Will the Fed really hike rates 3 times in 2026, per Bank of America?

First, let me address the main question: Does Bank of America’s new forecast of three rate hikes before the end of the year make sense? The short answer is: No. Three Fed rate hikes in 2026 doesn’t make sense, nor has the marketplace priced in three rate hikes in such a short amount of time.  So, what gives? Why did Bank of America say this? Let’s break this down. Fortune reported: “In a...

Global AI Demand Drives Data Center Crunch, Construction Boom

Data Center Vacancy Rates Sink to Record Lows in 2026 The global race to build artificial intelligence infrastructure is rapidly outstripping the world's ability to deliver new data center capacity, tightening markets from Northern Virginia to Singapore and driving vacancy rates toward historic lows despite an unprecedented construction boom. Global data center inventory expanded 25% over the past year to...

Keys to the housing market for the rest of 2026

As we gear up for the second half of 2026, what are the key things we should be watching for? With the first six months being a dramatic version of the show 24, we can hope for a calmer second half of 2026 now that the conflict with Iran is hopefully ending.  Housing has outperformed some people’s expectations this year, as rising mortgage rates haven’t had the negative impact they did in previous...

What a 50-year-old letter says about accountability in homebuilding

Exactly 50 years ago this time of year, a 51-year-old man handwrote a four-page letter on a legal pad to his then 21-year-old son, one of seven children – six of them sons and one angel of a daughter – who was spending a semester studying in Dublin, Ireland. The letter’s narrative arc, now mostly a lost art, began by directly addressing the gift of the moment to both the writer and the...

Four rules for underwriting secondary Texas markets in a slower cycle

For the better part of a decade, the Texas growth playbook was remarkably simple. If you wanted scale, liquidity and appreciation, you went to the Texas Triangle: Austin, Dallas–Fort Worth, Houston, and San Antonio and tried to be early to the next ring of rooftops. Those four metros captured the lion’s share of population and job growth, with national capital following. That script is...

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