Commercial Real Estate & Business News – February 6, 2017

As one might expect, the reactions to President Donald Trump's initiation of the overhaulof the Dodd-Frank Wall Street Reform Act came in fast and furious after Trump signed an executive order on Friday that calls for the Secretary of the Department of the Treasury to begin reviewing Dodd-Frank...»

Apartment market fundamentals got the year off to a strong start, with average US monthly rents seeing an increase in January after flattening at the end of 2016. Yardi Matrix's latest monthly survey shows that rents rose by an average of $5 to $1,315 per month in January, following four consecutive months of declines. Year over year, rents were up 4.6% across the 124 markets surveyed by Yardi Matrix. Although that represents a 30-basis point increase in annual gains from December, it's 240 bps below the year-ago level for Y-O-Y increases...»

 

National construction employment started 2017 on a high note, adding 36,000 net new jobs on a seasonally adjusted basis in January, according to analysis of U.S. Bureau of Labor Statistics data released today by the Associated Builders and Contractors (ABC). The 0.5 percent increase represents the best month for construction employment growth since March of 2016...»

Phoenix is one of the most affordable big cities in the U.S., according to new cost-of-living data. The Council for Community and Economic Research recently published its latest Cost of Living Index based on data from the first three quarters of 2016...»

Arizona State University has nixed the Arizona Coyotes' plans for new hockey arena in Tempe. The Coyotes wanted to move out of Glendale and build a new arena on university land in Tempe. But ASU announced Friday it was nixing the deal according to TSN in Canada, Yahoo Sports and other outlets...»

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