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The Federal Reserve’s housing recession dilemma

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…

Single-family construction ticked up in November after hurricanes

Hurricanes in Florida and North Carolina took a bite out of housing construction in October, but things are looking up. The U.S. Census Bureau’s November residential construction report shows single-family starts rising 6.4% compared to last month, clocking in at a seasonally adjusted annual rate of 1,011,000.  Single-family housing completions also rose to a seasonally…

United Real Estate expands Midwest footprint through Kansas City merger

Dallas-based brokerage United Real Estate is expanding its footprint in the Midwest with a new merger. This week, Kansas City-based United affiliate partner Platinum Realty will merge its operations with SunWest Real Estate Advisors. The financial terms of the merger were not disclosed. Platinum brings a 2,500-agent team with a presence in markets across Kansas,…