Dees Stribling
Economy Watch: Apartment Markets Slowing Down
All four indexes in the NMHC’s quarterly survey released this month were below the break-even level of 50, indicating weaker conditions in the multifamily industry.
Starwood Capital Snaps Up Canadian Apartment REIT for $2.9B
Under the terms of the deal, all of Milestone’s subsidiaries and assets will be absorbed, while Milestone unit holders will receive $16.15 per trust unit in cash.
Economy Watch: Inflation Edges Up, Fed Says Labor Markets Tightening
Gas prices and rents were the prime drivers of the rise in the U.S. Consumer Price Index, the Bureau of Labor Statistics reported.
Economy Watch: Holiday Spending Exceeds NRF Forecast
U.S. retail sales in the last two months of 2016 increased 4 percent from the same time last year, exceeding the National Retail Federation’s forecast of 3.6 percent growth.
Economy Watch: IMF Puts US Growth Prospects Up in 2017
In its first 2017 economic outlook report, the IMF revised its forecast for U.S. growth up by 0.1 percentage points for this year and 0.4 points for 2018.
Economy Watch: Retail Sales Surge in December
Total retail sales for the month were up 4.3 percent from the same time last year, the U.S. Census Bureau reported.
Economy Watch: Report Details Sino-American Economic Ties
A recent USCBC noted that the U.S.-China trade relationship supports about 2.6 million U.S. jobs across a range of industries.
Economy Watch: Holiday Sales Rise, Especially Online
More than one-fifth of all holiday spending this season was conducted online, a substantial increase from the same time a year before.
Economy Watch: BLS Data Points to Strong Employment Market
With the number of part-time and long-term unemployed workers at low levels, the U.S. employment market is doing well—but it’s not quite at full employment.
Economy Watch: U.S. Economy Creates 156K Jobs in December
While job creation was below average for the month, wages grew more in December than at any time in the last nine years.