Morning Roundup (3/2/2022)– Luxury Market, NAHB HBGI

Good Morning! Today is Wednesday, March 2. President Biden delivered a pro-democracy State of the Union speech that also touched on Covid-19 and his domestic agenda. At least 136 civilians and about 2,000 Russian soldiers have died in Ukraine. Major League Baseball postponed the start of the season because of a labor disagreement. The Mortgage Note Reports Hot Luxury Market: Demand for luxury housing rose 14.5% YOY in 2021 as the number of affluent individuals worldwide skyrocketed. NAHB HBGI: Single-family growth cooled in Q4 2021 while multifamily growth in high-density areas surged as apartment demand rises, according to NAHB’s HBGI. And in other mortgage and housing news… Labor Shortages: The construction industry needs 650,000 more workers to meet demand in 2022, according to an analysis…