Yet another blow to hopes for a speedy recovery dominates this month’s Barometer data. Job growth was stunningly low and the previous month’s low employment growth was revised even lower; capital markets indicators were mixed at best; and the weak housing data remained weak.
A jarring blow to hopes for a smooth, if not speedy, recovery dominates this month’s Barometer data. Job growth was the lowest in eight months and the impact of rising food and energy prices was widespread; capital markets indicators were down; and the weak housing data stay weak.
Robust employment growth dominates this month’s Barometer economic data, seesawing continues in the capital markets, property fundamentals are somewhat improved, and the weak housing data stay very weak. Overall, 54 percent of key indicators in the Barometer are worse than they were one year ago, 44 percent are better, and 2 percent are unchanged.
Sustained, moderate strength in some of this month’s economic data creates a creditable sense of well-being, while see-sawing continues in the Barometer capital markets data and the weak housing data stay very weak. Overall, 51 percent of key indicators in the Barometer were worse when compared with one year ago, 44 percent were better, and 5 percent were unchanged. Read more about the economy, real estate capital markets, housing, and commercial/multifamily investment property.
It has taken a while to get here but the current month-to-month data offers a more pleasing view than a year ago. Still, persistent challenges remain. Compared with one year ago, 53 percent of key indicators in the Barometer were better, 39 percent were worse, and 8 percent were unchanged.
The real estate economy is continuing to turn in the right direction, albeit slowly and with a long way to go. Compared with one year ago, 55 percent of 64 key indicators were better in January 2011. Read more about the economy and real estate markets.
This month’s data are a mixed bag best approached with a healthy dose of perspective. The instances of positive figures are encouraging, but those figures are still not at levels high enough nor extensive enough to point to a vigorous recovery. And there are still seemingly unshakable issues to overcome in the economy and real estate markets.
This month’s data offer little to support broad-based momentum in either the economy or the real estate market. The few positive figures are encouraging, but the numbers are not at a high enough level to point to robust recovery. Read a summary of more than 70 key indicators of the performance of the economy, real estate capital markets, housing, and commercial/multifamily investment property.
Looking beyond the two elephants in this month’s Barometer that just won’t budge—the high unemployment rate and the weak housing market—there are more than the usual number of positive signs in other sectors. Still, certain indicators continue to decline and even some of the positive gains remain weak when compared to historical trends. Read a summary of more than 60 key indicators of the economy, real estate capital markets, housing, and commercial/multifamily investment property.
Current investment strategies of three major companies were the topic of this session, as the panel discussed the location, property types and financing structures of recent deals. There was also some general discussion about moving away from the ‘buy low-sell high’ approach towards participating in the various debt and equity capital stocks as a way to invest in projects. What development opportunities are the leading companies pursuing now?
This month’s ULI Barometer is laced with fluctuations in both directions, but even the most positive gains are still very weak when compared to historical trends. August data from the housing sector remains bleak and commercial property prices fell, but REIT sectors returns were positive, and property sales volumes continued to rise. Read a summary of more than 60 key indicators of the economy, real estate capital markets, housing, and commercial/multifamily investment property.
Disappointing reversals and changes are abundant in this month’s ULI Barometer, although there is a touch of positive news, as well. Read more in ULI’s Real Estate Business Barometer, a monthly summary of more than 60 key indicators of the economy, employment, and the real estate market.
