U.S. construction spending increased more than expected in December, boosted by single-family homebuilding, but high mortgage rates could curb further gains in new residential construction.The Commerce Department's Census Bureau said on Monday that construction rose 0.5% after an upwardly revised 0.2% increase in November. Economists polled by Reuters had forecast construction spending would advance 0.2% after being previously reported as unchang
Favorable conditions make this health care subsector a strong choice.Investors are gravitating toward health care real estate—including medical outpatient buildings—and for good reason, according to Paul Leonard, director of research and real estate for the Americas at Nuveen.The current environment is an “opportunistic entry point” for investors in medical outpatient buildings, Leonard says, citing favorable conditions including:HIGH HEA
The real estate community has mobilized to aid the recovery process, sending financial help and more to those affected by the deadly blazes.The Los Angeles area has faced raging wildfires that have reduced entire neighborhoods to ash in an area equivalent to the size of San Francisco. The real estate community has been quick to act by raising funds for victims of the blazes through the REALTORS® Relief Foundation (RRF), organizing donation d
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Smart homes have become more than just a trend—they are quickly reshaping the residential construction landscape. With homeowners seeking enhanced convenience, energy efficiency, and security, integrating smart technology into new builds is becoming a priority for residential builders. For those in the industry, understanding the implications of this shift is crucial for staying competitive and meeting expectations.This article explores the ris
Single-family rentals (SFR) are fueling rent growth across the country as homeownership remains challenging due to significant upfront costs and unpredictable mortgage rates.The asking rent for a typical single-family home was $2,174 in December, according to Zillow data. That’s up 4.4% from last year and 40.6% over the past five years. By comparison, multifamily rents grew just 2.4% from last year and 26.2% over the past five years, according
Every major capital source for commercial mortgage debt increased its holdings of mortgages during the third quarter of 2024.The level of commercial/multifamily mortgage debt outstanding increased by $47.7 billion (1.0 percent) in the third quarter of 2024, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report, released recently.Total commercial/multifamily mortgage debt outstan
Apartment market conditions declined in the National Multifamily Housing Council’s (NMHC’s) most recent Quarterly Survey of Apartment Market Conditions, released Tuesday. All four indices – Market Tightness (40), Sales Volume (41), Equity Financing (48) and Debt Financing (32) – came in below the breakeven level of 50, signaling less favorable conditions this quarter. “Census data show that more apartments were delivere
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