We're entering year three of a scorching hot housing market, but even if the economy recovers as expected, that won't immediately solve the housing supply shortage across the U.S. The shortage existed before 2020, but the pandemic made things even worse.
There's a lack of materials due to supply chain bottlenecks, and building companies have struggled to fill jobs amid the great resignation. Low supply matched with high demand has sent prices soaring.The average household income in United States is just over $67,000, and if you follow the advice of conventional financial planners, you shouldn't buy a home worth more than three times your salary.
That means the average household should shoot for a home around $200,000. However, that's half of what they're going for these days, on average. The good news is some experts say a turnaround is coming as the U.S. Federal Reserve prepares to raise interest rates. Chairman Jerome Powell said earlier this month that interest rates could rise at least three times or more this year if inflation doesn't fall. But it's still unclear how quickly that will happen, or just how much it might bring prices down.
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US Vaccine Mandate on Freight Drivers Coming From Canada May Worsen Auto Supply Chain ShortageAn estimated 12,000 drivers could be prohibited from entering the United States under the mandate that may take effect Saturday, according to the Canadian Trucking Alliance.
Source: NBCDFW - 🏆 288. / 63 Read more »
American lobster sales remain strong in China despite labor and product shortagesWhile supply chain, transportation and labor issues have caused problems for the industry, lobster exports to China are still strong. R they still eating dog ? Maybe that's their 2nd course on the menu. Pathetic we ship 🦞 to COMMUNIST CHINA😡
Source: FoxBusiness - 🏆 458. / 53 Read more »
U.S. to let teens drive big rigs in test program to help ease supply chain shortageCurrently, truckers who cross state lines must be at least 21 years old, but an apprenticeship program to ease supply chain backlogs would drop that age to 18. That would be a disaster the trucker's now with low expirience are killing us and dint understand the rules/laws of the road. A study already proved there is no shortage of drivers but a shortage of quality compensation for drivers who own their rigs.look it up That’s a terrible idea They’re already driving to dangerously please don’t 🙏🏽🙏🏽🙏🏽
Source: ABC7 - 🏆 67. / 68 Read more »
U.S. to let teens drive big rigs in test program to help ease supply chain shortageCurrently, truckers who cross state lines must be at least 21 years old, but an apprenticeship program to ease supply chain backlogs would drop that age to 18. Maybe don’t fire all the existing drivers because of a worthless mandate. vander_god Oh yeah , what could go wrong? greatest country on earth. dont me
Source: ABC7Chicago - 🏆 284. / 63 Read more »
Supply Chain Shortage Leads To Some Philly Area Hardware Stores Being Overstocked With Winter Weather Products‘It’d be nice to move some of this inventory out.’ Due to concerns over the supply chain shortage, some hardware stores in the Philly area are overstocked on winter weather products. MattPetrillo reports.
Source: CBS Philly - 🏆 308. / 63 Read more »
Holidays sales hit record $886.7 billion, says National Retail FederationNational holiday sales hit a record despite supply-chain problems, inflation, COVID-19 and other detractors.
Source: clevelanddotcom - 🏆 301. / 63 Read more »