ECONOMIC UPDATE: CONSUMER PRICE INDEX, APRIL JOBS REPORT, INTEREST RATES AND YIELD CURVES
CONSUMER PRICE INDEX Consumer prices rose 8.3% year-over-year through April, according to the Bureau of Labor Statistics’ Consumer Price Index (CPI). April’s reading was the first reduction in annual inflation since August 2021, but price pressures remain near 40-year...
Economic Update: Consumer Price Index, Return-to-Normal: Shopping, Office to Apartment Conversations & MORE!
CONSUMER PRICE INDEX • Consumer prices posted an 8.5% year-over-year increase through March, its fastest annual pace since December 1981, according to the Bureau of Labor Statistics. Month-over-month, prices rose 1.2%. • Energy continues to place the most upward...
Economic Update: Treasury Yield Inversion, Producer Price Index, Independent Landlord Rental Performance & More!
TREASURY YIELD INVERSION • The yields on the 5-year and 30-year US treasuries inverted on March 28th for the first time since 2006, raising fears of an upcoming recession. • The yield on the 5-year note reached 2.56%, while the yield on the 30-year at one point fell...
Asset Class Report: RETAIL
THE RETAIL SECTOR was already steeped in transformational shakeout prior to the pandemic, rightsizing to how shopping is done in an increasingly digital economy. In what has already been a decade-long process, most analysts thought it would be a decade more before we...
Asset Class Report: OFFICE
As the pandemic sent corporate America from boardrooms to bedrooms in 2020, long-held assumptions about productivity are now rightfully up for debate. On one side of the spectrum are those that argue that office spaces facilitate an agglomeration of ideas, culture,...
Asset Class Report: MULTIFAMILY
Aside from “location, location, location,” the most cliché phrase in real estate may be “people will always need somewhere to live.” Its overuse is a symptom of its accuracy. The Multifamily sector had every excuse available to post a down year in 2021, yet its...