According to the National Association of Realtors, pending home sales fell in December 2021, denoting two straight months of declines. All four major U.S. regions posted both month-over-month and year-over-year drops in contract activity.
The primary factors were an increase in vacancies in existing buildings as a result of relocations to newly completed properties, as well as consolidations and partial cancellations implemented as cost-cutting measures.
According to the National Association of Home Builders, the latest NAHB/Royal Building Products Remodeling Market Index (RMI) for the fourth quarter 2021 posted a reading of 83.
Based on new data from CBRE, the U.S. retail market bounced back significantly in 2021, recording 99 million sq. ft. of positive absorption, the highest total since 2016.
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending January 21, 2022, U.S. mortgage applications decreased 7.1 percent from one week earlier.