In this issue of SCP’s US Real Estate Economic Indicators we welcome Eric Brody, Principal of Wonder Works Construction Corporation a construction and development company with an emphasis on building and investing in New York multifamily properties.
The month of March marked a sharp decrease in Temporary Certificate of Occupancy (TCO), New Building (NB) and Alteration (A1) applications filed with New York’s Department of Buildings (DOB). It remains to be seen if this trend continues especially since we are noticing a thaw in construction financing and a slight stabilization, if not increase […]
As most economic indicators continue to improve, coupled with the $1.9Tr. stimulus plan, the US 10 year Treasury Note broke the 1.70% mark – a level seen January of last year.
A slight improvement in most indicators such as: construction spending, unemployment, consumer spending, vacancy rates in housing, and low interest rates is giving lenders and investors some reason to be optimistic.
2021 is finally here and although everyone is ready to move on to a post-COVID world, headwinds abound. The vaccine rollout has been slower than most would like and unemployment figures still don’t paint the prettiest of pictures, even though there has been a substantial improvement compared to the beginning of the pandemic. However, expectations […]
As the year is wrapping up, all eyes are on the rollout of the vaccine and how the second wave of restrictions and potential lockdowns will impact property operations (i.e. collections and occupancy) and ultimately property values. As the CPPI All Property Index, which is a blend of prices across all property types, is down […]