World News
U.S. Home Prices Spike 23.4 Percent Annually in June
According to the National Association of Realtors, existing-home sales increased in June 2021, snapping four consecutive months of declines. Three of the four major U.S. regions registered small month-over-month gains, while the fourth remained flat.
Illinois, Florida and New Jersey Housing Markets at Most Risk of COVID Damage
Based on ATTOM Data's newly released second-quarter 2021 Coronavirus Report, U.S. states along the East Coast, as well as Illinois, were most at risk in the second quarter of 2021 - with clusters in New Jersey, Delaware, the Chicago area and Central Florida - while the West remained far less exposed.
Builder Confidence Edges Lower in North America
Strong buyer demand helped to offset supply-side challenges relating to building materials, regulation and labor as builder confidence in the market for newly built single-family homes inched down one point to 80 in July 2021.
Asia Pacific Hotel Transactions Hit $3.7 Billion in First Half of 2021
According to investment data tracked and analyzed by JLL Asia, pacific hotel investment remained flat in the first half of 2021 with $3.7 billion in sales, a decline of 3.7% year-on-year.
Despite Supply-Side Issues, U.S. Housing Starts Increase in June
According to a new report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts increased 6.3 percent in June 2021 to a seasonally adjusted annual rate of 1.64 million units. Despite the increase in housing production.
