S&P CoreLogic Case-Shiller Index Saw 18.8% Annual Home Price Gain in November The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 18.1% annual gain for November, 2021, which they say is a record high. Their 10-City Composite annual increase came in at 16.8% and their 20-City Composite posted a 18.3% year-over-year gain.
Emergency Rental Assistance Funds Spent Through November We’ve had many posts about the slow rollout of the government’s Emergency Rental Assistance Program. A recent update from the U.S. Department of Treasury (reported by the Mortgage Bankers Association) says $ 10.4 billion of ERA1 funding and $ 18.7 billion of ERA2 funding remains unspent. The MBA
Construction Spending Up Slightly in November The U.S. government is reporting that total construction spending in November was at a seasonally adjusted annual rate of $ 1,625 billion, which is up 0.4% from October’s revised estimate. However, November’s figure is 9.3% higher than one year ago. Residential construction was at a seasonally adjusted annual rate
Jobs in Construction Rise By 31k in November According to recent data from the Associated General Contractors of America, construction employment increased by 31k jobs in November, 2021 with 10,300 jobs added in residential and 20,800 in the nonresidential categories. The AGC said construction firms would have added even more jobs if they could find
Zumper’s National Rent Report for November 2021 Rental information site Zumper recently released their latest monthly National Rent Report showing that their median national rent for 1-bedroom apartments in November, 2021 was up 12.1% and the median two-bedroom rent was up 13.2%, since the beginning of the year. Be sure to check out their list
Local Market Monitor’s National Economic Outlook for November 2021 Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. National Economic Outlook By Ingo Winzer November, 2021 Most of us thought the pandemic would have a deep