Economy Watch
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Economy Watch: Investment in Non-Residential Structures Gains in Q2
By D.C. Stribling, Contributing Editor Investment in non-residential U.S. structures increased at a 5.2 percent annualized pace during the second quarter of 2017, the Bureau of Economic Analysis reported on Monday. That’s a marked change from early last year, when the pace of non-residential investment was dragged down due to a
News 08 August 2017 13:19 -
Overlooked Midwestern Markets Show Solid Employment Growth
While popular urban markets on the East and West coasts are seeing more apartment units created than jobs, Midwestern metros like Indianapolis, Des Moines and the Twin Cities are experiencing significant job growth and a dearth of multifamily housing to support it.
Research Center 02 August 2017 19:55 -
Economy Watch: Construction Spending Edges Down in June
Private and public spending both decreased in June, with all property types seeing a decline aside from office construction, according to the U.S. Census Bureau's latest report.
News 02 August 2017 13:56 -
Economy Watch: Americans Still Optimistic About State of the Economy
The University of Michigan's Consumer Sentiment Index declined slightly in July, but this decrease was offset by favorable views about current economic conditions, which reached their highest level since July 2005.
News 31 July 2017 13:04 -
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.
News 28 July 2017 13:04 -
Economy Watch: Fed Holds Off on Rate Hike
The Federal Open Market Committee did not increase the cost of borrowing at its latest meeting, citing positive expectations about the labor market, including solid job growth and a declining unemployment rate.
News 27 July 2017 13:14 -
Economy Watch: Virginia Beach, Seattle, Pittsburgh Ranked Top Places to Live
Cities with economic opportunity, easy access to entertainment and dining options, and higher affordability topped Wallethub's list of the most livable cities in the U.S. Livability helps drive real estate absorption and development in those markets.
News 26 July 2017 13:37 -
Economy Watch: State Unemployment Rates Mostly Flat in June
Thirty-eight states and D.C. had stable unemployment rates for the month, while 10 states saw decreases and two states saw increases, according to the latest Bureau of Labor Statistics report.
News 24 July 2017 12:59 -
Economy Watch: Architecture Billings Start Summer Off Strong
June marks the fifth consecutive month of design revenue growth for architecture firms, according to the American Institute of Architects' latest Architecture Billings index.
News 20 July 2017 15:38 -
Economy Watch: Consumers More Jittery About the Future
Confidence in future U.S. economic prospects continued to decline in July, according to the University of Michigan's latest consumer confidence survey.
News 19 July 2017 12:57 -
Economy Watch: Fed’s Beige Book Sees Continued U.S. Economic Growth
Consumer spending appears to be rising across a majority of districts, led by increases in non-auto retail sales and tourism, which bodes well for retailers and hotels.
News 13 July 2017 13:28 -
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