College students squeezed by a massive housing shortage and rising rents are living in motels, commuting long distances or sleeping in their cars.
Housing starts jumped 5.0 percent to a seasonally adjusted annual rate of 1.350 million units last month, the Commerce Department said on Tuesday. That was the highest level since July 2007. Data for April was revised slightly to show starts falling to a rate of 1.286 million units instead of...
The US housing shortage might be coming to an endMark Fleming
a public rating on the corporate scale that will apply to the issuer's debt issued in the taxable cross-border markets. 1. See Moody's Investors Service Global Credit Research, The Evolving Meaning of Moody's Bond Ratings, August 1999. 2. The database used to conduct Moody's bond default...
Database Administrators and Architects 149,300 10,200 Information Security Analysts 168,900 16,800 Network and Computer Systems Administrators 339,900 19,800 Web Developers and Digital Designers 216,700 19,000 The latest labor statistics bring major concerns about the talent shortage. The numbe...
According to data from Deutsche Bank Research, U.S. investors’ home purchase rates are at a record high – which could be a positive sign for the housing market. “With declining mortgage rates … they’re searching for a better return for their money,” Lawrence Yun, chief economist and...
Second, the boom of the early 2000s was also driven by a surge in home construction that led to abundant supply. But there’s been a building shortage over the last 10 years, especially in cities with high demand. The result is a supply-demand mismatch that can’t be resolved quickly ...
Council Member Sara Nelson who cast the lone dissenting vote agreed with opponents calling the ordinance “a reckless, harmful solution to a problem for which we have no data or research.” “This could generate more anti-Hindu discrimination and could dissuade employers from hiring South Asians,...
Goldman Sachs believes that the high inflation data released recently is only a special phenomenon; currently, several factors driving the downward trend in the inflation rate are still stable. First, housing costs are likely to be rising at a slower pace, and the impact on overall inflation may...
In 2022, builders completed 1.4 million homes, according to Census data.2That was short of the 1.8 million new families that formed that year, Zillow researchers said, citing Census data. The housing shortage has hurt homebuyers bypushing up prices to record levels. It’s also hit renters har...