Economy Watch: Construction Employment Increases Despite Weak Job Numbers in May
The construction industry in most parts of the country is still growing.
Economy Watch: Beige Book Reports Expanding Construction and Real Estate Activity
The Federal Reserve published its compendium of anecdotal information about the condition of the economy.
May the Rent Growth Be with You
Yardi Matrix’s latest monthly report reveals persistent rent growth on the heels of the U.S. economy’s 74th consecutive month of employment increases.
Economy Watch: Fast-Casual Restaurants Will Lead Retail Growth
Led by franchise and fast-casual restaurant chains, North American retail growth into 2017 will be overwhelmingly driven by discount.
Spring Outlook for Multifamily is ‘More of the Same,’ Says Yardi Matrix
Yardi Matrix’s newest report forecasts a slight slowdown in rent growth despite continually strong demographic fundamentals.
Economy Watch: Uptick Ahead for the Economy?
Is there an improvement on the horizon for the U.S. economy?
Market Pulse for June 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 have oscillated in recent months. In March 2016, starts of buildings with five or more units fell by 8.5 percent to a seasonally adjusted annual rate of 312,000. Over the previous 12 months dating back to March 2015, these housing starts have risen on a monthly basis six times—March 2015, April, June, September, November and February 2016—while falling on a monthly basis in the other six months. However, using the three-month moving average to smooth the month-to-month volatility…
Top 10 NYC Multifamily Sales in April 2016
Trendy Brooklyn may have come out on top in this new data set, but overall recorded sales in April 2016 were dominated by transactions in Manhattan. Of special note is the continuing appetite for income producing properties in Washington Heights and Long Island City. 1. Sale Price: $79,672,500 Buyer: Eqr-North Ninth Ii LLC Seller: Em N9 LLC, Fpg 237-263 North 9TH Property LLC Despite rumors of shedding billions of dollars of apartments late last year and early in 2016, Sam Zell’s Equity Residential boldly picked up these Williamsburg apartment buildings last month. 2. 42-15 Crescent Street, Queens Sale…
Rent Growth
Rents were up 6.0%, which had fallen to 5.7% in March after peaking at 6.7% in October.
Economy Watch: Another Official Talks of CRE Froth
The Office of the Comptroller is pressing banks to tighten up loan terms to property developers, and toward that end recently reissued its guidance on how banks should approach CRE lending.