048,975

1,143,027

1,619,907

-8.2%

-4.4%

-35.2%

-24.5%

Retail Unit Sales

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YoY % Change

YoY % Change

(Daily Selling Rate)

MoM % Change

MoM % Change      (Daily Selling Rate)

BMW

17,885

19,578

44,801

-8.6%

-4.8%

-60.1%

-53.4%

Daimler

15,086

22,516

34,711

-33.0%

-30.2%

-56.5%

-49.3%

Ford

111,163

106,861

169,545

4.0%

8.4%

-34.4%

-23.5%

GM

150,681

147,866

256,921

1.9%

6.1%

-41.4%

-31.6%

Honda

85,485

100,679

135,896

-15.1%

-11.6%

-37.1%

-26.6%

Hyundai

35,967

36,720

60,849

-2.0%

2.0%

-40.9%

-31.0%

Kia

32,392

33,393

51,764

-3.0%

1.0%

-37.4%

-27.0%

Nissan

52,674

57,436

81,068

-8.3%

-4.5%

-35.0%

-24.2%

Stellantis

98,062

100,485

167,109

-2.4%

1.7%

-41.3%

-31.5%

Subaru

38,383

43,618

61,188

-12.0%

-8.3%

-37.3%

-26.8%

Tesla

26,144

22,350

26,941

17.0%

21.8%

-3.0%

13.2%

Toyota

143,997

140,984

222,710

2.1%

6.4%

-35.3%

-24.6%

Volkswagen Group

38,243

40,303

69,128

-5.1%

-1.2%

-44.7%

-35.5%

Industry

880,552

913,238

1,437,992

-3.6%

0.4%

-38.8%

-28.6%

Fleet Unit Sales

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YoY % Change

YoY % Change

(Daily Selling Rate)

MoM % Change

MoM % Change      (Daily Selling Rate)

BMW

472

1,578

793

-70.1%

-68.8%

-40.5%

-30.5%

Daimler

319

1,595

725

-80.0%

-79.2%

-56.0%

-48.7%

Ford

31,943

49,180

38,462

-35.0%

-32.3%

-17.0%

-3.1%

GM

48,722

60,166

38,615

-19.0%

-15.6%

26.2%

47.2%

Honda

473

946

571

-50.0%

-47.9%

-17.2%

-3.3%

Hyundai

4,456

7,423

8,539

-40.0%

-37.5%

-47.8%

-39.1%

Kia

3,759

6,962

2,000

-46.0%

-43.8%

87.9%

119.3%

Nissan

14,966

23,262

17,570

-35.7%

-33.0%

-14.8%

-0.6%

Stellantis

26,900

34,754

35,262

-22.6%

-19.4%

-23.7%

-11.0%

Subaru

2,241

2,667

2,370

-16.0%

-12.5%

-5.4%

10.3%

Tesla

12

9

30.6%

52.4%

Toyota

25,839

25,989

28,546

-0.6%

3.6%

-9.5%

5.6%

Volkswagen Group

1,462

5,074

1,047

-71.2%

-70.0%

39.7%

63.0%

Industry

168,423

229,789

181,915

-26.7%

-23.7%

-7.4%

8.0%

Fleet Penetration

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YoY % Change

MoM % Change

BMW

2.6%

7.5%

1.7%

-65.5%

47.9%

Daimler

2.1%

6.6%

2.0%

-68.7%

1.2%

Ford

22.3%

31.5%

18.5%

-29.2%

20.7%

GM

24.4%

28.9%

13.1%

-15.5%

87.0%

Honda

0.6%

0.9%

0.4%

-40.9%

31.5%

Hyundai

11.0%

16.8%

12.3%

-34.4%

-10.4%

Kia

10.4%

17.3%

3.7%

-39.7%

179.5%

Nissan

22.1%

28.8%

17.8%

-23.2%

24.2%

Stellantis

21.5%

25.7%

17.4%

-16.2%

23.5%

Subaru

5.5%

5.8%

3.7%

-4.3%

47.9%

Tesla

0.0%

0.0%

0.0%

34.6%

Toyota

15.2%

15.6%

11.4%

-2.3%

33.9%

Volkswagen Group

3.7%

11.2%

1.5%

-67.1%

146.9%

Industry

16.1%

20.1%

11.2%

-20.1%

43.0%

Total Market Share

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

BMW

1.8%

1.9%

2.8%

Daimler

1.5%

2.1%

2.2%

Ford

13.6%

13.7%

12.8%

GM

19.0%

18.2%

18.2%

Honda

8.2%

8.9%

8.4%

Hyundai

3.9%

3.9%

4.3%

Kia

3.4%

3.5%

3.3%

Nissan

6.4%

7.1%

6.1%

Stellantis

11.9%

11.8%

12.5%

Subaru

3.9%

4.0%

3.9%

Tesla

2.5%

2.0%

1.7%

Toyota

16.2%

14.6%

15.5%

Volkswagen Group

3.8%

4.0%

4.3%

Retail Market Share

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

BMW

2.0%

2.1%

3.1%

Daimler

1.7%

2.5%

2.4%

Ford

12.6%

11.7%

11.8%

GM

17.1%

16.2%

17.9%

Honda

9.7%

11.0%

9.5%

Hyundai

4.1%

4.0%

4.2%

Kia

3.7%

3.7%

3.6%

Nissan

6.0%

6.3%

5.6%

Stellantis

11.1%

11.0%

11.6%

Subaru

4.4%

4.8%

4.3%

Tesla

3.0%

2.4%

1.9%

Toyota

16.4%

15.4%

15.5%

Volkswagen Group

4.3%

4.4%

4.8%

Average Transaction Price (ATP)

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YOY

MOM

BMW

$58,473

$57,090

$59,710

2.4%

-2.1%

Daimler

$61,867

$60,853

$61,087

1.7%

1.3%

Ford

$43,580

$42,543

$44,354

2.4%

-1.7%

GM

$41,852

$39,522

$43,735

5.9%

-4.3%

Honda

$30,740

$29,220

$30,959

5.2%

-0.7%

Hyundai

$31,273

$28,324

$30,477

10.4%

2.6%

Kia

$28,204

$25,647

$28,137

10.0%

0.2%

Nissan

$30,068

$29,351

$29,965

2.4%

0.3%

Stellantis

$42,886

$40,590

$43,259

5.7%

-0.9%

Subaru

$30,564

$30,032

$30,789

1.8%

-0.7%

Toyota

$34,995

$33,379

$35,321

4.8%

-0.9%

Volkswagen Group

$43,040

$40,787

$42,920

5.5%

0.3%

Industry

$37,330

$35,821

$39,089

4.2%

-4.5%

Incentive Spending

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YOY

MOM

BMW

$4,687

$5,812

$5,233

-19.4%

-10.4%

Daimler

$4,187

$6,246

$4,438

-33.0%

-5.7%

Ford

$3,925

$4,926

$4,464

-20.3%

-12.1%

GM

$5,537

$5,673

$4,971

-2.4%

11.4%

Honda

$2,862

$2,520

$2,455

13.6%

16.6%

Hyundai

$2,281

$3,092

$2,536

-26.2%

-10.0%

Kia

$2,605

$3,686

$2,999

-29.3%

-13.1%

Nissan

$4,062

$4,842

$4,586

-16.1%

-11.4%

Stellantis

$5,284

$5,027

$4,681

5.1%

12.9%

Subaru

$1,512

$1,244

$1,505

21.5%

0.5%

Toyota

$2,466

$2,679

$2,755

-8.0%

-10.5%

Volkswagen Group

$3,754

$4,407

$4,256

-14.8%

-11.8%

Industry

$3,839

$4,151

$3,869

-7.5%

-0.8%

Incentives as a Percentage of Average Transaction Price (ATP)

Manufacturer

Jan 2021 Forecast

Jan 2020 Actual

Dec 2020 Actual

YOY

MOM

BMW

8.0%

10.2%

8.8%

-21.3%

-8.5%

Daimler

6.8%

10.3%

7.3%

-34.1%

-6.8%

Ford

9.0%

11.6%

10.1%

-22.2%

-10.5%

GM

13.2%

14.4%

11.4%

-7.8%

16.4%

Honda

9.3%

8.6%

7.9%

8.0%

17.4%

Hyundai

7.3%

10.9%

8.3%

-33.2%

-12.3%

Kia

9.2%

14.4%

10.7%

-35.7%

-13.3%

Nissan

13.5%

16.5%

15.3%

-18.1%

-11.7%

Stellantis

12.3%

12.4%

10.8%

-0.5%

13.9%

Subaru

4.9%

4.1%

4.9%

19.4%

1.2%

Toyota

7.0%

8.0%

7.8%

-12.2%

-9.7%

Volkswagen Group

8.7%

10.8%

9.9%

-19.3%

-12.0%

Industry

10.3%

11.6%

9.9%

-11.2%

3.9%

(Note: This forecast is based solely on TrueCar, Inc.’s analysis of industry sales trends and conditions and is not a projection of TrueCar, Inc.’s operations.)

About TrueCar
TrueCar is a leading automotive digital marketplace that enables car buyers to connect to our nationwide network of Certified Dealers. We are building the industry’s most personalized and efficient car buying experience as we seek to bring more of the purchasing process online. Consumers who visit our marketplace will find a suite of vehicle discovery tools, price ratings, and market context on new and used cars – all with a clear view of what’s a great deal. When they are ready, TrueCar will enable them to connect with a local Certified Dealer who shares in our belief that truth, transparency, and fairness are the foundation of a great car buying experience. As part of our marketplace, TrueCar powers car-buying programs for over 250 leading brands, including AARP, Sam’s Club, and American Express. Nearly half of all new-car buyers engage with TrueCar powered sites, where they buy smarter and drive happier. TrueCar is headquartered in Santa Monica, California, with offices in Austin, Texas, and Boston, Massachusetts.

For more information, please visit www.truecar.com, and follow us on Facebook or Twitter. TrueCar media line: +1-844-469-8442 (US toll-free) | Email: pr@truecar.com 

TrueCar PR Contacts:
Shadee Malekafzali
shadee@truecar.com
424.258.8694

Tanya Kohan
tkohan@truecar.com
714.425.6319

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SOURCE Truecar, Inc.

Black and Hispanic Americans on the U.S. financial system: «The odds were always against me,» new Credit Sesame survey finds

SAN FRANCISCO, Jan. 26, 2021 /PRNewswire/ — Black and Hispanic Americans are being hit harder by the credit system, a recent survey from Credit Sesame finds. With poor credit impacting more than just one’s financial picture—it can affect everything from a consumer’s mental health to their ability to get a car loan…

SAN FRANCISCO, Jan. 26, 2021 /PRNewswire/ — Black and Hispanic Americans are being hit harder by the credit system, a recent survey from Credit Sesame finds. With poor credit impacting more than just one’s financial picture—it can affect everything from a consumer’s mental health to their ability to get a car loan or lease a cell phone—this racial credit gap comes at a high cost.  

According to the research, which surveyed 5,000 adults in the United States, Black Americans report having the lowest overall credit scores of the groups surveyed. More than half (54 percent) of Black Americans report having poor or fair credit (a credit score below 640) or no credit at all, while 41 percent of Hispanic Americans, 37 percent of White Americans and 18 percent of Asian Americans fall into this category.

Black Americans are also at a disadvantage when it comes to financial products, savings and debt. Over half (53 percent) of Black Americans say they are living paycheck to paycheck, significantly higher than 44 percent of Americans overall, and many more Black Americans (21 percent) say they have student loans compared to the rate among all Americans (13 percent). Just 53 percent of Black Americans report having a credit card—a critical component for helping to build a strong credit foundation when used correctly—compared to 63 percent of Hispanic Americans, 67 percent of White Americans, and 79 percent of Asian Americans.

«I was never taught [about finances] growing up,» said a Black American survey respondent. «I was told investing was only what rich people could do.»

Asian Americans, in contrast, say they are thriving in the credit system. More than 80 percent of Asian Americans have a good or excellent credit score (a credit score above 640), significantly higher than the national average of 61 percent. Additionally, 92 percent of this group reported having a positive or neutral experience with their credit.

«While the credit system was created to be blind, this data shows that Black and Hispanic Americans are being unfairly shut out of the system,» said Jay Moon, General Manager of Credit at Credit Sesame. «We’ve seen that the cost of poor credit is much more than financial, impacting everything from mental health to relationships. It’s unacceptable that this is affecting the lives of some more than others.»

The credit score itself is only part of the story—many feel like they are inherently at a disadvantage within the credit system. Hispanic Americans feel nearly as slighted by the system as Black Americans. Nearly a third of Black Americans (30 percent) and a quarter of Hispanic Americans (25 percent) say they never had a chance to build good credit and that the system was stacked against them from the beginning. Further:

  • Thirty percent of Black Americans and 27 percent of Hispanic Americans say they were misinformed or tricked in their first interactions with credit, compared to 18 percent among White Americans and 15 percent among Asian Americans.
  • Twenty-one percent of Black Americans, 17 percent of Hispanic Americans and 16 percent of White Americans say financial services exist to hurt them, significantly higher than Asian Americans (9 percent).
  • Nearly 1 in 3 Black and Hispanic Americans (30 percent) say there aren’t fair credit options for people like them, significantly higher than among White Americans (26 percent) and Asian Americans (23 percent).
  • Over a third of Black Americans (34 percent) and Hispanic Americans (32 percent) are fearful and uncertain about the future because of their credit score compared to 27 percent White Americans and 20 percent Asian Americans.

One survey respondent said: «As an African American person, I feel that the odds were always against me. Banks won’t give us loans, etc.» A Hispanic American survey respondent added: «I was misinformed about credit and the way that it works. The odds were never in my favor from the beginning.»

«Creating equal credit opportunity is a critical first step toward helping to close the racial gap in our society, and it’s promising to see so many fintechs recognize this,» said Moon. «Whether it’s creating products explicitly for these underserved groups or providing more ways to access credit and resources, the important thing is to make progress.»

Methodology
Credit Sesame conducted this research using an online survey prepared by Method Research and distributed by Dynata among n=5,000 adults in the United States. The sample was balanced by census targets for age, gender and ethnicity to be nationally representative of the US population. Data was collected from October 16 to October 30, 2020. 

About Credit Sesame
Credit Sesame’s mission is to help consumers work toward financial stability and ultimately create better opportunities for themselves and their families. Strong credit health is inextricably linked to financial health and stability, and with the launch of Sesame Cash, Credit Sesame will help consumers manage both. Credit Sesame has helped millions of consumers improve their credit scores, increase their approval odds, lower the cost of credit and save money. Credit Sesame is funded by leading venture capital firms and strategic investors, including Menlo Ventures, Inventus Capital, Globespan Capital, IA Capital Groups, NortonLifeLock, Capital One Ventures, and Stanford University, among others. Credit Sesame currently operates in the U.S. and Canada. For more information on Credit Sesame, visit www.creditsesame.com and follow on Facebook, Twitter and LinkedIn.

 

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SOURCE Credit Sesame

Anago Cleaning Systems Welcomes New Master Franchise in Denver, Colorado

DENVER, Jan. 26, 2021 /PRNewswire/ — Anago Cleaning Systems, an industry-leading commercial cleaning franchise with over 1,700 Regional and Unit Franchises throughout the U.S. and Canada, announced its newest franchise owners in Denver,…

DENVER, Jan. 26, 2021 /PRNewswire/ — Anago Cleaning Systems, an industry-leading commercial cleaning franchise with over 1,700 Regional and Unit Franchises throughout the U.S. and Canada, announced its newest franchise owners in Denver, Colorado. Father and son team, Dante and Alex Caravaggio will lead the Anago unit franchise expansion in the Centennial State.

Denver continues to be one of the fastest growing cities in the US as businesses and entrepreneurs continue to invest in Colorado. As the COVID-19 pandemic continues, Anago of Denver is positioned to remain on the frontlines, keeping businesses as disinfected and safe as possible until the virus is controlled and stopped. Like all businesses, Anago experienced a slow-down in the early months of the pandemic but recovered quickly with specialized disinfecting services emerging as the most requested cleaning program.

«Dante and Alex are exemplary Master Franchise owners, each bringing unique business, finance and leadership qualities and experience to the Anago family,» said Adam Povlitz, CEO & President of Anago Cleaning Systems. «We’re excited to continue offering Denver-based entrepreneurs the opportunity to own their own Anago commercial cleaning unit franchise.»

When discussing the Master Franchise model, Dante Caravaggio said, «Unit franchise opportunities are a wonderful way to step into the world of business ownership. We have met several extremely successful unit franchise owners who have reaped the benefits for over 20 years. While we do our best to provide unit franchise owners the tools and support needed to succeed, the success of their business is ultimately on them. A unit franchise can be as large or small as they choose to be.»

Both engineers in the oil and gas industry with more than 50 years combined experience, Dante and Alex have found a new passion working side-by-side.

«This is an opportunity for my father and I to work together in a business,» said Alex Caravaggio. «We saw that Anago had a recession-resistant model that provided several revenue streams to ensure better business stability. Anago’s reputation, stability and performance within a recession-proof industry is something I feel very confident in continuing to build and offer in the Denver metroplex area.» 

Anago Cleaning Systems is a pioneer of the franchise system for both master and unit franchises, which allows successful mid-career professionals to operate their own exclusive regional franchises, while allowing small businesses to invest in their success. Both levels simply focus on running their business while Anago Cleaning Systems provides assistance, guidance, and critical tools to grow.

The Anago Denver office is located at 9101 Harlan St #310, Westminster, CO 80031 and can be reached by calling 720-694-8931. To explore Regional franchise opportunities with Anago, contact Judy Walker, Senior Vice President of Marketing, at 800-213-5857 or judy@anagocleaning.com or visit http://www.AnagoMasters.com.

About Anago Cleaning Systems

Anago Cleaning Systems is an international commercial cleaning franchise brand. Utilizing the Master Franchise System, Anago supports over 45 Master Franchisees and over 1,700 Unit Franchisees.  Founded in 1989, Anago has set the worldwide standard in business support and structure for local and regional companies to provide unparalleled cleaning services to businesses of all kinds. Anago was ranked #33 overall by Entrepreneur magazine in its latest Franchise 500® ranking. For further information, visit its website at AnagoMasters.com.

Press Contact: Perry Athanason/TopFireMedia/ 289962@email4pr.com /917-319-2126.

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SOURCE Anago Cleaning Systems

New Conservative Textbook Program by the S.A.P.I.E.N.T. Being

CORONA, Calif., Jan. 26, 2021 /PRNewswire/ — For too long, conservatives have failed to pass on their sapient values to the next generation. To correct this travesty, the SAPIENT Being’s World of Writing Warriors (WOWW) Program, utilizing 50 essential textbooks for the 2020 decade covering the most contentious and critical MADNESS topics, is publishing their first five textbooks this year, with titles as follows:

  • Fake News Madness: A SAPIENT Being’s Guide to…

CORONA, Calif., Jan. 26, 2021 /PRNewswire/ — For too long, conservatives have failed to pass on their sapient values to the next generation. To correct this travesty, the SAPIENT Being’s World of Writing Warriors (WOWW) Program, utilizing 50 essential textbooks for the 2020 decade covering the most contentious and critical MADNESS topics, is publishing their first five textbooks this year, with titles as follows:

  • Fake News Madness: A SAPIENT Being’s Guide to Spotting Fake News Media and How to Help Fight and Eliminate It.
  • Crime Rate Madness: A SAPIENT Being’s Guide to the Color of Crime, Antifa, BLM, SPLC & OSF Impacts on Criminal Justice.
  • Voting Madness: A SAPIENT Being’s Guide to Revealing How Seriously the Democratic Party is Stealing Elections.
  • Trump Madness: A SAPIENT Being’s Guide to Why Fighting Politics as Usual Can Cure Governing Madness.
  • Free Speech Madness: A SAPIENT Being’s Guide to Detecting Free Speech Suppression and How to Fight and Eliminate It.

The SAPIENT Being believes the future is not yet written. It’s up to us—you and me—to save America one mind at a time.

Intellectual humility, viewpoint diversity, freedom of speech, and a strong and maturing self that is always a work in progress; these are the necessary ingredients for a free society, shared progress, and becoming a sapient being.

Many Americans hope that as young people mature, they will inevitably come to the realization that radical groups, socialist programs, and Marxist ideas hurt those they claim to help—that history proves time and again. Sadly—this is no longer happening due to the overwhelming liberal influence and leftist bias in the classroom, the curriculum, and academia.

Also, as noted by Dennis Prager at Prager U, the left-wing propaganda machine continues well past high school and college graduation. Social and mainstream media censorship, progressivism’s cancel culture, and outright threats toward conservatives make it hard for young people to break free of the «woke mob.»

If we don’t act now, it’s only a matter of time before the mob’s oppressive and dysfunctional policies overtake all of America. If sapience doesn’t prevail and prevent this from happening—our liberties, institutions, and way of life are at risk of being lost forever.

The SAPIENT Being, along with other like-minded organizations who understand the many blessings to humankind that are the direct result of American exceptionalism, Western European culture, and Judeo-Christian values—will not stand idly for this happen.

As Dennis Prager alarmingly states, «I refuse to be forever labeled as the generation that lost America.»

At the SAPIENT Being, we hope you agree with this proclamation, and help us double our efforts—no, triple them—by using and implementing these textbooks where possible. Armed with facts, the truth, and wisdom from here on out—we can commit to educating our youth with unequalled sapience and altruistic principles for the long haul.

To learn more about the Society Advancing Personal Intelligence & Enlightenment Now Together (S.A.P.I.E.N.T.) Being, become a WOWW and textbook sponsor or partner, please contact Corey Lee Wilson, CEO of the SAPIENT Being at 951-638-5562, 289841@email4pr.com, or www.sapientbeing.org.

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SOURCE S.A.P.I.E.N.T. Being LLC

Vulog raises $31 million from the European Investment Bank and its existing investors

PARIS, Jan. 26, 2021 /PRNewswire/ —

EIB, a strategic partner for Vulog’s latest funding

Three years after announcing a $20 million USD financing round, Vulog has raised another $31 million USD from the European Investment Bank (EIB) and its current investors. The EIB is one of the world’s main financers of climate action projects. It invests in, among other things, initiatives aiming to reduce carbon emissions,…

PARIS, Jan. 26, 2021 /PRNewswire/ —

EIB, a strategic partner for Vulog’s latest funding

Three years after announcing a $20 million USD financing round, Vulog has raised another $31 million USD from the European Investment Bank (EIB) and its current investors. The EIB is one of the world’s main financers of climate action projects. It invests in, among other things, initiatives aiming to reduce carbon emissions, including the offering of cleaner transportation solutions.

 

Vulog Logo

 

Multiplying successful operations across the globe

Vulog has established itself as the preferred technology partner for large mobility players, whether they are OEMs, insurance providers, rental operators, or energy companies. The upward trend is set to continue for the company in 2021. Eight new mobility projects are set to launch in the first three months of the year, including an exciting new mobility service expected to launch soon in New York City.

Vulog provides the answers for a transforming mobility market

As a backdrop to this financing announcement, the increasing public awareness of the current climate emergency highlights the need for the public and private sectors to rapidly deploy mobility solutions that are green and inclusive.

Vulog’s platform has evolved from a carsharing platform to an all-encompassing ecosystem of tools covering all on-demand mobility needs, no matter the vehicle type (cars, bikes, scooters, mopeds, vans, etc.), target market (B2C and B2B) or use case (instant access, scheduled booking, subscription, or monthly mobility plan).

«We are very happy to announce additional financing coming from both the EIB and our existing investors,» said Gregory Ducongé, Vulog’s CEO. «This new support from the EIB confirms its confidence in Vulog’s important role in the transformation of mobility on a global scale. Our mission is clear: reduce the number of individually-owned vehicles in cities. To accomplish this, we deliver tech solutions that act as the backbone of market offerings that are green, convenient, and economical for individuals and organizations. We also provide a robust suite of operational tools, most of which are either AI-driven or rely on smart workflows to guide consumer-facing companies towards optimized and profitable operations.»

A word from Vulog’s investors

«We’re thrilled to continue supporting Vulog, and this latest round of financing will enable the company to continue its market leadership in the shared mobility space. The company’s ongoing success with mobility operators and automotive OEMs is a testament to its positive impact on the future of sustainable mobility.»
Fabrice Bienfait, Partner, ETF Partners

«It has never been more critical for fleet owners and operators to modernise and adapt, with the future of transportation being increasingly driven by smart and flexible mobility services. Vulog technology is at the forefront of this revolution, with mobility operators benefiting greatly from their powerful scalable platform and team expertise. We are excited by what the future holds for Vulog, as they are perfectly positioned in this global and thriving market.»
Ivo Němejc, Investment Director and Vice Chairman of the Board of Directors, Inven Capital

«This latest round of funding is proof of our dedicated support to companies whose objectives are based on implementing concrete actions to reduce our carbon footprint, specifically those belonging to industries that yield high CO2 missions such as transportation. We are convinced that a change in this regard cannot happen without innovative technology which is key to the fight against climate change. This is why we continue to support Vulog – a true French Tech gem – who is a leader when it comes to sustainability. We share the same goals and vision of a future where shared, electric, and multimodal mobility is the norm.»
Gilles Schang, Deputy Managing Director Echotechnology, BpiFrance

«The automotive industry is in the middle of a monumental transition from manufacturing fossil-fuelled cars to providing mobility services of electric vehicles,» said Mike Reid, Senior Partner at Frog Capital. «Vulog is at the absolute centre of this change, now a scale player relied upon by a growing list of the industry’s largest players that already includes Volkswagen, Stellantis, Kia, and more to be announced soon. With a Vulog-enabled vehicle being used every 2 seconds, Vulog’s AI platform is the B2B market leader and on track to becoming a world force in mobility while contributing towards making the planet a greener place for future generations. This is why we’re so proud to support companies like Vulog who are making a very positive impact on the world!»

About Vulog

Every two seconds, someone starts a trip on Vulog’s technology. Founded in 2006 in Nice, France, Vulog is the world’s leading new mobility technology provider. Its AiMA platform propels mobility services for the world’s leading OEMs (Volkswagen, Stellantis, Kia Motors, Mocean), as well as new mobility providers (Repsol, Sumitomo Corporation and British Columbia Automobile Association, among others). Vulog’s recent innovations include cutting-edge demand anticipation and forecasting tools, smart pricing and smart charging offerings, as well as various fleet management applications.

For more information: www.vulog.com.

Logo – https://mma.prnewswire.com/media/1197863/Vulog_Logo.jpg

Press Contact:

Katie Merx
katie@fosgardpr.com
+1-313-510-5090

Alexandra Lougovoy
alougovoy@vulog.com

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SOURCE Vulog

Jacksonville Selected as Pilot City for American Dream 2021: Showcase of Smart Homes

JACKSONVILLE, Fla., Jan. 26, 2021 /PRNewswire/ — House X today announced Jacksonville, Florida, as one of the 21 Pilot Cities to launch the American…

JACKSONVILLE, Fla., Jan. 26, 2021 /PRNewswire/ — House X today announced Jacksonville, Florida, as one of the 21 Pilot Cities to launch the American Dream 2021, expanding home ownership; featuring over 40,000 new, healthier, energy-efficient homes across the country valued at over $18 billion with up to $364 million in stimulus by providing home buyers free renewable energy and a discounted mortgage. 

The virtual home buying event is limited to selected markets in the United States — admission is free to consumers. Free stimulus incentives apply to all contracts executed from Jan. 27-April 15, 2021, for registered home buyers.

The Jacksonville Pilot includes: 

  • Over 2,098 new homes in over 208 communities with 663 homes ready for quick move-in
  • Renewable electricity at zero cost to registered home buyers 
  • 1% discounted mortgage for the first 12 months, followed by either 14 or 29 years of fixed-rate record-low mortgage rate on FDA conforming loans
  • Local Impact:
    • Potential reduction in carbon emissions — equivalent of removing 4,615 gas-powered cars off the road per year 
    • Potential free stimulus for renewable energy = $14.68 million going back into the local economy 

Experts Available for Interview:

  • House X: William Farrell, President
  • Delos: Paul Scialla, CEO and Founder 
  • RESNET: Ryan Meres, Program Director 
  • The MReport: Rachel Williams 

WHY: The purpose of the event is to expand home ownership by educating consumers on the advantages of smart, healthier, sustainable homes that are more efficient, lower carbon footprint and less expensive to own, operate, protect and maintain — lowering total cost of ownership. The home is more important than ever since the onset of the pandemic and the trend was a highlight at CES with smart home technology with a focus on hygiene, cleanliness, energy-efficiency and sustainability.

HOW:

  • The Smart Mortgage™: House X has partnered with a leading mortgage lender to create a special below-market mortgage; a one percent discounted mortgage for the first 12 months of a 15- or 30-year fixed rate conforming mortgage. 
  • The Healthier Home: In collaboration with Delos, every home buyer will receive a multi-room advanced air purification system for their new home upon move-in, helping reduce particles that carry airborne bacteria, viruses and allergens.
  • The Location Report™: Nothing will impact the financial picture of a home as much as its location. With custom insights available nowhere else, the House X Location Report reveals 300+ insights about any address in America. It is free to registered home shoppers.
  • The RESNET Home Energy Rating System (HERS) Index is the nationally recognized system for inspecting and calculating a home’s energy performance. Similar to a MPG sticker for cars, except for new homes.

WHEN: American Dream 2021 Pilot Program will include free stimulus incentives on fully executed purchase contracts between Jan. 27-April 15, 2021.

WHERE: American Dream 2021 is limited to home purchases in selected pilot cities available on HouseX.com. 

PILOT MARKETS:

CALIFORNIA

Los Angeles/Riverside Area 

Orange County 

Sacramento

San Diego Area

San Francisco

FLORIDA

Jacksonville

Orlando

Naples

Sarasota

Tampa 

Miami

GEORGIA

Atlanta

NORTH CAROLINA

Charlotte

Raleigh/Durham

PENNSYLVANIA

Philadelphia

TENNESSEE 

Nashville 

TEXAS

Austin

Dallas/Fort Worth

Houston

San Antonio

About House X:

House X World is a consumer-focused Smart Home Marketplace that empowers home enthusiasts with data and resources to make more informed decisions while making their home purchase and investing on the consumer’s behalf to make a home a smart home at zero cost to them. HOUSE X companies are consumer advocates and licensed realty organizations that exclusively represent home shoppers and buyers — not home sellers.  The company serves as the primary manager of American Dream Pilot Project. The executives of House X have over 40 years of experience in representing builders, developers, federal, state and local governments.

Related Images

house-x-logo.jpg

House X Logo

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SOURCE House X

Miami/Fort Lauderdale Selected as Pilot Market for American Dream 2021: Showcase of Smart Homes

MIAMI, Jan. 26, 2021 /PRNewswire/ — House X today announced Miami/Fort Lauderdale, Florida, as one of the 21 Pilot Markets to…

MIAMI, Jan. 26, 2021 /PRNewswire/ — House X today announced Miami/Fort Lauderdale, Florida, as one of the 21 Pilot Markets to launch the American Dream 2021, expanding home ownership; featuring over 40,000 new, healthier, energy-efficient homes across the country valued at over $18 billion with up to $364 million in stimulus by providing home buyers free renewable energy and a discounted mortgage.

The virtual home buying event is limited to selected markets in the United States — admission is free to consumers. Free stimulus incentives apply to all contracts executed from Jan. 27-April 15, 2021, for registered home buyers.

The Miami/Fort Lauderdale Pilot includes:

  • Over 1,950 new homes in over 147 communities with 110 homes ready for quick move-in
  • Renewable electricity at zero cost to registered home buyers
  • 1% discounted mortgage for the first 12 months, followed by either 14 or 29 years of fixed-rate record-low mortgage rate on FDA conforming loans
  • Local Impact:
    • Potential reduction in carbon emissions — equivalent of removing 4,290 gas-powered cars off the road per year
    • Potential free stimulus for renewable energy = $17.55 million going back into the local economy

Experts Available for Interview:

  • House X: William Farrell, President
  • Delos: Paul Scialla, CEO and Founder
  • RESNET: Ryan Meres, Program Director 
  • The MReport: Rachel Williams

WHY: The purpose of the event is to expand home ownership by educating consumers on the advantages of smart, healthier, sustainable homes that are more efficient, lower carbon footprint and less expensive to own, operate, protect and maintain — lowering total cost of ownership. The home is more important than ever since the onset of the pandemic and the trend was a highlight at CES with smart home technology with a focus on hygiene, cleanliness, energy-efficiency and sustainability.

HOW:

  • The Smart Mortgage™: House X has partnered with a leading mortgage lender to create a special below-market mortgage; a one percent discounted mortgage for the first 12 months of a 15- or 30-year fixed rate conforming mortgage.
  • The Healthier Home: In collaboration with Delos, every home buyer will receive a multi-room advanced air purification system for their new home upon move-in, helping reduce particles that carry airborne bacteria, viruses and allergens.
  • The Location Report™: Nothing will impact the financial picture of a home as much as its location. With custom insights available nowhere else, the House X Location Report reveals 300+ insights about any address in America. It is free to registered home shoppers.
  • The RESNET Home Energy Rating System (HERS) Index is the nationally recognized system for inspecting and calculating a home’s energy performance. Similar to a MPG sticker for cars, except for new homes.

WHEN: American Dream 2021 Pilot Program will include free stimulus incentives on fully executed purchase contracts between Jan. 27-April 15, 2021.

WHERE: American Dream 2021 is limited to home purchases in selected pilot cities available on HouseX.com.

PILOT MARKETS:

CALIFORNIA

Los Angeles/Riverside Area 

Orange County 

Sacramento

San Diego Area

San Francisco

FLORIDA

Jacksonville

Orlando

Naples

Sarasota

Tampa 

Miami

GEORGIA

Atlanta

NORTH CAROLINA

Charlotte

Raleigh/Durham

PENNSYLVANIA

Philadelphia

TENNESSEE 

Nashville 

TEXAS

Austin

Dallas/Fort Worth

Houston

San Antonio

About House X:

House X World is a consumer-focused Smart Home Marketplace that empowers home enthusiasts with data and resources to make more informed decisions while making their home purchase and investing on the consumer’s behalf to make a home a smart home at zero cost to them. HOUSE X companies are consumer advocates and licensed realty organizations that exclusively represent home shoppers and buyers — not home sellers.  The company serves as the primary manager of American Dream Pilot Project. The executives of House X have over 40 years of experience in representing builders, developers, federal, state and local governments.

Related Images

house-x-logo.jpg
House X Logo

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SOURCE House X

Dallas/Fort Worth Selected as Pilot Market for American Dream 2021: Showcase of Smart Homes

DALLAS, Jan. 26, 2021 /PRNewswire/ — House X today announced Houston, Texas as one of the 21 Pilot Markets to launch the American Dream 2021,

DALLAS, Jan. 26, 2021 /PRNewswire/ — House X today announced Houston, Texas as one of the 21 Pilot Markets to launch the American Dream 2021, expanding home ownership; featuring over 40,000 new, healthier, energy-efficient homes across the country valued at over $18 Billion with up to $364 million in stimulus by providing home buyers free renewable energy and a discounted mortgage. 

The virtual home buying event is limited to selected markets in the United States–admission is free to consumers. Free stimulus incentives apply to all contracts executed from January 27-April 15, 2021 for registered home buyers.

The Dallas/Fort Worth Pilot includes: 

  • Over 7,922 new homes in over 665 communities with 1,389 homes ready for quick move-in
  • Renewable electricity at zero cost to registered home buyers 
  • 1% discounted mortgage for the first 12 months, followed by either 14 or 29 years of fixed-rate record low mortgage rate on FDA conforming loans
  • Local Impact:
    • Potential reduction in carbon emissions–equivalent of removing 17,428 gas-powered cars off the road per year 
    • Potential free stimulus for renewable energy= $58.6 million going back into the local economy 

Experts Available for Interview:

  • House X: William Farrell, President
  • Delos: Paul Scialla, CEO and Founder 
  • RESNET: Ryan Meres, Program Director 
  • The MReport: Rachel Williams 

WHY: The purpose of the event is to expand home ownership by educating consumers on the advantages of smart, healthier, sustainable homes that are more efficient, lower carbon footprint and less expensive to own, operate, protect and maintain – lowering total cost of ownership. The home is more important than ever since the onset of the pandemic and the trend was a highlight at CES with smart home technology with a focus on hygiene, cleanliness, energy-efficiency and sustainability.

HOW:

  • The Smart Mortgage™: House X has partnered with a leading mortgage lender to create a special below-market mortgage; a one percent discounted mortgage for the first 12 months of a 15- or 30-year fixed rate conforming mortgage. 
  • The Healthier Home: In collaboration with Delos, every home buyer will receive a multi-room advanced air purification system for their new home upon move-in, helping reduce particles that carry airborne bacteria, viruses and allergens.
  • The Location Report™:  Nothing will impact the financial picture of a home as much as its location. With custom insights available nowhere else, the House X Location Report reveals 300+ insights about any address in America. It is free to registered home shoppers.
  • The RESNET Home Energy Rating System (HERS) Index is the nationally recognized system for inspecting and calculating a home’s energy performance. Similar to a MPG sticker for cars, except for new homes.

WHEN: American Dream 2021 Pilot Program will include free stimulus incentives on fully executed purchase contracts between January 27 – April 15, 2021.

WHERE: American Dream 2021 is limited to home purchases in selected pilot cities available on houseX.com. 

PILOT MARKETS:

CALIFORNIA

Los Angeles/Riverside Area 

Orange County 

Sacramento

San Diego Area

San Francisco

FLORIDA

Jacksonville

Orlando

Naples

Sarasota

Tampa 

Miami

GEORGIA

Atlanta

NORTH CAROLINA

Charlotte

Raleigh/Durham

PENNSYLVANIA

Philadelphia

TENNESSEE 

Nashville 

TEXAS

Austin

Dallas/Fort Worth

Houston

San Antonio

About House X:

House X World is a consumer-focused Smart Home Marketplace that empowers home enthusiasts with data and resources to make more informed decisions while making their home purchase and investing on the consumer’s behalf to make a home a smart home at zero cost to them.  HOUSE X companies are consumer advocates and licensed realty organizations that exclusively represent home shoppers and buyers – not home sellers.  The company serves as the primary manager of American Dream Pilot Project. The executives of House X have over 40 years of experience in representing builders, developers, Federal, State and local governments.

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SOURCE House X