AGP Executive Report
Last update: 8 hours agoHousing Supply: California issued permits for 36,600 multifamily homes through August, up 33% year over year—the third-strongest start to a year since 1990. Los Angeles and Orange counties drove much of the increase. Commercial Market: Long Island’s office vacancy rate fell to 11.6% in Q3 as demand for quality space met shrinking supply; industrial leasing also remained strong, reaching 1.1 million square feet. Homeownership Costs: Ghana’s National Housing Fund cut its mortgage rate from 13.5% to 8.4% to widen access, though mortgage lending remains scarce. In the U.S., rising rates are pushing some Seattle-area buyers to make larger down payments, while Hocking County homeowners face higher tax bills as assessed values climb. Housing Crisis: Spain’s housing protests gained renewed force after 87-year-old Maricarmen died two weeks after her eviction, making affordability and tenant protections a sharper political issue.
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