Industrial production, housing starts and permits rebounded in July, affirming RSM’s third-quarter GDP growth outlook. … READ MORE >
Real estate
Housing starts and permits drop in June as rates surge
New residential starts fell by 8% on the month, while permits for new buildings declined by 3.7%, the Commerce Department reported on Wednesday. … READ MORE >
Housing starts and permits spike in May as sentiment improves
There were 1.6 million new housing starts in May—the most in two years and a 21.7% increase from the previous month. … READ MORE >
Jobless claims and housing starts come in hotter than expected
Jobless claims and housing starts blew past forecasts in the most recent reports released Thursday, both showing stronger-than-expected results amid a looming economic downturn. … READ MORE >
Generative AI: Disruptive or flawed innovation for real estate?
Generative AI has a wide range of applications that will revolutionize the real estate industry. While there is room for improvement and a need for oversight, we expect to see increased adoption across every sector of the industry as a key driver of digital transformation. … READ MORE >
Fed’s survey of loan officers points to caution in the middle market
Even as financial conditions have eased in recent months, helping to spur a rally in equity markets, one area of America’s real economy has been flashing warning signs: the commercial and industrial loan market. … READ MORE >
Real estate dealmaking adjusts amid fears of a frozen market
For real estate private fund investing, rising rates have made deal metrics harder to obtain, and as a result, the amount of capital being raised for funds has created hesitancy in the overall market. … READ MORE >
Home sales dropped by 17.8% last year in biggest drop since 2008
December’s sales declined by 1.5% to 4.02 million units annualized. That brought the total number of units sold last year to 5.03 million, 17.8% lower than in 2021. … READ MORE >
Housing starts fell last year for the first time since 2009
Housing starts dropped by 1.4% on an annualized month-ago basis, while building permits fell by 1.6%. For all of last year, housing starts fell by 3%. … READ MORE >
Housing starts and permits fall as the correction continues
New housing starts dropped for the third month in a row in November as the housing market continued to be in correction mode. … READ MORE >