2020 tenant expansion outpaced last year's total after a fourth-quarter surge in demand by companies seeking additional warehouse and distribution space to improve supply-chain efficiencies.
According to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, while U.S. housing starts ended the year on a strong note, rising lumber prices and increasing regulatory cost concerns could affect future production.
Zillow research is predicting that Austin, Texas will be America's hottest housing market in 2021, leading a list of mostly Sun Belt cities expected to continue heating up faster than the nation's large coastal markets.
According to Zillow, although the typical value of a home in the United States is about $263,000, the number of "million-dollar cities" spiked sharply in 2020.
The Mortgage Bankers Association's latest Forbearance and Call Volume Survey is reporting this week that the total number of U.S. loans now in forbearance decreased from 5.53% of servicers' portfolio volume in the prior week to 5.46% as of January 3, 2021.
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