Michelle Matteson
Development: Shovels and Cranes
(change in U.S. commercial real estate under construction)
Investment: Rising Residential
(U.S. pricing per square foot [1]) [1] Based on independent reports of properties and portfolios $5 million and greater. Data believed to be accurate but not guaranteed. [2] Price per unit denominated in $000s. RCA will aggregate significantly more transaction activity.
Office Leasing: Tighter Quarters
(U.S. office market conditions*) *Monthly chart cycles among office, industrial and retail
Mortgage Banks: A Year Of Cautious Optimism
(expected percent change in firm volume for 2012*) *Based on responses to CPE-MHN survey
Apartment Leasing: Positive Direction
(national trends in rental applicant traffic) Actual Traffic vs. Job Change Credit Trends Applicants with: Q4 2011 Last 12 Mos. Q4 2010 Recent Medical Debt 36.72% 34.24% 36.53% Thin/No Credit 34.42% 32.79% 34.20% Recent Bankruptcy 2.93% 2.80% 3.06% Recent Foreclosure 1.12% 1.17% 1.34% Sources: Job change data from U.S. Bureau of Labor Statistics. All other data from aggregated RentGrow client data.
Global Cities Compared: America's Return
By Max Arkey U.S. cities saw strong recovery throughout 2011. In particular, the total returns on real estate in Chicago (13.8 percent) and Los Angeles (17 percent) for the year ending in September 2011 were close to double those recorded in the previous 12 months. But other cities worldwide also saw improvement, with London (12.7 percent) and Dublin (minus 5.3 percent) in fact the only two cities to experience weakening returns compared to their performance in 2010. Concerns over the Eurozone crisis and a slowing of foreign capital being invested into the United Kingdom have in part subdued returns in…
Manufacturing Update: New Orders
(value of manufacturers’ new orders; not seasonally adjusted; $ in millions) Industry Dec. ’11 [p] Nov. ’11 [r] Oct. ’11 Dec. ’10 All manufacturing industries [1] 466,222 444,953 448,923 422,050 Durable goods industries [1] 224,119 197,669 196,757 196,345 Primary metals 25,643 25,323 25,065 19,210 Fabricated metal products 22,906 24,610 25,950 22,371 Machinery 34,069 28,985 31,590 32,405 Computers and electronic products [1] 28,966 21,934 24,749 31,913 Electronic equipment, appliances and components 9,868 10,430 10,683 10,112 Transportation equipment 72,260 54,178 45,190 50,951 Furniture and related products 4,794 5,362 5,544 4,680 Nondurable goods industries 242,103 247,284 252,166 225,705 Source: U.S. Census Bureau. [1]…