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2025 labor market holds key for mortgage rates

Housing Wire

Employment trended up in health care, financial activities, transportation and warehousing, and social assistance. economy can withstand job losses in the government sector, reduced spending in the economy, and a housing market on the brink of losing residential construction projects. Bureau of Labor Statistics.

Marketing 366
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DataDigest: Construction costs easing for homebuilders

Housing Wire

New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. Index values for most construction inputs are down from 2022 but remain above pre-pandemic levels. That could set the backdrop for a slower pace of construction.

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Rethinking resident experience: Why consumer tech trends matter now more than ever 

Housing Wire

Industries like retail, banking, transportation and food service have undergone massive digital transformation in recent years by leveraging new technologies to enhance consumer experience. Meanwhile, nearly two-thirds of smartphone users use an app to manage their finances. Census Bureau.

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Boston suburb’s housing battle with state echoes national issues

Housing Wire

As localities across the country wrestle with housing shortages, one Massachusetts town will make its case to a panel of judges next week to argue against a plan that requires the construction of more multifamily units, according to reporting by USA Today and state records reviewed by HousingWire.

Law 432
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Building towards 2050: Ensuring affordable housing in an urbanized America

Housing Wire

To ensure affordable housing for all by 2050, innovative approaches to urban planning, financing, and policy must be explored. However, increased density presents challenges, such as the need for adequate infrastructure, transportation, and public services.

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What another strong jobs report means for the mortgage industry

Housing Wire

Job gains were most notable in the health care (+72,000), government (+71,000) and construction (+39,000) sectors. Meanwhile, mining, quarrying, oil and gas extraction, manufacturing, wholesale trade, transportation and warehousing, information, and financial activities posted fewer jobs in March. month over month to $34.69

Mortgage 356
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Strong jobs report suggests rate cuts won’t come ‘til summer

Housing Wire

Job gains occurred mainly in health care, government, food services, social assistance, transportation and warehousing. In February, employment continued to trend up in construction, adding 23,000 jobs month over month. “Job seekers are taking longer to find work, and the number of job switchers has declined.” and were up 4.3%