Greenway's Markets in a Minute I How is the Pandemic Impacting Manufactured Housing?
Consumer prices rose 0.2% in November, as an increase in energy costs offset a drop in food prices. Overall prices are up 1.2% over last year, keeping inflation in check. |
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Congress continues to work on a relief plan of nearly $1 trillion, which will likely be part of a larger spending bill that may get done sometime next week. |
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Jobless claims surged last week to 853,000, the highest number since September 19. Continuing claims saw their first increase since August, up 230,000 to 5.76 million. |
NAR reports 1 in 3 people have transitioned to full or partial remote work during the pandemic, freeing them up to move. 8.93 million people have relocated this year. |
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The pandemic economic downturn has coincided with a booming housing market. October existing home prices for all housing types jumped 15.5% over last year, according to NAR. |
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Online searches for manufactured homes saw an annual increase of more than 50% from May to September. The increased interest came as single-family home prices soared. |