Inman Connect
A surprisingly disappointing jobs report could hold a silver lining for housing markets, giving the Federal Reserve justification to continue policies that keep a tight lid on interest rates.
But that silver lining could evaporate if employers are forced to raise wages too quickly to fill openings, sparking inflationary pressures that spook bond investors and forcing the Fed to give interest rates more room to run. In addition, housing industry leaders are anxious to see more people working in construction, as builders struggle to keep up with demand for new homes.
U.S. companies added 266,000 workers to their payrolls in April, when economists polled by Reuters had expected payrolls to grow by closer to 1 million jobs. And it turns out that only 770,000 jobs were added in March, not the 916,000 originally reported, according to the Department of Labor.
Fannie Mae ups origination estimate, citing stronger new-home data
nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.
Home buying sentiment at five-month high as spring season begins
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Record share of lenders expect declining profits in 2021: Fannie Mae
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