The Star Ledger has an article about the February jobs report and related economic data, which increased from a five year low. "Employers added more workers than projected in February, indicating the U.S. economy is starting to bounce back from a weather-induced setback." The overall economy has positive signals for the future, including hiring in … Continue reading Good reads – CRE news from the week of March 3
Tag: economic indicators
Looking Back – February 2013 economic reports at a glance
Nationally, the economy seems to be stabilized at a slow growth rate. Construction spending was essentially flat and consumer confidence was down slightly. The Non-Manufacturing report on business continues to be positive, but shows signs of slowing since the previous month. The inclement winter weather in the northeast has had a negative impact on business. The corporate real estate market … Continue reading Looking Back – February 2013 economic reports at a glance
Good reads – CRE news from the week of February 23
There were a number of stories discussing a bullish trend among real estate investors both here in New Jersey and around the country. Mack-Cali sold a number of their office properties to Keystone Property Group and Mountain Develoment also acquired a property in the Meadowlands. Bergen Record: Mack-Cali selling Fair Lawn, Montvale offices as part of … Continue reading Good reads – CRE news from the week of February 23
Good reads – CRE news from the week of February 10
The Star Ledger put together a nice piece highlighting the impact that all of this winter weather has had on the economy. Losses tracked by major insurers show that "average annual winter storm losses have doubled since the early 1980s... Manufacturing output took a tumble in January... and car sales at Ford, GM and Toyota … Continue reading Good reads – CRE news from the week of February 10
Good reads – CRE news from the week of February 3, 2014
Al Jazerra America reports that "Rising prices and a boom in office construction are key indicators that the economy is growing," a narrative that was reinforced by a story in Quartz.com covering a recent statement suggesting optimism from the president of ArcelorMittal, who expects steel use in the US to grow. The New York Times reports … Continue reading Good reads – CRE news from the week of February 3, 2014
Looking Back – January 2013 economic reports at a glance
Nationally, the economy seems to be trending positively. The Fed Beige Book indicates moderate growth, consumer confidence is up, construction spending is increasing, and the service sector is expanding. On the state level, New Jersey is still struggling to create and retain jobs. The number of private sector jobs lost in December eroded most of the … Continue reading Looking Back – January 2013 economic reports at a glance
Good reads – CRE news from the week of January 25, 2014
New Jersey continues to struggle with job creation, and the December's report just about wipes out the gains that were picked up during 2013. The unemployment rate did drop, but that was due to the labor force declining. Jersey City is trying to market itself as an attractive alternative site for urban dwellers on the … Continue reading Good reads – CRE news from the week of January 25, 2014
Good reads – CRE news from the week of January 20, 2014
The state economy continues to struggle against high unemployment, despite some modest job gains towards the end of 2013. Despite this, the region, and a few companies in New Jersey received venture capital funding, showing that not everyone is giving up on the state. The Wall Street Journal highlights significant construction taking place in some … Continue reading Good reads – CRE news from the week of January 20, 2014
Good reads – CRE news from the week of January 13, 2014
Some interesting news about the wealth of the state, despite persistently high unemployment. According to an article in the Star Ledger, "New Jersey has the second-highest percentage of households worth at least $1 million in the country." (I guess the article I posted in last week's news run-down about all of the people leaving New Jersey … Continue reading Good reads – CRE news from the week of January 13, 2014
Good reads – CRE news from the week of January 6, 2014
The WSJ reports that the office rental market is getting stronger, Mack-Cali has gone "all-in" on residential real estate and backing away from their traditional investments in office buildings, and a flood of debt secured by commercial real estate investment may provide opportunities for aggressive lenders. The Journal also had an interesting piece on how … Continue reading Good reads – CRE news from the week of January 6, 2014
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