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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. in 2023 and 1.2%

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Nevada: The Forecast Calls For Sunshine And Growth

Business Facilities

Henderson—Nevada’s second-largest city—has the highest per capita income of any city in Nevada, 19 percent higher than the U.S. Read: Nevada: The Forecast Calls For Sunshine And Growth at BusinessFacilities.com.

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Real Estate Investment Trusts (REITs): Understanding the Construction Connection

Construction Marketing

Real Estate Investment Trusts (REITs) are owners, operators, and financers of income-generating real estate properties. The primary purpose of a REIT is to generate income for its investors through rental income, capital gains, or both. As such, it may lead to higher rental income and property values.

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Home Prices Are Rising Four Times Faster Than Incomes Across the U.S.

Pro Builder

Home Prices Are Rising Four Times Faster Than Incomes Across the U.S. In the past year alone, home prices have risen four times faster than incomes across the U.S., In significantly "overvalued" housing markets like Boise and Phoenix, Zandi forecasts a 5% to 10% home price drop. Tue, 06/21/2022 - 10:40. Market Data + Trends.

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What One Housing Expert Has To Say About the Current State of the Market

Pro Builder

Mortgage rates are rising and home sales are slowing down, but according to the National Association of Realtors' senior economist and director of forecasting, a full-blown correction is within reach. Elevated mortgage rates are pricing out a larger share of buyers and causing a substantial reduction of home sales activity nationwide.

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

Pro Builder

Buyers with a household income between $75,000 and $100,000 are limited to roughly 51% of total homes listed for sale, compared with 58% in 2019. Those with household incomes between $50,000 and $75,000 found even less availability with a total of 165,280 affordable homes, and as supply dwindles, prices are on the rise. . “Due

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How Low Will Home Prices Go?

Pro Builder

A new Goldman Sachs housing forecast points toward stalled price growth in 2023, but some metros are already seeing substantial declines. The most recent price outlook forecasts an average 0% growth in 2023, though large declines are still unlikely. How Low Will Home Prices Go? Tue, 09/06/2022 - 09:55.