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Total housing permits rose in October, posting a 4.0 percent gain to 1.650 million in October from 1.586 million in September. Total permits are up 3.4 percent from the October 2020 level. Single-family starts have been trending lower from a peak around the start of the year but the r...
The state of global commercial real estate. Will the great return to office save office properties? Outlook for retail properties as foot traffic in malls rises. For further details see: Will 2022 Be The Comeback Year For Commercial Real Estate?
Last Thursday, the Commerce Department announced that its preliminary estimate for third-quarter growth was an anemic 2%. This was partly due to the fact that consumer spending grew at only a 1.6% annual pace, down from a torrid 12% annual pace in the second quarter. The Commerce Depa...
The U.S. new homes market is showing signs of stagnation. That can be seen in the trend for the market capitalization of new homes sold in the U.S., which moved sideways from August to September 2021. Speaking of real shrinkage, the number of new homes being sold in the U.S. has conti...
Sales of new single-family homes posted a strong gain in September, increasing 14.0 percent to 800,000 at a seasonally-adjusted annual rate from a 702,000 pace in August. The median time on the market for a new home fell in September, coming in at 3.2 months versus 3.6 in August. ...
Rising rates emerged as one of Q3’s main concerns, as bond yields rose to levels not seen since earlier in the year. Latest headline inflation data is beginning to level off after the initial dramatic rise in the first half of 2021. Elevated inflation is filtering into the ...
Sales of existing homes jumped 7.0 percent in September, to a 6.29 million seasonally adjusted annual rate. The median sale price in September of an existing home was $352,800, 13.3 percent above the year ago price. Total inventory of existing homes for sale fell in September, dec...
Total housing starts fell to a 1.555 million annual rate in September from a 1.580 million pace in August, a 1.6 percent decrease. Regionally, single-family and multifamily permits followed a broadly similar pattern with declines in September, but with the overall pace holding at soli...
While most economic indicators deteriorated last year, house prices largely shrugged off the effects of the pandemic. Of the over 60 countries that enter into the IMF’s Global House Price Index, three-quarters saw increases in house prices during 2020, and this trend has largel...
The median sale prices of new homes sold in the U.S. rose faster than median household income in August 2021. Median household income in August 2021 is 18.4% of the median new home sale price. A mortgage payment for a median new home has been rising faster than median household in...