CRE Fundamentals Continue Bounceback

Commercial real estate fundamentals are bouncing back with help from a slower, but still steady economic recovery, reported Wells Fargo Economics, Charlotte, N.C.

September Existing Home Sales Jump 7%

Existing home sales came roaring back in September, rising by 7 percent with all four regions posting strong monthly gains, the National Association of Realtors reported Thursday.

September Housing Starts Slip; Pipeline Remains Strong

Housing starts fell slightly in September, the Census Bureau reported Wednesday, a blip in what has otherwise been a much improved year that, given supply chain issues, could have been even stronger.

Consumer Confidence Falls to 7-Month Low

Consumer confidence took another hit in September, The Conference Board reported Tuesday, as the lingering Delta variant and concerns over the economy interrupted momentum sent the index to a seven-month low.

August New Home Sales Pick Up the Pace

New home sales rose in August for the second straight month and at the fastest pace since April, HUD and the Census Bureau reported Friday.

August Existing Home Sales Down 2%

Existing home sales fell in August, the first decline in three months, the National Association of Realtors reported Wednesday.

Housing Starts Post Solid August Increase

Home builders liked what they saw in August—HUD and the Census Bureau said August housing starts rose by nearly 4 percent from July, almost entirely by multifamily activity, and by more than 17 percent from a year ago.

Employers Add 235,000 August Jobs

U.S. employers added 235,000 jobs in August—considerably below July’s massive 1.05 million job gain—as the economy struggled to hold momentum amid rising Delta variant coronavirus cases, the Bureau of Labor Statistics reported Friday.