Conversion of Vacant Hotels/Motels Can Help Alleviate Shortage of Affordable Multifamily Housing
NAR did a research study on the conversion of vacant hotels/motels into multifamily housing to draw some insights and best practices.
NAR did a research study on the conversion of vacant hotels/motels into multifamily housing to draw some insights and best practices.
According to the Snapshot on Race and Home Buying in America, which uses Census ACS data, the homeownership rate for Black Americans is 42%, Hispanic Americans 48.1%, Asian Americans 60.7%, and White Americans 69.8%.
Over the last 12 months, the inflation rate rose 2.6%, compared to 1.7% in February and 1.4% in January, respectively.
At the national level, housing affordability increased in January 2021 both compared to a year ago and compared to December 2020.
Food service and drinking place sales increased 6.9% in January 2021 from December 2020 as some state and local authorities eased COVID-related restrictions.
On March 10, 2021, NAR held its virtual Real Estate Forecast Summit: Commercial Update event, which provided an outlook on the changing commercial real estate market.
Unfortunately for malls, especially class C and D traditionally enclosed shopping centers for which account for majority of all U.S. malls, there are substantial retail space vacancies.
Both initial and continued claims for unemployment benefits dropped. However, 2.7 more people applied for special pandemic program benefits.
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.