Author Archives: marcusmillichap

Hessam Nadji is…

2018 Job Growth Closes on a High Note, Tight Unemployment to Restrain Hiring

  EMPLOYMENT JANUARY 2019 2018 Job Growth Closes on a High Note, Tight Unemployment to Restrain Hiring Aggressive recruiting accelerates employment growth in 2018, raising housing demand and consumer spending. The economy added 312,000 positions in December for an annual total of 2.6 million new roles, outperforming both 2016 and 2017. Unemployment fell to a […]

Extremely Tight Unemployment Among College-Educated Strengthens Demand For High-End Apartments

    Follow us: |  |  |  Research Brief October 2018 EMPLOYMENT Developing Trends ■ Year-to-date job growth outperforms last year’s comparison. In September, 134,000 jobs were filled, bringing the total expansion of the employee base for the year up to 1.9 million people. That is 180,000 more jobs than were added in the same time period in […]

Stock Market Volatility Up Amid Rising Interest Rates; Stability of Commercial Real Estate Holds Appeal

  Follow us: |  |  |  Research Brief October 2018 STOCK MARKET Developing Trends ■ Fed remains committed to tightening. Recent comments from the Fed remain hawkish, with a rate hike planned for December and as many as three next year. Core PCE (personal consumption expenditure), the Fed’s preferred inflationary metric, remained at 2 percent in August, matching […]

Affordability Slows Home Sales, Turning Rising Residential Demand Toward Apartments

    Follow us: |  |  |  Research Brief October 2018 HOUSING Developing Trends ■ Despite lowering apartment vacancy, tightened construction lending has led to a tapering in multifamily permitting issuance, while single-family permitting also remains low. A slowdown in housing construction will be met with heightened residential demand and could lead to a shortage of stock if […]