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2023 industry recession to be deeper than first forecast

Construction Enquirer

this year after economists at the Construction Products Association sharply downgraded forecasts for the second time. Falling private new housing combined with recent government delays to major infrastructure projects has prompted the spring forecast downgrade from a previously forecast 4.7% fall in output.

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How a Housing Shortage and High Prices Are Hurting the Middle Class

Pro Builder

How a Housing Shortage and High Prices Are Hurting the Middle Class. Fast-rising home prices and a meager housing supply are hurting middle-class and first-time buyers incapable of expanding their budgets to keep up with a 30% year-over-year price surge since the start of the COVID-19 pandemic in early 2020, according to Realtor.com. .

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When Can Buyers Expect an Improvement in Housing Affordability?

Pro Builder

When Can Buyers Expect an Improvement in Housing Affordability? Home prices are expected to fall by 8% in the year ahead, but according to Realtor.com, that doesn’t necessarily mean housing affordability is making a comeback. in May 2020, the group said. Thu, 11/17/2022 - 10:19. in October 2022 from 13.3%

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Housing Outlook: Is This a Recession … or Not?

Pro Builder

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

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2020 Builder of the Year: True Homes—a Culture Like No Other

Pro Builder

2020 Builder of the Year: True Homes—a Culture Like No Other. Wed, 12/02/2020 - 12:30. True Homes is Pro Builder 's 2020 Builder of the Year, in large part because of the home builder's purpose-driven company culture, which is yielding truly amazing results. I tell my team to consider that they’re building my mom’s house.

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Are We in Another Housing Bubble? Not Yet, Experts Say

Pro Builder

Are We in Another Housing Bubble? Home prices were already rising before the COVID-19 pandemic struck in early 2020, but with even greater demand and lower inventory over the past two years, the median existing house price has surged to over $350,000, according to The Washington Post. Housing Markets. New-Home Sales.

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Florida: A Warm Climate For Business Growth

Business Facilities

Business dollars go a lot farther in Florida given the state’s tax advantages, tax exemptions and no state personal income tax. Businesses thrive in this low-tax environment, and employees enjoy the benefit of no personal income tax. The local year-round population is expected to increase by more than 14 percent by the year 2020.

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