RV manufacturers shipped over a record 600,000 vehicles in 2021. This year is on track to be the second-biggest year with more than 500,000 unit shipments.
FTC Regulation
The FTC issued 42 letters of investigation over mergers or similar transactions during the 2021 fiscal year, almost double the number for 2020 and the highest in more than 10 years.
Home Prices
Home prices have hit new highs as the inventory of homes for sale held below historical levels. The median single-family existing-home sales price rose 14.2% in the second quarter from a year ago to $413,500.
Land Prices
The average sale price per acre for American land in the second quarter of 2022 was $18,083, doubling over the last two years.
CRE Volume
This year, the sales-volume growth rate has been falling as rising inflation has pushed interest rates higher. In the second quarter, investors purchased $190.3 billion of commercial property, an increase of 17% over the same period in 2021 but down from a 150% sales-volume increase in the second quarter of 2021.
Pension Funds
Public pension plans lost a median 7.9% in the year ended June 30, their worst annual performance since 2009.
Virtual Closings
Real-estate closings can now take place remotely in most states, with 43 states having laws permanently allowing remote online notarization up from 22 at the outset of the pandemic.
Apartment Rents
The red-hot rental market is starting to cool. Average apartment rents rose 9.4% in the second quarter of 2022 compared with the same quarter in 2021, down from the more than 11% annual increases seen the previous two quarters.
Volatility
The VIX hasn’t closed above 30, a key level that signifies increased fear, since June and settled Tuesday just below 24. The VVIX, an index measuring the volatility of the VIX itself, has fallen relatively steadily since January and recently hit a three-year low of 80.
Credit Card Debt
Total general-purpose and store credit-card debt fell to $748 billion in April 2021 from $913 billion in January 2020. It remains among the few mainstream forms of consumer debt where the aggregate balances, now at $855 billion in May, haven’t yet returned to prepandemic norms.