Economy Watch
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Economy Watch: Rents Rising in More Than Half of US
Twenty-six states and Washington, D.C., saw rental increases during the first six months of 2017, according to a recent ABODO report. The largest average increases occured in South Carolina, Maine, Vermont and Rhode Island.
News 12 July 2017 12:54 -
Economy Watch: Economy Creates 220K Jobs in June
Job growth in June exceeded the average of 194,000 jobs created over the past three months, according to the Bureau of Labor Statistics latest jobs report. The April and May job numbers were also revised up.
News 07 July 2017 14:05 -
Economy Watch: Best States to Start a Business
A recent WalletHub study revealed the best and worst states for business formation, which impacts demand for office space and other commercial real estate activity.
News 06 July 2017 13:13 -
Economy Watch: Construction Spending Flat in May
Residential construction was up 0.5 percent and non-residential construction was down 0.3 percent, leading total construction to remain flat for the month, according to the U.S. Census Bureau. Compared to May 2016, however, all major nonresidential construction categories enjoyed increased spending.
News 05 July 2017 13:35 -
Economy Watch: More Americans Traveling for July 4 Than Ever
The hospitality sector and, to a lesser extent, the retail sector are set to benefit from record 44.2 million Americans expected to travel during the 2017 Independence Day holiday period, according to an AAA forecast.
News 03 July 2017 13:39 -
Economy Watch: U.S. GDP Edges Up in Q1
A 1.4 percent increase in U.S. real GDP for the first quarter of the year was down from the growth seen in the fourth quarter of 2016, according to the Bureau of Economic Analysis. But consumers remain confident about the state of the U.S. economy.
News 29 June 2017 14:30 -
Construction Industry Backlog Up
The amount of construction work under contract but not yet completed rose to nine months, according to the Associated Builders and Contractors latest Construction Backlog Indicator, implying expanding demand for construction services, or a shortage of construction labor in a few markets.
News 27 June 2017 13:12 -
Economy Watch: U.S. Population Still Graying
The median age of the U.S. population rose from 35.3 years in April 2000 to 37.9 years in July 2016, according to new Census Bureau population estimates. A shift that will affect demand for retail and residential real estate.
News 26 June 2017 13:01 -
Economy Watch: Architects Report a Good Month in May
The American Institute of Architects' Architecture Billings Index posted its fourth consecutive month of growth, suggesting that both the architecture and construction sectors will remain healthy for the foreseeable future.
News 22 June 2017 13:36 -
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.
News 21 June 2017 13:25 -
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.
Senior Housing 20 June 2017 14:18 -
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.
News 15 June 2017 14:55 -
Economy Watch: Retail Sales Dip in May
By Dees Stribling Image courtesy of Flickr Creative Commons user southareapictures. U.S. retail and food service sales dropped 0.3 percent in May compared with April, the Census Bureau reported on Wednesday. That’s the weakest monthly report for retail sales in more than a year and a half. Compared with the same month
Economy Watch 14 June 2017 15:55 -
Economy Watch: Closings Loom for Fashion Retailer
More than 250 stores will close by 2019 and another 400 closings could follow unless landlords grant rent relief, says the owner of such fashion brands as Ann Taylor, Dressbarn and Maurices.
News 13 June 2017 15:17 -
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.
News 12 June 2017 13:52