Dees Stribling
Economy Watch: Wealthy Individuals Playing Larger Role in CRE Investment Sales
Private investors accounted for nearly 30 percent of all transaction volumes in 2016, with particular interest in residential and commercial properties in some major U.S. cities, according to Knight Frank’s latest wealth report.
Economy Watch: U.S. Economy Creates 235K Jobs in February
Job gains were fairly widespread among industries, including in those sectors that spur demand for office space, according to the latest BLS jobs report.
Economy Watch: Nonresidential Project Planning Sees Uptick in February
Dodge Data & Analytics Momentum Index rose for the fifth consecutive month, suggesting construction activity will continue to grow in 2017.
Economy Watch: U.S. Service Sector Still Expanding
Economic activity in the non-manufacturing sector grew in February for the 86th consecutive month, according to the latest Non-Manufacturing ISM Report On Business.
Economy Watch: Beige Book Reports Tightening Labor Markets
Employment grew in most of the nation, with some districts noting growing labor shortages, according to the recently released Beige Book.
Economy Watch: Construction Spending Dips in January
The monthly drop was largely due to a decrease in public construction, the Census Bureau noted.
Economy Watch: Are Consumers Really Optimistic?
While some metrics point to continued optimism among consumers, others show them being more cautious as uncertainty remains.
Economy Watch: Realtors Predict a Solid Year for CRE
The U.S. real estate industry should have a “steady” 2017, with lower vacancy rates in several commercial real estate sectors, according NAR’s latest outlook report.
Economy Watch: Tourism Growth to Boost Luxury Retail Worldwide
London topped the global ranking of new luxury retail store openings in 2016, with New York also taking a high spot, according to Savills latest luxury retail report.
Economy Watch: Fed Hints at Another Imminent Rate Hike
In the latest FOMC meeting minutes, the Fed suggests it might be appropriate to raise interest rates “fairly soon.”