Commercial Real Estate & Business News – March 19, 2025

Overall housing starts increased 11.2% in February to a seasonally adjusted annual rate of 1.50 million units, the U.S. Department of Housing and Urban Development and the U.S. Census Bureau said Tuesday. With single-family starts reaching their highest annualized rate in a year, the multifamily sector increased…»

In February 2025, retail sales in the United States experienced a modest increase, reflecting cautious consumer behaviour amid ongoing economic uncertainties. According to the U.S. Census Bureau, retail sales rose by 0.2% in February, following a revised decline of 1.2% in January. Year-on-year, sales were up…»

Harris County, Texas, Miami-Dade County, Florida, and Maricopa County, Arizona, have seen some of the strongest population growth over the last few years, and they topped the charts once more in 2024. Harris County, with its county seat of Houston, increased in population by over 105,000 residents…»

The developers behind the $1 billion project to redevelop the former CrackerJax site in Scottsdale are taking their final steps before the massive project is considered for approval by the city. The site plans for The Parque, a mixed-use project that was approved by Scottsdale City Council in 2023, were submitted…»

Federal Reserve Chair Jerome Powell has to navigate worries about growth with recent sticky inflation readings. Since the end of the pandemic, financial markets have often overlooked periods of weak economic data and corresponding worries about a recession. Not this year…»