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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

Mortgage 326
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Are we seeing cracks in the labor market?

Housing Wire

Here are my three key points on the labor market recovery since I retired my COVID-19 recovery model on Dec. Employment continued growing in government, health care, social assistance, and construction, while transportation and warehousing lost jobs. Does this mean the labor market is breaking? 9, 2020: 1.

Marketing 494
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Job gains exceed expectations in December

Housing Wire

Even though the headline jobs numbers beat estimates, the internals of the jobs report show that the labor market is slowing down,” HousingWire Lead Analyst Logan Mohtashami said. “We Job gains occurred mainly in government, health care, social assistance and construction in December, while transportation and warehousing posted fewer jobs.

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

Housing Wire

Though all signs point to a cooling labor market overall, the economy picked up another 275,000 jobs in February. The jobs report on Friday is unlikely to convince the Fed that rate cuts are necessary when the Federal Open Markets Committee meets later this month, economists said. Job openings were essentially unchanged at 8.9

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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

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? Construction Sites Will Stay on Schedule. After months of paperwork and organizing teams, many experts believe the allocated funding will start positively affecting the real estate market. construction sites.