Author Archives: marcusmillichap

Hessam Nadji is…

Employment Bounces Back From Hurricanes’ Impact; Labor Shortages Temper Employment Growth

  Follow us:  Research Brief November 2017 EMPLOYMENT Developing Trends ■ Shaking off the effects of hurricanes Harvey and Irma, the economy added 261,000 jobs in October. The leisure/hospitality sector accounted for the majority of the bounce back by adding 106,000 positions in October after posting a decline of 102,000 in the previous month. ■ […]

Harvey and Irma Join Forces to Break 83 Month Job Creation Streak

  Follow us:  Research Brief October 2017 EMPLOYMENT Developing Trends ■ The U.S. economy lost 33,000 jobs in September on the heels of two hurricanes making landfall. The phenomena will likely be short lived as following both Hurricane Andrew and Hurricane Katrina the U.S. economy added an average of 130,000 Positions after dropping significantly the […]

Millennial Homeownership Edging Higher, Young Adults Still Favor Apartment Lifestyle

  Follow us:  Research Brief August 2017 HOUSING Developing Trends ■ Apartment construction appears likely to peak this year as more than 370,000 units are slated for delivery, up from 290,000 apartments in 2016. The majority of new supply is concentrated in luxury, Class A properties, and some markets could experience softening vacancy as these […]

  Household Formation, Loosening Lending Criteria Stimulate Housing Demand

  Follow us:  Research Brief July 2017 HOUSING Developing Trends ■ Existing single-family home prices increased 5.8 percent year over year in May to $252,800 and are up nearly $20,000 since the end of 2016. The increase pushed the median to a record high, largely driven by strong buyer competition and limited inventory across the […]