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Tuesday, October 5, 2021

The Daily Money: Building faster, cheaper homes 🏡

In today's Daily Money newsletter, we have insights into cheaper homebuilding, everything going on with Facebook and family vacations. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Tuesday, October 5

Good morning, Daily Money folks, it's Josh here again covering for Nathan. 'Tis Tuesday and it feels like it, right?

TIL: Steel is cheaper than lumber when it comes to homebuilding. As the incomparable Swapna Venugopal Ramaswamy reported, the San Mateo-based company Veev, eliminated lumber from the homes it built, replacing it with steel and slabs made of a mix of acrylic and minerals that bind together. "The company says it can build homes at least four times faster than traditional construction at a cheaper price," she says in her story.

There's a joke there about the wolf not being able to blow away the little pig's steel house, but I can't quite figure it out. Email me if you think of a good steel pun!

In other news, there's never a shortage of drama when it comes to Facebook. From massive outages to having its internal documents exposed, the company is having a busy week. But who is Frances Haugen, the whistleblower who is taking on Facebook? Queen, icon, legend Jessica Guynn breaks it down for us here. 

Also, we're doing live updates on the Senate hearing here, if you want to follow along.

💰 The Daily Money is USA TODAY's Monday-through-Friday-morning roundup of all things personal finance, business and tech. If this email was forwarded to you or if you found it online, you can subscribe for free here!

On to our ... 

💡 INSIGHT OF THE DAY: While social media has its benefits, too much time on these platforms is linked to depression, anxiety and stress, Dr. Shahla Modir, chief medical officer at All Points North Lodge, an addiction treatment center, explained to Sara Moniuszko over at Life.

📰 And here are more stories you won't want to miss:

1. Social Security needs a lifeline. If lawmakers don't act soon, benefit cuts could be a real possibility.

2. Southwest Air Lines is the latest in the industry to add an employee vaccine mandate. Southwest joins American Airlines, Alaska Airlines and JetBlue. Does that impact your decision to travel? 

3. If family vacations have a secret season, autumn must be it. Here are 7 family-friendly vacation ideas now that you don't have to worry about sweating every time you step outside (apologies to those not on the East Coast still dealing with heat).

Onward, my friends!

—Josh Rivera

Amit Haller, 52, CEO of Veev, poses for a portrait at the Veev Digital Lab fabrication space  in Union City, Calif. on Oct. 1, 2021. Veev, a real estate company, is started to switch to building homes with steel rather than lumber.
Could homes of steel ease the housing crunch?
The U.S. housing sector, which is facing a shortage of 5.5 million to 6.8 million housing units, is in need of innovation, say experts.
Could these changes be coming to Social Security?
Social Security cards
Black households hit hard by soaring rents and housing shortage
A man walks in front of a "For Rent" sign in a win
Battling ageism: How can older workers compete in today's job market?...
Are you confused by cryptocurrencies? You're not alone, study shows
A messy pile of physical gold Bitcoin set atop a s
Tesla must pay ex worker nearly $137 million over hostile workplace
An aerial view of the Tesla Fremont Factory on May
7 fantastic fall vacation ideas for families
North Carolina: Blue Ridge Parkway     • Visitors
Southwest is latest airline to mandate vaccines for workers
A Southwest Airlines Boeing 737 parked at the gate
Tesla delivers a record number of cars despite chip shortage
Red Tesla Roadster in motion as the sun rises.
Disney to introduce new 'magic' bands
MagicBand+ will debut in 2022 at Walt Disney World
 
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