Housing & Rates: Mortgage rates stayed near 6.5% (30-year fixed about 6.43%), while June jobs came in soft (57,000 added), keeping pressure on affordability but not yet breaking the housing market’s modest momentum. Policy & Supply: House Speaker Mike Johnson says a major housing bill will become law without Trump’s signature, even as Trump conditions support on election-law changes—raising uncertainty for timelines that affect builders and buyers. Federal Real Estate & Reuse: The First Bank of the United States in Philadelphia reopened after a $43M restoration, a reminder that adaptive reuse is accelerating as older buildings get repurposed instead of demolished. Workforce for Construction: The U.S. Department of War awarded $10M for skilled-trades scholarships for veterans, aiming to feed the labor pipeline for construction and infrastructure. Local Resilience Projects: Pinellas County won $29.4M to repair Hurricane Milton-damaged creeks, targeting erosion and flood risk around homes and infrastructure. Commercial Real Estate & Data Centers: Equinix agreed to buy West Africa’s MainOne at a $320M valuation, signaling continued U.S. capital flow into data-center growth markets. Real Estate Fraud & Enforcement: A former Detroit-area nonprofit homeownership director was sentenced to 90 months for bribery tied to stealing homes from low-income homeowners facing foreclosure. Markets & Jobs: Employers added fewer jobs than expected and revised prior months down, reinforcing a cautious economy that can ripple into housing demand. Trade & Costs: Trump’s USMCA move shifts the pact into annual review, creating uncertainty that could eventually affect consumer prices. Construction Disruption: Missouri’s I-70 interchange work brings overnight lane closures and detours starting July 8.