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☆ US housing starts rise moderately; tight supply supporting new construction
▼ + stars: | 2023-11-17 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

Single-family housing starts, which account for the bulk of homebuilding, rose 0.2% to a seasonally adjusted annual rate of 970,000 units last month, the Commerce Department's Census Bureau said. Overall housing starts rose 1.9% to a rate of 1.372 million units in October. The number of housing under construction dipped 0.1% to a rate of 1.674 million units. The inventory of single-family housing under construction declined 0.6% to a rate of 669,000 units, the lowest level since May 2021. The stock of multi-family housing under construction edged up 0.1% to 987,000 units, not far from recent record highs.

Persons: Jeffrey Roach, Ben Ayers, Freddie Mac, Bill Adams, Thomas Ryan, Lucia Mutikani, Chizu Nomiyama, Nick Zieminski Organizations: WASHINGTON, Commerce Department, LPL Financial, Commerce, Data, National Association of Home Builders, Nationwide, Federal Reserve, Treasury, Comerica Bank, Reuters, Realtors, Capital Economics, Thomson Locations: Charlotte , North Carolina, homebuilding, Commerce Department's, Northeast, Columbus , Ohio, Dallas, West, South, Midwest

☆ A boomer moved from Silicon Valley to a small city in Texas' Hill Country. He said the people are friendlier and his community is much more peaceful.
▼ + stars: | 2023-11-16 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Bill Ross moved from the mountains of Silicon Valley to a city half an hour north of San Antonio. Leaving Silicon Valley behindRoss was born in Philadelphia and was raised in northern New Jersey. He worked at large companies and startups in Silicon Valley, and he tried starting his own company. He got married, had kids, and raised them in a home 20 minutes from the heart of Silicon Valley in the Santa Clara Mountains. By comparison, a study by Joint Venture Silicon Valley released in October found Silicon Valley's median home price was $1.53 million in 2022.

Persons: Bill Ross, —, Ross, Boerne, — Ross, he's, couldn't, didn't, Dallas, Austin, Realtor.com Organizations: Service, Oaks, Boerne Independent, . Census, Texans, Northeastern University, Texas Hill Country, Joint Venture Locations: Silicon, San Antonio, Texas, Silicon Valley, California, Boerne , Texas, Philadelphia, New Jersey, Boston, Santa Clara, Florida, North Carolina, South Carolina, Galveston, Texas Hill, Boerne, San Francisco, Bay, Antonio

☆ US retail sales dip; producer prices post biggest drop in 3-1/2 years
▼ + stars: | 2023-11-15 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Economists polled by Reuters had forecast retail sales would fall 0.3%. Excluding automobiles, gasoline, building materials and food services, retail sales rose 0.2% in October. Data for September was revised up to show these so-called core retail sales rising 0.7% instead of the previously reported 0.6%. Core retail sales correspond most closely with the consumer spending component of GDP. Goods prices rose 0.8% in September.

Persons: Bill Adams, Lucia Mutikani, Chizu Nomiyama, Paul Simao Organizations: Saks Fifth, REUTERS, WASHINGTON, Federal, Comerica Bank, Commerce, Data, Reuters, United Auto Workers, Treasury, Consumer, Labor Department's Bureau of Labor Statistics, Wednesday, PPI, Reuters Graphics, Fed, Thomson Locations: New York City, U.S, Dallas, Commerce Department's

The monthly decline in the producer price index was the largest since April 2020, when the country was facing the shock of the COVID-19 pandemic. Excluding energy and food costs, the core index is now at 2.9% annualized, slightly above where it stood in September. Analysts had predicted a monthly drop of 0.1% and an annual rate of 1.9% for the overall index. It was the second reading in as many days that showed inflation receding closer to the Federal Reserve’s 2% annual target. The core index, leaving out energy and food costs, came in at 4%.

Persons: ” Kathy Jones, John Sedunov, ”, Jerome Powell, “, Wells, Dan North Organizations: of Labor Statistics, “, Analysts, Schwab Center, Financial Research, Dow Jones, Research, Villanova University, International Monetary Fund, Treasury, Census, North America, Allianz Trade, Consumers Locations: Washington, U.S

Consumer prices held stable in October, bringing the annual inflation rate down to 3.2% from 3.7% a month ago as energy prices receded, the Bureau of Labor Statistics said on Tuesday. “Further evidence of disinflation inside the October inflation report,” RSM US Chief Economist Joseph Brusuelas posted on social media, noting that month-over-month inflation was flat at 3.2% and core inflation was up 0.2 percent to 4% over the same period. Although prices for a wide variety of goods and services have cooled this year, the current inflation rate is well above the 2% target set by the central bank. “Inflation expectations over the next 5 years dipped to 2.7%, slightly above the Fed’s long-run target of 2%. “We don’t think the last mile of disinflation will be particularly hard,” Goldman Chief Economist Jan Hatzius wrote in the outlook.

Persons: Joseph Brusuelas, Stocks, Matt Bush, Patrick De Haan, “, ”, Piyush Patel, Jeffrey Roach, Goldman Sachs, Jan Hatzius Organizations: of Labor Statistics, RSM, Federal, Treasury, Dow Industrial, Guggenheim Partners, CNBC, National Retail Foundation, NRF, Affinity Solutions, Wall Street, Travel, Gas, New York Federal Reserve Bank, University of Michigan’s, LPL, Investment, ” Goldman Locations: U.S

☆ CNBC Daily Open: Moody’s downgrade won’t dent the Treasury market
▼ + stars: | 2023-11-14 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. South Korea's Kosdaq index rose around 2.2%, snapping a five-day losing streak. Hence, Biden and Xi will likely focus on "prevent[ing] a crisis," according to a political commentator. Consumer spending fellU.S. October retail sales, excluding autos and gas, fell 0.08% month on month, while core retail, which excludes restaurants, declined 0.03%, according to the new CNBC/NRF Retail Monitor.

Persons: Australia's, Biden, Xi, Joe Biden, Xi Jinping, That'll, Exxon, Morgan Stanley Organizations: CNBC, Dow Jones, NRF, Exxon, Exxon Mobil Locations: Asia, Pacific, U.S, Arkansas

☆ Opinion: Travis Kelce is happy to be Mr. Taylor Swift
▼ + stars: | 2023-11-14 | by ( Cristian Arroyo-Santiago | Opinion Jill Filipovic | ) edition.cnn.com time to read: +10 min

CNN —Taylor Swift and Travis Kelce are the couple of the hour. Jill Filipovic Courtesy of Jill FilipovicThey’re also a surprisingly positive relationship model for men and women alike. Finding love isn’t always easy for American women in a more feminist world, even as American women have become far better off. Fewer than a quarter of single men say they have a hard time finding a romantic mate who meets their expectations. Swift and Kelce are both fabulously wealthy, and money does make relationships easier — she’s now a billionaire, according to Bloomberg.

Persons: Jill Filipovic, CNN — Taylor Swift, Travis Kelce, Jill Filipovic They’re, Swift, Jason, Taylor, Travis, Gloria Steinem, —, Wives, Kelce, Taylor Swift, ”, they’re, It’s, ’ —, she’s Organizations: Twitter, CNN, Kansas City Chiefs, Chiefs, Philadelphia Eagles, Pew Research, Census, Pew, Survey Center, American Enterprise Institute, Bloomberg, NFL, ESPN, Sports, ” Sports Locations: New York, Kelce

☆ You can thank China and record US oil output for lower gas prices
▼ + stars: | 2023-11-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

But the cost of crude oil has been largely declining since the middle of October. The average for a gallon of gas in the United States, meanwhile, dropped to $3.37, according to AAA. This “steady, if slow” decline in gas prices, said an AAA spokesperson, may soon gain speed if oil prices continue their descent. They’re more concerned with economic weakness in China and an increase in oil production in the United States. In the first week of November, US crude oil production reached a new record of 13.2 million barrels per day.

Persons: ” David Kelly, ”, ” David Morrison, refiners, ” Craig Erlam, Brent, Chris Isidore, “, Ted Decker, Refinitiv, Read, Homebuyers Organizations: CNN Business, Bell, New York CNN, AAA, Asset Management, Federal Reserve, Trade, China’s National Bureau of Statistics, . West Texas Intermediate, International Energy Agency, Revenue, National Association of Realtors, Census Locations: New York, Europe, Saudi Arabia, Russia, United States, China, Iran, America, United

☆ Middle-class movers are heading to these three cities in search of affordability
▼ + stars: | 2023-11-13 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Middle-class movers are choosing Las Vegas, Phoenix, and San Antonio as top destinations. It was the second-most popular destination for middle-class movers coming from out of state, the report said. While cities like Austin saw a surge in home prices, San Antonio has been able to maintain some of its affordability. AdvertisementAdvertisement"If you were to ask me, I'd still tell you San Antonio's more affordable than most cities in Texas," San Antonio real-estate agent Ricardo "Rico" Riojas, Jr. told Insider. San Antonio, Texas.

Persons: —, Andrew Arevalo, Getty Images Arevalo, Redfin, Arevalo, there's, he's, We've, Stephanie K, Dow, I'd, Ricardo, Rico, Riojas, Jr, Allan Baxter, San Antonio — Organizations: Service, Denver, Pew Research, Getty Images, MLS, Las Vegas, San Antonio, Getty, Austin Locations: Vegas, Phoenix, San Antonio, The Nevada, Arizona , Nevada , Florida, Texas, Sin, Colorado, Nevada and Colorado, Clark County, Las Vegas, Denver, California, Arizona, Phoenix , Arizona, San, . Texas, Austin, Antonio, Antonio , Texas

☆ Home Depot, Lowe's may signal more pain from muted consumer spending, housing demand
▼ + stars: | 2023-11-13 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +3 min

Nov 13 (Reuters) - Wall Street is bracing for another quarter of weak sales from U.S. home improvement chains Home Depot (HD.N) and Lowe's (LOW.N) as demand remained under pressure from uneven consumer spending and a subdued housing market. Expectations have been revised roughly 17% lower for Home Depot's same-store sales for the third quarter compared to early September, LSEG data showed, while estimates for Lowe's have come down about 19% during the same period. Key demand indicators - such as category sales figures from the U.S. Census Bureau and home sales - pointed to a sequential softening in the home improvement industry in the quarter, analysts said. "Most likely, a recovery won't be in sight until the second half of 2024," UBS analyst Michael Lasser said. U.S. existing home sales dropped to a 13-year low in September, weighed by rising mortgage rates and tight supply.

Persons: Michael Lasser, Wells, J.P, Morgan, Christopher Horvers, Stocks, Deborah Sophia, Sriraj Organizations: Lowe's, U.S . Census Bureau, UBS, Reuters, Thomson Locations: U.S, Wells Fargo, Bengaluru

☆ Here’s how much you need to make to afford a home in America
▼ + stars: | 2023-11-13 | by ( Anna Bahney | ) edition.cnn.com time to read: +5 min

“First-time buyers tiptoed back into the market this year with less competition and fewer multiple-offer scenarios,” said Lautz. The age of the typical repeat buyer also dropped slightly to 58 from an all-time high of 59 last year. In comparison, the typical downpayment for repeat buyers was 19%, which is the highest share since 2005, when the typical downpayment was 21%. First-time buyers increased their reliance on financial assets this year, which grew to 24% from 20% last year. Of recent homebuyers, 7% were Latino, 7% were Black, 6% were Asian or Pacific Islander and 6% identified as some other race.

Persons: ”, Jessica Lautz, today’s, homebuyers, downpayment, Homebuyers, “ Organizations: DC CNN, National Association of Realtors, Census Locations: Washington, United, United States

☆ Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions
▼ + stars: | 2023-11-13 | by ( Steve Liesman | ) www.cnbc.com time to read: +1 min

watch nowThe consumer took a spending break ahead of the holiday season, with October retail sales, excluding autos and gas, falling by 0.08%, and core retail, which also removes restaurants, declining by 0.03%, according to the new CNBC/NRF Retail Monitor. The new Retail Monitor, debuting Monday, is a joint product of CNBC and the National Retail Federation based on data from Affinity Solutions, a leading consumer purchase insights company. The data differs from the Census Bureau's retail sales report as it is the result of actual consumer purchases, while the Census relies on survey data. The government data is frequently revised as additional survey data becomes available. The CNBC/NRF Retail Monitor is not revised as it's calculated from actual transactions during the month.

Persons: Matthew Shay, Dan Colarusso Organizations: CNBC, NRF, Retail Monitor, National Retail Federation, Affinity Solutions, Affinity, Business

☆ Atlanta is the No. 1 U.S. city for single people, new study says
▼ + stars: | 2023-11-10 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

1 U.S. city for singles: AtlantaAtlanta, Georgia, topped the list as the best city for singles. According to the report, over 57% of Atlanta's population is single and the city ranked in the top five in the entertainment and restaurant categories. Atlanta is the best U.S. city for singles, according to Zumper. Madison, Wis. Washington, D.C. Orlando, Fla. Salt Lake City, UT Richmond, VA Pittsburgh, PA St. Louis is the second-best city for singles. 3 best city for singles.

Persons: Zumper, Sean Pavone, Hartsfield –, Louis, Wager, Saint Organizations: Atlanta, Istock, . Census Bureau, Hartsfield, Hartsfield – Jackson Atlanta International Airport, GA St, MN, UT, Anheuser, Busch, Emerson Electric, Saint Louis Locations: United States, U.S, Atlanta Atlanta , Georgia, Atlanta, Louis , MO Minneapolis, MN Boston, Mass, Madison, Wis . Washington ,, Orlando, Fla, Salt Lake City, UT Richmond, VA Pittsburgh, PA, St, New York, Minneapolis , Minnesota, Minneapolis

☆ Why the golden age of remote work may be coming to an end
▼ + stars: | 2023-11-10 | by ( Anuz Thapa | ) www.cnbc.com time to read: +1 min

Finding fully remote work is getting challenging. "Some of the pushback remote work is driven by concerns about productivity," said Kory Kantenga, senior economist at LinkedIn. During the pandemic, remote work became the darling of the corporate world, and companies going fully remote became the new normal. "Remote work was thrust upon us basically by the pandemic," said Nicholas Bloom, professor of economics at Stanford University. "Before the pandemic, remote work was pretty rare.

Persons: Kory Kantenga, Nicholas Bloom, it's, Elon Musk, CNBC's David Faber, It's Organizations: LinkedIn, Census Bureau, Stanford University Locations: U.S, America, la la

☆ America’s Population Projected to Shrink by 2100, Census Figures Show
▼ + stars: | 2023-11-09 | by ( Paul Overberg | Rosie Ettenheim | ) www.wsj.com time to read: 1 min

Population growth with past projectionsPeak: 2080 Projection 500 million 2015 400 2018 2023 300 200 100 0 2000 ’10 ’20 ’30 ’40 ’50 ’60 ’70 ’80 ’90 2100 Projection Peak: 2080 500 million 2015 400 2018 2023 300 200 100 0 2000 ’10 ’20 ’30 ’40 ’50 ’60 ’70 ’80 ’90 2100 Projection Peak: 2080 500 million 2015 400 2018 2023 300 200 100 0 2000 ’10 ’20 ’30 ’40 ’50 ’60 ’70 ’80 ’90 2100 Projection Peak: 2080 500 million 2015 400 2018 2023 300 200 100 0 2000 ’10 ’20 ’30 ’40 ’50 ’60 ’70 ’80 ’90 2100 Projection Peak: 2080 500 million 2015 400 2018 2023 300 200 100 0 2000 ’10 ’20 ’30 ’40 ’50 ’60 ’70 ’80 ’90 2100America’s long streak of population growth is expected to come to an end. Census Bureau projections released Thursday show that, under the most likely scenario, the U.S. will stop growing by 2080 and shrink slightly by 2100.

Locations: U.S

That's the assessment of a new report released on Thursday by the American Academy of Arts and Sciences (AAAS). There is growing concern about a contradiction in the U.S. economy: jobs are plentiful and economic growth is strong, especially compared with other advanced economies, but surveys show many Americans are sour about the outlook. A key part of the report is a new tool developed to measure the well-being of Americans, which combines 11 different measures. Researchers around the world have long sought to find better ways to gauge the well-being of people that look beyond measures such as economic growth or unemployment. Reuters GraphicsOne unique part of the measure is an attempt to quantify the "political voice" of Americans.

Persons: Gaelen Morse, Matthew Slaughter, Nicholas Lemann, there's, Lemann, Jacob Hacker, Timothy Aeppel, Paul Simao Organizations: REUTERS, American Academy of Arts and Sciences, Dartmouth College's Tuck School of Business, Federal Reserve, U.S . Census, Columbia Journalism School, Reuters, Yale University, Thomson Locations: Columbus , Ohio, U.S, America

☆ Mortgage rates just plunged—see how much you'd pay for a house at current rates
▼ + stars: | 2023-11-09 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

Homebuyers finally got some relief as 30-year fixed mortgage rates dropped significantly last week. After steadily climbing for most of the year, rates slid from 7.86% to 7.61% — the largest one-week decline in over a year — according to the Mortgage Bankers Association. Lenders tend to lower mortgage rates when there's a sign of an economic slowdown or recession. With mortgage rates dropping, monthly homeownership costs will become more affordable. Assuming that you can afford a 20% down payment on a $431,000 home, the monthly payments for a 30-year fixed mortgage with a 7.61% rate work out to $2,437.

Persons: Homebuyers Organizations: Mortgage, Association, Census

☆ Where are the 12 US gov't funding bills to avert shutdown?
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +7 min

But first, the House and Senate would have to agree upon the overall dollar amount of spending for the 12 bills combined. The Senate passed its version as part of a three-bill package on Nov. 1 with strong bipartisan support. DEFENSEOne of the largest of the 12 bills funds the Department of Defense - the Army, Navy, Air Force and the CIA. The Senate's version passed out of committee on July 27. The Senate's version passed out of committee on July 27.

Persons: Jon Cherry, shutdowns, Joe Biden, Biden, Kevin McCarthy, Moira Warburton, Aurora Ellis Organizations: U.S . Capitol, REUTERS, Rights, Democratic, Republican, Senate, of Veterans Affairs, Army, Navy, Air Force, U.S . Department of Agriculture, Food and Drug Administration, of Transportation, Federal Aviation Administration, Department of Housing, Urban, House Republicans, Amtrak, Department of Defense, CIA, Department of Energy, Nuclear Regulatory, of, of Indian Affairs, Land Management, Environmental Protection Agency, The, Department of Homeland Security, FBI, Federal Emergency Management Agency, Department of State, Agency for International Development, Peace Corps, Congress, Capitol Police, of Congress, Office, Treasury, of Columbia, Federal Trade Commission, COMMERCE, of Commerce, U.S . Census, U.S . Patent, Department of Justice, Republicans, HUMAN, of Education, Department of Health, Human Services, Department of Labor, Social Security Administration, National Labor Relations Board, Thomson Locations: Washington , U.S, United States, New York, U.S, Washington

☆ Prefabricated home shipments on the rise in a pricey property market
▼ + stars: | 2023-11-07 | by ( Amina Niasse | ) www.reuters.com time to read: +4 min

That appears to be boosting demand in the prefabricated housing market, a sector that has lost market share in the past decade. "There's going to be continued interest in prefabricated homes because it's a window to building." As of May, the most recent month for which data is available, the average price of a prefabricated home was $129,900, according to Census data. Most modular construction factories are concentrated in the Mid-Atlantic and Southeast, where modular market share outpaces the national average of 2%, said Devin Perry, executive director of business improvement programs at the NAHB. "This is providing opportunities for modular to grab more market share."

Persons: Brian Abramson, Abramson, Danushka Nanayakkara, Devin Perry, Perry, Amina Niasse, Dan Burns, Andrea Ricci Organizations: Census, Reuters, Homes, Mortgage, Association, National Association of Homebuilders, Thomson

☆ The rise of the McMansion: 11 charts show just how much bigger and fancier American houses have gotten since the 1970s
▼ + stars: | 2023-11-07 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

Data on the characteristics of newly constructed homes for 2022, released in June by the Census Bureau, revealed homes continued to get bigger after shrinking from 2015 to 2020. A higher share of four-bedroom houses were built, most constructed with air conditioning, and more houses are doing away with fireplaces. In 2022, nearly half of all homes constructed had four bedrooms, compared to two-bedroom homes at 9%. Houses have remained relatively the same height, with a slightly higher percentage of one-story homes and slightly fewer percentage of two-story homes compared to 10 years ago. The median are now comes in at around 2,300 square feet for houses built in 2022.

Persons: Goldman Sachs, —, Glenn Kelman, Realtor.com, it's, Brick Organizations: Service, Census, Myrtle Locations: Conway, Myrtle Beach, South Carolina, Las Vegas, Henderson, Paradise, Stockton , CA

☆ Workers are missing cog in US manufacturing gears
▼ + stars: | 2023-11-07 | by ( Jeffrey Goldfarb | ) www.reuters.com time to read: +7 min

NEW YORK, Nov 7 (Reuters Breakingviews) - There’s a spanner in the freshly restarted U.S. manufacturing machine. Based in part on the planned construction spending, Goldman Sachs analysts estimate that Biden’s initiatives could lead to as many as 250,000 new manufacturing jobs over the next two years. Pay growth is also cooling faster for production and manufacturing jobs, at 4.2% year-over-year in August, down from an 11% annual peak in December 2021 and compared to the national average of 4.5%, according to jobs website Indeed. By 2030, technological and cognitive skills in the manufacturing sector will be in far higher demand as the share of physical and manual tasks drops by more than a quarter from 2016, McKinsey says. The U.S. manufacturing engine may be humming along now, but employment-related complications threaten to throw sand in the gears.

Persons: Joe Biden’s, Biden, Goldman Sachs, There’s, it’s, Sam, Francesco Guererra, Sharon Lam Organizations: Reuters, Deal, Taiwan Semiconductor Manufacturing, Samsung Electronics, Intel, Bosch, Linde, Public, Ford, SK Innovation, Reuters Graphics Reuters, Department, Bureau of Labor Statistics, McKinsey, University of Massachusetts, Economy Research, of Labor Statistics, Thomson Locations: Arizona, U.S, United States, China, Europe, Asia, it’s, Germany, Amherst

☆ Akamai sees Q4 profit above estimates on strong demand for cybersecurity services
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - Akamai Technologies (AKAM.O) forecast fourth-quarter adjusted profit above Wall Street estimates on Tuesday, helped by strong demand for its cloud security services as rapid digitalization raises the risk of high-profile hacks. Spending on cybersecurity services have stayed resilient amid growing cyber crimes and privacy concerns even as companies tightened the budgets for other IT services. Cambridge, Massachusetts-based Akamai expects fourth-quarter adjusted profit at about $1.57 per share, compared with analysts average estimate of $1.54 per share, according to LSEG data. The company reported revenue of $965 million and adjusted profit of $1.63 per share for the quarter ended Sept. 30. Analysts expected revenue at $943.32 million and adjusted profit at $1.50 per share.

Persons: Akamai, Tanya Jain, Shilpi Majumdar Organizations: Akamai Technologies, Wall, Data Corporation . Cambridge, U.S . Department of Labor, Census Bureau, Department of Defense, eBay, Electronic Arts, Thomson Locations: Data Corporation . Cambridge , Massachusetts, Bengaluru

Most Americans still have to commute every day. Jenn Ackerman for The New York TimesLike a majority of Americans, Ms. Hargreaves was unable to do her work at home. Source: American Community Survey Note: Average commute length for 2020 is not included. The average commute distance changed much less, an indication that commuters are driving faster — but also, more people are driving. “A lot of our choice riders, we're still working to influence them to re-choose transit,” Ms. Tucker said.

Persons: Torie Hargreaves, Jenn Ackerman, Hargreaves, Ms, That’s, Andrea Villanueva, Villanueva, The New York Times “, ” Christopher Wiese, Dr, Wiese, “ There’s, ”, Patricia Mokhtarian, John Goodwin, Rosalind Tucker, we're, Tucker, Aimee Lee, Lee Organizations: Atlanta Washington San, Mo . Chicago Minneapolis New, Mo . Chicago Minneapolis New York City Los Angeles Philadelphia Columbus Denver, The New York Times, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San Francisco Seattle Washington Midnight, Georgia Institute of Technology, Census, New York City –, Philadelphia –, Angeles –, Francisco –, Boston –, Seattle –, Chicago –, Denver –, Kansas City –, Miami –, Houston –, Minneapolis –, Washington –, Austin –, Dallas –, Atlanta –, Charlotte –, Columbus –, Nashville –, Detroit –, BART, area’s Metropolitan Transportation Commission, Labor Department, Atlanta Regional Commission, Lifeline, Chicago Metropolitan Agency for Planning, Regional Transit Authority, % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % Locations: Atlanta Washington San Francisco Boston Kansas City, Mo . Chicago Minneapolis, Mo . Chicago Minneapolis New York, Minneapolis, postpandemic, Atlanta, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San Francisco Seattle, South Minneapolis, North Minneapolis, Boston, Chicago , Kansas City, San Francisco, Washington, New York, Francisco, area’s

☆ These states have the highest—and lowest—millennial homeownership rates in America
▼ + stars: | 2023-11-06 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

Millennials in America have hit a significant milestone according to the latest data from the U.S. Census Bureau: a homeownership rate of 51.5%. While it's true that more millennials own homes now than ever before, where you buy a house can make or break whether you'll be able to afford to keep it, especially coming from a generation that came of age during the financial crisis. In September, Scholaroo, a college scholarship resource, ranked the states with the highest and lowest millennial homeownership rates based on data from the U.S. Census Bureau.

Persons: you'll Organizations: U.S . Census Locations: America, U.S, Scholaroo

☆ 15 major U.S. cities where starter homes can be found for less than $230,000
▼ + stars: | 2023-11-02 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

As home prices continue to rise, a starter home in a major city might seem more like a myth than a reality. However, there are 15 major U.S. cities where starter homes can be found for under $230,000, on average, according to a recent analysis by painting services company Five Star Painting. Starter homes commonly refer to relatively modest houses that are affordable for first-time homebuyers, or more generally, homebuyers with lower incomes. Of course, home prices vary by region, so buyers earning less than that could potentially afford a starter home in certain places. Based on Redfin real estate listings of the 50 largest U.S. cities, the following 15 markets had the lowest average starter home price, as of August 2023.

Organizations: Census Locations: U.S

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