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 of $796.3 billion in November, which is 0.9% higher than October’s revised estimate. Continue reading HERE...
Bloomberg Law has reported that a federal judge in Texas has issued a preliminary injunction against the Biden administration’s waters of the US rule (aka WOTUS). However, the injunction only applies
The U.S. government is reporting that privately‐owned housing starts in February were at a seasonally adjusted annual rate of 1,450,000, which is 9.8% higher than January’s revised number but is 18.4%
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were $1,702 in February, the same as January’s figure. Yardi says year-over-year growth continued its downw