The Headlines September 8, 2017

Ten Home Building industry stories we have read recently:

• US home prices surge in June, led by Seattle.  AP.
• A temporary Band-Aid on labor shortages.  NAHBNow.
• Ditching Digital Distractions.  REALTORMag.
• HUD report shows housing affordability crisis is worsening.  NAHBNow.
• The housing collapse hit minorities hardest — and the impact is still being felt across America.  Business Insider.
• Almost 80,000 starts last year were tear-downs (23,800 in the South).  NAHBNow.
• Diverse millennial population could change housing as we know it.  Housingwire.
• Four major U.S. cities ring housing bubble alarm.  CNBC.
• High prices and student loans put housing out of reach, readers say.  Los Angles Times.
• Builders report labor shortages on the rise.  NAHBNow.
  

September 8, 2017.

Labor Department targeting large home builders

According to the Associate Press, the Labor Department is investigating large U.S. homebuilders to see if they failed to pay workers the minimum wage or overtime.  A spokesman says the agency is investigating compliance with wage-and-hour laws in the homebuilding industry as part of a crackdown targeting several industries.  Click here to read the entire story at AP.