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Today, it is just over $3,000,” said Harris, who also serves as chair of the National Association of Home Builders. Vice President Kamala Harris has proposed offering $25,000 in down payment assistance to first-time homebuyers and incentives to homebuilders to construct more housing for first-time homebuyers. Former President Donald Trump has said he would lower housing costs by opening federal land to development, rolling back regulations and reducing overall inflation. But homebuilders say they face a web of challenges that have been nearly two decades in the making and will likely take years to resolve. One major barrier to driving down prices and increasing supply has been a shortage of workers, homebuilders said.

Persons: Carl Harris, ”, Harris, — he’s, Mike Forsum, Freddie Mac, Kamala Harris, Donald Trump, “, Robert Dietz, It’s, Dietz, Sheryl Palmer, homebuilder Taylor Morrison, homebuilders, we’ve, Palmer, Forsum, “ I’m, Homebuilders, Taylor Morrison, They’ve, that’s, ” Harris, “ It’s Organizations: National Association of Home Builders, Landsea, Bureau of Labor Statistics Locations: Wichita , Kansas, Atlanta, Las Vegas, Raleigh , North Carolina, Dallas, ”, Sacramento , California, Texas, Fort Worth , Texas, Phoenix, Buckeye, Orlando , Florida, In Wichita

☆ Tropical Storms Are Rare in California. The Last, in 1939, Killed Nearly 100.
▼ + stars: | 2023-08-18 | by ( Livia Albeck-Ripka | More About Livia Albeck-Ripka | ) www.nytimes.com time to read: +2 min

More than a dozen boats were declared missing, and the wreckage of an 80-foot yacht washed up near Huntington Beach, a usually picturesque surf spot. Twenty-three people drowned when a sport fishing boat capsized just 500 feet from a pier at Point Mugu, near Oxnard. The overall damage was estimated to be around $2 million, the equivalent of around $44 million in today’s dollars. Besides the 1939 storm, the only other tropical storm to make landfall in the state was on Oct. 2, 1858, when a hurricane shook San Diego, damaging homes, uprooting trees and causing inland flooding. Christopher Landsea, a forecaster with the National Hurricane Center and an author of the paper, noted that there were no reported injuries or fatalities.

Persons: Christopher Landsea Organizations: The Times, Man, Southwestern, Administration, National Hurricane Center Locations: Huntington Beach, Mugu, Oxnard, Los Angeles, Warsaw, Poland, Southwestern United States, California, San Diego, Daily Alta California

☆ This week's jobs report will help determine if this nascent March rally has legs
▼ + stars: | 2023-03-05 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Where the market heads next will once again depend on inflation data — especially this week's highly anticipated jobs report. No portfolio companies report earnings next week. However, with mortgage rates bouncing back in recent weeks, it remains to be seen if the strong monthly report will see any follow up. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

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