U.S. hotels' operating efficiency at its highest since 1960
CBRE Hotels' Americas Research annually surveys thousands of hotels' operating statements for our annual Trends® in the Hotel Industry report. In advance of the 2018 edition's early summer publication, we would like to share with EA clients the data tables from the report, along with some observations.
The tax benefits of renting a home vs. buying will increase in 29 of the 35 largest U.S. markets—up from 15 markets before tax reform. Limitations on state and local tax deductions and the loss of the mortgage interest deduction on home purchases above $750,000 will marginally impact housing costs in high-cost markets, but will have negligible impact on population flows. The overall economic impact should be positive, but it's uncertain for how long, given the reform's late-cycle timing and the question of whether corporate tax savings will be sufficiently reinvested to cause job growth.
Presentation Slides: Will this be the longest real estate boom ever?
Richard Barkham, EA’s Chairman and CBRE Global Chief Economist, recently addressed the National Association for Business Economists regarding the economic cycle and its current implications for commercial real estate. As EA has consistently been at the frontier of thought leadership for commercial real estate, we thought we would share his slides and his thoughts to the broader community.