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Mortgage rates fall after remarks by Fed President Waller

Housing Wire

” Residential construction workers are at risk of facing job losses for the first time in this recovery yet the Fed often takes a hawkish stance in its statements at key points, which tends to drive mortgage rates higher. It’s not falling.” ” message.

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Here’s why we won’t build millions of new homes

Housing Wire

A lower Fed funds rate can assist with land purchases and apartment construction, but that process would take considerable time before we see any development. The key takeaway from today’s housing data is that there simply isn’t enough demand to justify additional construction — at least as far as the builders are concerned.

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Would you trust a robot to help grandma age in place? You might need to

Housing Wire

A group of academics at Japans Chiba University aimed to find out just how receptive older populations in three countries would be to the idea of robots providing in-home care services, according to an article from Robotics and Automation News based on a study in the journal Nature. There are other aspects that the study aimed to account for.

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Did new home sales really just crash?

Housing Wire

In this recent article , I explain why we won’t build millions of new homes anytime soon. However, it’s important to understand that housing starts are currently at recession levels because mortgage rates are too high to encourage new housing construction. History suggests that this may not happen.

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Boston suburb works to comply with new state multifamily construction law

Housing Wire

The town of Newton, Massachusetts is working to comply with a new state law that requires the construction of new multifamily housing units in areas served by public transit, according to reporting from the Boston Globe. Some apartments have been constructed in recent years, but the construction level has been low.

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Can 3D printing impact affordable housing stock? HUD thinks so

Housing Wire

Department of Housing and Urban Development (HUD) visited the University of Alaska at Fairbanks to tout the possibilities that 3D printing technology could bring to the construction of affordable housing in the U.S. A key goal for the project includes the deployment of local and sustainable resources for construction materials.

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To avoid recession, the Fed needs a housing comeback

Housing Wire

One key data line that is flagging a path to recession is the loss of residential construction workers. A while back, HousingWire Editor in Chief Sarah Wheeler and I discussed the risk of recession due to a lack of construction labor. Let’s look at today’s residential construction report and see where we are. From the U.S.