National
Economy Watch: World Economic Forum Cites Income Disparity as Top Risk
The World Economic Forum, best known for its annual meeting of the world’s economic panjandrums – which begins on Wednesday at Davos, Switzerland – also generates reports, the latest of which was released in time for the high-level conference: “Global Risks 2014.” The report analyses 31 global risks grouped under five categories – economic, environmental, geopolitical, societal, and technological – and measured in terms of their likelihood and potential impact.
‘Economy Watch’ Podcast with Dees Stribling: Better U.S., World Growth is Predicted for 2014
MHN’s economic analyst, Dees Stribling, gives his update for the week ending Jan. 17.
Economy Watch: Consumers a Bit More Grumpy in January
The Reuter’s/University of Michigan’s consumer sentiment index came in at 80.4 at mid-month January, which was a drop of 2.1 points from the end of December, though still an improvement from 75.1 at the end of November and 72.0 at mid-month November.
Humphrey’s & Partners Sees a Strong Pipeline, Increase in High-Rise Projects
In spite of all the recent construction activity, the apartment market is still supply constrained and should post another year of strong fundamentals, according to panelists on the ‘2014 Kick-Off Webinar for Apartment Development’ hosted by Humphreys & Partners Architects.
Economy Watch: Housing Starts Drop in December, Gain for ’13
The Census Bureau reported on Friday that U.S. housing starts were at an annualized rate of 999,000 units, a drop of 9.8 percent from the November rate, which was 1.107 million units.
Economy Watch: Building Confidence Ticks Down
Homebuilders are still fairly confident about their industry, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index.
TODAY’S DEALS: Queens Apartment Commands $47.3M
TIAA-CREF sells an Astoria apartment asset; Pathfinder Partners acquires an 18-unit condo in Denver; and CMC arranges a pair of multifamily loans.
Economy Watch: Beige Book Strikes More Optimistic Tone
The Fed’s Beige Book paints a positive picture for most districts and the World Bank remains hopeful for continued economic growth.
TODAY’S DEALS: Azure Partners Buys Newark Towers
HFF brokers a high-rise sale in Newark; Venture West Funding refinances six California apartment buildings; and NorthMarq Capital arranges a $10.7 million Freddie Mac refinancing.
Economy Watch: Federal Government Records Surplus in December
The U.S. Department of Treasury reports the first December surplus ($53.2 billion) since 2007, while the ICSC presents a 3.4 percent gain in chain-store comparable sales for December year-over-year.