RISING LUMBER PRICES ARE BACK WITH A VENGEANCE
As recently as October, lumber prices seemed to be moving to a new sustainable norm. It seemed as though prices in the $500 to $600 range per thousand board feet might become the new normal for the next year or so. Or so it seemed… until the middle of November when prices again began to rise. Yesterday closed at $979.30.
WEEKLY JOBLESS CLAIMS FALL TO 184,000, THE LOWEST LEVEL IN MORE THAN 52 YEARS
Weekly jobless claims tumbled last week, reaching a fresh 52-year low as the U.S. jobs market climbs out of its pandemic-era hole, the Labor Department reported Thursday. Initial filings for unemployment insurance totaled 184,000 for the week ended Dec. 4.
GROCERS TOP BUSINESS RANKINGS FOR CUSTOMER TRUST AND LOYALTY
Qualtrics, a firm specializing in experience management, has shared its 2022 Experience Index that ranks companies by customer trust and loyalty. This year, major grocery brands held five of the top 10 spots, underscoring the fact that consumers’ lifestyles are still largely based at home.
RENTING BEATS BUYING IN EIGHT MAJOR MARKETS
In Dallas, Denver, Houston, Kansas City, and Seattle, consumers looking to build wealth are better off renting a property and reinvesting the money they would have spent on ownership, according to an analysis by professors at Florida Atlantic University and Florida International University.
INSIDE THE RISE OF THE DARK STORE
Food delivery services are ubiquitous, but I’m beginning to buy the grocery as a service model now too. The other day, I placed an order for sparkling water through one of the fast-growing dark store delivery apps, and it was delivered to my office in Midtown Manhattan in less than 15 minutes.
WAYS FOR INVESTORS TO LEVERAGE REAL ESTATE DURING INFLATION
When it comes to inflation, most investors may think it’s a cause for concern, but as discussed on a recent podcast from IREI, what they actually care about is the effect inflation has on their portfolio, not the effect inflation has on the market itself.
5 WAYS CRYPTOCURRENCY WILL CHANGE THE WORLD OF COMMERCIAL REAL ESTATE
Cryptocurrency is the hottest topic of discussion in nearly every industry these days. But commercial real estate is one industry that could transform completely as blockchain technology gains an increasing amount of popularity.