Articles by Mark Paul Cervantes

U.S.
Housing

U.S. construction spending falls in January

March 1, 2023 Mark Paul Cervantes Comments Off on U.S. construction spending falls in January

WASHINGTON, March 1(Reuters) – U.S. construction spending unexpectedly fell in January as investment in single-family homebuilding continued to decline. The Commerce Department said on Wednesday that construction spending dipped 0.1% in January after dropping 0.7% […]

housing
Housing

‘The risk of a deep housing slide persists’: Dallas Fed says downturn in U.S. and German housing markets could affect the rest of the world

March 1, 2023 Mark Paul Cervantes Comments Off on ‘The risk of a deep housing slide persists’: Dallas Fed says downturn in U.S. and German housing markets could affect the rest of the world

U.S. mortgage rates are up again, threatening to push the housing sector back into a recession, and a new report is warning that the weakness in the housing market has implications for the rest of […]

Unprecedented
Commercial Real Estate

Facing “Unprecedented Challenges” And Soaring Rates, PIMCO-Owned Landlord Defaults On $1.7 Billion In Office Mortgages

March 1, 2023 Mark Paul Cervantes Comments Off on Facing “Unprecedented Challenges” And Soaring Rates, PIMCO-Owned Landlord Defaults On $1.7 Billion In Office Mortgages

Amid the recent record surge in interest rates, the residential housing market may have frozen – as the gap between bids and asks stretches to unprecedented levels – but it is hardly in freefall, courtesy of several […]