According to a new report from CBRE, several metrics point to the U.S. life sciences industry and the real estate that houses it proving resilient during the current economic slowdown. Among those factors: a growing total of clinical trials for new drugs, persistent job growth, more federal funding, and ample cash reserves for the industry’s…
Based on the Associated Builders and Contractors analysis of the U.S. Census Bureau’s latest national nonresidential construction data, spending increased 0.4% in February 2023. On a seasonally adjusted annualized basis, nonresidential spending totaled $982.2 billion for the month. Spending declined on a monthly basis in 9 of the 16 nonresidential subcategories. Private nonresidential spending was…
According to Redfin, U.S. house hunters are beginning to wade into the market in bigger numbers as mortgage rates and home prices continue to decline in late March 2023. Mortgage-purchase applications increased for the fourth week in a row and Redfin’s Homebuyer Demand Index–a seasonally adjusted measure of requests to tour homes, make an offer…
Based on ATTOM’s newly released first-quarter 2023 U.S. Home Affordability Report, median-priced single-family homes and condos are less affordable in the first quarter of 2023 compared to historical averages in 94 percent of counties across the nation with enough data to analyze – far above the 62 percent of counties that were historically less affordable…
Measurabl, the world’s most widely adopted ESG data platform for real estate, is pleased to announce it has been selected for the fifth conservative time as a 2023 ENERGY STAR Partner of the Year winner for Sustained Excellence. The company is the EPA’s #1 ranked service provider by ENERGY STAR certifications achieved by its customers.…