Your Friday Weekly Roundup News

Your Friday Weekly Roundup News

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.
U.S. Construction Spending Down Slightly Again in August

The U.S. government is reporting that total construction spending in August, 2024 was at a seasonally adjusted annual rate of $2,131.9 billion, which is 0.1% lower than July’s revised number. Click here to read more.

Unemployment Rate Remains Above 4% in September

According to the U.S. Department of Labor’s Bureau of Labor Statistics, total nonfarm payroll employment increased by 254k in September, 2024 with the unemployment rate coming in at 4.1%. Click here to read more.

ADP National Employment Report – September 2024

According to the ADP National Employment Report for September, 2024, private sector employment increased by 143k jobs and annual pay was up 4.7% year-over-year. Click here to read more.

 

Argentina Scrapped its Rent Control and Now the Market is Thriving

A recent story in the Wall Street Journal highlights how Argentina’s new President (who happens to be an economist), Javier Milei, scrapped their rental laws and most government price controls in an effort to revive South America’s second-largest economy. Click here to read more.

Census Bureau Says Nearly Half of Renter Households Are Cost-Burdened

We have continued to see rising shelter costs in the inflation data we’ve posted. Now a new report from the U.S. Census Bureau says over 21 million renter households spent more than 30% of their income on housing costs in 2023, representing nearly half (49.7%) of the 42.5 million renter households in the United States for whom rent burden is calculated. Click here to read more.

 

Online Sports Betting Taxes by State

The Tax Foundation says 38 states have legalized sports wagering in some capacity, however only 27 states have online betting. Click here to read more.

The Market Impact of the Institutional Investor

On a recent episode of the Rent Perfect podcast David Pickron says the influx of the institutional investor groups that are backed by billions of dollars are having a negative effect on the everyday investors ability to purchase properties. Click here to read more.

Preferred vs. Actual Home Laundry Room Locations

A recent report from the NAHB’s Eye on Housing says that in 2023, the majority of new home starts featured laundry connections on the first floor (72%), second floor or higher (26%) and the basement, garage, and other locations came in at a 1% or lower share. Click here to read more.

Americans Love Driving

Infographic: Citing government data, Statista says approximately nine out of ten trips were undertaken with either a car, an SUV, a pickup truck or a van in 2022. Click here to read more.

Check out the latest issue of reiaSENSE

Check out the latest issue of reiaSENSE, National REIA’s monthly government affairs publication. Click here to download.

 

 

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