Your Weekly News Roundup from National REIA

17Mar

Your Weekly News Roundup from National REIA
Your weekly news & updates
Here is this week’s “Weekly Roundup” from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association.
America Has a Shortfall of 6.5 Million Single-Family Homes Thanks to Decade of Under-Building
A new report from Realtor.com says a decade of under-building in America has led to a shortfall of 6.5 million single-family homes in the U.S. Click here to read more.

 
Single-Family Market Share Continues to Shift Away from Large Metros

The NAHB’s Eye on Housing says high housing costs have contributed to a downward shift in single-family housing starts in the nation’s in the densest counties. Click here to read more.
Immigration and Housing – What You Need to Know (part 1)

On a recent episode of the Rent Perfect podcast David Pickron says with an ever-increasing influx of immigrants pouring into the United States, there is a pressure being applied to the rental housing market like never before. Click here to read more.
Bankrate’s 2023 Annual Emergency Savings Report

It might be a little apropos considering the developing banking crisis as we post this; a recent report from Bankrate.com says an uncertain economy is affecting how Americans are able to save for emergencies. In fact, they say that nearly half (49%) of Americans have less savings (39%) or no savings (10%) compared to a year ago. Click here to read more.
Housing Costs are the Leading Increase in Inflation

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) was up 0.4% in February, 2023. Interestingly, the BLS says The index for shelter was the largest contributor to the monthly all items increase, accounting for over 70% of the increase. Click here to read more.
Construction Employment Increases In 45 States Last Year

A recent analysis from the Associated General Contractors said construction employment climbed in 45 states (and D.C.) from January 2022 to January 2023 with 42 states adding construction jobs between December and January alone. Click here to read more.
Tarek & Heather El Moussa’s First Flip Was a Flop
We’ve had a few interesting posts about Tarek El Moussa’s house flipping over the years. They’re entertaining and, while it is on TV, they do contain some nuggets of reality from time to time. A recent story on Realtor.com talks about how he and his new wife Heather (not Christina) have a new show called “The Flipping El Moussas.” The reporter “cringe-watched” the first season which reveals how things don’t always go as planned Click here to read more.
Construction Employment Increases In 45 States Last Year
U.S. Cities with the Highest GDP

Today’s infographic from the Visual Capitalist ranks the economic output of the top 15 U.S. cities from New York City to Minneapolis, using data from the U.S. Bureau of Economic Analysis. Click here to read more.
Have you made a positive difference to our communities and society at large?

National REIA is proud of our association’s and their member’s contributions to their communities. We promote a spirit of “giving back” throughout our industry. Real Estate Investing has enhanced our lives and given us success so our mission to positively impact our communities is at the core of what we do.

 

If you have a great story of how you have made an impact in your community or you have a member that has done amazing work to contribute, please take a moment to submit the story to Caleb@nationalreia.org for inclusion in our publications, social media, and our website. We are excited to hear how our industry and those of us in it have made a positive difference to our communities and society at large!
Stay up to date:
To learn more about these and other important issues affecting the real estate investing industry, visit RealEstateInvestingToday.com and follow on Twitter @REI2Day.

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