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☆ Who will build new homes in Trump’s America?
▼ + stars: | 2024-11-19 | by ( Samantha Delouya | Julia Vargas Jones | ) edition.cnn.com time to read: +9 min

Trump has said that undocumented immigrants share the blame for America’s once-in-a-generation home affordability crisis, but the president-elect’s deportation plans may backfire, driving up the cost of homebuying even further. There is a need for more construction workers, as well: There were 282,000 construction jobs open as of September, according to the Bureau of Labor Statistics. “Immigrant labor is really important for our ability to continue to build homes affordably,” said Tobin. More than one-third of construction workers in the labor force are foreign-born, according to the US Census Bureau’s 2023 American Community Survey. In some states, that share is much higher: In California, New Jersey and Texas, more than half of construction workers are immigrants.

Persons: CNN — Duewight Garcia overstayed, Garcia, ” Garcia, Donald Trump’s, Trump, America’s, Riordan Frost, Frost, ” Frost, Jim Tobin, ”, Tobin, “, Duewight Garcia, Edward Pinto, ” Pinto, Stan Marek, MAREK, it’s, ” Marek, Trump’s, Ohio Sen, JD Vance, ” Vance, Marek, they’re, Jennie Murray, ” CNN’s Tami Luhby Organizations: CNN, New, Joint Center for Housing Studies of Harvard University, National Association of Home Builders, Bureau of Labor Statistics, Pew Research, Survey, American, National Immigration Forum, Trump, Housing Center, American Enterprise Institute, Labor, The New York Times, National Immigration Locations: Honduras, New York City, America, California , New Jersey, Texas, New York, California, Wells Fargo, Houston

☆ How the 2024 election could impact homebuilder stocks
▼ + stars: | 2024-08-23 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +2 min

In this article DHILENPHM Follow your favorite stocks CREATE FREE ACCOUNTShareholder returns for top homebuilders D.R. Horton and Lennar outpaced the wider S&P 500 between August 2014 and August 2024. Quintero's research suggests lower levels of competition among homebuilders may contribute to the U.S. housing shortage. "The supply shortage that we have estimated [is] anywhere from 2 [million] to 8 million. Some people put it at even 20 million housing units that we are short," said Tobias Peter, co-director of the American Enterprise Institute's Housing Center.

Persons: LEN PHM, Horton, Lennar, LEN, Luis Quintero, Tobias Peter, Margaret Whelan, Whelan Organizations: Industry, Johns Hopkins University Carey School of Business, American Enterprise Institute's Housing Locations: United States, California, Texas

How Online Hatred Toward Migrants Spurs Real-World Violence Social media posts assailing immigrants have fomented a climate of fear and hatred in Britain, Portugal and other countries. It followed months of vitriol on social media that came not only from disgruntled Portuguese, but also from prominent far-right figures inside and outside the country. “It’s not up-to-date for the social media age,” Leo Varadkar, the prime minister then, said. Asked whether he believes his social media posts contribute to violence, Mr. Robinson responded: “I believe the teachings in the Koran contribute to violence. July 29 1:42 p.m.Not much info yet, but it will be a Muslim culprit followed by violence protests 1:49 p.m.

Persons: ”, Rita Guerra, Patience, ” Lee Marsh, “, Elon Musk, X, Musk, TikTok, we’re, ” Tommy Robinson, Donald J, Trump, Joel Finkelstein, Tony Craig, “ It’s, —, ” Leo Varadkar, He now, Ro, rie, Marc, iona, Robinson, e, ari, rance Organizations: YouTube, Spurs, Center for Psychological Research, Italy British, Protesters, Sunderland, PA, Agence France, Institute for Strategic, Elon, Meta, The New York Times, National, Counterterrorism, Security, Network, Research, Staffordshire University, Reuters, Ireland, unc, rit Locations: Portugal, Portuguese, Lisbon, Porto, Britain, Germany, Ireland, Europe, Southport, Liverpool, Syrian, Wales, Italy, The Netherlands, Greenwich, London, United States, Russia, Netherlands, Leeds, Chester, New Jersey, England, Algeria, Dublin, Coolock

It allows the city to suspend a landlord’s rental license if police answer four or more “nuisance” calls in a year. Minnesota law meanwhile prohibits landlords from limiting or preventing calls for emergency services and also preempts local ordinances penalizing landlords over such calls. She later learned the calls ran afoul of Peoria’s nuisance ordinance. Last year, Maryland prohibited landlords from evicting tenants over the number of emergency calls to their addresses, as well as prohibited cities and counties from penalizing landlords for emergency calls. Jose Cruz Guzman, who serves on the board of Minneapolis’ Sky Without Limits Cooperative, said emergency calls to an apartment would prompt support from fellow residents.

Persons: ”, Elizabeth Sauer, Jeff Weaver, Sue Abderholden, Scott Baumgartner, Baumgartner, Tina Davies, Davies, they’re, “ I’m, Kate Walz, Jose Cruz Guzman, ___ Hanna, Steve Karnowski Organizations: U.S . Department of Justice, Central Minnesota Legal Services, City, FBI, DOJ, Anoka, National Alliance, Mental, Associated Press, Fair Housing, Peoria, American Civil Liberties Union, New, New York Civil Liberties Union, National Housing Law, Housing, Prevention Locations: Minneapolis, Anoka, Mississippi, ”, Minnesota, California , Ohio, Illinois, Peoria, New York, Hesperia , California, U.S, Maryland, California, Topeka , Kansas

☆ With a debt ceiling deal on the horizon, Jim Cramer says stay invested, but keep cash in reserve to buy into weakness
▼ + stars: | 2023-05-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer said on Wednesday not to agonize over investments as Washington edges closer to a debt-ceiling deal. As investors saw on Tuesday, news about lawmakers' debt ceiling compromise often breaks after market's close, too late to maximize buying opportunities. To that, Cramer offered advice about how to keep cool and stay ahead of the curve. "Stay invested, but keep a nice chunk of cash to buy more into weakness. Cramer feels the debt-ceiling debacle illustrates why investing is so difficult: investors need to make predictions while ensuring they're ahead of the crowd.

☆ U.S. rents surge, leaving behind generation of younger workers
▼ + stars: | 2022-09-21 | by ( Rose Horowitch | ) www.reuters.com time to read: +6 min

REUTERS/Amr AlfikySept 21 (Reuters) - The cost of renting a home in the United States is surging and young workers have felt the sharpest pain, many of them taking on additional jobs or roommates to afford housing costs. Household rents in 2021 jumped 10% from pre-pandemic levels, according to Census Bureau estimates released last week. The 23-year-old spent a year in an apartment in New York City's Queens borough with a door that wouldn’t lock. Recent college graduate Caleb Seamon, 22, started delivering for Uber Eats alongside his full-time job at a think-tank to afford housing. Even so, Seamon says he only found a New York apartment because one of his roommate's parents acted as guarantors.

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