Commercial Real Estate & Business News – February 14, 2025

Consumers pulled back on spending in January after a stronger-than-expected holiday season. Core retail sales — excluding restaurants, automobiles and gasoline — were down 1.27% month-over-month in January, but up 5.72% year-over-year, according to the CNBC/NRF Retail Monitor, released…»

Retail sales in the United States saw a decline in January compared to December, reflecting a slowdown in consumer spending after the holiday season. However, figures from the CNBC/NRF Retail Monitor, powered by Affinity Solutions, indicate that retail sales remained higher than the same period…»

The cost of materials used by the construction industry jumped in January at their fastest monthly pace in two years as contractors raced to secure products before President Donald Trump imposed sweeping tariffs on imports from Canada, Mexico and China. Overall construction input prices rose…»

The number of homes sold increased 4.1% compared to last year, according to January data from Phoenix REALTORS®. With the market advancing, new home listings surged 12.1% for the month compared to January 2024. Metro Phoenix median home prices also increased, up…»

The MBA reported growth of 2.5% in mortgage credit availability for January 2025, led by greater consumer access to conventional loans. Mortgage credit availability ramped up in January, according to a report released Tuesday by the Mortgage Bankers Association (MBA) that analyzed data…»