Economy Watch
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Economy Watch: Economic Damage of Irma Could Hit $40B
AIR Worldwide estimates the damage caused by Hurricane Irma could be between $15 billion and $50 billion, but a great deal of uncertainty remains.
News 11 September 2017 13:21 -
Economy Watch: Residential, Commercial Activity Up a Bit, Says Beige Book
Construction activity picked up slightly in the residential and commercial real estate industries across the 12 Federal Reserve Districts, the latest Beige Book reported.
News 07 September 2017 12:48 -
Economy Watch: Apartment Rents Stabilize in Summer
The national median rent increased in September to its highest point of 2017, hitting $1,018, according to a recent ABODO report. However, the increase is only up a bit from January, when the median was $1,016.
News 06 September 2017 13:33 -
Economy Watch Weekly: Middling Month for Job Creation
The number of jobs created in August was below this year's average monthly gain, the Bureau of Labor Statistics reported. The month's report did not include Hurricane Harvey's impact on employment. Economy Editor Dees Stribling discusses the full report, for the week ending Sept 1., 2017.
Podcast 05 September 2017 14:13 -
Economy Watch: Large Banks Grow CRE Lending Faster Than Smaller Ones
In the second quarter, large banks increased their CRE loan portfolios by 2.56 percent, while medium-sized and community banks had more modest increases, according to a recent Trepp report.
Research Center 05 September 2017 14:00 -
Economy Watch: Economy Creates 156K Jobs in August
Job growth was not as impressive in August as in previous months, but some sectors affecting the real estate industry saw job gains, according to the Bureau of Labor Statistics latest jobs report.
News 01 September 2017 14:36 -
Economy Watch: Most Metros Enjoy Low Unemployment
Of the 388 U.S. metro areas, 340 had unemployment rates that were lower in July than a year earlier, according to a recent Bureau of Labor Statistics report.
News 31 August 2017 13:51 -
Economy Watch: Seattle, Denver Among Best Cities for Residential Investors
WalletHub determined the top markets based on their prospects for long-term growth, equity and profit for investors. The firm also compared the health of each market's real estate sector, including affordability and the economic environment.
News 29 August 2017 13:27 -
Economy Watch: Architects Keep Busy for Sixth Straight Month
Increases in design billings across all major regions and construction sectors signal future growth in design and construction activity in the coming months, according to the American Institute of Architects' latest Architecture Billings Index report.
News 24 August 2017 14:17 -
Economy Watch: Cost of Rent a Challenge Across Generations
Of the Millennials and Baby Boomers who rent, 46.5 percent and 49 percent, respectively, spend more than 30 percent of their income on housing costs, according to a new report by ABODO.
News 22 August 2017 15:36 -
Economy Watch: Consumers Feeling Good This Summer
The University of Michigan's latest sentiment survey reveals that consumer confidence in August reached its highest level since January, indicating a positive overall outlook for the U.S. economy.
News 21 August 2017 14:35 -
Economy Watch: Multifamily Starts Dip in July
New projects got underway at an annualized rate of 287,000 units, only the second time in the past 12 months that the pace has fallen below 300,000 units.
News 17 August 2017 16:15 -
Economy Watch: The Least Expensive Apartment Markets
When comparing rent to income, the Southeast and Southwest regions of the U.S. tend to house the most affordable U.S. apartment markets, according to a new CBRE Research report.
News 11 August 2017 12:45 -
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 -
Economy Watch: Economy Adds 209K Jobs in July
July was a fairly good month for job growth, with employment increasing in food services and drinking places, professional and business services, and health care, all of which spur commercial space absorption, according to the Bureau of Labor Statistics.
News 04 August 2017 13:27