Market News

For 2022, annual premiums for an employer-provided family plan were $22,463 with employees paying $6,106 of the total. The average cost of an employer health plan for an individual for 2022 was $7,911.

During the three months ended in May 2020, the amount of municipal debt sold privately spiked to 13.4%, the highest share in 13 years on record. It has since retreated to about 8%, or around $36 billion—up from 4% in 2012.

Apartment demand in the third quarter was the lowest since 2009, when the U.S. was feeling the effects of the subprime crisis. Measured quarterly, the drop in demand was the worst of any third quarter—normally prime leasing season—in the more than 30 years.

Kushner Cos. is making an unsolicited bid for Veris Residential Inc. (formerly known as Mack-Cali Realty Corp) that would value Veris at about $4.3 billion including debt. Kushner offered $16 a share for the real-estate investment trust.

As the stock market swoons, individual investors are placing fewer trades, slowing to 2020 volume.

Marriott announced the debut of The Ritz-Carlton Yacht Collection, making its foray into the luxury yachting space.

Kroger Co. said it is buying rival Albertsons Cos Inc. in a deal that values the company at $24.6 billion, one of the biggest deals in the history of the grocery industry in the U.S.

There were over 60 million skier visits to U.S. resorts last season, the highest ever reported. The past two years also posted record individual domestic participation—10.5 million in 2020/2021 and 10.7 million in 2021/2022.

Blackstone will invest $500 million in privately held Resolution Life and help it raise roughly $2.5 billion. Blackstone will manage Resolution Life’s illiquid investments in areas such as private credit, private real estate and asset-based finance. The arrangement will add as much as $25 billion to the private-equity firm’s assets under management in the first year and is expected to contribute a total of more than $60 billion over the next six years.

Apartment demand turned negative last quarter, the first Q3 in at least 30 years that such a phenomenon occurred. Net demand was -82,095 units in Q3 among the markets tracked, bringing year-to-date net demand to -47,143 units.