USMCA trade deal may ease housing shortage

The U.S.-Mexico-Canada Agreement passed by the House of Representatives will help to ease the nation’s housing shortage by stabilizing the prices of materials used in construction, according to the National Association of Home Builders. The new trade pact was approved on Dec. 19 with a 385 to 41 bipartisan vote.

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AI has not made an impact in construction, yet

This year saw a shortage of housing inventory among other shortages in the construction industry, but it appears homebuilders are beginning to move towards utilizing new technology to address these issues. According to the National Association of Home Builders, 3D printing and robots have entered the housing construction market, but

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Housing Headlines: HomeSafe, Redfin, and NterNow

Housing Headlines takes a look at the latest news in housing, real estate, fintech, and beyond; featuring new product updates, launches, expansions, integrations, announcements, and more. Finance of America Reverse, a reverse mortgage originator, announced it has made enhancements to its suite of HomeSafe products. The enhancements bring a level

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These were the hottest neighborhoods of 2019

It’s been clear for quite some time that there’s a serious shortage of available housing on the market. In fact, the most recent data suggests that inventory is 30-40% lower than it would be in a healthy housing market. And that shortage of houses available for sale is leading to

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Average U.S. salary reaches record high

The average annual U.S. salary for full-time workers rose to a record high of $69,181 in November, according to the Federal Reserve Bank of New York. That’s up 3.4% from the from $66,012 a year earlier, according to the bank’s Labor Market Survey. Income gains are picking up steam in

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Economy to dodge recession with 1.8% GDP growth in 2020

The U.S. economy is on track for 1.8% growth in 2020, according to the economists at Securities Industry and Financial Markets Association, a trade group representing Wall Street securities firms, banks and asset management companies. For 2019, the final GDP number probably will come in at 2.2%, according to the

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