Repurposed hotels gave rise to 4,556 new apartment units last year.

Renters' self-assessed probability of ever owning a home decreased to a new low.

California saw a 405% year-over-year increase and Connecticut experienced a 500% surge.

On the brighter side, the report said affordable inventory is on the rise in other parts of the country, especially the South

The U.S. recorded sales volume of $9.97 billion for industrial property, with an average sales price of $147 per SF

Leasing demand was driven by a desire to boost supply chain resilience

But the West emerged from 13 straight months of falling rents to achieve an annual increase of 0.4%.

The drop gives some insight into when the excess supply might start to taper.