The number of construction job openings as of January is 380,000, that’s up from 299,000 a year prior.
Federal Reserve Chairman Jerome Powell said the central bank was prepared to raise interest rates in half-percentage-point steps and high enough to deliberately slow the economy if it concluded such steps were warranted to bring down inflation.
Co-op and condo sales in Manhattan reached record levels last year, in part due to pent-up demand following limited activity in 2020. The median sales price for all apartments in the borough topped $1.1 million, the second-highest level of the past decade.
The estimated value of the typical U.S. home rose 19.6% to $321,634 in 2021, an increase of $52,667 from 2020.
41% of office tenants say they plan to use more flexible space as a result of the pandemic, up from 29% in 2020.
The Federal Reserve raises interest rates by a quarter point, the first increase since 2018, and signals plans to lift them steadily this year to lower inflation.
The benchmark S&P 500 notched a total return, including price gains and dividends, of 28.7% last year. That was a stronger showing than that of 85% of U.S. large-cap stock-picking mutual funds. 2021 was the 12th consecutive year in which the majority of actively managed funds of large-cap stocks underperformed the S&P 500.
Last year, workers quit their jobs at the highest rate on records back to 2000, suggesting that Americans were willing to leave employment in search of better wages or more desirable perks, including remote work.