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Commercial Real Estate & Business News – May 3, 2021

Rumblings of a recovery from the pandemic are emerging in the apartment market, giving one national apartment real estate investment trust enough confidence to improve its financial forecast for the year. While certain apartment markets are still…»
Soaring lumber prices that have tripled over the past 12 months has caused the price of an average new single-family home to increase by $35,872, according to new analysis by the NAHB Economics team. This lumber price hike has also added nearly…»
After a tough 2020, Phoenix-based Fox Restaurant Concepts started 2021 off right, reporting a profit and its largest revenue numbers in more than a year. FRC, which is owned by Calabasas Hills, California-based The Cheesecake Factory, reported revenue…»
More than one year into the COVID-19 pandemic, we explore where rent prices stand today compared to one year ago. And Gilbert is among the Top 10 cities in U.S. that has seen the biggest rent increase over the last year. On a national level,…»
A number of unsustainable trends have developed in the housing market. The combination of a decade of underbuilding, favorable demographics, historically low interest rates, and a shift in consumer preferences have pushed single-family housing…»