Economic Conditions

Economic Conditions

• Poll Reveals Palpable Optimism Within Construction and Design Sectors

  Many respondents expect remodeling to lead the growth charge over the next two years.

   

• Gen Y Will Move for Jobs

  Gen Y's urban migration to follow employment has forced developers to choose sites carefully in land-starved metros.

   

• Housing to "Return to Normal" in 2014, UCLA's Anderson School Says

  Multifamily will drive growth nationwide, as it already is doing in California, the school's economists predict.

   

• Construction Spending Dropped Slightly in July

  Construction spending for the first seven months of 2012 is up considerably for the year, though spending fell slightly in July from June.

   

• Sequestration Would Slash Housing Program Budgets

  Critical federal housing programs, including rental assistance, public housing, and HOME, face big cuts through sequestration if Congress fails to enact a plan to reduce the deficit.

   

• What Does the Fed News Mean to Apartment Owners?

  The news that household wealth fell by 39 percent over the past three years probably wasn't that concerning if you are in the rental industry.

   

• April Jobs Data May Tell Whether It's More Multifamily Mojo or Another So-So Year

  Tomorrow's Bureau of Labor Statistics April Employment Situation Summary will either add to or suppress momentum on the household-formation front, which has unleashed pent-up demand and fueled apartment-demand fundamentals for a solid start to the new year.

   

• 2012 Promises to Take Multifamily’s Drivers on One Hell of a Ride.

  2012 promises to take multifamily’s drivers on one hell of a ride.

   

• Home Ownership Showing Gains

  Home Ownership Showing Gains

   

• Home Financing Stays Tough

  Home Financing Stays Tough