What’s Happening in the News: July 8, 2020

Well, we’re late with the news this week. You could blame the holiday (hope you enjoyed yours!). But you should actually blame some other exciting projects we’ve been up to. Stay tuned! In this week’s links, we look at how the pandemic may affect our happiness, the economy, and millennial wealth over the long term. Plus, we take a look at two exciting stories about people who are shaking up the construction world. Read on!

Recovering Our Well-Being

Americans were unhappy before the pandemic. In 2019 we ranked an uninspiring 19th in the World Happiness Report. And according to a report from NBC news, not surprisingly, we’re even unhappier now. But there may be a silver lining. Amid the insecurity, people are slowing down and spending time with their families. They’re reaching out to others, even though it’s a virtual reach these days. Our mindset may be evolving to not only better prepare us for the next crisis, but to help us be happier in general.

“To achieve better future results for both health and happiness, there is emerging evidence that shared social norms and the willingness to elevate the interests of others are much more effective than are stringently enforced lockdowns.”

John F. Helliwell, editor of the World Happiness Report

Millennials Are Jumping at the Opportunity to Buy Property

Although it has hurt the economy, the crisis has put property ownership within reach of some millennials, reports NestEgg. Of course, low interest rates are playing a part. But quarantine has also given millennials a chance to focus on saving (and of course, it’s reduced opportunities for frivolous spending).

Not As Quick As We’d Hoped

At the beginning of the pandemic, everyone seemed optimistic for an economic recovery that was fairly quick and V-shaped. Bloomberg’s article World Economy That Took Elevator Down Faces Steep Stairs Back Up explains why recovery might look more like a “W”–or even a chainsaw blade. Ouch!

University Grads Score “Zero”

Here’s an exciting story about a group of university students in Utah who built a brand-new net zero house for $300,000. (Or you can click straight through to a photo gallery here.) Now they face the problem of selling their project. As it turns out, the only reason that’s a problem is that they have too many offers!

Like IKEA…but Houses

Photo by Andrew Pogue; Courtesy of NODE

Modular housing has long been popular because it’s affordable. But these are not the prefab houses of yesteryear! NODE is a company building houses that pack flat to ship and are assembled on site. They’re beautiful, carbon negative, and only take two weeks (and four people) to build.

Stay safe, and we hope you’ll be back next week!

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