Commercial Real Estate & Business News – November 18, 2016

The number of Americans filing for unemployment benefits fell to a 43-year low last week, pointing to a rapidly tightening labor market that could allow the Federal Reserve to raise interest rates next month. Initial claims for state unemployment benefits dropped 19,000 to a seasonally adjusted 235,000 for the week ended Nov. 12, the lowest level since November 1973, the Labor Department said on Thursday. Claims for the prior week were unrevised…»

Housing starts rose 25.5% in October to a seasonally adjusted annual rate of 1.323 million, the Commerce Department said Thursday, as multifamily housing starts came back with a vengeance. That was the highest pace since August 2007…»

While the “unanticipated turn of events’ that was Donald Trump’s election to the presidency coincides with healthy real estate fundamentals, Marcus & Millichap is anticipating changes in the investment landscape along with the change in administration. That will be the case even as economic momentum and positive demographics help help to sustain those fundamentals…»

The presidential election has unleashed a frenzy of speculation as to what exactly a Trump administration might mean for the commercial real estate industry. Although detailed plans and key appointments are still emerging, Trump has been crystal clear on his intent to ease banking regulations and financial industry reforms…»

The steady rise in rents has been well documented in recent years, but for many renters in the U.S., that’s not their only concern. According to the latest report from Freddie Mac, more renters in September worried about rising utility bills than rising rents, and nearly half of the renters surveyed said they would be willing to pay more for rentals with cost-saving water and energy features…»