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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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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. Meanwhile, retail trade, mining, quarrying, oil and gas extraction, manufacturing, wholesale trade, information, and financial activities posted fewer jobs in February. month over month to $34.57 and were up 4.3%

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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

High inflation has reduced consumers’ purchasing power, which has led to weakened sales and construction across all 12 Federal Reserve districts. While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said.

Inventory 387
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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

On the other hand, the four restaurant workers would still need to spend monthly payments for rent, food, transportation, and insurance. We expect a nationwide drop in home values as home inventory continues to shrink and we start to feel the economic impact of last year’s mishaps. How Is My Neighborhood Doing? Buyers Beware?

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Appraising Factory-Built Houses

Appraisal Today

For example, certain houses can be constructed for 50% less than a similar-sized site-built home, making quality housing more affordable for thousands of Americans. Factory-built house is a term that refers generally to a number of house types that are constructed or fabricated, at least in part, off site. percent from 6.37

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Florida’s 10 Best Suburban Retreats with the Most Urban Perks

Empire Appraisal Group

Venice: a prime choice for suburban living with urban perks Nestled along the picturesque Gulf Coast, Venice is a prime choice for those seeking to elevate their family lifestyle, as nearly half of the housing inventory comprises single-family homes. retail establishments. Construction is evolving at a rapid pace, with 14.4

Retail 78
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How Real Estate Appraisers look at Market Analysis

Valuation Nation

Even with the higher rates the shortage of inventory has not allowed prices to start tapering down, yet. Inventory levels. REO and Short Sale Inventory. Where is larger MSAs with public transportation and many live-and-work communities that exist, automobiles are not a requirement in every market. Long term rentals.