Buyer appetite for commercial property hit post-recession highs as transaction volumes vaulted, prices strengthened, and CMBS issuance shot up. Permits and starts of all types of housing continue to hit high notes; condominium sales are staging a strong comeback now, as well. A negative fourth-quarter GDP provides the first insight into the impact of major government cutbacks.
The top ten trends in this month’s Barometer:
Employment growth slipped but remained above the long-term monthly average, with notable gains in retail and construction. Retail sales were strong and spending on private construction increased, almost entirely due to residential construction.
Read more...ULI Real Estate Business Barometer -- February 2013 via Urban Land Institute
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.