Construction Spending Up Slightly The U.S. government is reporting that total construction spending in November was at a seasonally adjusted annual rate of $ 1,459.4 billion, which is 0.9% above than October’s revised estimate. In addition, October’s figure was 3.8% higher than November, 2019. Residential construction was at a seasonally adjusted annual rate of $
Benchmark long-term mortgage rates have risen slightly (Dec. 31) The lack of supply has been pushing prices up even before the pandemic struck. Continue reading at realestate.boston.com. The post Benchmark long-term mortgage rates have risen slightly (Dec. 31) appeared first on Boston.com Real Estate.
Yardi Says Rents Declined Slightly in November According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were down 0.5% year-over-year in November. Interestingly, they point out that a “renter exodus” from gateway cities like New York, San Francisco, Washington D.C., Chicago, Boston and Los Angeles continues with these markets exhibiting larger