Anna Spiewak
Economy Watch Weekly: Mixed Economic News, but at Least Nothing Strange Happened in the Eurozone
CPE’s economic analyst, Dees Stribling, gives his update for the week ending April 12.
Economy Watch: Homebuilder Confidence Slips; Home Prices Up in Some Markets; Wall Street, Gold Take a Beating
Homebuilder confidence dropped two points to 42. The latest FNC Residential Price Index points to a continued rise in housing prices. And gold wasn’t so golden on Monday, as the price saw the steepest one-day drop in percentage terms for the metal in about 30 years. Wall Street followed suit, with its largest drop in months on Monday.
Economy Watch: Retail Sales Off in March; Housing Inventories Up; Consumers Grumpier Again
Consumers pulled back their spending in March. Housing inventories saw an uptick month over month. And consumer sentiment has slightly decreased in April.
Economy Watch: Americans Borrowing More (for Schooling); PC Sales, Unemployment Claims Dip
Total consumer credit was up at an annualized rate of 7.8 percent in February, compared with a 5.5 percent increase in January. Worldwide shipments of PCs in the first quarter of 2013 were down almost 14 percent compared to last year. And unemployment claims dropped from the previous week by 42,000.
ARCP’s Schorsh on CCPT III: ‘We Wish Them Well, but We’re Out’
In an interview with CPE on Thursday, American Realty Capital Properties’ chairman & CEO talked about his company’s decision to back off from its aggressive pursuit of Cole Credit Property Trust III with a $9.7 billion bid.
L’Oréal, SAP Take 500 KSF of Office Space at NYC’s Hudson Yards
The South Tower at the 13 million-square-foot mixed-use project being developed by Related Cos. and Oxford Properties Group has just reached a total of 80 percent in occupancy commitments with two new lease agreements.
Economy Watch: Fed Mulls Fate of QE3; Vegas Residential Market Normalizing; Mortgage Delinquencies Down
Some members of the Federal Reserve’s Open Market Committee brought up during its March meeting phasing out QE3 sooner rather than at an unspecified date. The Greater Las Vegas Association of Realtors reported that for the first time in years, non-distressed sales have accounted for more than half of all local home sales so far in 2013. And mortgage delinquencies are still on a downward trend.







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