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Residential construction jobs slowly return

Housing Wire

Presented by: Nomis Solutions. With housing inventory reaching a new all-time low the week ending November 28, according to a Redfin report , an increase in new homes, would clearly be welcome. Transportation and warehousing now had 210,000 more jobs than its pre-pandemic level.

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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. Transportation and warehousing services peaked around 150 in May of 2022 and has fallen slightly in most proceeding moths, landing at 130 last December.

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Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

Although housing inventory is beginning to increase, demand continues to exceed supply even as mortgage rates have spiked,” Mike Frantantoni, the Mortgage Bankers Association’s SVP, said in a statement. Presented by: Auction.com. higher than its pre-pandemic level.

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What Biden’s infrastructure plan does for housing

Housing Wire

Presented by: Proctor Loan Protector. ” Other elements of the American Rescue Plan include $621 billion toward transportation infrastructure, $400 billion for elderly and disabled care, $300 billion into drinking water and electric grid improvements, and $580 million invested into domestic manufacturing.

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Can we still avoid a recession?

Housing Wire

I discussed this with the Conference Board earlier this year as I presented my six recession red flag model to them. In addition, prices paid for transportation of products from China to the U.S. Now, this stressful aspect of transportation costs is gone and the fear of a downturn in the freight industry is taking hold.

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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.

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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. For beach enthusiasts and aficionados of water sports, the city presents an ideal playground.

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