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ADU
October 10, 2023
Featured

The latest amenity for homeowners is an add-on known as Accessory Dwelling Units. They can be free-standing miniature homes as small as a studio apartment and tucked away in a backyard or they can reside above a garage or in a basement and extend to more than 2,000 square feet.

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Senior Consumers
October 9, 2023
Economy

Americans age 65 and up accounted for 22% of spending last year, the highest share since records began in 1972 and up from 15% in 2010.

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Luxury Retail
October 6, 2023
Featured

Luxury retailers have leased 650,000 square feet of new space in the U.S. over the past 12 months, up from roughly 250,000 square feet the prior year.

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SI Resorts
October 4, 2023
Featured

Kituwah, the business entity of the Eastern Band of Cherokee Indians, brings a capital commitment of $320 million to expand the Sports Illustrated Resorts brand.

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Office Vacancy
October 3, 2023
Featured

The national office average vacancy rose to 19.2% last quarter, just below the historical peak of 19.3% in 1991.

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Apartment Starts
October 2, 2023
Featured

Apartment building starts fell to a seasonally adjusted annual rate of 334,000 units in August, marking a 41% decline from the pace seen the same month a year prior.

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Personal Savings Rates
September 28, 2023
Economy

In April of 2020 it surged to 33.8%, which compared with 8.8% over the course of 2019. It stayed elevated throughout 2020 and most of 2021, but last year it was just 3.5%. This year it has only been a bit better, averaging 4.3%.

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Leveraged Loans
September 27, 2023
Economy

Nearly $270 billion of leveraged loans carry weak credit profiles and are potentially at risk of default. Conditions have deteriorated as the Fed has raised rates, beginning to show signs of stress not seen since the onset of the Covid-19 pandemic. Excluding a 2020 spike, the default rate for the past 12 months is the highest since 2014.

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