The ultimate solution for the labor shortage will not be found by slowing worker demand, but by recruiting, training and retaining skilled workers. The construction labor market saw little change in June.
Ayershomes.comnahb.org/blog/2023/08/c… via @NAHBhome
Housing prices are trending upward this year partially because rate hikes suppress the supply of housing.
How High Mortgage Rates Fuel Inflation wsj.com/articles/how-h…
Active #housing listings in mid Florida up 87.6% from a year ago in November. New listings in mid Florida down 13.6% from a year ago. Makes me think demand has dropped off but also supply is down because people with low interest rates are staying put.
calculatedrisk.substack.com/p/2nd-look-at-…
#housingsupply remains low in part because current homeowners are locked into an historically low interest rate. Many homeowners are choosing to stay put rather than give up a sub 3% mortgage rate. This will provide support to house prices.
…webview-generator-prod.sc.onservo.com/webview/SB1055…
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