Commercial Real Estate & Business News – August 12, 2022

The U.S. Economy Has Officially Regained All Jobs Lost During the Pandemic

When the COVID-19 outbreak erupted on U.S. soil in the early part of 2020, the economy was quick to shed jobs. Not only did the national unemployment rate reach a record high in April of 2020, but the situation became so dire that lawmakers boosted jobless…»

Inflation Pushes up U.S. Grocery Sales Again in July

U.S. grocery retail sales continued double-digit growth in July, climbing 16.8% year over year primarily due to food price increases, according to the latest Mastercard SpendingPulse report. That’s 29.5% higher than in July 2019, several months before the…»

Multifamily Rent Growth Decelerates in July

Multifamily rent growth remains strong but is showing signs of slowing, according to the latest Yardi Matrix Multifamily Report. The average U.S. asking rate increased by $10 in July—the lowest increase since January—to a record $1,717…»

Eye on the Future: Here’s Where Homebuilders are Building Their Next Communities in the Phoenix Metro

Even as the housing market cools, homebuilders are still busy buying land, building homes and opening new communities. While they keep an eye on real estate cycles, they tend to keep a steady course when it comes to buying land, knowing a…»

Inflation Falls in July, but Housing Prices Keep Rising

After rising to its highest level in 40 years in June, inflation dropped slightly in July. Thanks to a decrease in the gasoline index the Consumer Price Index (CPI) remained unchanged from the month prior, after hitting a 1.3% seasonally adjusted rate in…»