December 2020 seasonally-adjusted advance estimates of United States retail and food service sales decreased from November sales figures as anticipated and represents the 3rd consecutive month of decreasing sales.
While the e-commerce portion of the U.S. CPG industry, comprised of food and beverage, general merchandise, homecare, and health and beauty, remains a small portion of total CPG sales today, it remains at an elevated level.
The number of unadjusted initial claims rose to 1.15 million, the highest level since the end of July. It is an increase of 231,335 from the prior week, as the re-closing of some businesses in some states is contributing to more layoffs.
As expected, mortgage rates rose this week, following the trend of the 10-year Treasury yield in the last couple of weeks.
The median existing-home price rose to $310,800 in November; 15% more than a year earlier; 41% more than five years earlier.
Goodbye, 2020! See you never. I know we’re all eager to drop this year like a failed sourdough starter. But if you look back (you might have to squint a little) there were actually some positive trends for multifamily that came about.
Have you ever taken a prospective resident on a tour of your property, only to get back to the office and have them tell you, “I need to think about it..”? Ugh! I know how frustrating this can be, I mean, you showed them exactly what they said they wanted AND they told you they…
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Some leading apartment operators are earning $1 million annually by renting idle common areas for hours or a day. Expect to see your peers’ idle common area spaces, well-appointed clubhouses and stunning rooftop views in TV commercials as well as influencers’ TikToks, Instagram posts and on YouTube. The sheer number of content producers is exploding,…
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Affordability declined in October compared to September as the median family income rose by 3.3% while the median home prices grew by 16.0%.
On December 10th, 2020, NAR held a virtual economic and real estate summit that provided a year-end review and outlook on the post-election real estate market and the economy.
