PODCAST: Economy Watch Weekly with Dees Stribling
For the week ending July 29, while Congress continued to dither over the debt crisis, equity markets acted nervous and bond markets showed a steady hand; U.S. GDP projections have been revised downward; and the housing market at least isn’t sinking.
Economy Watch: Congress Continues to Spin Its Wheels
Congress doesn’t seem to be getting anywhere on the debt ceiling mess; foreclosures were down in the first half of the year, though perhaps due to blockage in the pipeline; and pending home sales were up in June.
Salaries for Most New Jobs Insufficient to Pay Rent
Washington, D.C.–A report by the Center for Housing Policy shows that, although some employers are hiring, those who land jobs will struggle to pay for housing with their new salary.
Holmes Named COO of Madison Apartment Group
Philadelphia– Private equity fund managers BPG Properties has appointed Dean Holmes as chief operating officer of Madison Apartment Group, the firm’s multifamily operating arm.
WEB FEATURE: Biometrics: The Future of Multifamily Security Technology
Biometrics are already being implemented into multi-housing communities, replacing old security with technology that can identify residents by the way they look, talk and walk.
Silverman Joins Perkins Eastman as Principal
Washington, D.C.–Sandy Silverman, AIA, has joined design and architecture firm Perkins Eastman as a principal.
Economy Watch: Case-Shiller’s Slender Good News: Home Prices Didn’t Go Down in May
The latest S&P/Case-Shiller index shows property values mostly holding steady; consumers are slightly less grumpy than last month; and U.S. investors hold their breath about the debt ceiling.
Western National Promotes Two Property Management VPs
Orange County, Calif.–Western National Property Management, the multifamily property management division of Western National Group, has promoted Julie Manthey and Nick Alicastro to vice president roles.
AMCAL to Debut First LEED Silver Affordable Housing Project
Panorama City, Calif.–AMCAL Multi-Housing Inc. is taking its commitment to a new level with the Los Angeles-area Montecito Terraces senior workforce housing project.
Economy Watch: More Debt-Ceiling Drama
The House and Senate are drafting two wildly different bills for raising the debt ceiling, and Obama addresses the nation on Congress’ stalemate. And the Chicago Fed’s index shows increased economic activity.