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MARKET INDICATORS SNAPSHOT

WEEKLY

• Mortgage Rate (30-Year Fixed): 3.11% (as of 12/30)

MONTHLY

• Existing Home Sales: +1.9% (November 2021)
• New Residential Sales: +12.4% (November 2021)
• Median Sales Price for New Houses Sold: $416,900 (November 2021)
• Construction Spending: +0.2% (October 2021)
• New Residential Construction: 3.6% (November 2021)

QUARTERLY

• Homeownership Rate: +65.4% (3Q21)
• Rental Vacancy Rate: +5.8% (3Q21)

Sources: NAR, BLS, Federal Reserve Bank, MBA

COMMERCIAL REAL ESTATE

• WellsFargo: Retailers, developers to be impacted by inflation

US inflation could negatively impact retailers and small businesses who are trapped in long-term leases.

• CRE poised to continue growth in 2022

Cred iQ noted an increase of $116 billion of total CRE debt from commercial banks at the start of December 2021.

• NAR: Commercial real estate to strengthen in 2022

A record-low vacancy rate of 4.5% for the multifamily market was registered in the middle of December.

• Industrial real estate sales rise amidst drop in e-commerce sales

Vacancies for industrial space in 3Q21 remained tight at 5.7%.\xa0

• Industrial purchases represent sector\u2019s continued streak

Several companies are poised to gain traction from recent acquisitions.

• US office market remains stable despite uncertainties\xa0

Office-leasing activities in the country\u2019s top 12 markets\u2019s fundamentals remain strong.

• COVID-hit hospitality sector trying to stay afloat

The Omicron variant has forced hotels to become quarantine facilities, especially New York.

HOUSING

• Condo and co-op sales rebound in Manhattan

Condo and co-op sales volume in Manhattan reached $7 billion in 4Q21.

• Multifamily modular and prefabricated housing construction to further grow in 2022

The industry is expected to grow to $41.18 billion in 2022.

• US needs 4.6 million new apartments by 2030

This is on top of the 11.7 million older existing apartments that are in need of renovation.

ECONOMY & JOB MARKET

• Inflation to impact housing,

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