Homebuilders continue to be bullish on the American housing market as housing permits remained above 1.7 million for the fifth straight month, coming in at 1.76 million in April. … READ MORE >
Real estate
CHART OF THE DAY: New home sales jump 20.7% in March
New home sales in the United States bounced back with a 20.7% increase in March after a surprising 18.2% decline in February, according to Commerce Department data released Friday. … READ MORE >
CHART OF THE DAY: Existing home sales slump but market remains hot
Sales of existing homes decreased 3.7% in March to an annual rate of 6.01 million for the second straight monthly decline, according to data from the National Association of Realtors released Thursday. … READ MORE >
House of the rising costs: Construction materials surge amid higher demand, supply constraints
Construction material costs have been rising since last June, and the increase is having a big effect on the residential construction industry. Everything from lumber to asphalt to cement to insulation has soared in price as the home building industry has heated up. … READ MORE >
CHART OF THE DAY: Housing is on fire
Housing starts skyrocketed 19.4% in March to 1.739 million, blowing past expectations of 1.613 million and well above the 1.5 million long-term equilibrium, according to government data released Friday. … READ MORE >
CHART OF THE DAY: Existing home supply lags demand and spike in real estate agents
Combine the recent spike in real estate agents with the high-demand environment and the existing home supply has not been able to keep pace. … READ MORE >
CHART OF THE DAY: New home sales drop 18.2% in February as market cools
New home sales fell 18.2% in February compared to January to a seasonally adjusted 775,000 — a nine-month low. At the same time, median home prices eased 1% to $349,400 nationally, according to government data released on Tuesday. … READ MORE >
The distressed real estate market that hasn’t materialized
A year into the pandemic-induced recession, property values have not only defied expectations of a drop, they have moved higher. The Commercial Property Price Index (CPPI) from Real Capital Analytics has increased almost 7% over the last 12 months. … READ MORE >
CHART OF THE DAY: Housing market hits the brakes
The growth in the housing industry came to a sudden end in February as housing starts fell 10.3% month over month to 1.4 million and permits fell 10.8% to just under 1.7 million, according to government data released on Wednesday. … READ MORE >
Building the new normal in health care
As the health care provider industry works toward a new normal, physical infrastructure scrutiny will likely be top of mind for many organizations. … READ MORE >