U.S. Hotel Occupancy Falls Despite a Rise in Air Travel
Weekly occupancy at U.S. hotels fell by 1.5 percent to an average of 61.7 percent, according to a press release by STR. The drop came […]
Buildings Account for 38 Percent of Greenhouse Emissions Says UN Agency
Buildings contribute 38% of worldwide greenhouse emissions, according to a report by the United Nations Environment Programme (UNEP). Nearly one-third (28%) of emissions are the results […]
Five Million More Homes Needed to Accommodate New Household Growth
According to new research from Realtor.com, the U.S. is short 5.24 million homes, an increase of 1.4 million from the 2019 gap of 3.84 million. […]
Report: The U.S. Needs 300 Million Square Feet of New Distribution Space by 2025
According to a new report from CBRE, global online sales are expected to increase by $1.5 trillion over the next five years, requiring an additional […]
Mortgage Bankers Made an Average of $2,023 on Each Loan in Q2 2021 Says MBA
According to the Mortgage Bankers Association’s most recent Quarterly Mortgage Bankers Performance Report, independent mortgage banks and mortgage subsidiaries of banks reported a gain of […]
E-Commerce Growth Driving Demand for Added Warehouse Space Says CBRE
The U.S. will need to add 330 million square feet of warehouse space dedicated to online distribution sales by 2025 in order to keep pace […]
Mortgage Volatility Amid Inflation Uncertainty
There’s an ongoing debate among investors and policy makers regarding the direction of future inflation rates. This uncertainty is creating volatility in the mortgage lending […]
Growing Equity, Higher Prices, More 2nd Homes & Other Housing Updates
Recent figures point to a continued hot housing market uninterrupted by concerns of possible inflationary pressures, higher mortgage rates and record prices. Home Sales Up […]
Regulations & Higher Wood Prices are Adding $130K to the Cost of a New Home
A combination of bureaucratic regulations and higher lumber prices are adding a total of nearly $130,000 to the cost of building a new home, according […]
Commercial Property Owners Entice Tenants with Generous Incentives
Real Estate Orbit While the residential and industrial property markets sizzle, the office market has suffered immensely as Work-From-Home (WFH) arrangements and the COVID-19 pandemic […]