The past year’s job growth is unsustainable without structural change in labor force participation. In the past year, participation has ticked up significantly—from a nine-year decline—but a secular reduction in job growth seems inevitable...
20,000 jobs were added in February—far below expectations for 180,000. Unemployment declined 20 bps to 3.8%, while average hourly earnings were up 3.4%, year over year—the strongest growth in 10 years.
Our U.S. macro model is a compact model that captures the main high-level features and interactions of the U.S. economy, including the macroeconomic variables needed to drive EA’s metro-level real estate forecasts.
Recent construction data suggest that multifamily supply growth will peak in Q4 2018 and correct to near the 10-year average by 2020. But don’t completions routinely come in at 15-25% under the projections?
Rents and commercial values in Queens and Arlington will certainly rise, but the broadest impacts will occur residential areas radiating out from these two sites…
New research looks into the practice of passing the costs of commercial property tax hikes on to tenants.
Why hasn’t rental growth climbed higher during this economic expansion?
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