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LIBOR is being phased out in 2021. What now?

Housing Wire

Mortgage lenders are preparing for the end of LIBOR , which is set to be phased out by the end of 2021. It’s similar to comparing a bike to a car – they both are different modes of transportation, and it’s better than having no bike or no car.”. The post LIBOR is being phased out in 2021. appeared first on HousingWire.

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Marcia Fudge will be the first sitting HUD secretary to visit Japan

Housing Wire

.” Secretary Fudge is also slated to meet with the Minister of Land, Infrastructure, Transportation and Tourism (MLIT), Tetsuo Sait?, million in 2021 — which is much larger than the population of New York City, the largest city in the U.S., million residents in 2021. million residents in 2021.

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In July, job openings declined to pre-pandemic level

Housing Wire

job openings fell in July, declining to an early 2021 level. million with a rate little changed at 2.3% — this is its lowest since the start of 2021. By contrast, job openings increased in information, transportation, warehousing and utilities. The number of job openings edged down to 8.8 million in July from 9.17

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Residential construction jobs slowly return

Housing Wire

In 2021, the message became clear: mortgage lenders must adapt to survive. The lion’s share of the month’s employment growth came in the professional and business services (90,000 jobs), and transportation and warehousing (50,000 jobs), sectors. Transportation and warehousing now had 210,000 more jobs than its pre-pandemic level.

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Job gains exceed expectations in December

Housing Wire

While this is below the job growth in 2021 and 2022, when the economy was rebounding from the sharp job losses in 2020, it is still a much higher pace of job growth than we had before the pandemic,” Bright MLS Chief Economist Lisa Sturtevant said in a statement. With December’s numbers in, a total of 2.7 million jobs were added to the U.S.

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Cavco to acquire competitor Solitaire Homes

Housing Wire

The acquisition includes four manufacturing facilities, 22 retail locations and transportation operations. In 2021, the company’s pro-forma earnings totaled $16.5 In 2021, the New Mexico and Mexico facilities produced around 1,600 homes. Cavco is funding the acquisition with cash on hand in its entirety.

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Mortgage rates fall as labor market normalizes

Housing Wire

Even with the massive miss on a job report in May 2021, I didn’t waver. Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing. Job openings rose as high as to 12 million and are currently over 9 million. percent, the U.S.

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