Dwight Securities Management raised funding to originate as much as $1 billion in construction loans, targeting the housing shortage that has driven up costs across the US https://t.co/JWvIKZ49Ga ...

Group 1 - The current high interest rates are exacerbating housing affordability issues, potentially hindering household formation and wealth accumulation for certain population segments [1] - The housing sector is significantly influenced by monetary policy, with low rates during the pandemic providing crucial support to housing companies [2][3] - Lower borrowing rates for builders are expected to help increase supply, but substantial changes in rates are needed for a significant impact on the housing sector [3] Group 2 - There is a nationwide housing shortage that is not cyclical and cannot be addressed solely by Federal Reserve policies [4] - Forecasting in the current economic climate is particularly challenging, with forecasters expressing uncertainty about their projections [5]

Housing Market & Monetary Policy - Interest rate hikes exacerbate housing affordability issues, potentially hindering household formation and wealth accumulation [1][2] - Lowering interest rates aggressively during the pandemic helped housing companies by providing credit and financing [2] - Rate changes tend to affect mortgage rates, which in turn influence housing demand [2] - Analysts believe significant rate changes are needed to substantially impact the housing sector [3] - Achieving maximum employment and price stability creates a strong economy beneficial for housing [3] Housing Supply & Demand - A nationwide housing shortage exists, particularly around metropolitan areas [4] - Building farther from metropolitan areas increases costs [4] Economic Forecasting - Forecasting is very difficult, especially in uncertain times [5] - Forecasters currently lack great confidence in their projections [5]

Americans coming to study at Irish universities are jumping into the middle of a severe housing shortage https://t.co/FQ9e0sPfzB ...

Welcome back to the exchange. California is one of the most populous and expensive states in the country to live in. It's facing a severe housing shortage.Today in our California economy series, Kate Rogers is back with a look at how the state's construction industry could be impacted to changes in trade and immigration policy. Kate, >> hi John. The construction sector is facing a shortage of workers nationwide.And in California, the industry has one of the highest populations of immigrant workers. Over 60% ...

Canada’s budget watchdog says slower immigration means current homebuilding can ease shortages and lift vacancies https://t.co/pzqfvjWXG7 ...

We see the same thing you do in the in the housing market. It's it's tough. There's not uh people are locked in.They can't afford to get out of their house because the cost of getting to a higher mortgage higher higher price mortgage would be would be a lot. So, um the best thing we can do though is to get inflation sustainably down to 2% and have it stay there over a long period of time. A long period of time.And that that is really what we can offer to them. Um, and I think, you know, to so if you go back ...

Group 1 - A crisis in the housing market in Sydney is spreading due to skyrocketing construction costs, leading to hundreds of approved projects being stalled and a surge of unfinished homes entering the market [1][3] - Many homeowners are abandoning their construction or renovation projects, with some homes only partially completed, reflecting the severe impact of rising material prices, labor costs, and the bankruptcy of construction companies [3][5] - Tim Reardon from the Housing Industry Association indicates that many projects approved before the interest rate hikes in 2022 can no longer be delivered within the approved specifications and current costs, resulting in a significant number of stalled projects, particularly in the apartment market [3][5] Group 2 - Reardon notes that developers are choosing to delay or cancel projects before they start, and those that are underway often involve highly customized homes that are now left incomplete, highlighting structural issues within the residential construction industry [5] - The construction commencement rate is expected to remain low for at least the next three years, exacerbating the housing shortage [5] - Unfinished homes are being listed for sale, with examples including properties in Horsley Park and Oyster Bay, indicating a troubling trend in the market [5][8] Group 3 - Scott Cam, a long-time host of a renovation show, points out that homeowners often stop construction due to budget constraints, which is particularly challenging in the current environment of rising material costs [8] - Anne Flaherty from REA Group states that slow price growth in certain areas is contributing to the decline in housing completion rates, with unprecedented construction cost increases since 2021 making some projects unprofitable [8] - The combination of rising construction costs and declining market prices poses significant challenges for the housing market, making it difficult for projects to be profitable [8]