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Multifamily Market Hot: Inflation Tepid

Housing starts rebounded to a 1.174 million-unit pace in June, while the decline for May was slightly less than initially reported. Gains were concentrated in the multi-family market as builders are...

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Housing Primer

Watch this week’s housing market data closely for key trends: 1. Was it a fluke that first-time buyers increased in May, in both relative and absolute terms? Millennials were reluctant/unable to buy...

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Existing Home Sales Surge

In September, existing home sales surged to a 5.55 million-unit annualized rate, well above expectations but in line with our forecast for ongoing healing in the housing market. Data for August were...

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New Home Sales Data Disappoint

New home sales for September came in well below expectations at 468,000 following a downward revision to the August data. All regions posted declines; the Northeast led the way, down almost 62% from...

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Housing Starts Disappoint

In October, housing starts slipped to a 1.06 million unit pace, nearly 60% below household formation. This is causing acute shortages for those looking for a place to live, particularly to rent, and...

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