Economy Watch: How Strong is Employment Among Millennials?
The April Bureau of Labor Statistics employment report was generally good news, with a net gain of 223,000 jobs and an unemployment rate of 5.4 percent, the lowest that metric has been in the last seven years, since the onset months of the recession.
APARTMENT MARKET STATISTICS: May 2015
According to forecasts by Marcus & Millichap, 210,000 units will be completed in 2015 in major metropolitan areas, with average effective rents of $1,219 and average vacancy rates of 4.8 percent.
Economy Watch: Will the Economy’s Continuing Slow Growth Affect Real Estate Development?
Now that a crummy first quarter, at least in terms of U.S. economic growth, has been verified by the preliminary GDP numbers (up a meager 0.2 percent), attention turns to the second quarter.
‘Economy Watch’ Podcast with Dees Stribling: Minuscule Economic Growth
Minuscule economic growth for Q1 2015.
Economy Watch: CRE Benefits from Easier Money
Among all the other metrics the Federal Reserve tracks, each quarter it publishes the “Senior Loan Officer Opinion Survey on Bank Lending Practices.” In the case of the April 2015 survey for Q1, the central bank summarized responses from 76 domestic banks and 23 U.S. branches and agencies of foreign banks.
Economy Watch: Construction Spending Continues to Drop Because of Energy
U.S. construction spending continued on a downward trajectory in March.
Top 10 (Plus One) Markets for Supply in 2014 and Rental Performance
Multifamily construction has been strong across the nation, but some markets clearly lead the pack.
Economy Watch: Real Estate’s Part of the GDP
After releasing the 30,000-foot view of U.S. economic growth for each quarter, the Bureau of Economic Analysis releases a load of detail the next day, which in this case was Thursday. The underlying details include real estate data that breaks down total spending on most property types, as a percentage of GDP.
Economy Watch: U.S. Economy Turns in Weak First Quarter
As expected—since a number of economic indicators have been pointing that way—the U.S. economy didn’t grow much during the first quarter of 2015, according to the Bureau of Economic Analysis.