Did You Know? Lennar Homes are making a big push into single-family rentals, targeting a new set of customers at a time when surging prices threaten to push homeownership out of reach for many. The Miami-based company is laying the groundwork to develop thousands of rental houses, seeking to raise $2 billion for the initiative.
Did You Know? US residential construction has largely weathered the pandemic thanks to steady demand and low-interest rates. Worksites nationwide are humming with good, paying jobs at a time when 1 in 8 workers are receiving unemployment checks yet some construction firms complain of a labor shortage... U.S. construction employs roughly 5% of the nation’s workforce (7.3 million employees) at some 680,000 firms, according to the Bureau of Labor Statistics (BLS). The industry is essentially its own economy, building hundreds of billions of dollars worth of structures each month. Many parts of the sector are hurting because of the pandemic. But in others, there’s too much work to go around. And acute labor shortages, especially SKILLED labor. (Bloomberg)
Did You Know? After years of reports that he was purchasing agricultural land in places like Florida and Washington, The Land Report revealed that Bill Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland portfolio spanning 18 states....and is now the US' largest farmland owner.
Did You Know? Federal Reserve Chairman Jerome Powell affirmed his commitment to keeping interest rates low for the foreseeable future even as he expressed hope for a strong economic recovery. (CNBC)
Did You Know? It’s Whale season….Get out your paddleboards and your binoculars. Not only are we having amazing sunsets but now the whales passing by…..