The WPJ

Austin

Industrial Properties by U.S. Airports Command Premium Rents

According to CBRE, distribution firms want to be close to major air hubs to expedite speedy deliveries, but there is often a price to pay: Industrial rent premiums average 13 percent in the top U.S. airport submarkets and reach as high as 47% in the Chicago O'Hare submarket.

Kitchen and Bath Index Upticks in U.S.

Industry sales grew 2% from Q3 2020 and 4% year-over-year from Q4 2019. Retail sales are experiencing especially impressive growth, with average sales up 7.9% from last year, followed by manufacturing (5.5%), building/construction (3.8%) and design (2.4%).

Pending Home Sales in U.S. Slip 3 Percent in January

According to the National Association of Realtors, pending home sales in the U.S. took a step backward in January 2021 as inventory constraints continue to hold back prospective buyers.

U.S. Mortgage Loans in Forbearance Declines to 5.2 Percent in Mid-February

The total number of loans now in forbearance decreased by 7 basis points from 5.29% of servicers' portfolio volume in the prior week to 5.22% as of February 14, 2021.

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