Some 672,000 new apartment units will have been completed by the end of this year, but only about half that number is expected in 2025, and even fewer in 2026.
Some 672,000 new apartment units will have been completed by the end of this year, but only about half that number is expected in 2025, and even fewer in 2026.
The vacancy rate of apartment units stopped rising for the first time in three years last quarter, as demand for apartments rose to its highest levels since 2021.
The national commercial foreclosure market peaked in May, at 752 total foreclosures that month. Prior to 2020, the peak in commercial foreclosures by month in the past decade was in October 2014, with 889.
After showing remarkable strength and resilience since the pandemic, the job market has started to cool off significantly. The unemployment rate has risen to 4.1% from 3.6% in June 2023, and the number of job openings continues to trend downward.
In September, the delinquency rate of office loans converted into securities increased to 8.36%, the highest rate since November 2013.
KKR and Energy Capital Partners have agreed to invest a combined $50 billion in data-center and power-generation projects to support the development of artificial intelligence.
The vacancy rate is stabilizing at a near record level of 13.8%, up from 9.4% in the fourth quarter in 2019. Since the second quarter of 2020, U.S. office tenants have vacated close to 209 million square feet of space, the highest amount ever for a four-and-half-year period.
Roughly a third of people who financed their vehicles have negative equity on their auto loans which means their loan is larger than the value of their car. That share would amount to some 31 million of the more than 100 million auto-loan accounts.
U.S. Consumer confidence is declining as the election nears. The survey showed a continuing frustration with high prices.