The number of extra bedrooms — defined as a bedroom in excess of the number of people in a home, and even including one for an office — has reached a new high.
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The central bank has now shaved a full percentage off its benchmark rate since September. Here’s what it means for your borrowing costs.
In a widely anticipated move, the Federal Reserve on Wednesday lowered its benchmark interest rate by 25 basis points (bps), bringing the target range to 4.25% to 4.5%. This marks the third consecutive reduction by the Fed following a 50-bps cut in September and a 25-bps cut in November, cumulatively reducing rates by 100 bps…
They say housing leads the economy in and out of a recession. Currently, housing starts are back at the levels seen during the COVID-19 recession in 2020. Interestingly, employment for residential construction workers — typically one of the first areas to experience declines before a recession — has not yet seen its usual downturn. Several…