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Evercore: Q2 GDP, PCE data came in stronger than expected, but 'not enough to seriously challenge' expected September Fed rate cut; robust figures driven by surge of immigrant workers, strong domestic labor force participation, healthy productivity levels

NY A00568: Prohibits employers from using federal electronic employment verification system for existing employees or applicants without job offers and restricts municipalities from requiring its use.

John Burns Consulting: Steady demand continued for single-family rental industry in H1, as healthy economy is driven by job growth, immigration and rising incomes; for-sale affordability challenges put homeownership out of reach, supporting demand for SFR

Deutsche Bank estimates US immigration spike over past four years has increased number of people employed and reduced total job vacancies by as much as 3.9 million, easing wage pressures that intensify inflation

John Burns Consulting: Demographic changes impacting housing include policy shifts reducing US immigration, young adults' record employment driving demand for rental housing, and rise of hybrid/remote jobs encouraging migration to suburban/exurban areas

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