The upcoming week is filled with crucial economic data releases that will provide insight into the state of the U.S. economy as it transitions into 2025. A mix of labor market reports and key Fed communications will shift expectations about growth and Fed policy, resulting in large swings in the interest rates that govern consumer borrowing costs for credit cards, auto loans and mortgages.
The main event is the December jobs report, where employment gains are expected to have slowed.
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The surge of illegal immigration under President Joe Biden has exacerbated an already costly housing market for average Americans by worsening a shelter shortage, experts told the Daily Caller News Foundation.
The U.S. currently has an estimated shortage of 4 million to 7 million homes as developers struggle to keep up with demand amid harsh financial conditions and burdensome regulatory processes, according to Pew Charitable Trusts. Average Americans looking for a home are being squeezed by rising housing costs due to inflation and elevated mortgage rates, but the recent influx of illegal immigrants is putting even more stress on the system by aggravating the current shortage of supply in the housing market at a rate that developers can’t keep up with, according to experts who spoke to the DCNF.
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