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Forbes Reports Record-Breaking Year for the U.S. Housing Market

Pro Builder

Housing Market. Though housing demand will likely remain high into 2022, more inventory and low interest rates could create a more balanced market, according to Forbes Business Council. As of December 2020, there was only a 1.9-month To combat this shortage, Freddie Mac estimated the market would need to add another 2.5

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Single-Family Built-for-Rent Inventory Jumps 50% From 2019

Pro Builder

Single-Family Built-for-Rent Inventory Jumps 50% From 2019. Built-for-rent homes are a way to add more affordable options to the housing stock, especially now as more Americans desire larger homes and single-family options, says the National Association of Home Builders. cbroderick. Fri, 02/19/2021 - 09:43. Read More. . Affordability.

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How the Skilled Labor Shortage Is Slowing New Home Development

Pro Builder

A national shortage of skilled construction labor is prolonging a housing crisis defined by low inventory and affordability. The NAHB is estimating that 740,000 workers will need to be hired each year for the next three years to keep up with market demand. percent in 2020. percent in 2019 to 10.9 Construction.

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Fed Economist Forecasts Uptick in Single-Family Construction

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The housing market may be slowing, but senior economist Jordan Rappaport predicts an upcoming surge in single-family home building . Fed Economist Forecasts Uptick in Single-Family Construction. Thu, 10/06/2022 - 10:24.

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Construction Job Openings Are Rising, but for How Much Longer?

Pro Builder

The total count of open construction jobs increased from a revised reading of 315,000 in March to 383,000 in April, but despite that monthly increase, construction sector job openings are slowing after reaching a data series high of 488,000 in December 2022, the National Association of Home Builders' Eye on Housing reports. in March to 4.6%

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Job Openings Are Falling as the Labor Market Slows

Pro Builder

economy, NAHB Eye on Housing reports. The count of open construction jobs rose from 353,000 in July to 407,000 in August, which, despite slowing housing data, is actually higher than the 362,000 estimate from a year ago. In April 2020, the layoff rate was 10.8%. million to 10.05 rate in August.

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How Long Did It Take to Be a Home Owner in 2021?

Pro Builder

in the second quarter of 2020, up from 64.1% Record housing price appreciation and low inventory is dominating news about the real estate market, but the latest U.S. in the second quarter of 2020, up from 64.1% We also consider the estimated time to homeownership in the 15 largest U.S. from a year before.

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