Class A offices in the Sun Belt are gaining in popularity, reflected by higher prices. Flexible offices are emerging amid an uptick in remote and hybrid work. Conversions to industrial and residential space will continue to absorb excess office capacity. Read about other sectors The arrival of the omicron variant … … READ MORE >
Real estate
From distress to recovery, hospitality avoids worst-case scenarios: Spring 2022 outlook
As the pandemic appears to be moving into the endemic phase, corporate leaders are asking tough questions about business travel: When is it safe to get teams back on the road? Which planned in-person events can become virtual going forward? Does the growing focus on environmental, social and governance issues mean responsible corporations should reduce their travel footprints? Meanwhile, leisure customers weary of intermittent lockdowns and other pandemic restrictions have resumed vacation travel, helping to keep hotel occupancy at healthy levels. … READ MORE >
Real estate and construction industry outlook: Spring 2022
Amid the ongoing pandemic, the real estate industry has shown significant opportunity and resilience. Check out Real Estate and Construction Industry Outlook: Spring 2022 for details on the hospitality, commercial office and housing sectors. … READ MORE >
Chart of the day: New home sales rise above 11% for second straight month
Sales of new single-family homes in December beat the market’s median estimate by a wide margin, rising by 11.9% to 811,000 on an annual basis, according to data released by the Commerce Department on Wednesday. … READ MORE >
Chart of the day: Existing home sales fall 4.6%
Existing home sales in the United States cooled off significantly in December, dropping 4.6% on the month to 6.18 million homes sold amid near-record housing prices and supply constraints. … READ MORE >
Chart of the day: Housing starts and permits end year with upside surprises
The housing market ended the year strong as housing starts and permits rose unexpectedly in December, beating earlier estimates of potential declines. … READ MORE >
Housing starts in Canada fall as materials remain in short supply
Canada’s housing starts in December fell to 236,100, a drop of 22.3% from November because of material shortages following the floods and landslides in British Columbia that kept construction materials stranded at the Port of Vancouver. … READ MORE >
What investors must know about opportunity zones before 2022 and beyond
The December deadline is drawing increased interest from real estate investors. There are benefits to investing in opportunity zones past 2021. Check out the questions investors should ask. … READ MORE >
Biden’s $1.2 trillion infrastructure package and real estate
In the long term, the new infrastructure bill will drive GDP growth and job creation, with both boosting demand for real estate. Additionally, existing communities will improve and new communities will be created with the investment in roads, bridges and public transportation … READ MORE >
Biden’s $1.2 trillion infrastructure package and the construction industry
The new legislation offers construction a sustained capital infusion over the next five to seven years that will provide longer-term opportunities for growth, while helping to shore up America’s aging infrastructure. … READ MORE >