Economy Watch: Apartment Supply Not Keeping Up with Demand in Most Markets
Out of the nation’s 50 largest metros, only 10 have enough new housing supply to keep pace with job growth, according to a new report from Apartment List, indicating that a lack of new construction is contributing to the affordability crisis in many parts of the country.
Economy Watch: China Named Top Buyer, Seller of US CRE
One-fifth of realtors that participated in the National Association of Realtors latest survey on foreign investment in U.S. commercial real estate said they had closed a sale with an international client in 2016. They also expect increased sales and leasing activity involving foreign investors this year.
Economy Watch: Demand For Skilled Nursing Facilities Edges Up in Q1
The percentage of Medicare patients among the overall mix of patients is also increasing, according to the National Investment Center for Seniors Housing & Care, reflecting the growing important of Medicare within the skilled nursing sector.
Economy Watch: Fed Sure of Economy, Raises Rates, Promises Asset Sell-Off
The Federal Reserve unanimously decided to raise rates for the second time in 2017, signaling its belief that the U.S. economy is strong enough to handle more expensive financing.
Economy Watch: Washington State Has Healthiest Economy
A recent WalletHub report ranked the 50 states based on economic health, which affects commercial property growth. Washington state took the top spot, followed by California, Utah and Massachusetts.
Economy Watch: Chicago Fed National Activity Index Points to Economic Growth
U.S. manufacturing and other production-related indicators contributed to the CFNAI increase in April, according to the Chicago Fed, indicating that the economy is still in growth mode.
Economy Watch: State Unemployment Rates Reach New Lows
Jobless rates were lower in April than in March in 10 states, stable in 39 states and D.C., and higher in only one state, according to the Bureau of Labor Statistics. Colorado’s unemployment rate of 2.3 percent is the lowest rate since the BLS began reporting these numbers in 1976.
Now Open: 2017 Top Property Managers Survey
Don’t miss out on the chance to participate in the CPE-MHN 2017 Top Property Managers Survey! The resulting ranking of the firms with the best-managed portfolios will be featured in our special CPE-MHN July/August 2017 print issue and prominently featured on our sites.
Gensler-Designed MOTO Wins Wood Design Award
The mixed-use boutique apartment community in Denver’s Capitol Hill neighborhood was built with wood elements that made for a speedy construction and aesthetic appeal.
Hunt Mortgage Expands Buffalo Team
The company opened a new production office in upstate New York, bringing on Zach Casale to oversee local operations.