In the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s senior vice president for research and economic analysis, explained that underlying fundamentals of the broader economy remain positive, despite market gyrations.
Schnure noted that growth in gross domestic product (GDP) made a robust improvement in the spring. At the same time, sustained consumer spending, particularly for auto sales, has been evident. “In sum, the underlying economy looks quite good,” Schnure said.
