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Housing starts posted a double-digit gain in August thanks to a big uptick in multifamily production, though single-family starts remained tepid.
According to data from the US Department of Housing and Urban Development and the Census Bureau, overall housing starts increased 12.2% to a seasonally adjusted annual rate of 1.58 million units in August from a downwardly revised July reading.
Ten US Housing Markets That are Cooling the Fastest
Apartment Rents Are Growing Faster in Low-Cost Cities
Powell: US Housing Sector Needs a Correction
Market-Rate Apartments Flourishing in College Towns
Commercial Real Estate Remains a Critical Investment Asset, Even as Cap Rates Rise
It has outperformed other asset classes from a yield perspective, and as the costs of homeownership continue to be staggeringly out of reach for many would-be buyers, demand drivers remain strong.
But average monthly rent hit a new record in July.
Rate hikes “dampen consumers’ spending power in the economy as a whole.”
The Business Case for an Intelligent Digital Backbone in Multi-tenanted Commercial Buildings
The commercial real estate industry is navigating changing dynamics with the rise of hybrid working environments and greater demand for digitally-enabled buildings and spaces. But delivering on this demand brings increasing amounts of complexity. Download this eBook for key considerations when evaluating a digital infrastructure.
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Download this white paper to understand if and how COVID impacted domestic migration patterns on a state, city and zip code level; including how these patterns are affecting CRE stakeholders.
2022 Multifamily State of the Industry Report
There are three major trends converging to shape new renter dynamics: The Great Resignation, The Occupancy Fallacy, and The Renter Research Revolution. Download this report to explore these trends and learn how to thrive in this new era.
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