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DataDigest: Construction costs easing for homebuilders

Housing Wire

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. High mortgage rates and home prices quelled the surge in buyer demand, and time seems to have moderated the supply chain shocks.

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Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. The post Residential construction jobs now 7.6%

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May jobs report complicates things for the Fed

Housing Wire

Even though the pace of layoffs has picked up, many businesses, particularly in transportation, healthcare, and hospitality, continue to have strong demand for workers,” Mike Fratantoni , the Mortgage Bankers Association’s chief economist, said in a statement. Residential building construction added 2,400 jobs during the month.

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Will the Infrastructure Bill Affect the Real Estate Market?

Appraisal Buzz

Construction Sites Will Stay on Schedule. construction sites. About $17 billion will be used to strengthen ports that have suffered due to inflation, improving the supply chain for building and construction. You can pay attention to many indicators, but the recent infrastructure bill will reveal the most crucial information.

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Increase in COVID cases holding back employment numbers

Housing Wire

Private employment gains were largely driven by some of the industries hit hardest by the pandemic – with rises in transportation and warehousing (+145,000) and professional and business services (+60,000), as well as an increased demand for those in the health care sector (+104,000). below pre-pandemic February levels. census count.

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How to Conduct the Most Effective Columbus, Ohio Property Search

The Robert Weiler Company

Consider your desired demographic of customers or renters and buyers and which amenities they would desire; attractions such as restaurants, malls, community centers, family parks, beaches, etc. Tip 4: Tap into Transportation. Many buyers and renters worry about flood risk in today’s world. from 2010 to 2020. are a plus.

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Could the Race to Space Create New Housing Opportunities?

McKissock

If NAR’s prediction is correct, the space tech boom could also mean a housing boom, which would create opportunities for builders, buyers, and real estate agents alike. In fact, a quick glance at housing prices between 2000 and 2020 show percentage increases in the double and triple digits. So what does that mean for real estate?