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In 2Q 2023, household formation in the U.S. reached its highest point since Covid.
Also retail reached its highest contribution level since the pandemic.
The suburbs appear to be a favored destination.
Many choose to stay in place, but some are following the flight to quality trend.
North America eked out a 5% gain but that was due to two large transactions.
Remote work is down from the pandemic peak, but still upwards of a quarter of the U.S. workforce.
In some markets though premiums are still high.
Is it fewer dining rooms, home offices and greater building costs that influence the size drop?
The top 15 commitments to real estate funds by private investment totaled $3.73 billion.
But single-family permits and starts are both inching back up.