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Not Just California: Hiring Outpaces Homebuilding

Not Just California: Hiring Outpaces Homebuilding “California builders filed permits for 1.1 million housing units from 2010 through 2022’s first quarter, according to U.S. Census Bureau stats. This might surprise you: It’s the third-largest homebuilding total nationwide behind Texas and Florida. In the same period, California bosses added 3.1 million more workers — No. 1…

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The Golden Rule is No Longer a Rule – More Like a Pipe Dream

The Golden Rule is No Longer a Rule – More Like a Pipe Dream “No state has an adequate supply of affordable housing for its lowest-income earners, but it’s no longer just the lowest-income earners who can’t afford to rent or buy. The nation is getting alarmingly close to needing half of all residents to…

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The Future of Middle-Class Housing

The Future of Middle-Class Housing Urban Pacific Note: Although the predominant conversation around affordable housing correctly focuses on families at or below 50% MAI, who have the highest rent burden, the rising burden on middle income families is becoming notable. “The future of the housing industry should and will begin to focus more fully on…

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The Economy is Great. The Middle Class is Mad.

The Economy is Great. The Middle Class is Mad. ”In the past year alone, home prices have leaped 20% and the cost of all goods is up 8.5%. Families are paying $3,500 more this year for the basic set of goods and services that the Consumer Price Index (CPI) follows than they did last year.…

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3 Charts That Show How Serious the Affordable Housing Crisis Really Is

3 Charts That Show How Serious the Affordable Housing Crisis Really Is The number of burdened households is expanding: “Rapid rent growth has been spurred by record demand and a shortage of homes across the board. Homes that were once considered affordable as related to the median income for the area have increased pricing to match market…

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Latinos in California Increasingly Priced Out of Homeownership as Rents Soar

Latinos in California Increasingly Priced Out of Homeownership as Rents Soar “These areas that used to be affordable to working-class families, middle-income households, are increasingly becoming out of reach,” David Garcia, a policy director at Terner Center who co-wrote the report, told NBC News. “I think what a lot of people don’t always realize is…

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U.S Imports/Exports

U.S Imports/Exports “Chinese lockdowns have not yet had an impact on US supply chains. That is about to happen. Ocean analyst @WHByers warns that container volumes leaving China are set to drop by over 50% within the next 2 weeks.” To Read the Original Article Click Here Subscribe to our regular newsletter and get exclusive access…

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Inflation Tops 10% in Two More U.S. Cities: Tampa and Riverside

Inflation Tops 10% in Two More U.S. Cities: Tampa and Riverside “Inflation cracked the 10% threshold in two more cities last month: Tampa, Florida, and Riverside, California. Metropolitan areas including Tampa in the Sun Belt have seen the highest price increases in recent months, fueled in part by soaring housing prices. But the March data from the…

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Economic Update | 4.29.2022

Economic Update | 4.29.22 Economic Data Updates: 4/26 to 4/29: CFNAI, STLFI, weekly unemployment claims, and University of Michigan consumer sentiment (month ending); 4/18 to 4/22: Private building permits, existing home sales, STLFSI, and weekly unemployment claims; 4/11 to 4/15: OECD Business Confidence Index, NFIB small business optimism, retail sales, University of Michigan consumer sentiment…

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Rent Jumped 17% Since Last Year, Hitting a New Record

Rent Jumped 17% Since Last Year, Hitting a New Record “In some cities, the rent increases have been staggering. Miami saw the fastest growth, with the median rental price spiking 55% in February from a year ago, making it the least affordable market of the top 50 cities, according to the report. …San Jose, California,…

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