How Is Inflation Affecting the US Real Estate Market?
How Is Inflation Affecting the US Real Estate Market?
Recently, there have been many conversations surrounding the current inflation. What does it mean for real estate investors in the US? Table of Contents What Is Inflation? What Causes Inflation?…
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The latest trade survey of members of the Construction Products Association found that nearly third of heavyside producers expect sales to fall in the third quarter. Looking further ahead over half of firms (56%) anticipated that sales would fall by up to 5% in the next 12 months, with only 22% expecting an increase. Construction product/materials price inflation hit 27.2% in May, according to BEIS, with all product manufacturers reporting a rise in fuel costs in Q2, and wages and energy costs...
The latest trade survey of members of the Construction Products Association found that nearly third of heavyside producers expect sales to fall in the third quarter. Looking further ahead over half of firms (56%) anticipated that sales would fall by up to 5% in the next 12 months, with only 22% expecting an increase. Construction product/materials price inflation hit 27.2% in May, according to BEIS, with all product manufacturers reporting a rise in fuel costs in Q2, and wages and energy costs...
Dive Brief:
Both overall and nonresidential construction input prices tumbled 2.7% in December from the previous month, the largest monthly drop since April 2020, according to an Associated Builders and Contractors analysis.
Despite that monthly drop, overall construction prices remain 7.9% higher than a year ago, while nonresidential construction input prices jumped 7.6% year over year, according to the report.
Though the Producer Price Index shows improvement on the inflation front, the decli...
Dive Brief:
Both overall and nonresidential construction input prices tumbled 2.7% in December from the previous month, the largest monthly drop since April 2020, according to an Associated Builders and Contractors analysis.
Despite that monthly drop, overall construction prices remain 7.9% higher than a year ago, while nonresidential construction input prices jumped 7.6% year over year, according to the report.
Though the Producer Price Index shows improvement on the inflation front, the decli...
The U.S. General Services Administration announced it is distributing $301.4 million to its first group of federal building renovation projects under the Climate Act—with the aim of upgrading the facilities to make them more energy efficient and increase their use of low embodied-carbon materials.The agency estimates that the initial group of eight projects would help cut greenhouse gas emissions by 120,000 metric tons and trim energy costs by $35 million over 20 years. GSA Admin...
The U.S. General Services Administration announced it is distributing $301.4 million to its first group of federal building renovation projects under the Climate Act—with the aim of upgrading the facilities to make them more energy efficient and increase their use of low embodied-carbon materials.The agency estimates that the initial group of eight projects would help cut greenhouse gas emissions by 120,000 metric tons and trim energy costs by $35 million over 20 years. GSA Admin...
At the House Energy and Commerce Committee's Jan. 31 organizational meeting and first hearing, its new chair, Washington state Republican Cathy McMorris Rodgers, outlined an agenda emphasizing fossil-fuel and nuclear power production and fewer tax incentives for renewable projects than now included in the 2022 Inflation Reduction Act. Moreover, she called for a permanent repository for spent nuclear fuel and more exploration into the viability of fuel recycling.“We need to be doi...
At the House Energy and Commerce Committee's Jan. 31 organizational meeting and first hearing, its new chair, Washington state Republican Cathy McMorris Rodgers, outlined an agenda emphasizing fossil-fuel and nuclear power production and fewer tax incentives for renewable projects than now included in the 2022 Inflation Reduction Act. Moreover, she called for a permanent repository for spent nuclear fuel and more exploration into the viability of fuel recycling.“We need to be doi...
According to a survey by the British Property Federation of boardroom directors, 49% plan to accelerate the delivery of their net-zero programmes over the next twelve months. A further 28% expect to maintain investment at its current level. Just 2% expect to scale back delivery. London remains the chief property investment destination for leaders, with 40% expecting to increase development in the capital over the coming year, the Midlands, and other key regions, are also likely to receive incr...
According to a survey by the British Property Federation of boardroom directors, 49% plan to accelerate the delivery of their net-zero programmes over the next twelve months. A further 28% expect to maintain investment at its current level. Just 2% expect to scale back delivery. London remains the chief property investment destination for leaders, with 40% expecting to increase development in the capital over the coming year, the Midlands, and other key regions, are also likely to receive incr...
Latest figures from the Office of National Statistics show construction output grew for the fourth consecutive month in October, taking the industry to nearly 5% above the pre-pandemic activity watermark. The overall 0.8% rise in October output came from increases in both new work (0.5%) and repair and maintenance (1.3%) on the month. This was ahead of the 0.5% seen for the UK economy as a whole. At the sector level, five out of the nine sectors saw a rise in October 2022, with the main contri...
Latest figures from the Office of National Statistics show construction output grew for the fourth consecutive month in October, taking the industry to nearly 5% above the pre-pandemic activity watermark. The overall 0.8% rise in October output came from increases in both new work (0.5%) and repair and maintenance (1.3%) on the month. This was ahead of the 0.5% seen for the UK economy as a whole. At the sector level, five out of the nine sectors saw a rise in October 2022, with the main contri...
Inflation appears to be impacting construction materials prices more than other sectors of the economy even as it eases. Construction input prices fell in December at a greater rate than the Producer Price Index, but still outpaced the wholesale level marker of inflation for the year, according to the U.S. Bureau of Labor Statistics and analyses by construction industry groups.Economists with the Associated General Contractors of America and the Associated Builders and Contractors w...
Inflation appears to be impacting construction materials prices more than other sectors of the economy even as it eases. Construction input prices fell in December at a greater rate than the Producer Price Index, but still outpaced the wholesale level marker of inflation for the year, according to the U.S. Bureau of Labor Statistics and analyses by construction industry groups.Economists with the Associated General Contractors of America and the Associated Builders and Contractors w...
Voters around the country approved 88% of the 380 state and local transportation funding measures on the ballots Nov. 8, producing an estimated $19.6 billion in one-time and recurring revenue for infrastructure projects, a new American Road & Transportation Builders Association (ARTBA) report says. Separately, the American Public Transportation Association said 14 of 19 key ballot measures backing transit passed on Nov. 8. APTA said the approved measures will generate more than $4 ...
Voters around the country approved 88% of the 380 state and local transportation funding measures on the ballots Nov. 8, producing an estimated $19.6 billion in one-time and recurring revenue for infrastructure projects, a new American Road & Transportation Builders Association (ARTBA) report says. Separately, the American Public Transportation Association said 14 of 19 key ballot measures backing transit passed on Nov. 8. APTA said the approved measures will generate more than $4 ...
Major infusions of federal spending such as the $1.2-trillion Infrastructure Investment and Jobs Act are poised to help keep the U.S. construction industry growing even as the pace of building in some sectors slows, says Stephen Sandherr, CEO of the Associated General Contractors of America. But the law’s impacts have been limited so far, he adds, while discussing AGC’s 2023 outlook, released Jan. 4.The forecast, based on survey results from more than 1,000 AGC members, indicate...
Major infusions of federal spending such as the $1.2-trillion Infrastructure Investment and Jobs Act are poised to help keep the U.S. construction industry growing even as the pace of building in some sectors slows, says Stephen Sandherr, CEO of the Associated General Contractors of America. But the law’s impacts have been limited so far, he adds, while discussing AGC’s 2023 outlook, released Jan. 4.The forecast, based on survey results from more than 1,000 AGC members, indicate...
Housing Market Downturn Pushes Record Number Of Investors Away—Here's Why That's Good News For Home Buyers Topline The number of homes scooped up by investors fell at a record pace last quarter amid higher mortgage rates and forecasts calling for substantial declines in home prices—further clouding the outlook for real estate investing but a positive development for potential homebuyers looking to reap the benefits of falling housing prices. Last quarter's drop in investor purchases surpasse...
Housing Market Downturn Pushes Record Number Of Investors Away—Here's Why That's Good News For Home Buyers Topline The number of homes scooped up by investors fell at a record pace last quarter amid higher mortgage rates and forecasts calling for substantial declines in home prices—further clouding the outlook for real estate investing but a positive development for potential homebuyers looking to reap the benefits of falling housing prices. Last quarter's drop in investor purchases surpasse...