Commercial Real Estate & Business News – September 8, 2022
Survey: Despite Inflation, Holiday Shopping Intent Looks Strong A solid majority of consumers will spend at least $100 this holiday season. According to the 2022 Holiday Preview from market research data and technology company Numerator, roughly six in 10 (59%) surveyed consumers expect to spend more than $200 on holiday purchases in 2022. Another…» New […]
Commercial Real Estate & Business News – September 7, 2022
Single-Family Prices Are Cooling And That’s Good For Multifamily Single-family home prices are finally softening across the US, but the cost of homeownership remains staggeringly out of reach for many consumers, particularly millennials. And while “significant price collapses” are not likely due to ongoing…» The State of Housing Supply: ‘Not Enough Homes to Go Around’ […]
Commercial Real Estate & Business News – September 6, 2022
The State of Housing Supply: ‘Not Enough Homes to Go Around’ Economic uncertainty, inflation, and rising mortgage rates are clouding the picture for the U.S. housing market, which is also facing a structural deficit of both for-sale and rental homes. During the “Getting Serious About Housing Supply: The…» Construction Employment Jumps by 16,000 in August, […]
Commercial Real Estate & Business News – September 2, 2022
Solid Fundamentals for Commercial Real Estate in Second Quarter 2022 Despite Economic Uncertainties In the second quarter of 2022, continued solid fundamentals reflect an ongoing healthy demand for commercial real estate across most sectors, even as concerns about a slowing economy dominate the outlook…» Survey: Consumers Ready to Celebrate Labor Day The end of […]
Commercial Real Estate & Business News – September 1, 2022
Construction Company Plans to Build Distribution Center in West Valley Phoenix-based construction supplier Copper State Bolt & Nut Co. is planning to build a new $6.2 million warehouse and distribution facility in the West Valley. The nearly 40,000-square-foot building will be located on about five acres at the…» Corning Brings $100M Manufacturing Facility, 250 Jobs […]
Commercial Real Estate & Business News – August 31, 2022
Arizona Posts Huge Job Gains in July Arizona added 22,900 jobs over the month in July, while the unemployment rate was steady at 3.3%. Arizona added 22,900 jobs over the month in July, up from a revised 11,600 the prior month. The initial June estimate suggested the state added…» New York Developer Starts Construction on […]