The U.S. government is reporting that total construction spending in June, 2025 was at a seasonally adjusted annual rate of $2,136.2 billion, down 0.4% from May’s revised number. In addition, June’s estimate is 2.9% lower than one year ago. Residential construction came in at a seasonally adjusted annual rate of $883.1 billion in June, which is 0.7% lower than May’s revised estimate. Click here to read the full report at the U.S. Census Bureau.
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
A story on Realtor.com recently revealed the most popular HGTV shows in every state across America. Citing data from Deed Street Capital, the results revealed that favorites differed among the states, however, there was one clear winner – Property Brothers. Indeed… stay safe and have a Happy Friday!!! Hat tip to Realtor.com.
According to the ADP National Employment Report for July, 2025, private sector employment increased by 104k jobs and annual pay was up 4.4% year-over-year. The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data of more than 25 million U.S. employees. “Our hiring and pay data are broadly indicative of a healthy economy. Employers have grown more optimistic that consumers, the backbone of the economy, will remain resilient.” Said ADP chief economist Dr. Nela Richardson. Click here to read the full report at ADP.
Rental information site Zumper recently released their latest monthly National Rent Report for July, 2025. According to their data, median rent for 1-bedroom apartments was $1520 (flat) and $1905 (down 0.3%) for two-bedrooms. Be sure to check out their list of the top 100 metro areas. “Even with ongoing economic uncertainty, the U.S. rental market continues to demonstrate striking resilience…While the national rent rates are slightly down from last year, that softness is misleading. In the context of a historic wave of new supply, the limited decline in rents is a strong indicator of how powerful renter demand remains.” Said…
The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index has reported a 2.3% annual increase for May, 2025. Their 10-City Composite and their 20-City Composite both increased 0.4%, year-over-year. Yardi says the trends are experiencing broad-based fatigue: “Monthly trends also signaled broad-based fatigue. All three headline indices rose just 0.4% on a non-seasonally adjusted basis, the slowest monthly gain since January. After seasonal adjustment, each declined 0.3%, marking the third consecutive month of seasonally adjusted declines for the National Composite…” Said Nicholas Godec, CFA, CAIA, CIPM, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices. …
CNBC’s Diana Olick says it’s getting harder to sell a home, as rising supply, high mortgage rates and waning consumer confidence conspire to keep potential buyers on the sidelines. She says some frustrated sellers are deciding to de-list their properties and instead offer them on the rental market – which is putting them in direct competition with institutional investors in the markets where they’re most prevalent. Click on the image below to watch: Click here to read the full story at CNBC.
According to their “advance” estimate, the U.S. Bureau of Economic Analysis is reporting that America’s real gross domestic product (GDP) increased at an annual rate of 3% in Q2 2024. Click here to read the full report at the U.S. Bureau of Economic Analysis.
The National Association of Realtors is reporting that pending home sales dropped 0.8% in June, 2025 and down 2.8% year over year. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) came in at 72 in June. The NAR’s explanation offers a mixed bag of variables: “The data shows a continuation of small declines in contract signings despite inventory in the market increasing. Pending sales in the Northeast increased incrementally even though home price growth in the region has been the strongest in the country.” Said the NAR’s Chief Economist Lawrence Yun. Click here to read…
The U.S. government is reporting that the national vacancy rates for Q2 2025 were 7% for rental housing and 1.1% for homeowner housing. The national homeownership rate for Q2 2025 was 65%. In addition, approximately 89.6% of the housing units in the United States in Q2 were occupied and 10.4% were vacant. Owner-occupied housing units made up 58.2% of total housing units, while renter-occupied units made up 31.3% of the inventory. Vacant year-round units comprised 8.1% of total housing units, while 2.3% were vacant for seasonal use. Click here to read the full release at the U.S. Census Bureau.
In a post earlier this week, we learned that foreclosure activity was up slightly during the first half of 2025. Today’s graphic from ATTOM illustrates that foreclosure activity by state as well identifying the top 10 states. Stay safe and have a Happy Friday!!! Hat tip to ATTOM.
