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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. Index values for most construction inputs are down from 2022 but remain above pre-pandemic levels. That could set the backdrop for a slower pace of construction.

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What another strong jobs report means for the mortgage industry

Housing Wire

Job gains were most notable in the health care (+72,000), government (+71,000) and construction (+39,000) sectors. Meanwhile, mining, quarrying, oil and gas extraction, manufacturing, wholesale trade, transportation and warehousing, information, and financial activities posted fewer jobs in March. month over month to $34.69

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Strong jobs report suggests rate cuts won’t come ‘til summer

Housing Wire

Job gains occurred mainly in health care, government, food services, social assistance, transportation and warehousing. In February, employment continued to trend up in construction, adding 23,000 jobs month over month. “Job seekers are taking longer to find work, and the number of job switchers has declined.” and were up 4.3%

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Are we seeing cracks in the labor market?

Housing Wire

Employment continued growing in government, health care, social assistance, and construction, while transportation and warehousing lost jobs. From BLS : Total nonfarm payroll employment increased by 216,000 in December, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today.

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Modular vs Manufactured-There IS a Distinction

Town & Country Residential Appraisals

First we must understand that the term “mobile home” is obsolete and refers to transportable homes constructed prior to June 30, 1976. The major distinction between a modular and manufactured home- the standard to which they are constructed. Manufactured homes are built 100% off site and constructed on the chassis.

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Can You Get a Mortgage for a Tiny Home?

Assurance Financial

However, tiny houses can come with big challenges for financing since their small size makes them ineligible for many mortgage and insurance plans. Get ahead of the game and learn how to finance your tiny home with Assurance Financial. How to Finance a Tiny Home Build. Construction Loans.

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New Year, New You: Transforming Your Appraisal Career in 2023

McKissock

The top five non-QM lending companies (according to Scotsman Guide) are Fairway Independent, Angle Oak lending, Guaranteed Rate, CoreVest Finance, and Acra Lending. In this position, you will need to have a sound understanding of finances, marketing, and facilities operations, as well as lease terms and leasing practices.