ATTOM: 2Q Home Seller Profits Surge

ATTOM, Irvine, Calif., said profit margins on typical home sales hit another record in the second quarter amid the fastest rise in home prices in more than a decade.

June Construction Spending Down; Manufacturing Slows

Construction spending in June fell by more than 1 percent from May, the Census Bureau reported Monday. In a separate report, Institute for Supply Management, Tempe, Ariz., said its Manufacturing Index fell by 0.2 percent to a nearly two-year low.

Yardi Matrix: Multifamily Outlook Hopeful Amid Volatile Economy

The multifamily market produced exceptional rent growth in the first half of 2022, driven by robust household formation, strong employment growth and households getting frozen out of homeownership, said Yardi Matrix, Santa Barbara, Calif., The sector, however, is at an inflection point as soaring inflation prompts the Federal Reserve to raise interest rates to reduce growth.