Tag: unemployment
High supply apartment markets ride demand wave
More than 558,000 apartment units have delivered over the past 12 months, hitting what RealPage Analytics calls a 50-year supply peak. But...
Multifamily starts forecast revised lower
Fannie Mae’s September housing forecast calls for fewer multifamily housing starts in 2024 and 2025 than in last month’s forecast. The downward revision follows...
Fed delivers large interest rate cut
Federal Open Market Committee (FOMC) met this week and, in an unusual pre-election move, decided to lower their target interest rate by 0.5 percentage...
Employment growth down again in July
The Employment Situation Report from the Bureau of Labor Statistics reported that overall employment growth fell sharply again in July from the gain initially...
Fed foresees only one rate cut in 2024
Federal Open Market Committee (FOMC) met this week and decided to keep interest rates unchanged. The Fed forecast that interest rates will end 2024 higher...
Employment growth accelerates in May
The Employment Situation Report from the Bureau of Labor Statistics (BLS) reported higher than expected overall employment growth in May. However, employment levels in...
Strong rise in employment in March
The Employment Situation Report from the Bureau of Labor Statistics stated that March employment levels all 4 of the multifamily-related job categories we track...
Fed raises rate forecast for 2025
Federal Open Market Committee (FOMC) met this week and decided to keep the Fed Funds rate unchanged. However, the Federal Reserve’s updated forecasts for...
Property management jobs grow as construction jobs stall in February
The Employment Situation Report for February from the Bureau of Labor Statistics stated that employment in property management rose while residential construction employment fell...
The tyranny of the Phillips Curve
Repeat after me, class: Growth does not cause inflation. Write it on the blackboard 100 times. For decades, the economics profession has been trying to...
Fed backs off higher for longer
Federal Open Market Committee (FOMC) met this week and decided to keep the Fed Funds rate unchanged. However, the Federal Reserve’s updated forecasts for...
BLS reports solid employment growth
The October Employment Situation Report from the Bureau of Labor Statistics stated that employment growth was positive for the month in all 4 multifamily-related...
Fed projects interest rates will stay high longer
Federal Open Market Committee (FOMC) met this week and decided to keep interest rates unchanged. However, the Federal Reserve’s updated forecasts for key economic...
Fed signals higher interest rates ahead
The Federal Open Market Committee (FOMC) met this week and decided to keep interest rates unchanged. However, the Federal Reserve’s updated forecasts for key...
Mixed employment picture in April
The Employment Situation Report from the Bureau of Labor Statistics stated that apartment operations employment fell slightly while residential construction employment rose overall in...
