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Commercial Real Estate & Business News – November 21, 2022

Producer Price Index Posts Modest Increase, Hinting at Downward Trend for Inflation

The producer price index (PPI) increased by a seasonally adjusted 0.2% in October, the Bureau of Labor Statistics said Tuesday. The 0.2% rise, a smaller increase than Wall Street analysts expected, followed last week’s report of a monthly increase in the…»

Construction Starts Up in October, ‘Too Early’ to Call it a Trend

It was a strong month for construction starts in October, reversing a down month prior, according to Dodge Construction Network. October’s gain is a further sign that the construction sector continues to “weather the storm” of higher interest rates…»

First Mattel Adventure Park Expected to Open Next to New Valley Resort in 2023

Epic Resort Destinations is planning to open the first-ever Mattel Adventure Park next year featuring new rides with famous brands such as Barbie, Masters of the Universe, Hot Wheels, Mattel Games and Thomas & Friends. The new indoor park, one of the first…»

What Phoenix Housing Market Buyers and Sellers Can Expect in 2023

The Metro Phoenix housing market has heavily favored home sellers since the start of the decade as more people moved to Arizona and the pandemic scrambled the status quo. The S&P CoreLogic Case-Shiller Index’s most recent release shows that…»

Mortgage Demand Rose On The Back of Slower Inflation Growth

Mortgage demand rose as rates dropped following the October slowdown in inflation growth numbers. However, while purchase mortgage applications increased across all loan types, refinance activity remained depressed. The market composite index, a...»