Weekly Market Observations - April 19, 2023

Here’s Our Weekly Market Observations :

New construction represents one-third of total home sales

Blackstone closes the largest real estate drawdown fund ever raised, at $30.4B.

Arbor forecloses on 3,200 unit portfolio in Houston, TX

Retail sales dropped 1% in March by 1st, the fourth decline over the last five months

Average 30yr fixed mortgage rates are down slightly to 6.27%