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Labor Market Strong, But U.S. Homebuilding Slowing

  • Category business
  • Definition HD
  • Resolution 1280 x 720
  • Duration 00:00:38
  • Year 2018
  • Language English

Labor Market Strong, But U.S. Homebuilding Slowing

Reuters reports U.S. homebuilding rebounded less than expected from a nine-month low in July. The figures suggest the housing market is likely to tread water for the rest of this year against the backdrop of rising construction costs and labor shortages. However, the fundamentals for the housing market remain strong. New filings for jobless benefits fell again last week, pointing to sustained labor market strength. This in spite of an escalating trade war between the United States and China that has rattled financial markets.

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