May Housing Starts Plunge Amid Market Volatility
Housing starts fell sharply in May, HUD and the Census Bureau reported Thursday, as continued market volatility and higher interest rates took a toll on both consumers and home builders.
Office Sector Future Still Murky
CommercialEdge, Santa Barbara, Calif., said the office sector’s future remains murky, even more than two years after the COVID-19 pandemic started.
MBA: Record-High 1Q Commercial/Multifamily Mortgage Debt Outstanding
Commercial/multifamily mortgage debt outstanding increased by $74.2 billion (1.8 percent) to record levels in the first quarter, the Mortgage Bankers Association reported Thursday in its quarterly Commercial/Multifamily Mortgage Debt Outstanding Report.
Initial Claims Dip Slightly
Initial claims for unemployment insurance fell slightly last week, reversing the previous week’s increases, the Labor Department reported Thursday.
