U.S. Construction Spending Report The U.S. government is reporting that total construction spending in October, 2024 was at a seasonally adjusted annual rate of $2,174 billion, which is 0.4% higher than September’s revised number. However, October’s revised estimate is 5% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate […]
Construction spending in the U.S. sees a slight increase Read More »
NAHB Eye on Housing Report: Student Housing Construction Investment on the Rise A recent report from the NAHB’s Eye on Housing reveals that private fixed investment in student dormitories increased by 2.2% to a seasonally adjusted annual rate (SAAR) of $3.9 billion in Q3 of 2024. The report highlights the rebound in private fixed investment
Hardest Hit Sectors in an Inflationary Environment Industries and Individuals Facing the Brunt of Inflation Vulnerable Populations Impacted by Inflationary Pressures Economic Segments Experiencing the Greatest Inflationary Impact The Impact of Inflation on Consumer Prices in the United States If you’re a regular reader of this site you know that we cover inflation pretty extensively.
Latest Yardi Matrix Multifamily Report According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,748 in October, 2024. Year-over-year growth was 0.9%. Yardi says demand remains strong enough to balance the increase in deliveries in most markets. “Through September 2024, 329,000 apartment units have been absorbed, putting the market in
Yardi reports decline in multifamily rental prices Read More »
ATTOM’s October 2024 U.S. Foreclosure Market Report According to ATTOM’s October 2024 U.S. Foreclosure Market Report, there were a total of 30,784 U.S. properties with foreclosure filings. This figure is 4% higher than September and 11% lower than one year ago. Across the country, one out of every 4,578 housing units had a foreclosure filing
Foreclosure activity saw an increase in the month of October. Read More »
Orkin’s Top Rattiest Cities List Revealed for 2024 The pest control & rodent removers over at Orkin have released their annual Top 50 Rattiest Cities List for 2024. For the 10th consecutive year, Chicago has secured the number one spot, with Los Angeles and New York following closely in second and third place. Orkin determines
ATTOM Data’s Q4 2024 Vacant Property and Zombie Foreclosure Report According to ATTOM Data’s Q4 2024 Vacant Property and Zombie Foreclosure Report, there were nearly 1.4 million residential properties in the U.S. sitting vacant in Q4. That figure represents 1.3%, or one in 77 homes, across the nation – roughly the same as in the
Decrease in Zombie Foreclosures – Real Estate Investment News Read More »
U.S. Government Reports National Housing Vacancy Rates for Q3, 2024 The U.S. government is reporting that the national vacancy rates for Q3, 2024 were 6.9% for rental housing and 1% for homeowner housing. The national homeownership rate for Q3 2024 was 65.6%. In addition, approximately 89.9% of the housing units in the United States in
Top 10 States with the Lowest Cost of Living We’ve had a lot of posts related to the cost of living and how it affects real estate and quality of life. With that in mind, a recent report from Realtor.com reveals their list of the top 10 states with the lowest cost of living. The
10 States With the Most Affordable Cost of Living Read More »
National Association of Realtors Reports Decrease in Existing Home Sales The National Association of Realtors latest report reveals a 1% decrease in existing home sales in September, with a seasonally-adjusted annual rate of 3.84 million – marking a 3.5% decline year over year. Total housing inventory at the end of September was 1.39 million units,
September saw a 1% decrease in existing home sales. Read More »