Author Archives: marcusmillichap

Hessam Nadji is…

Economy Drives Increased Spending; Housing-Related Consumption Rising

    Follow us: |  |  |  Research Brief June 2018 RETAIL Developing Trends ■ Job market gains momentum as expectations are surpassed. The U.S. recorded another month of job creation as 223,000 employees were added to payrolls in May, compared to 190,000 expected. During that period, the retail trade sector staffed 31,000 workers; also, 25,000 construction jobs […]

Booming Economy Prompting Hawkish Fed Policy; Global Financial Markets May Complicate Future Action

    Follow us: |  |  |  Research Brief June 2018 FEDERAL RESERVE Developing Trends ■ Recession indicator close to tipping point. Following the increase in the Fed funds rate, the spread between the two-year Treasury and 10-year Treasury has fallen to 34 basis points, the lowest level since prior to the Great Recession. ■ Small business optimism […]

Competition for Staff Invigorates Office Space Demand; Labor Shortage Could Emerge in Second Half of Year

    Follow us: |  |  |  Research Brief June 2018 EMPLOYMENT Developing Trends ■ With 223,000 jobs added last month, May became the 92nd straight month of employment additions and the unemployment rate dropped to 3.8 percent. The unemployment rate hasn’t been this low since April of 2000. ■ Employment growth supports apartment demand. The expanding job […]

Millennials Driving Force Behind Home Sales; Affordable Suburban Locations Gaining Popularity

    Research Brief June 2018 HOUSING Developing Trends ■ While listings under $200,000 continue to fall, overall total properties available for sale in April increased for a fourth consecutive month. With sales activity holding relatively in line with levels over the past two years, the months supply of inventory loosened to 4 months. ■ […]