June Job Openings and Monetary Policy Considerations The construction labor market is cooling off as economic activity slows in response to tighter monetary policy per the latest job openings data. Read More Eye On Housing https://eyeonhousing.org/2022/08/june-job-openings-and-monetary-policy-considerations/
Read MoreDay: August 17, 2022
Builders Rethink Future Plans
Builders Rethink Future Plans With fewer new homes coming to the market throughout this year and next, affordability will continue to plague the housing market as low inventory will keep prices from falling substantially… Read More Zillow https://www.zillow.com/research/july-housing-starts-31340/
Read More8/18/2022 – MetroIntelligence Economic Update by P. DUFFY
MetroIntelligence Economic Update by P. DUFFY Builder confidence slips 6 points to 49, lowest level since May 2020 Builder confidence in the market for newly built single-family homes fell six points in August to 49, marking the first time since May 2020 that the index fell below the key break-even measure of 50. All three HMI components posted declines in August and each fell to their lowest level since May 2020. Current sales conditions dropped seven points to 57, sales expectations in the next six months declined two points to…
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