Colliers Quick Hits | December Numbers to Watch

by | 08 December 2022

At Colliers, we understand the importance of interconnected data, macroeconomic trends, and anecdotes in real estate decisions. With that in mind, here are 10 numbers that have recently caught our attention.

The cost of overseas freight has fallen dramatically. The Freightos Baltic Index of global container freight dropped from a peak of $11,109 in September 2021 to $2,786 in late November. Prices are still above pre-pandemic rates.

The S&P CoreLogic Case Shiller national home price index fell in September for the third consecutive month.

Meanwhile, the National Association of Realtors reported that October was the ninth consecutive month that existing home sales slowed.

Lennar and ICON are partnering on the first large-scale 3D-printed housing development in Austin, Texas. In total, the companies will print 100 three-and-four-bedroom homes.

Adobe Analytics reported consumers spent a record $9.12 billion online during Black Friday this year. That figure is up 2.3% from 2021. Cyber Monday racked up $11.3 billion, a 5.3% increase over last year.

The National Retail Federation expects consumers to return 18% of purchases this holiday season. Many retailers are changing their return policies due to higher costs.

The Federal Reserve Bank of St. Louis reported that the personal savings rate was $626 billion in Q3. This number fell from $4.85 trillion in Q2 2020 when stimulus checks supported households.

Forbes reported the near-term forward spread inverted in November. This statistic has proven a strong recession indicator.

A Bank of America survey of fund managers showed 92% expect a stagflation environment, which is above-trend inflation with low economic growth.

Bloomberg reports that Qatar spent $300 billion preparing for the World Cup.

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