Job Growth Rebounds, But Uncertainty Remains
Real Estate In-Depth • April 3, 2026
Dr. Lawrence Yun: Jobs Growth Signals Economic Strength with Housing Implications
The latest jobs report shows stronger-than-expected hiring and a slight drop in unemployment, signaling resilience in the labor market. However, ongoing economic uncertainty, including wage stagnation and shifting workforce trends, continues to create mixed signals for the broader economy and housing market.
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Construction has started on 70 Westchester Avenue, a 203-unit apartment development located on the former White Plains Chrysler Jeep Dodge Ram dealership site.
Kennedy Wilson, in partnership with Japanese investment firms Kenedix, Inc. and Hulic Co., Ltd., has acquired Carraway, a 421-unit multifamily community in West Harrison, for $237 million.
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City Center occupies a prominent location within White Plains' central business district and has been an important component of the city's broader redevelopment efforts.
While the individual transactions vary in size and use, they collectively reflect continued business investment throughout the region.
For many Riverdale residents, particularly retirees and those living on fixed incomes, the prospect of additional housing costs has become a significant concern.
