Developers snap up Arizona land as multifamily supply expected to dwindle by 2027
Developers are closing on vacant land to prepare for a shortage of multifamily housing units as existing supply dwindles over the next couple of years. On Dec. 17, an entity related to Houston-based Hines paid $16.6 million in cash for 14.6 acres in Peoria, according to Tempe-based real estate database Vizzda LLC, while Los Angeles-based Sunstone Two Tree closed on 21 acres in…»
NMHC Survey Finds Long-Term Development Optimism
The National Multifamily Housing Council’s (NMHC’s) quarterly survey of leading construction and development firms in December finds apartment starts remaining relatively stable compared with three months ago. According to the survey, conducted between Dec. 4 and 15, 43% of respondents reported starts to be relatively unchanged, while 25% said their firms started fewer projects and 26%…»
Home sellers step back, despite three-year high in affordability
Seasonal cooling is finally seeping into the housing market after an unseasonably active fall, according to the latest market report from Zillow. Price cuts from sellers dropped back to normal levels from near-record highs; a rare instance of buyers losing a bit of leverage in a year when many housing trends moved in their favor. “Affordability is still a hurdle for home…»
Spending helped drive 4.3% economic growth from July to September, delayed GDP report shows
The U.S. economy grew at a rapid rate of 4.3% in the third quarter of this year, according to an estimate released Tuesday by the federal Bureau of Economic Analysis. The estimate, which had been delayed by the government shutdown, shows that the economy remained resilient over a three-month period that saw fewer new tariffs announced and consumers shopping…»
How a Rare Rate-Driven Downturn Is Rewriting the Core Playbook for 2026
The commercial real estate industry is emerging from what one large portfolio manager describes as one of only three “material repricings” in the past half-century, but this one looks different from the early 1990s and the global financial crisis. Rather than being driven by overbuilding and excessive leverage, the most recent downturn has been tightly linked to a sharp move higher…»