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High priority

Fed discount-rate minutes show four Reserve Banks asking for a higher primary credit rate in July

The Federal Reserve Board released on August 25, 2026 the minutes of its discount rate meetings of July 20 and July 29, 2026. Ahead of the July 20 meeting, directors of ten Reserve Banks — New York, Richmond, Atlanta, Kansas City and Dallas voting on July 9, and Boston, Philadelphia, Chicago, St. Louis and San Francisco on July 16 — had voted to establish the primary credit rate at the existing level of 3.75 percent, while the directors of Cleveland and Minneapolis voted for 4 percent. By the July 29 joint meeting of the Board and the FOMC, the directors of Kansas City and Dallas had joined those of Cleveland and Minneapolis in requesting 4 percent, but no sentiment was expressed by the Board for changing the rate and it again approved 3.75 percent, holding the interest rate paid on reserve balances at 3.65 percent effective July 30 alongside the FOMC’s decision to maintain the federal funds target range at 3-1/2 to 3-3/4 percent. The minutes record that Reserve Bank directors reported stable economic conditions, with many describing steady demand, high credit availability and stable credit quality in commercial lending, and several commenting on elevated inflation and increasingly price-conscious consumers.

Federal Reserve

Bogotá residential property prices rise 8.88% year over year in the second quarter, up from 5.96% a year earlier

Colombia's statistics agency DANE published in Bogotá on August 25, 2026 the Residential Property Price Index (IPPR) for the second quarter of 2026, on provisional figures. The annual variation of the index for Bogotá was 8.88%, an increase of 2.92 percentage points over the 5.96% recorded in the same quarter of 2025 and 0.48 points above the 8.40% of the immediately preceding quarter. The year-to-date variation was 5.65%, up 1.70 points from the 3.95% of the second quarter of 2025. Quarter over quarter the index rose 4.06%, 0.46 points more than the 3.60% registered in the second quarter of 2025 and 2.53 points above the previous quarter. The IPPR tracks price changes for residential property in the city of Bogotá and is built from administrative records using a hedonic time-dummy methodology.

DANE (Colombia)

Mexican construction firms' output rises 6.9% year over year in June, with hours worked up 1.0%

Mexico's statistics institute INEGI published on August 25, 2026 the results of its National Survey of Construction Companies (ENEC) for June 2026. In seasonally adjusted real terms, the value of production of the construction sector rose 0.1% from May and 6.9% from June 2025. Total employment at construction firms grew 0.1% on the month and 0.9% on the year, while hours worked rose 0.6% and 1.0% respectively. Real average earnings fell 0.5% on the month but were 2.2% higher than a year earlier. Within the employment total, staff not on the firms' own payroll — hired and supplied by another entity, or paid by fee or commission — rose 1.7% month over month yet stood 10.5% below June 2025, while payroll staff were unchanged on the month and up 1.2% on the year.

INEGI (Mexico)
High priority

New-home sales fall 10.5% in July to a 607,000 pace as months' supply climbs to 9.6

The U.S. Census Bureau and the Department of Housing and Urban Development reported on August 25, 2026 that sales of new single-family houses in July 2026 ran at a seasonally-adjusted annual rate of 607,000 — 10.5 percent below the June 2026 rate of 678,000 and 6.3 percent below the July 2025 rate of 648,000. The seasonally-adjusted estimate of new houses for sale at the end of July was 488,000, 1.9 percent above June and 1.6 percent below a year earlier, representing a supply of 9.6 months at the current sales rate against 8.5 months in June. The median sales price of new houses sold was $393,800, down 2.3 percent from June's $403,100 and 0.9 percent from July 2025, while the average sales price rose to $508,800 from $488,900 in June.

U.S. Census Bureau
High priority

Case-Shiller national home prices rise 1.5% year over year in June, with nine points separating Chicago from Seattle

S&P Dow Jones Indices released the June 2026 results for the S&P Cotality Case-Shiller Indices on August 25, 2026. The U.S. National Home Price NSA Index posted a 1.5% annual gain, up from a 1.2% rise in the previous month, while the 10-City Composite rose 2.9% (from 2.4%) and the 20-City Composite 2.1% (from 1.6%). Chicago led all 20 cities for the fourth consecutive month with a 6.9% annual increase, followed by New York at 4.8% and Cleveland at 4.1%; Seattle recorded the largest annual decline at 2.0%, followed by Las Vegas at -1.9% and Denver at -1.2%. For the 13th consecutive month U.S. home values fell in real terms, as June's 3.5% inflation ran roughly 2 percentage points above the 1.5% home price gain.

S&P Dow Jones Indices

FHFA puts US house prices up 2.1% year over year in the second quarter, with the monthly index flat in June

The Federal Housing Finance Agency reported on August 25, 2026 that U.S. house prices rose 2.1 percent between the second quarter of 2025 and the second quarter of 2026, and 0.3 percent compared with the first quarter of 2026. FHFA's seasonally adjusted monthly index for June remained unchanged from May. All nine census divisions posted positive year-over-year house price changes: the East North Central division recorded the strongest appreciation at 4.5 percent from the second quarter of 2025 to the second quarter of 2026, while the Pacific division recorded the slowest, slightly above 0.0 percent. FHFA noted that nationally, the U.S. housing market has experienced positive annual appreciation each quarter since the start of 2012.

Federal Housing Finance Agency

Colombia’s new-housing price index rises 8.80% year over year in the second quarter, led by apartments

Colombia’s statistics agency DANE published in Bogotá on August 24, 2026 the New Housing Price Index (IPVN) for the second quarter of 2026, which covers 53 municipalities. Sale prices of newly built housing rose 8.80% against the same quarter of 2025 — 1.22 percentage points below the 10.02% recorded a year earlier — with apartments up 8.88% and houses up 6.67%. Against the first quarter of 2026 the index rose 2.41%, 0.31 points more than the 2.10% of the second quarter of 2025, with houses up 3.68% and apartments up 2.37%. So far this year, measured against the fourth quarter of 2025, new-housing prices are up 5.27%, 0.36 points below the 5.63% registered in the same period a year earlier; houses rose 7.03% and apartments 5.21%.

DANE (Colombia)

Unlock settles with Minnesota for $944,626 after the state called its home equity agreements mortgage loans

HousingWire reported on August 24, 2026 that Unlock settled with the Office of the Minnesota Attorney General over allegations that its home equity agreements (HEAs) were mortgage loans that violated the state's usury caps, disclosure rules and licensing requirements. The agreement, filed in early August, provides $944,626 in combined monetary and debt relief: $201,050 in direct refunds to consumers, an estimated $460,000 in debt relief and $283,576 paid to the attorney general's office for additional restitution. The Arizona-based company entered into about 86 HEAs in the state between 2021 and 2023, with advances ranging from $30,000 to $339,500 and an average equity stake of roughly 33% of each property, secured by a mortgage that could be foreclosed upon. Attorney General Keith Ellison's office said that when origination fees and equity stakes were treated as finance charges, the company charged an initial amount equal to 100% to 140% of the sum advanced and collected up to 22% in annualized interest. Unlock denies the claims, says it settled to avoid litigation, no longer offers the product in Minnesota and agreed not to resume unless licensed by the state's Department of Commerce. In July it settled with Colorado's attorney general, agreeing to treat its HEAs as consumer credit and identifying $283,375 in restitution owed to 125 homeowners.

HousingWire

Mexican annual inflation runs 3.26% in the first half of August, with owner-occupied housing among the biggest upward contributors

Mexico's statistics institute INEGI reported on August 24, 2026 that the National Consumer Price Index (INPC) stood at 145.393 points in the first half of August 2026, up 0.10% from the previous fortnight, leaving annual headline inflation at 3.26%. In the same fortnight of 2025 the change was -0.02% and the annual rate 3.49%. The core index rose 0.08% for the fortnight and 3.93% year over year, while the non-core index rose 0.18% and 0.96%. Among the generic products whose price moves weighed most on headline inflation, eggs, onions, taxi fares and owner-occupied housing rose, while domestic LP gas, potatoes and other tubers, tomatoes and chicken fell.

INEGI (Mexico)

Mexico's activity index slips 0.1% in June, but construction gains 3.0% on the month and 4.2% on the year

Mexico's statistics institute INEGI reported on August 24, 2026 that the Global Indicator of Economic Activity (IGAE) fell 0.1% in June 2026 from the previous month in real seasonally adjusted terms, and rose 1.7% year over year, to an index level of 106.8 (2018=100). By component, primary activities fell 3.6% and tertiary activities 0.1% month over month, while secondary activities rose 0.2%. Within the secondary sector, construction rose 3.0% on the month and 4.2% on the year and mining rose 0.6% and 7.0%, while manufacturing fell 0.6% and 1.2%. Real-estate and rental services were unchanged month over month and up 0.4% from a year earlier.

INEGI (Mexico)

Brazil's market survey puts the Selic at 13.75% for 2026, down from 14.00% four weeks earlier

The Focus – Relatório de Mercado of August 21, 2026, Banco Central do Brasil's weekly survey of market economists, put the median expectation for the Selic policy rate at 13.75% for 2026 — a level unchanged for three weeks, but down from the 14.00% median of four weeks earlier. Medians for later years stood at 12.00% for 2027, 10.50% for 2028 and 10.00% for 2029. Median IPCA inflation expectations were 5.02% for 2026, 4.25% for 2027, 3.80% for 2028 and 3.50% for 2029, with the 2027 median edging up from 4.24% a week earlier. Respondents put GDP growth at 1.95% for 2026, down from 1.98% a week earlier, and at 1.50% for 2027, and the exchange rate at R$5.20 to the dollar for 2026 and R$5.30 for 2027.

Banco Central do Brasil
High priority

Banxico minutes point to a prolonged hold at 6.50% as headline inflation eases to 3.10%

Banco de México published on August 20, 2026 the minutes of the Governing Board meeting behind its August 6 decision, in which all five voting members decided unanimously to hold the overnight interbank interest rate target at 6.50%. Looking ahead, the Board states that it considers it appropriate to keep the reference rate at its current level, judging the monetary stance adequate to face the challenges of the macroeconomic environment, including those arising from the international context. The annex records that annual headline inflation fell from 3.37% to 3.10% between June and the first half of July 2026, while annual core inflation eased from 4.03% to 3.95%.

Banco de México
High priority

Freddie Mac's 30-year fixed eases to 6.65% and the 15-year to 5.95%

The Freddie Mac Primary Mortgage Market Survey put the 30-year fixed-rate mortgage at 6.65% as of August 20, 2026, down from 6.67% the week before; a year ago at this time the 30-year FRM averaged 6.58%. The 15-year fixed-rate mortgage averaged 5.95%, down from 5.96% last week and against 5.69% a year earlier. Freddie Mac said the 30-year fixed-rate mortgage declined this week, adding that "with a dip in rates providing modest relief for homebuyers, it's important to remember borrowers can potentially save thousands by shopping around for the best mortgage rate."

Freddie Mac PMMS
High priority

Fed minutes show a 9–3 split, with three regional presidents pushing for a rate increase

The Federal Reserve released on August 19, 2026 the minutes of the July 28–29 FOMC meeting, at which the Committee kept the target range for the federal funds rate at 3.50% to 3.75%. The vote was 9 to 3, with Beth M. Hammack, Neel Kashkari and Lorie K. Logan voting against the action because they preferred to raise the target range by 1/4 percentage point at that meeting. The minutes also record a discussion of moving to six scheduled meetings per year, held roughly every two months, rather than the current eight — a change that would allow more information to accumulate between meetings — though no decisions regarding the meeting schedule were made.

Federal Reserve

Starwood and Realterm close a record $672 million loan on a 78-property outdoor storage portfolio

Bisnow reported on August 19, 2026 that Starwood Property Trust and logistics real estate specialist Realterm closed a $672 million loan on a 78-property, 830-acre industrial outdoor storage portfolio spanning 33 US markets, owned by affiliates of Stonemont Financial Group and Cerberus Capital Management. The financing refinances an existing $486 million loan and is described by the lenders as the largest industrial outdoor storage loan ever recorded.

Bisnow
High priority

Treasury doubles long-bond buybacks to at least $4 billion per operation as the 30-year yield hits a 19-year high

The U.S. Treasury said on August 19, 2026 that it would at least double the size of its liquidity-support buyback operations for 10- to 30-year Treasury debt securities, to a minimum of $4 billion per operation from the previously planned $2 billion, applying to the 10-year to 20-year sector and the 20-year to 30-year sector and effective September 9 through November 4. The move followed the 30-year Treasury yield hitting a 19-year high of 5.34% on Tuesday. Yields fell after the announcement, with the 10-year Treasury note down about 6 basis points to 4.66% on Wednesday.

Reuters
High priority

Mortgage applications fall 0.4% as refinance loan sizes shrink to a one-year low

The Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending August 14, 2026, as reported by HousingWire on August 19, showed the seasonally adjusted Market Composite Index down 0.4% from the week before, with the seasonally adjusted Purchase Index down 2% and 3% below the same week a year ago. The Refinance Index rose 2% on the week but remained 18% below a year earlier, and the refinance share of applications climbed to 41.9% from 40.7%. The average 30-year fixed rate on conforming loans held at 6.77%, while jumbo 30-year rates edged up to 6.71% from 6.68% and 15-year fixed rates eased to 6.08% from 6.10%. MBA's Joel Kan said the average refinance loan size fell to $282,200, its lowest since June 2025, as borrowers with larger loans stay on the sidelines at current rate levels.

HousingWire

Apartment concessions ease to 15.8% of units in July, but usage stays well above a year ago

RealPage Market Analytics reported on August 18, 2026 that 15.8% of stabilized apartment units nationwide offered concessions in July, down 0.7 percentage points from June's 16.5% but still 2.3 points above July 2025's 13.5%. The average concession discount held flat at 11.1%, equal to nearly six weeks free on a year-long lease. Class C usage rose to 21.5% (up 0.7 points from June and 5.6 points year-over-year), while Class B fell to 13.8% and Class A to 12.5% — the only class below year-ago levels. Efficiency units carried the heaviest incentives, at 18.4% usage and a 12.3% average discount.

RealPage Market Analytics

Colombia's economy grows 3.5% in the second quarter, with first-half growth at 2.9%

Colombia's national statistics agency DANE reported on August 18, 2026 that GDP grew 3.5% year over year in the second quarter of 2026, leaving first-half growth at 2.9% versus the same period of 2025. Public administration and defense, education, and human-health and social-work activities grew 10.0% and contributed 1.7 percentage points to the annual result — nearly half of the total expansion. Commerce, transport and hospitality grew 2.2%, contributing 0.5 percentage points, while arts, entertainment and household services grew 9.5%, contributing 0.4 percentage points.

DANE (Colombia)
High priority

US housing starts fall 12.4% in July to a 1.24 million pace as permits rise 5.0%

The Census Bureau and HUD announced on August 18, 2026 that privately-owned housing starts ran at a seasonally adjusted annual rate of 1,239,000 in July — 12.4% (±9.5%) below the revised June estimate of 1,415,000 and 13.5% (±11.0%) below the July 2025 rate of 1,432,000. Single-family starts fell to 808,000, down 9.9% from June's revised 897,000, while starts in buildings of five or more units came in at 421,000. Building permits moved the other way, rising 5.0% to a 1,443,000 rate and 3.1% above a year earlier, with single-family permits up 2.5% to 894,000. Housing completions fell 9.1% to a 1,212,000 rate, down 16.8% from July 2025. The next report is scheduled for September 17, 2026.

U.S. Census Bureau

Builder confidence ticks up to 35 in August as price-cutting eases slightly

The NAHB/Wells Fargo Housing Market Index, released August 17, 2026, rose one point to 35 in August from July's 34 — the 16th consecutive month below the neutral 50 reading. Current sales conditions rose two points to 39, while future sales expectations held at 43 and prospective buyer traffic was unchanged at 23. The share of builders cutting prices eased to 35% in August from 37% in July, with the average price reduction holding at 6%. NAHB's chairman said rising gas and diesel prices are pushing up material costs and that spec home building remains weak.

National Association of Home Builders

US retail and food services sales fall 0.6% in July to $763.6 billion, still up 5.0% on the year

The US Census Bureau announced on August 14, 2026 that advance estimates of US retail and food services sales for July 2026 — adjusted for seasonal variation and holiday and trading-day differences, but not for price changes — were $763.6 billion, down 0.6% (±0.4%) from the previous month but up 5.0% (±0.5%) from July 2025. Total sales for the May 2026 through July 2026 period were up 6.3% (±0.5%) from the same period a year ago. June 2026 was revised to $768.1 billion, and the May-to-June percent change was unrevised from up 0.2% (±0.3%), a figure whose 90% confidence interval includes zero. The next advance report, covering August, is scheduled for September 16, 2026.

US Census Bureau
High priority

Freddie Mac's 30-year fixed eases to 6.67% and the 15-year to 5.96%

The Freddie Mac Primary Mortgage Market Survey put the 30-year fixed-rate mortgage at 6.67% as of August 13, 2026, down from 6.69% the week before; a year ago at this time the 30-year FRM averaged 6.58%. The 15-year fixed-rate mortgage averaged 5.96%, down from 6.01% last week and against 5.71% a year earlier. Freddie Mac's accompanying note said mortgage rates remained relatively stable this week at 6.67%, that housing affordability has improved from a year ago, and that recent increases in purchase and refinance applications suggest borrowers continue to respond to even modest changes in mortgage rates. This is the figure every Fundamento tool plans around.

Freddie Mac PMMS

Argentina's consumer prices rise 2.1% in July, with housing rent lifting core inflation and the twelve-month rate at 33.8%

INDEC reported from Buenos Aires on August 13, 2026 that the general level of the consumer price index recorded a monthly rise of 2.1% in July 2026 and has accumulated a 19.3% variation in the year, with the twelve-month variation at 33.8%. Core CPI rose 1.8%, with increases tied to housing rent and cultural services offset by a fall in building expensas after the withdrawal of a 20% surcharge that had been included in June; seasonal prices rose 4.5% on higher vegetables, tourist packages and lodging services, and regulated prices 2.1% on public transport, prepaid health plans and electricity. Housing, water, electricity, gas and other fuels rose 2.2% on the month. The division with the largest monthly increase was recreation and culture at 5.0%, followed by restaurants and hotels at 2.8%, while the two smallest nationally were clothing and footwear (−1.3%) and alcoholic beverages and tobacco (1.5%).

INDEC (Argentina)
High priority

US consumer prices rise 0.1% in July with shelter accounting for two-thirds of the increase, and annual inflation eases to 3.4%

The Bureau of Labor Statistics reported on Wednesday, August 12, 2026 that the Consumer Price Index for All Urban Consumers increased 0.1% on a seasonally adjusted basis in July after falling 0.4% in June, and that over the last 12 months the all items index increased 3.4% before seasonal adjustment, following a 3.5% rise for the 12 months ending June. The index for shelter rose 0.1% in July, as it did in June, accounting for roughly two-thirds of the monthly all items increase, and is up 3.2% over the last year. Owners' equivalent rent rose 0.3% in July as did the index for rent, while the lodging away from home index fell 2.8% over the month. All items less food and energy rose 0.2% after being unchanged in June, and 2.5% over the year against 2.6% for the 12 months ending June; the energy index declined 1.5% in July but is up 14.7% for the 12 months ending July.

US Bureau of Labor Statistics

Chile's consumer prices rise 0.1% in July, leaving twelve-month inflation at 3.5%

Chile's Instituto Nacional de Estadísticas reported on August 7, 2026 that the consumer price index recorded a monthly variation of 0.1% in July, accumulating 2.9% in the year and 3.5% over twelve months. Ten of the 13 divisions that make up the CPI basket contributed positive incidences to the monthly change, two registered negative incidences and one had none. Among the divisions whose prices rose, food and non-alcoholic beverages (0.7%) added 0.153 percentage points and housing and basic services (0.7%) added 0.120 points, with the remaining divisions that pushed the index up contributing 0.309 points combined. Among those with monthly declines, transport (−3.5%) stood out with an incidence of −0.472 percentage points. Over twelve months, housing and basic services are up 3.4% and food and non-alcoholic beverages 4.0%.

Instituto Nacional de Estadísticas (Chile)
High priority

US payrolls fall 23,000 in July and May–June are revised down a combined 103,000, with unemployment at 4.1%

The Bureau of Labor Statistics reported on Friday, August 7, 2026 that total nonfarm payroll employment changed little in July at −23,000, following an average monthly gain of 34,000 over the prior 12 months. The unemployment rate, at 4.1%, and the number of unemployed people, at 6.9 million, also changed little. Employment in local government education declined by 50,000 and retail trade lost 19,000 jobs, while health care continued its upward trend at +22,000; financial activities continued to trend down (−14,000) and is off 121,000 since a recent peak in May 2025. Average hourly earnings for all employees on private nonfarm payrolls, at $37.62, were little changed on the month and have increased 3.2% over the year. May was revised down by 66,000 to +63,000 and June by 37,000 to +20,000, leaving the two months a combined 103,000 lower than previously reported.

US Bureau of Labor Statistics
High priority

Banxico holds its policy rate at 6.50% by unanimous vote and says it expects to keep it there

The Governing Board of Banco de México decided on August 6, 2026 to keep the target for the overnight interbank interest rate at 6.50%, with all of its members present and by unanimous vote. Between the first half of June and the first half of July, headline inflation fell from 3.55% to 3.10% and core inflation from 4.12% to 3.95%. The Board still expects headline and core inflation to decline across the forecast horizon, though more gradually than previously anticipated, with headline converging to the 3% target in the fourth quarter of 2027, and it judges the balance of risks to inflation to remain tilted to the upside. Looking ahead, the Board considers it will be appropriate to hold the reference rate at its current level. It noted that the Federal Reserve left the federal funds target range unchanged at its July meeting, that the Mexican peso appreciated since the last decision, and that the Mexican economy rebounded in the second quarter after contracting in the first.

Banco de México
High priority

Freddie Mac's 30-year fixed rises to 6.69% while the 15-year eases to 6.01%

The Freddie Mac Primary Mortgage Market Survey put the 30-year fixed-rate mortgage at 6.69% as of August 6, 2026, up from 6.66% the week before; a year ago at this time the 30-year FRM averaged 6.63%. The 15-year fixed-rate mortgage averaged 6.01%, down from 6.04% last week and against 5.75% a year earlier. Freddie Mac's accompanying note said that while mortgage rates continue to influence affordability, the housing market is showing signs of adjustment, with listing prices modestly below year-ago levels and for-sale inventory improving from the limited supply seen in recent years. This is the figure every Fundamento tool plans around.

Freddie Mac PMMS
High priority

Brazil's Copom lowers the Selic target to 14.00%, a fourth consecutive quarter-point cut

At its 280th meeting on August 5, 2026 the Copom set the Selic target rate at 14.00%, effective August 6, according to the Banco Central do Brasil's published history of policy rates. It is the fourth consecutive 25-basis-point reduction: the target had stood at 15.00% since the June 2025 meeting and was held there through January 2026, then moved to 14.75% on March 18, 14.50% on April 29 and 14.25% on June 17. Brazil's policy rate sets the local cost of capital for development and mortgage lending, and anchors what cross-border investors underwrite in the region.

Banco Central do Brasil

US advertised apartment rents rise $4 to $1,771 in July — the largest July gain since 2015 outside the post-pandemic boom

Yardi Matrix reported on August 5, 2026 that the average US advertised rent rose $4 to $1,771 in July 2026, the largest July increase since 2015 outside the exceptional post-pandemic boom years. The 1.3% year-to-date increase in advertised rates over the past five months exceeded the performance in the same period last year, which Yardi Matrix analysts said suggests demand remains healthy despite elevated supply. The firm cautioned that the broader picture remains subdued, with year-over-year rent growth still weak amid a record number of apartment deliveries, and that rising inflation and gasoline prices could delay the recovery in occupancy and keep rent growth modest in the near term.

Yardi Matrix
High priority

Chile's central bank holds its policy rate at 4.5% by unanimous vote as June inflation runs at 4.3%

At its monetary policy meeting on July 28, 2026, the Board of the Central Bank of Chile decided to hold the monetary policy interest rate at 4.5%, a decision adopted by the unanimous vote of its members. The Board reported headline CPI inflation of 4.3% annually in June, somewhat above the estimates in its latest Monetary Policy Report and above market expectations, with the difference explained by a higher-than-expected rise in core inflation, which posted 3.4% annually in the same month. Over a two-year horizon, the inflation rate expected in both the Economic Expectations Survey and the Financial Traders Survey stands at 3%. The Board flagged continued international uncertainty tied to the escalation of the conflict between the United States and Iran following a June ceasefire, which pushed oil prices higher, and said the future path of the policy rate will be assessed on a meeting-by-meeting basis based on how events unfold. Chile's policy rate sets the local cost of capital for development and mortgage lending, and anchors what cross-border investors underwrite in the region.

Banco Central de Chile

US consumer confidence slips to 90.8 in July as views of current conditions fall for a third straight month

The Conference Board reported on July 28, 2026 that its Consumer Confidence Index fell 1.4 points to 90.8 (1985=100) in July, down from an upwardly revised 92.2 in June. The Present Situation Index, based on consumers' assessment of current business and labor-market conditions, fell 3.6 points to 114.9 — its third consecutive monthly decline — while the Expectations Index, based on the short-term outlook for income, business and labor-market conditions, was unchanged at 74.7. Homebuying expectations continued their upward trend on a six-month moving-average basis, and consumers' average and median twelve-month inflation expectations were less elevated in July. "Consumer confidence moderated slightly in July, continuing a general downward sloping trajectory since late 2021," said Dana M. Peterson, chief economist at The Conference Board. The preliminary results reflect responses received through July 22.

The Conference Board

Case-Shiller's national home-price index gains 1.1% over the year in May — a 12th straight month of home values falling in real terms

The S&P Cotality Case-Shiller U.S. National Home Price NSA Index posted a 1.1% annual gain for May 2026, up from a 0.9% rise the previous month, in data released July 28, 2026. The 10-City Composite rose 2.4% over the year, up from 1.8%, and the 20-City Composite rose 1.6%, up from 1.2%. Before seasonal adjustment the 10-City and 20-City Composites each gained 0.9% on the month and the National Index gained 0.6%; after seasonal adjustment the National Index fell 0.05% while the 10-City and 20-City posted gains of 0.3% and 0.1%. Chicago reported the highest annual gain among the 20 cities at 6.9% and Las Vegas the lowest, falling 1.9%. The release notes that for the 12th consecutive month US home values fell in real terms, as May's 4.2% inflation ran roughly 3 percentage points above the 1.1% home-price gain, and that no valid May 2026 update of the Detroit index was provided for this release because of transaction-recording delays in Wayne County.

S&P Cotality Case-Shiller

FHFA's house-price index rises 0.3% in May and 2.2% over the year, while Pacific-division prices sit 0.3% below a year ago

The Federal Housing Finance Agency reported on July 28, 2026 that US house prices rose 0.3% in May from the prior month on its seasonally adjusted monthly House Price Index, and 2.2% from May 2025 to May 2026. The previously reported 0.1% price decline in April was left unchanged. Across the nine census divisions, seasonally adjusted monthly changes ranged from −0.6% in the Pacific division to +1.4% in the East South Central division, and 12-month changes ranged from −0.3% in the Pacific division to +4.5% in the Middle Atlantic. The FHFA reading lands the same day as the S&P Cotality Case-Shiller national index, which put annual home-price growth at 1.1% for the same month — the two indices measure different transaction sets and regularly diverge.

FHFA

Sun Communities' manufactured-housing portfolio grows same-property NOI 8.8% in Q2 while its RV segment slips 0.7%

Sun Communities, the REIT that owns manufactured-housing and RV communities, reported second-quarter 2026 results on July 27, 2026. Same-property NOI across the combined portfolio grew 6.0% for the quarter, driven by 8.8% growth in manufactured housing while the RV segment declined 0.7%; across the first six months the two ran at 7.5% and 2.0% respectively, for 6.1% combined. Core FFO was $1.84 per share and net income from continuing operations $0.32 per diluted share, against a net loss of $8.08 per diluted share once discontinued operations are included. Same-property adjusted blended occupancy for MH and RV was 98.8%, down 10 basis points from a year earlier. The company raised its 2026 same-property NOI growth guidance by 20 basis points to 4.5%–5.3%, guided to full-year Core FFO of $6.94 to $7.10 per share, and declared a quarterly distribution of $1.12 per common share. It closed June with $4.1 billion of total debt at a 3.3% weighted average interest rate and net debt at 3.9x trailing-twelve-month recurring EBITDA.

Sun Communities

Mexico's June trade surplus widens to $4.09 billion as exports jump 34.4% over the year and non-oil shipments to the US rise 35.8%

Mexico's statistics agency INEGI reported on July 27, 2026 that preliminary June trade figures showed a merchandise trade surplus of $4,090 million, against $2,259 million in May. Total exports were $72,551 million, 34.4% above June 2025, while imports were $68,461 million, up 28.0%. Manufacturing exports reached $67,219 million, a 35.3% annual increase, split between automotive exports up 7.6% and non-automotive manufacturing up 48.8%. Within non-oil exports, those directed to the United States rose 35.8% over the year and those to the rest of the world 25.0%. For the first six months of 2026 the trade balance ran a $9,857 million surplus, against $1,433 million in the same period of 2025. Export manufacturing is the demand base under Mexico's industrial and logistics property markets; INEGI publishes the next reading on August 27, 2026.

INEGI

Welltower's seniors-housing portfolio delivers 20.5% same-store NOI growth in Q2, and the board raises the dividend 15%

Welltower, the healthcare REIT whose portfolio is anchored in seniors housing, reported second-quarter 2026 results on July 27, 2026 with net income attributable to common stockholders of $0.61 per diluted share and normalized funds from operations of $1.60 per diluted share, a 25.0% increase over the prior year. Total portfolio same-store NOI grew 15.5% year over year, driven by 20.5% growth in the Seniors Housing Operating portfolio, where organic same-store revenue rose 9.2% on 330 basis points of average occupancy growth and 5.2% growth in revenue per occupied room. The company raised its full-year normalized FFO guidance to $6.36–$6.44 per diluted share from $6.21–$6.35 and now expects blended same-store NOI growth of 13.75% to 16.00%, with seniors housing operating at roughly 18.5% to 21.5%. The board declared a 15% increase in the quarterly dividend to $0.85 per share, and the company reported net debt to adjusted EBITDA of 2.99x with about $9.5 billion of available liquidity.

Welltower

New-home sales rise 1.6% in June to a 628,000 annual rate but remain 5.6% below a year ago as the median price slips to $398,300

The U.S. Census Bureau and HUD reported on July 24, 2026 that sales of new single-family houses ran at a seasonally adjusted annual rate of 628,000 in June — 1.6% above May's 618,000 pace but 5.6% below the 665,000 rate of June 2025. The seasonally adjusted inventory of new homes for sale was 485,000, a 9.3-month supply at the current sales rate, down from 9.4 months in May but above the 9.0 months of a year earlier. The median sales price of a new home was $398,300 — down 3.3% from May's $412,000 and 2.7% below the $409,200 of June 2025 — while the average price was $475,400. Because new-home sales are recorded when the contract is signed rather than at closing, they are among the timeliest reads on how mortgage rates near a one-year high are shaping buyer demand.

U.S. Census Bureau

Digital Realty posts $1.9 billion of quarterly revenue, up 29% from a year ago, and raises its 2026 outlook as data-center bookings build a record backlog

Digital Realty reported second-quarter 2026 results on July 23, 2026 with total revenues of $1.9 billion, a 29% increase from the same quarter last year and 18% above the previous quarter. Core FFO was $2.65 per share, against $1.87 a year earlier, or $2.13 per share excluding net promote income; net income was $1.21 per diluted share, down from $2.94. Bookings signed during the quarter are expected to generate $307 million of annualized GAAP base rent at 100% share — $208 million at Digital Realty's share — and renewal leases repriced 25.4% higher on a cash basis and 32.0% higher on a GAAP basis. The company ended the quarter with a record total backlog of $1.9 billion of annualized GAAP base rent at 100% share ($1.4 billion at its share), signed two further hyperscale leases in July worth $410 million at 100% share ($205 million at its share), and raised its 2026 Core FFO per share outlook excluding net promote to $8.15–$8.20.

Digital Realty