The annual job revisions data was released today, which showed that 911,000 jobs that were supposedly created from March 2024 to March 2025 were removed from the books. The estimates were for 818,000 jobs to be lost in this report, so it came in worse than expected. Lower job growth has been a theme recently, […]
911,000 jobs cut in latest revisions. Is the Fed already too late? Read More »
The total value of U.S. homes has climbed to a record $55.1 trillion, although growth has cooled in the past year amid high housing costs. That figure represents a $20 trillion increase since early 2020 and an $862 billion gain over the past year, according to an analysis released Monday by Zillow. But while the
US housing market value hits record $55T, but growth is slowing Read More »
Los Angeles will make $387 million available for affordable housing projects — reportedly the largest single funding round in the city housing department history. Applications for the funds opened Sept. 5 and close Oct. 20. Eligible applicants include nonprofit and for-profit developers, community land trusts, limited equity housing cooperatives, public entities and other organizations, the
Los Angeles ‘mansion tax’ fuels record affordable housing funding Read More »
Now that jobs week is over, we are all left with one truth: it really is about the labor market over inflation data when it comes to mortgage rates, which hit a fresh year-to-date low after Friday’s terrible jobs numbers. The question now is whether mortgage rates can drop below 6% and stay there with
Can mortgage rates get below 6% with this Federal Reserve? Read More »
More than two dozen organizations will present cutting-edge housing and building solutions on the National Mall in Washington, D.C., this weekend during the U.S. Department of Housing and Urban Development (HUD)’s annual Innovative Housing Showcase. The event, established by then-HUD Secretary Ben Carson in 2019, is scheduled for Sept. 6–10. “HUD is proud to champion
HUD Innovative Housing Showcase begins Saturday Read More »
Although modular construction has been a long-time construction option, advancements in technology, data and automation are making it more viable at scale, according to recent research from McKinsey & Co., which analyzed more than 700 companies in 50 countries. The data draws on interviews conducted by McKinsey with more than 20 global executives. Its database
Modular construction advancements could help address the housing shortage Read More »
Americans are moving less in 2025, with overall migration still well below pre-pandemic levels, according to a new report from Bank of America Institute. The number of people who are moving remains significantly lower than before the pandemic – down almost 20% in the first quarter of 2025 compared to the first quarter of 2020,
Migration slows under pressure of rate lock-in, cooling job market Read More »
U.S. Reps. Sam Liccardo, D-Calif., and Mike Flood, R-Neb., introduced legislation Tuesday aimed at making it easier for cities to use federal money to build affordable housing. The Unleashing Needed Local Options to Construct and Keep Housing (UNLOCK) Act would loosen restrictions on how municipalities spend Community Development Block Grant (CDBG) funds. Efforts stem from
New bill aims to ‘unlock’ affordable housing funding Read More »
Mortgage rates reached another new low for 2025 on Thursday morning after a weak ADP jobs report caused bond yields to dip slightly ahead of the significant jobs report that will be released on Friday. Current 30-year fixed mortgage rates are at 6.45% according to Mortgage News Daily, marking an 11-month low. Mortgage rates reached
Mortgage rates drop to 11-month low after weak ADP jobs print Read More »
For years, doom-and-gloom headlines have hyped a looming “housing crash.” But the data, demographics, and long-term trends tell a very different story. The United States isn’t teetering on the edge of collapse — it’s standing at the threshold of what we are calling a 25-year surge: a generational housing boom unlike anything we’ve seen before.
The 25-year housing surge and why the boom is just beginning Read More »