Reis reported that the apartment vacancy rate was at 4.8% in Q1 2019, unchanged from 4.8% in Q4, and up from 4.7% in Q1 2018. This ties the last two quarters as the highest vacancy rate since Q3 2012. The vacancy rate peaked at 8.0% at the end of 2009, and bottomed at 4.1%...
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The key reports scheduled for this week are the March employment report, February Retail Sales, March Auto Sales, and the ISM Manufacturing survey. Also, the Q1 quarterly Reis surveys for office and malls will be released this week. —– Monday, Apr 1st —–8:30 AM: Retail sales for February is scheduled to be released. The...
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Friday:• At 8:30 AM ET, Personal Income, February 2019; Personal Outlays, January 2019. The consensus is for a 0.3% increase in personal income, and for a 0.3% increase in personal spending. And for the Core PCE price index to increase 0.2%. • At 9:45 AM, Chicago Purchasing Managers Index for March. The consensus is...
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Here is the earlier post on Case-Shiller: Case-Shiller: National House Price Index increased 4.3% year-over-year in January It has been over eleven years since the bubble peak. In the Case-Shiller release this morning, the seasonally adjusted National Index (SA), was reported as being 12.0% above the previous bubble peak. However, in real terms, the...
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From HotelNewsNow.com: STR: U.S. hotel results for week ending 16 March The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 10-16 March 2019, according to data from STR. In comparison with the week of 11-17 March 2018, the industry recorded the following: • Occupancy: -0.9%...
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Earlier: NAR: Existing-Home Sales Increased to 5.51 million in February A few key points: 1) Seasonally February is one of the weakest months of the year for existing home sales (See Not Seasonally Adjusted NSA graph below). Since existing home sales are counted at closing, these are properties that usually went under contract during...
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Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Billings Moderate in February Following Robust New Year rchitecture firm billings growth softened in February but remained positive, according to a new report today from The American Institute of Architects (AIA). AIA’s Architecture Billings Index (ABI)...
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Weekend:• Schedule for Week of March 17, 2019 • FOMC Preview Monday:• 10:00 AM, The March NAHB homebuilder survey. The consensus is for a reading of 63, up from 62. Any number above 50 indicates that more builders view sales conditions as good than poor. From CNBC: Pre-Market Data and Bloomberg futures: S&P 500...
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Container traffic gives us an idea about the volume of goods being exported and imported – and usually some hints about the trade report since LA area ports handle about 40% of the nation’s container port traffic. The following graphs are for inbound and outbound traffic at the ports of Los Angeles and Long...
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Note: Still catching up on New Home sales following the government shutdown. The report released tomorrow will be for January. The February new home sales report is scheduled for March 29th. The March report will be released on the normal schedule. Thursday:• At 8:30 AM, The initial weekly unemployment claims report will be released....
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