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Greenway's Markets in a Minute I The Pandemic is Affecting Home Design

Jan 8
5:27
AM
Category | Markets in a Minute

  • The Democrats' sweep of Senate seats in Georgia completed the "Blue Wave" and added to expectations of increased economic stimulus in 2021, which could lead to rising rates.
  • Private payrolls posted the first drop since April, as reported by ADP. Leisure and hospitality suffered the biggest losses, with most cuts coming from large businesses.
  • Last month's Fed meeting minutes showed that markets will get plenty of notice before any cuts on bond purchases. The reassurance will help keep mortgage rates low.

 

  • Construction spending increased strongly in November, especially residential spending, boosted by a robust housing market and historically low mortgage rates.
  • The number of U.S. households is projected to grow by up to 12 million by 2028. Generation X and millennials are expected to drive most of the household formation.
  • The pandemic is influencing home design in ways that are likely to continue for years to come. Trends include upgrading technology and using rooms for combined purposes.

 

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