Great Recession's Ghost: How Construction Worker Exodus Still Haunts Housing Market
• 1 min read
A decade after the 2008 housing crash, regions hit hardest by the Great Recession face 17-20% fewer construction workers and significantly reduced housing production. This lasting workforce decline continues to restrict housing supply and drive up costs nationwide, despite strong demand.
US Labor Market Signals Recession Risk Despite Wall Street Optimism
• 1 min read
Société Générale analysts warn of potential US recession as November's unemployment rate surpasses key threshold. The concerning labor market indicator, which has preceded every economic downturn since 1950, contrasts sharply with Wall Street's bullish outlook for 2024.