Economy Watch: Consumers Feeling a Little Better in Early November
Consumers are feeling a little better about the U.S. economy, or at least they were before the election.
Yardi Matrix: Austin’s Fundamental Growth
Austin continues to be one of the rapidly growing metros in the U.S. Its economy is experiencing healthy gains, with employment and population growth well above national averages.
Economy Watch: Rents Put the Squeeze on Florida, California Renter
Another post-election moment: Standard & Poor’s affirmed on Thursday the credit rating of the United States as AA+ with a stable outlook.
Economy Watch: Planning Nonresidential Building Projects Stronger in October
In its wake, the election has generated reams of speculation about the future of the economy, but for now the panic was short-lived.
Matrix Monthly: October Rents Moderate
October’s rent growth numbers marked the biggest drop in three years, but a new report from Yardi Matrix states that the recent deceleration is no cause for concern.
Economy Watch: Economy Creates Middling Number of Jobs in October
Total U.S. payroll employment rose by 161,000 in October.
Economy Watch: No Interest Rate Hike (No Surprise)
The Federal Open Market Committee didn’t raise interest rates at its meeting
Market Pulse for November 2016
Market Pulse section compiled by Suzann Silverman. To comment, email ssilverman@cpexecutive.com. Multifamily Starts: Housing starts of buildings with five or more units fell by 6.9 percent over the month of August 2016 to a seasonally adjusted annual rate of 403,000. Despite the monthly decrease, the number of starts of buildings with five or more units eclipsed 400,000 for the third consecutive month. Year-to-date, the average number of starts per month of buildings with five or more units is 382,000. Over the same period in 2015, encompassing the months of January through August, starts of buildings with five or more units…
Top 10 Multifamily Sales Third Quarter: New York City
Recorded in Third Quarter 2016; more details featured in the Research Center
Economy Watch: Multifamily Emerges as One of Strongest Asset Classes
ULI and PwC rated multifamily as the second best opportunity for investment and development going into 2017.