Tag Archives: Marcus and Millichap

Employment Momentum, Accelerating Wages Support Real Estate Performance Outlook

Follow us:  Research Brief January 2017 EMPLOYMENT Important Factors ■ December employment growth of 156,000 jobs moderated from the pace seen through much of 2016. Yet, given that the economy is approaching full employment, job creation above 100,000 positions per month is more than enough to match labor force growth. ■ Education and health services […]

U.S. Labor Market Resoundingly Consistent; November Hiring Maintains Trend of Broad, Steady Growth

December 2, 2016 The pace of hiring in November serves up the latest evidence that U.S. payrolls continue to expand at a steady pace and measures of labor market slack are also tightening. With the U.S. economy on track to add 2.2 million jobs during 2016, the path for the Federal Reserve to raise its […]

Tight Housing Inventory Restraining Home Sales, But Builders May Shift Emphasis to Entry-Level Market

October 26, 2016 For-sale housing inventory fell to a decade low during August, and limited housing stock along with strong demand for homes are beginning to encourage home builders to shift their focus from larger, luxury homes to smaller, entry-level housing. This change could provide some relief to the supply-constrained housing market, though a larger […]

Hiring Positive but Restrained by Tight Labor Market; Wage Pressure Emerging

October 10, 2016 Hiring in September reaffirmed that job creation is moderating from the elevated levels of the past two years. The downshift to a more tempered pace likely reflects a shortage of qualified workers as unemployment hovers near 5.0 percent. Accelerated wage gains offer some evidence that employers are competing vigorously to fill positions, […]