Market Datavs. 1 year ago
30-year mortgage6.76%▲ +0.41 pts15-year mortgage6.09%▲ +0.59 pts10-year Treasury4.95%▲ +0.91 ptsMortgage spread1.81 pts▼ -0.50 ptsMedian list price (Aug)$425k▼ -1.3%List $/sqft (Aug)$224▼ -1.8%Days on market (Aug)60 +0 daysActive listings (Aug)1.14M▲ +3.6%New listings (Aug)402k▼ -0.1%Pending sales (Aug)452k▼ -0.6%Housing starts (Jul)1.24M▼ -13.5%Building permits (Jul)1.43M▲ +2.4%New-home sales (Jul)607k▼ -6.3%Existing-home sales (Aug)3.98M▼ -1.2%Months of supply (Jul)9.6▲ +0.4 moMortgage delinquency (Q2)1.86%▲ +0.08 pts
Updated 5:40 PM ET

Data Center Construction Starts Reach $58.1 Billion Through May

Data Center Construction Starts Reach $58.1 Billion Through May

Data center construction starts reached $58.1 billion year to date through May across 91 projects β€” more than four times the prior-year record pace β€” according to ConstructConnect. May starts alone totaled $7.9 billion. These are tracked construction starts using ConstructConnect’s proprietary methodology, not a measure of total industry spending. Key facts The average project … Read more

MasTec’s $1.65 Billion Superior Group Deal Targets Data Center Construction

MasTec's $1.65 Billion Superior Group Deal Targets Data Center Construction

MasTec has agreed to acquire Superior Group for approximately $1.65 billion, adding roughly 3,000 employees and specialized electrical and infrastructure capacity aimed at data center construction, the company announced. The consideration is about $1.175 billion in cash and $475 million in stock. This is an acquisition agreement β€” closing conditions had not been reported as … Read more

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