FEMA Paid Out $3.9 Billion in Flood Insurance Payments from Hurricane Ian

According to new data from the Federal Emergency Management Agency, months after Hurricane Ian swept across the southeast United States in 2022, FEMA's National Flood Insurance Program (NFIP) has paid over $3.9 billion to more than 48,000 policyholders.  

Home Builder Sentiment in U.S. Supported by Lack of Existing Inventory

Builders remained cautiously optimistic in April as limited resale inventory helped to increase demand in the new home market even as the industry continues to grapple with building material issues. 

America's Industrial Market Experiences Sharp User Demand Declines in Early 2023

According to new research by national commercial property broker Lee and Associates, there was a sharp first-quarter decline in U.S. tenant demand for industrial space as wholesalers and retailers reconsider their inventory levels out of caution over the economic outlook.

Single Family Home Starts in the U.S. Improve in March

The National Association of Home Builders is reporting this week that single-family production in the U.S. showed signs of a gradual upturn in March 2023 as stabilizing mortgage rates and limited existing inventory helped to offset stubbornly high construction costs, building labor shortages and tightening credit conditions. 

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