Anna Spiewak
Economy Watch: Homebuilder Confidence, Remodeling Activity Down; Sequester Dead Ahead
Homebuilding confidence saw a downward blip in January. Residential remodeling also experienced a downtick in December. And President Obama is urging Congress to act on the $85 billion sequester after returning from recess Feb. 25.
Economy Watch Weekly: Americans Barely Bought More in January, Sequestration on Horizon (Again)
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Feb. 15.
Student Housing’s Growth Spurt
With enrollment increasing and landlords boosting rents, returns of REITs that own student housing are beginning to compare with those that focus on more conventional rental apartments.
Economy Watch: Foreclosures Plummet Because of California; Inventories, Jobless Claims Dip
U.S. foreclosure filings decreased by 7 percent, which is mostly attributed to a sharp drop in California notices of default in January, due to the state’s new law. Listing inventories nationwide decreased 16.5 percent year over year in January. And initial unemployment claims dropped from the previous week.
Economy Watch: Retail Sales Inch Up; SoCal Sees Brisk Home Sales
U.S. retail sales grew at their slowest rate in three months, up by 0.1 percent in January, compared with December. And SoCal’s housing market started 2013 with the highest January home sales in six years.
Economy Watch Weekly: Good News on Housing, but Not on Student Loan Debt
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Feb. 8.
306-Unit M-F Property Trades in San Antonio’s Steaming Hot Market
Multi-family sales volume in San Antonio closed 2012 with a bang, and the change in ownership of the 306-unit Manor at Castle Hills was among the long list of transactions.
Economy Watch: All-Cash Buyers Seek California Homes in Droves; Residential Asking Prices Up in Winter; M-F Rent Growth Slows
California is making waves as the state where the most single-family homes were bought last year. Asking prices for U.S. for-sale housing rose 0.3 percent quarter over quarter in January. And the pace of rent gains for multi-family buildings fell at the national level for the first time since the price recovery began last spring.
Behringer Harvard Founder Resigns as Co. Chairman
Robert Behringer has resigned his position as Chairman of Behringer Harvard Holdings L.L.C. effective immediately.