Analysts can see repercussions from implementing national housing policies and point out that it’s debatable what role the federal government should play.
Political Parties Grapple With Housing Affordability Crisis
August 25, 2021
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Business & EconomyCanadaConservativesEconomieselectionGlobal Real Estategreenshousing affordabilityLiberalsNDPppcreal estateWorld
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Fast-Food Wages Surged 10 Percent, Quickest in Years as Companies Struggle to Hire Workers
Fast-food workers’ wages increased more during the second quarter of 2021 than they did in any quarterly period in years amid the ongoing labor shortage, according to an industry report. Wages for hourly workers at fast-food restaurants surged 10 percent between April and June of 2021 compared to the same period last year, according to…
US New Home Sales Rebound Modestly in July; Prices Surge
WASHINGTON—Sales of new U.S. single-family homes increased in July after three straight monthly declines, but housing market momentum is slowing as surging housing prices amid tight supply sideline potential buyers from the market. The report from the Commerce Department on Tuesday showed builders were increasingly pre-selling homes, with about 75 percent of the houses sold…
Business Activity Growth Slows on Supply Crunch, Hiring Woes: IHS Report
A new report shows U.S. business activity growth slowed for a third straight month in August, weighed down by supply chain disruption, hiring woes, and softer consumer demand linked to the spread of the Delta variant. Data firm IHS Markit said in an Aug. 23 report (pdf) that its flash U.S. Composite PMI Output Index,…
UK Manufacturers Hit by Record Stock Shortages as Industry Growth Slows
UK manufacturers saw output growth for the past three months ease back from record highs as firms saw stock shortages strike record levels. The latest monthly industrial trends survey by the Confederation for British Industry (CBI) said activity was “strong” as order books remained “firm.” The survey of 262 major manufacturers found that output increased…
How to Get the Most out of Your Rental Property Investments
By Sean Miller It might not seem like the perfect time to invest in rental property considering current real estate trends indicate we’re in a seller’s market, but now might very well be. According to HousingWire, property appreciation was double its already healthy rate in 2020, and there are plenty of indications that home values will continue to…
High Inflation Could Be Stickier Than Anticipated
U.S. inflation showed some cooling off in July after posting large gains in prior months. Consumer prices rose at their slowest monthly pace since February, providing some relief to those in the “transitory” camp, who hold that this bout of inflation isn’t a long-term phenomenon. But, inflation fears still linger. The year-on-year increase in consumer prices…
J&J CEO Gorsky to Step Down, Company Veteran to Lead in 2022
August 20, 2021
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Business & EconomyCompaniescompanyEconomieseconomyhealth carehospitalsJ&JJohnson and JohnsonUSUS News
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Johnson & Johnson will replace Chairman and CEO Alex Gorsky with another veteran company executive starting next year. The world’s biggest maker of health care products said late Thursday that Joaquin Duato will become CEO and a member of the company’s board of directors on January 3. Duato currently serves as vice chairman of Johnson…
Weekly Jobless Claims Fall to Pandemic-Era Low
The number of American workers filing for unemployment fell to a pandemic-era low last week, adding to evidence of continued labor market recovery. First-time filings for unemployment insurance, a proxy for layoffs, came in at 348,000 for the week ending Aug. 14, a drop of 29,000 from the previous week’s revised level of 377,000, the…
Ford Will Halt Production at US Truck Plant for Week Over Chip Shortage
WASHINGTON—Ford Motor Co said Wednesday it will temporarily shutter its Kansas City assembly plant that builds its best-selling F-150 pickup truck due to a semiconductor-related part shortage as a result of the COVID-19 pandemic in Malaysia. The one-week shutdown will begin Aug. 23, the second-largest U.S. automaker said, adding it will also cut a shift…
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