Homebuyers could feel the pinch in an already-tight housing market as rising construction costs may lead to pricier homes after the National Federation of Independent Business reported that construction prices rose in February.The Consumer Price Index came in higher than expected at 3.2 percent on Tuesday, still higher than the Federal Reserve target of 2 percent.
'While inflation pressures have eased since peaking in 2021, small business owners are still managing the elevated costs of higher prices and interest rates,' Bill Dunkelberg, NFIB's chief economist, said in a statement.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Colorado’s housing market delivers January burst of new listingsNew listings skyrocketed in the Denver metro and across Colorado in January. The January Market Trends Housing Report from the Colorado Association of Realtors recorded an 80% jump in single-family…
Source: denverpost - 🏆 13. / 72 Read more »
Utah ranks third in nation for most unaffordable housing market behind Hawaii, CaliforniaHome sweet home is more within reach in every other state than Utah, except two—Hawaii and California.That’s according to a new report from bestbrokers.com, whi
Source: KUTV2News - 🏆 281. / 63 Read more »
Housing Market Update as Rental Prices DropRent prices are leveling off as the number of available apartments grows across the country.
Source: Newsweek - 🏆 468. / 52 Read more »
March Madness for XRP: $2.2 Billion Market Cap Boost Raises EyebrowsXRP stuns crypto market with $2.2 billion surge in March madness
Source: Utoday_en - 🏆 295. / 63 Read more »
How Millennials Are Shifting the Housing MarketThe generation's demand for housing isn't slowing down, experts say, helping to keep property prices high.
Source: Newsweek - 🏆 468. / 52 Read more »