SVN 2023 Conference Video
Economic Update – March 17, 2023
1. INFLATION • The Consumer Price Index (CPI) rose 0.4% month-over-month and 6.0% year-over-year on a seasonally adjusted basis through February, according to the Bureau of Labor Statistics’ March 14th release. Both the monthly and annual measures decelerated from...
Economic Update – March 3, 2023
1. HOMEBUILDING SENTIMENT RISES • According to the latest data from the National Association of Home Builders (NAHB), homebuilding confidence is on the rise. The NAHB/Wells Fargo Housing Market Index (HMI) rose seven index points to a level of 42, its highest reading...
Blog: Understanding the Importance of Operating Expense/CAM Reconciliation
When it comes to commercial real estate, one of the most important aspects to understand is operating expenses, also known as Common Area Maintenance (CAM) charges. These charges can have a significant impact on the bottom line of an investment, and it is crucial to...
Economic Update – February 17, 2023
1. JANUARY JOBS REPORT • According to the Bureau of Labor Statistics, the US economy added 517,000 jobs in January while the unemployment rate was little changed at 3.4%. The number of unemployed persons was also little changed at 5.7 million. • On the surface, the...
Economic Update- January 30, 2023
1. GDP • Real GDP increased at a 2.9% annual rate in Q4 2022, according to the advance estimate by the Bureau of Economic Analysis. Economic output has slowed from Q3 2022, when real GDP grew at a 3.2% annual rate. • While recession fears have amplified heading into...