With the recent executive order placing tariffs on steel and aluminum imports, industrial and high-rise office construction costs may increase modestly.
Employment gains continued to surprise to the upside, while wage growth slowed slightly. February’s report may lower recent expectations for improved wage growth.
I recently moved from Boston to Denver and the difference in cost of living served as a welcome income multiplier. I'm not alone in that experience: strong push and pull factors are underpinning U.S. migration trends and local economic strength in more affordable markets.
It was my recent pleasure to present to CBRE colleagues and clients in Chicago on the global economy's near-term implications for U.S. CRE.
Eliminating the SALT deduction increases the cost of local public services, and may lower house prices. It will be felt most strongly in towns with higher homeownership rates, suburbs, and higher-income communities.
Our near-term expectations.
The Bank of Korea—often considered a bellwether of interest rates in Asia—raised its benchmark rate at the end of November. Was that the start of a tightening cycle?
Q4 GDP growth of 2.6% came in under Q3's 3.2% and the 3.0% consensus estimate, reflecting some drag from net exports and inventories, which somewhat offset the quarter's strong consumer spending.
The new tax reform act lowers the cap on the mortgage interest deduction and extends the holding period for capital gains inclusion. While the latter is probably good, the former will do little for homeownership.
The new Tax Reform Act provides for a new and novel way to depreciate new capital investment—plant, equipment and buildings. In theory, the positive impact could be significant. In the current context, however, expensing raises some concerns.
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