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 Inflation has taken a toll on consumers, and the overall cost of building materials continues to not just grow, but to do so at astonishing rates.
According to a recent report released by the National Association of Home Builders (Building Materials Prices Increase in July as Concrete Surges, 8.15.22) which summarizes its analysis of the latest government data in the form of the Producer Price Index (PPI), the price of building materials was up another 0.4%, not seasonally adjusted.
Prices have surged 35.7% since January 2020, with 80% of the increase occurring since January 2021.
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 In June 2022, the Fed increased interest rates by 75 basis points – its largest move since 1994, noting that inflation is the highest it’s been since the early 1980s. The target federal funds range 1.5% to 1.75%, and the Fed anticipates more increases.
By gradually raising rates, the Fed is trying to get a handle on inflation and slowly pull some of the excess liquidity out of the economy.
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 Starting a business is never easy. Choosing the right state for a business is therefore crucial to its success.
WalletHub recently named Texas the state that best provides the conditions that support business creation — access to cash, skilled workers and affordable office space — all of which are important to help new ventures not only take off but also thrive.
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 Lumber futures have dropped almost 50 percent from their 300 percent peak in May 2021, according to Nasdaq.
The fall came as mills restarted or ramped up production and some customers delayed purchasing until prices came down, the New York Times reported.
However, prices remain at more than double what they were a year ago. Mills have begun to restart or increase production.
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 The headwinds caused by COVID-19 and the related shutdowns of various segments of the national economy has impacted the local real estate market, including skyrocketing lumber prices and other related construction costs, manufacturing delays, a slowdown in municipal approvals, changing consumer habits, record homebuilding starts and closings as well as shifting construction priorities by developers.
Supply challenges continue to escalate; however, builders are adapting by placing orders early in advance and being flexible with substitution products. Not as easy to adapt to is the rising cost of lumber. For example, the spot market for random length lumber ($/1,000 board feet) increased from $354 in June 2020 to $975 in February 2021. …Read Entire Post
 According to the latest report released by the U.S. Bureau of Economic Analysis (BEA), personal income in Texas increased 5.1 percent in 2020.
Last year, the state’s per capita personal income increased to $54,841 from $52,829 in 2019.
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 We certainly hope that it doesn’t come to this but it is somewhat comforting to know that according to a recent study by Moody’s Investor Service reported by Yahoo News, San Antonio is considered to be most prepared for a recession.
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According to NAIOP analysis, the $2-trillion economic stimulus bill recently passed by House and Senate leaders in response to the COVID-19 pandemic, has multiple positive implications for commercial real estate.
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 Click article link below to watch video As part of REBusinessOnline’s Finance Insight series, Charles Cronin of Axiom Capital Corp. recently discussed how the longest upcycle in history is impacting the lending environment.
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According to the American Institute of Architects, 2020 started the year on a strong note as architecture firm billings strengthened slightly in January.
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