Research Suggests Apartments Contribute $1.3 Trillion to U.S. Economy
Doug Bibby, president of the National Multifamily Housing Council (NMHC), joined REIT.com for a video interview to discuss research on the economic impact of the apartment industry in the United States.
The NMHC published a report this year indicating that the apartment industry contributes $ 1.3 trillion in economic activity to the U.S. economy every year, which translates into 12 million jobs. That total includes $ 100 billion in construction spending, $ 190 billion in operating apartment communities and $ 1 trillion in resident spending.
Fundamentally Speaking: Economy Still Gaining Strength
In the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s senior vice president for research and economic analysis, concludes that the United States economy continues to recover despite a mixed bag of recent data.
Schnure pointed out that the big slowdown in fourth quarter gross domestic product (GDP) after six months of increased momentum “is like the recovery we’ve had all along. It’s uneven, but it’s gathering strength.”
Fundamentally Speaking: September Jobs Report Shows Economy Gathering Momentum
In the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s vice president for research and industry information, reviewed the September jobs report and what it says about broader economic trends.
Non-farm payrolls rose by 248,000 in September, according to the Bureau of Labor Statistics. “That’s a solid number just by itself,” Schnure said, adding that prior months were also revised upward. “The weakness in late summer was not quite as pronounced as we thought before.”
Quick Study: Broad Economy Dominates REIT Market Sentiment
In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, offered an analysis of how the REIT market performed in July after a strong showing in the first half.
The total return on the FTSE NAREIT All REITs Index dipped 0.2 percent in July, although the decline was smaller than the 1.4 percent fall in the S&P 500 Index. For the year through July 31, the FTSE NAREIT All REITs Index had a total return of 15.9 percent, compared with a 5.7 percent gain by the S&P 500.
REIT-volution: REITs Continue to Adapt to Dynamic Economy
When President Dwight D. Eisenhower signed the Cigar Excise Tax Extension Act of 1960 into law, the bill authorized REITs in the United States. In the beginning, the industry primarily consisted of companies owning mortgages. Yet, over time, the REIT approach to real estate investment has demonstrated the capacity to evolve to fit the changing demands of the economy at large.
Patrick Dixon – conference speaker future trends (futurist). Global future of industry, marketing, customers, energy, global warming, aviation, banking, economy, real estate, health, technology – motivational keynote speech
www.globalchange.com Take hold of your future or the future will take hold of you conference keynote speaker on managing uncertainty, risk management: why low probability risks happen more frequently than most expect. New market opportunities. Rapid changes in consumer behavior. First mover advantage, multiple scenarios and business strategy development – by Patrick Dixon conference speaker – part of keynote presentation for MTN. Patrick Dixon is often described as a Futurist, author of Futurewise and Building a Better Business, and is one of the world’s most sought after conference speakers on global trends, new markets, demographics, geopolitical risks, emerging markets, digital economy, Web 2.0 communities, virtual teams, biotechnology, business ethics, compliance, leadership, change management and motivation..Patrick Dixon has given “Future” insights to: Airlines, Travel, Shipping, Hotels, Tourism and Automotive Industry, Banking, Insurance and other Financial Services, Media, Telecommunications and Distribution, Technology, Engineering, Software and Computer Manufacturers,Food and Drink, Household Goods and Packaging Industry, Energy, Chemical Industry, Mining, Metals, other Commodities,Health Care, Pharmaceutical Industry, Medical Technology and Cosmetics / Lifestyle,Government and UN Marketing, Advertising and Design. He has also given conference keynote presentations to Law Firms / Legal / Management, Consulting, Training, Service Organisations. Non-Profit …