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 and trends that have recently caught our attention:

• The Federal Reserve has been on a balance sheet reduction program in recent quarters. It has now shed 43% of the quantitative easing additions seen during the pandemic.
• Multifamily starts have fallen from a peak of 211,000 units in 2022 Q1 to 65,000 in 2024 Q3, per CoStar.
• Virginia data centers consumed 25.59% of the state’s electricity in 2023, according to the Electric Power Research Institute.
• The number of newly constructed single-family homes has increased more than 50% over the past year, reaching levels last seen in the summer of 2009, as reported by the Commerce Department.
• UN Tourism’s World Tourism Barometer shows that global tourism has returned to 98% of its pre-pandemic levels through the first nine months of 2024, with The Americas at 97%.
• A Google Workplace survey found that 93% of Gen Z respondents (ages 22-27) use two or more AI tools per week.
• According to the International Trade Administration, Texas, California, and Michigan rank as the top three states for trade with Mexico, while Hawaii, Wyoming, and Alaska rank as the bottom three.
• McKinsey estimates that the modular construction industry could see global revenues of $1.1 trillion by 2040, up from $180 billion in 2022.
• In the U.S., modular construction’s market share more than tripled to 6.6% from 2015 to 2023, per the Modular Building Institute.
• KKR recently stated that private real estate equity is valued well below its 20-year average.