World News
U.S Remodeler Sentiment Improves Year-over-Year in Q4
According to the National Association of Home Builders, the latest NAHB/Royal Building Products Remodeling Market Index (RMI) for the fourth quarter 2021 posted a reading of 83.
Last Year 99 Million Square Feet of Retail Space Leased in the U.S.
Based on new data from CBRE, the U.S. retail market bounced back significantly in 2021, recording 99 million sq. ft. of positive absorption, the highest total since 2016.
Mortgage Applications Decrease in Mid-January
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending January 21, 2022, U.S. mortgage applications decreased 7.1 percent from one week earlier.
Housing Inventory Down 40 Percent from pre-COVID Levels in U.S.
According to Zillow, the housing market appears to already be in full swing in 2022, as anxious buyers outnumbered dwindling new listings and drove inventory to record low levels in December 2021.
Residential Rents in North America Rise 14 Percent in December
According to national property broker Redfin, average monthly listed rents in the U.S. increased 14.1% year over year to $1,877 in December 2021.
