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Florida struggles with affordable housing despite bulking up construction

Housing Wire

Despite bolstering its construction activities and the availability of single-family homes , the state of Florida continues to endure shortages in its affordable housing stock that impact the workforce and retirees living on fixed incomes. The state is poised to pay more attention to the issues impacting its older residents.

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Florida has built 77,000 new homes in high-risk flood areas

Housing Wire

The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said. The construction figure in Florida far exceeds the next most prominent states. The acceleration of extreme weather events has only made things worse.

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Tariff news sends mortgage rates to the lowest level of 2025

Housing Wire

This week has been eventful, and tomorrow is Jobs Friday. One important data point that we consistently monitor in the jobs report released on Friday which plays a vital role in my recession model is the number of residential construction workers. Mortgage rates have reached their low point of the year.

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NAHREP launches National Hispanic Construction Alliance

Housing Wire

The National Association of Hispanic Real Estate Professionals is launching a new trade organization to support Latino construction businesses and workers in building capacity, access to capital and creating business opportunities for its members. of construction workers compared to 18.5% Hispanics represent 27.7%

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November jobs report shows a still-strong labor market

Housing Wire

Todays report shows a strong labor market, but the employment picture has been a little bumpy over the past few months, as weather events and large labor strikes have complicated the outlook, Lisa Sturtevant, the chief economist at Bright MLS , said in a statement.

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Manufactured Homes and the Affordable Housing Shortage

Appraisal Buzz

Hes got some ideas that could transform the construction industry and help get millions of new, high-quality homes built much faster. At The Appraisal Buzzcast, we host weekly episodes with leaders and experts in the appraisal industry about current events and relevant topics in our field. Listen to find out how.

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In leaving rates alone, the Fed hides behind solid labor market

Housing Wire

With the loss of manufacturing jobs in 2024, private sector payroll growth is at risk if the next interest rate sector breaks, particularly residential construction jobs. Overall, it wasnt a very exciting Fed meeting or press event, but it touched on some of the key points for the housing market.

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