Economy Watch

  • Economy Watch: Consumers Still Fairly Optimistic

    Favorable income gains and low inflation contributed to consumers expressing more optimism about the U.S. economy and their wage expectations in May, according to the University of Michigan's latest Consumer Sentiment Index.

    News 16 May 2017 13:42
  • Economy Watch: Inflation Edges Up in April

    The Consumer Price Index increased 0.2 percent for the month, according to the Bureau of Labor Statistics. While it's not the only metric the Federal Open Market Committee considers, the increase could increase the odds that interest rates will rise next month.

    News 15 May 2017 13:43
  • Economy Watch: Banks Tighten CRE Lending in Q1

    Banks cited a less favorable or more uncertain outlook for CRE property prices, vacancy rates or other fundamentals, as well as reduced risk tolerance as important reasons for tightening CRE credit policies in the first few months of 2017, according to the Federal Reserve's latest Senior Loan Office Opinion Survey.

    News 11 May 2017 14:13
  • Boston Fed President Airs Concerns About Risks to CRE

    Speaking at a recent NYU Stern School of Business conference, Boston Fed President Eric Rosengren pointed to some currently favorable trends for multifamily, but stressed the importance of evaluating how a potential recession could affect the financial system.

    News 10 May 2017 13:12
  • Economy Watch: Construction Industry Loses Momentum in April

    Despite April's decline, the Dodge Momentum Index remains largely up, according to Dodge Data & Analytics. This suggests that construction activity still has room to grow in 2017.

    News 09 May 2017 14:24
  • Economy Watch: Top Rental Markets Still Seeing Price Increases

    Despite talks of a pricing slowdown, the most expensive rental markets in the U.S. saw price increases in April, according to Zumper's latest report. San Francisco and New York City remain the top two rental markets in the country.

    News 08 May 2017 14:09
  • Economy Watch: Economy Gains 211K Jobs in April

    This month's job growth was a nice change from the mere 79,000 jobs created in March, according to the Bureau of Labor Statistics. The headline unemployment rate also dropped to 4.4 percent in April, reflecting the continual tightening of the labor market.

    News 05 May 2017 14:20
  • Economy Watch: Construction Employment, Costs Pushing Upward

    The March construction unemployment rate was the lowest on record, matching the 8.4 percent rate in March 2001, according to Markstein Advisors Chief Economist Bernard Markstein, who conducted the analysis for Associated Builders and Contractors.

    News 04 May 2017 13:28
  • Economy Watch: Construction Spending Edges Down in March

    While spending on construction projects declined for the month, the figure is above the March 2016 rate. Single-family and multifamily spending actually enjoyed an uptick for the month.

    News 02 May 2017 13:41
  • Economy Watch: US Economy Turns in Sluggish First Quarter

    While U.S. real GDP increased only 0.7 percent in the first quarter of 2017, residential investment had a good showing with an increase of 13.7 percent for the quarter.

    News 01 May 2017 19:45
  • Economy Watch: Commercial Property Valuations Gain in April

    The commercial real estate industry saw its strongest price growth since the election, with the apartment sector continuing its run of success in April, according to Ten-X's latest Commercial Real Estate Nowcast.

    News 28 April 2017 13:33
  • Economy Watch: Worker Shortage Puts Clamp on Construction Hiring

    Only 17 states added construction jobs in March, according to a recent Associated General Contractors of America analysis. While contractors in most states remain busy, they worry about being able to find enough workers to complete projects in the future.

    News 26 April 2017 13:22
  • Economy Watch: Architects Busier in March, to be More Active 2018

    Architecture firm billings increased in March, according to the AIA's latest Architecture Billings Index, indicating that design and construction activity should pick up later this year and in 2018.

    News 24 April 2017 13:02
  • Economy Watch: Multifamily Markets Softening

    All four indexes of the NMHC's quarterly survey were below the breakeven level of 50, indicating that U.S. apartment market conditions are softening despite continued strong demand. New supply is finally catching up, and there seems to be more caution among buyers and lenders, noted NMHC Chief Economist Mark Obrinsky.

    News 21 April 2017 13:56
  • Economy Watch: Beige Book Reveals Trends Benefitting CRE

    All 12 of the Federal Reserve Districts reported increased economic activity in the latest Beige Book. The Districts' residential rental markets had mixed results, with New York City seeing flat rents but decreasing vacancy rates.

    News 20 April 2017 13:29