Latest news with #U.S.CensusBureau
Yahoo
42 minutes ago
- Business
- Yahoo
Multifamily starts rise 5% YOY for buildings with 5 or more units
This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. Starts for buildings with five or more units fell 30.4% month over month in May and rose 5% year over year to a seasonally adjusted rate of 316,000, according to a monthly report from HUD and the U.S. Census Bureau. At the end of May, 733,000 units were under construction, an 18.9% YOY drop and a 1.5% month-over-month decline. Multifamily developers finished an annualized 487,000 apartments in buildings with five or more units, a 6.7% YOY decline and a 0.2% month-over-month increase. Overall housing starts came in at a seasonally adjusted annual rate of 1.3 million in May — a 4.6% decrease YOY and a 9.8% drop versus April. Single-family home starts were at a rate of 924,000 homes, a 7.3% YOY decline and a 0.4% month-over-month increase. Apartment developers pulled permits for a seasonally adjusted rate of 444,000 apartments in buildings with five units or more, a 13% YOY increase and a 1.4% increase compared to April. The debt market isn't a significant hurdle as large developers plan new projects, according to Greg Bonifield, founding partner at Charleston, South Carolina-based apartment developer Woodfield Development. 'The debt markets are still very liquid,' Bonifield told Multifamily Dive. 'A multitude of debt lenders are anxious to deploy capital in the multifamily sector, and at what I consider to be attractive spreads.' Bonifield said that traditional banks, life companies and other institutional players are active and liquid in the space. 'You have seen numerous funds put together that are actively deploying debt, especially in the bridge loan area,' Bonifield said. 'Those are people wanting to put out money in the two- to five-year time frame for people that want to hold the assets before selling them or putting longer-term debt on.' However, equity continues to be an issue. 'On the equity side, it's very selective there,' Bonifield said. 'There absolutely is [limited partner] common equity available for new multifamily development.' But that equity is interested in well-located projects with strong sponsors. 'It is generally more available for very established development groups, but it's limited and strategic, and it's both domestic and foreign,' Bonifield said. Click here to sign up to receive multifamily and apartment news like this article in your inbox every weekday. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Retail sales in US steady but inflation threat grows
Retail sales data from the U.S. Census Bureau show that core retail spending continued to rise in May, even as overall retail sales slipped. The figures suggest American consumers are managing in the face of trade policy uncertainty, though economists warn that inflation tied to tariffs could take hold later in the year. According to the Census Bureau, overall retail sales dropped by 0.9% in May compared to April, seasonally adjusted. However, sales were still 3.3% higher than in May 2024, unadjusted for seasonal variation. Core retail sales — excluding vehicles, fuel, and food services — rose by 0.1% month over month and climbed 3.9% year over year. The National Retail Federation (NRF), which tracks these core categories to gauge consumer spending on discretionary goods, reported a 4.4% year-over-year increase based on a three-month moving average. Sales in the first five months of 2025 were also up 3.9% compared to the same period in 2024. NRF Chief Economist Jack Kleinhenz noted that the current growth mirrors last year's pace and is supported by rising wages and an improved stock market. However, he warned that inflation linked to tariffs on imported goods could start to impact household budgets in the coming months. 'Consumers are seeing their way through the uncertainty with trade policies,' Kleinhenz said, 'but I expect the inflation associated with tariffs to be felt later this year. Consumers remain very price sensitive, and those costs are likely to weigh heavily on consumer budgets.' Although consumers appear resilient for now, the long-term effects of trade tensions and price increases remain a concern for retailers and economists alike. Separate data from the CNBC/NRF Retail Monitor, based on transaction data from Affinity Solutions, indicated that core retail sales rose by 0.23% month over month in May and 4.2% year over year. This represents a slowdown from April's figures, which showed growth of 0.9% month over month and 7.11% year over year. The trend suggests that while consumer demand remains strong, spending may begin to cool as households adjust to potential cost increases and economic uncertainty. The NRF continues to monitor monthly retail sales data closely and provides annual forecasts, including for critical shopping periods like the holiday season. Navigate the shifting tariff landscape with real-time data and market-leading analysis. Request a free demo for GlobalData's Strategic Intelligence . "Retail sales in US steady but inflation threat grows" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
USA Today
2 days ago
- Entertainment
- USA Today
Salma Hayek, Linda Evangelista and how to successfully co-parent in blended families
Salma Hayek, Linda Evangelista and how to successfully co-parent in blended families Show Caption Hide Caption Relationship expert has tips to start dating again after a divorce Moving on after a divorce can be challenging, but relationship expert Dr. Ramani has tips to help you dip your toes back into the dating pool. Co-parenting can be hard. But celebrities are showing how it's done. Linda Evangelista, Salma Hayek and French billionaire François-Henri Pinault were all smiles as they huddled together in Instagram photos celebrating their son Augustin Evangelista's high school graduation. Antonio Banderas recently commented on a photo featuring his daughter Stella Banderas and ex-partner Melanie Griffith: 'Happy to see you all happy!!' Jennifer Garner also took to Instagram stories to wish her ex-husband Ben Affleck a happy Father's Day, according to a screenshot taken by E! News and Page Six. They share three kids. What's the secret to a successful co-parenting relationship? Emotional maturity, healthy boundaries, skillful communication and child-focused parenting, said Karen Bonnell, psychotherapist and author of the 'The Co-Parenting Handbook' and 'The Stepfamily Handbook.' It's 'no small task,' she said. But children ultimately benefit when parents do the work. 'Whether graduations, weddings, moving into a dorm room in the fall – parents who are able to share space responsibly honor their children's special events,' Bonnell said. What is co-parenting? In 2023, more than 2.3 million children under 18 lived in stepfamilies, according to data from the U.S. Census Bureau. Co-parenting exists on a continuum and occurs when two people share a child, Bonnell said. Parallel co-parenting exists at one end of the spectrum, while cooperative co-parenting exists at the other. Ex-couples practicing parallel co-parenting maintain a formal, rule-driven, low-engagement and 'business-like' relationship as they raise their children, she said. The only things required for it are basic civility, skillful problem-solving and responsible communication. Cooperative co-parenting describes a more 'collaborative' relationship. Parents may share holidays, transition from one home to the other and maintain a good relationship with stepparents. 'Parents have grieved the end of their intimate partnership freeing them both to devote their co-parenting relationship to working well enough together across both homes on behalf of the children,' Bonnell said. Co-parenting dynamics typically exist somewhere on the spectrum and may change over time, she said. Children can 'emerge into adulthood whole and healthy' regardless of where parents find themselves on the continuum. Interesting: Dax Shepard and Kristen Bell are embracing free-range parenting. What is that? How to successfully co-parent The first step in developing the foundation for a good co-parenting relationship is a thoughtful parenting plan, Bonnell said. It also takes emotional maturity – 'the capacity to grieve the loss of the intimate partnership, relinquishing dreams that surround being part of an original family and allow the future to be whole and healthy,' she said. This emotional maturity should include letting go of any resentment, anger and contempt toward a former partner so it doesn't indirectly affect the children. Responsible communication – regarding sports, academics, healthcare and the future – is also key to a successful co-parenting relationship. Parents should avoid telling children 'adult explanations' of their separation or divorce that can impact how they view their parents, Bonnell said. Children also suffer if they lose their relationship with one parent or if they feel "caught in the middle" of their parents' conflict. 'Divorce is a shift in family structure that involves important change and loss – that said, divorce is not a trauma,' she said. 'What makes divorce a trauma for children is when they are put in impossible situations between their parents, when they are used as pawns or living in ongoing, toxic conflict between their parents.' Living room or bedroom kid? What it says about your family dynamic You don't need two to tango The bulk of parents want what's best for their children and simply need information, support and skills to help coparenting, Bonnell said. But some exes are toxic and prolong conflict that affects children. Unfortunately, there's not much a parent can do to change their ex-partner's behavior unless it crosses the line to violence or other misconduct that can be addressed in the legal system. But the good thing about co-parenting is that you don't always need a cooperative ex-partner for it to be successful, Bonnell said. 'Skillful co-parenting doesn't actually need both parents to work together,' she said. 'One parent can commit to healthy, skillful co-parenting regardless of their child's other parent's interest or willingness to participate.' As long as the parent cares for their children and listens to them, while providing warmth, structure and healthy boundaries, they're able to successfully co-parent regardless of how the other parent responds. 'It's not a question of whether you'll co-parent,' she said. 'The question is how skillfully you will co-parent.' Adrianna Rodriguez at adrodriguez@
Yahoo
2 days ago
- Entertainment
- Yahoo
Salma Hayek, Linda Evangelista and how to successfully co-parent in blended families
Co-parenting can be hard. But celebrities are showing how it's done. Linda Evangelista, Salma Hayek and French billionaire François-Henri Pinault were all smiles as they huddled together in Instagram photos celebrating their son Augustin Evangelista's high school graduation. Antonio Banderas recently commented on a photo featuring his daughter Stella Banderas and ex-partner Melanie Griffith: 'Happy to see you all happy!!' Jennifer Garner also took to Instagram stories to wish her ex-husband Ben Affleck a happy Father's Day, according to a screenshot taken by E! News and Page Six. They share three kids. What's the secret to a successful co-parenting relationship? Emotional maturity, healthy boundaries, skillful communication and child-focused parenting, said Karen Bonnell, psychotherapist and author of the 'The Co-Parenting Handbook' and 'The Stepfamily Handbook.' It's 'no small task,' she said. But children ultimately benefit when parents do the work. 'Whether graduations, weddings, moving into a dorm room in the fall – parents who are able to share space responsibly honor their children's special events,' Bonnell said. In 2023, more than 2.3 million children under 18 lived in stepfamilies, according to data from the U.S. Census Bureau. Co-parenting exists on a continuum and occurs when two people share a child, Bonnell said. Parallel co-parenting exists at one end of the spectrum, while cooperative co-parenting exists at the other. Ex-couples practicing parallel co-parenting maintain a formal, rule-driven, low-engagement and 'business-like' relationship as they raise their children, she said. The only things required for it are basic civility, skillful problem-solving and responsible communication. Cooperative co-parenting describes a more 'collaborative' relationship. Parents may share holidays, transition from one home to the other and maintain a good relationship with stepparents. 'Parents have grieved the end of their intimate partnership freeing them both to devote their co-parenting relationship to working well enough together across both homes on behalf of the children,' Bonnell said. Co-parenting dynamics typically exist somewhere on the spectrum and may change over time, she said. Children can 'emerge into adulthood whole and healthy' regardless of where parents find themselves on the continuum. Interesting: Dax Shepard and Kristen Bell are embracing free-range parenting. What is that? The first step in developing the foundation for a good co-parenting relationship is a thoughtful parenting plan, Bonnell said. It also takes emotional maturity – 'the capacity to grieve the loss of the intimate partnership, relinquishing dreams that surround being part of an original family and allow the future to be whole and healthy,' she said. This emotional maturity should include letting go of any resentment, anger and contempt toward a former partner so it doesn't indirectly affect the children. Responsible communication – regarding sports, academics, healthcare and the future – is also key to a successful co-parenting relationship. Parents should avoid telling children 'adult explanations' of their separation or divorce that can impact how they view their parents, Bonnell said. Children also suffer if they lose their relationship with one parent or if they feel "caught in the middle" of their parents' conflict. 'Divorce is a shift in family structure that involves important change and loss – that said, divorce is not a trauma,' she said. 'What makes divorce a trauma for children is when they are put in impossible situations between their parents, when they are used as pawns or living in ongoing, toxic conflict between their parents.' Living room or bedroom kid? What it says about your family dynamic The bulk of parents want what's best for their children and simply need information, support and skills to help coparenting, Bonnell said. But some exes are toxic and prolong conflict that affects children. Unfortunately, there's not much a parent can do to change their ex-partner's behavior unless it crosses the line to violence or other misconduct that can be addressed in the legal system. But the good thing about co-parenting is that you don't always need a cooperative ex-partner for it to be successful, Bonnell said. 'Skillful co-parenting doesn't actually need both parents to work together,' she said. 'One parent can commit to healthy, skillful co-parenting regardless of their child's other parent's interest or willingness to participate.' As long as the parent cares for their children and listens to them, while providing warmth, structure and healthy boundaries, they're able to successfully co-parent regardless of how the other parent responds. 'It's not a question of whether you'll co-parent,' she said. 'The question is how skillfully you will co-parent.' Adrianna Rodriguez at adrodriguez@ This article originally appeared on USA TODAY: Salma Hayek, Linda Evangelista and how to successfully coparent
Axios
3 days ago
- Business
- Axios
What someone in Raleigh needs to make per year to afford rent
Renters in the Raleigh metro area would need a household income of at least $70,451 per year to afford the typical monthly rent in the area, according to a new report. Why it matters: That is 31% higher than what a Raleigh-area household would have needed to earn five years ago, per the analysis from Zillow. What they did: Zillow assumed that rent should take up no more than 30% of household income — a common standard for calculating affordability. Zillow pegs a typical Raleigh-area rent in April at $1,761 a month. Between the lines: After surging in the early years of the COVID-19 pandemic, rent in the Triangle has stabilized in the past few years, as a large supply of new apartments opened. Raleigh households are also seeing their income grow as well. Median household income in Raleigh was $82,424 per year in 2023, according to data from the U.S. Census Bureau. Zoom out: The income needed in the Raleigh metro area, which includes Wake, Johnston and Franklin counties, is still lower than the national average.
