"The housing industry, which constituted 32.9% of consumer spending in 2023, is at a critical juncture as policies aim to deport millions of immigrants in 2025."
"Redfin's report emphasized that about 30% of the construction labor force consists of immigrants, with nearly half being undocumented, raising concerns about labor supply for housing projects."
"NAHB's chief economist highlighted an expected rise in housing market rates, predicting that by the end of 2025, rates will be in the high 5% range, aiding builders and affordability."
"The Trump administration's immigration policies might impede efforts to alleviate the housing shortage, as decreased immigrant labor could stifle residential construction and elevate home prices."
Collection
[
|
...
]