Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Mercer Capital's Value Focus: Real Estate Industry | Q1 2016 | Segment Focus:...Mercer Capital
Ā
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Mercer Capital's Value Focus: Real Estate Industry | Q2 2018 | Segment Focus:...Mercer Capital
Ā
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes a macroeconomic trends, industry trends, and guideline public company metrics.
Mercer Capital's Value Focus: Real Estate Industry | Q1 2018 | Segment Focus:...Mercer Capital
Ā
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
The document discusses commercial real estate lending trends in 2017. It provides an economic overview of 2016, noting that while global economies moderated, the US GDP maintained moderate growth. Consumer spending was the main driver of growth, while business investment declined. Employment gains were strongest in education, professional services, and leisure/hospitality. Lending conditions tightened for commercial real estate due to increased regulatory oversight.
The document discusses the following:
1) Indian markets performed well in May with the Nifty 50 index rising 3.4% and outperforming global markets. Mid and small cap indices fell but have outperformed so far in 2017.
2) Inflation continued to surprise on the downside, falling to 2.99% in April. Wholesale inflation also declined and core inflation is at a series low. Lower global commodity prices and a favorable base will likely keep inflation low.
3) The RBI's monetary policy was dovish in line with lower growth and inflation data. While rates were kept unchanged, the tone and forecasts signal potential future rate cuts to boost the economy.
Retail Lives
Economic fundamentals continue to strengthen in the
U.S., a trend that is expected to endure through
mid-2019. With continued wage growth acceleration
and consumer confidence near an 18-year high, the
retail marketplace has registered solid spending.
Inflation-adjusted consumer expenditures show a
steady 2.5-3% year-over-year (YOY) growth pattern
since the beginning of 2016. eCommerce sales
accounted for approximately 11.5% of retail sales
(excluding auto sales) in 2017. While we expect that
penetration rate to climb to 14.0% by 2019, physical
stores remain vital to retailer survival in this evolving
retail climate. Despite what the media would lead you
to believe, the overall retail industry is still posting
gains even while it faces secular challenges.
C&W Marketbeat - Canadian Industrial Report- Q2-2014 Guy Masse
Ā
This document provides a summary of industrial real estate market conditions across Canada in the second quarter of 2014. Key points include:
- The Alberta economy continued to outpace other regions, driven by growth in the oil and gas industry. This fueled record industrial real estate absorption in Calgary.
- Central Canadian markets struggled due to slow economic growth, though momentum was starting to improve in the second quarter.
- Strengthening US economic conditions are expected to increase demand for Canadian goods and services, benefiting industrial markets going forward.
U.S. MarketBeats provide an overview of quarterly CRE activity and trends, a snapshot of current economic and capital market conditions as well as market-level statistics on key metrics.
The U.S. economy in 2016 was characterized by steady growth in the face of uncertainty. The year began with steep declines in global equity markets in response to concerns about a slowdown in China, the Europe replaced Asia as the focal point of global anxiety after the Brexit vote. In the fourth quarter, the U.S. unexpectedly elected Donald Trump as President. Despite uncertainty, the economy continued to add an average of 180,000 jobs per month during 2016.
Mercer Capital's Value Focus: Real Estate Industry | Q1 2016 | Segment Focus:...Mercer Capital
Ā
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Mercer Capital's Value Focus: Real Estate Industry | Q2 2018 | Segment Focus:...Mercer Capital
Ā
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes a macroeconomic trends, industry trends, and guideline public company metrics.
Mercer Capital's Value Focus: Real Estate Industry | Q1 2018 | Segment Focus:...Mercer Capital
Ā
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
The document discusses commercial real estate lending trends in 2017. It provides an economic overview of 2016, noting that while global economies moderated, the US GDP maintained moderate growth. Consumer spending was the main driver of growth, while business investment declined. Employment gains were strongest in education, professional services, and leisure/hospitality. Lending conditions tightened for commercial real estate due to increased regulatory oversight.
The document discusses the following:
1) Indian markets performed well in May with the Nifty 50 index rising 3.4% and outperforming global markets. Mid and small cap indices fell but have outperformed so far in 2017.
2) Inflation continued to surprise on the downside, falling to 2.99% in April. Wholesale inflation also declined and core inflation is at a series low. Lower global commodity prices and a favorable base will likely keep inflation low.
3) The RBI's monetary policy was dovish in line with lower growth and inflation data. While rates were kept unchanged, the tone and forecasts signal potential future rate cuts to boost the economy.
Retail Lives
Economic fundamentals continue to strengthen in the
U.S., a trend that is expected to endure through
mid-2019. With continued wage growth acceleration
and consumer confidence near an 18-year high, the
retail marketplace has registered solid spending.
Inflation-adjusted consumer expenditures show a
steady 2.5-3% year-over-year (YOY) growth pattern
since the beginning of 2016. eCommerce sales
accounted for approximately 11.5% of retail sales
(excluding auto sales) in 2017. While we expect that
penetration rate to climb to 14.0% by 2019, physical
stores remain vital to retailer survival in this evolving
retail climate. Despite what the media would lead you
to believe, the overall retail industry is still posting
gains even while it faces secular challenges.
C&W Marketbeat - Canadian Industrial Report- Q2-2014 Guy Masse
Ā
This document provides a summary of industrial real estate market conditions across Canada in the second quarter of 2014. Key points include:
- The Alberta economy continued to outpace other regions, driven by growth in the oil and gas industry. This fueled record industrial real estate absorption in Calgary.
- Central Canadian markets struggled due to slow economic growth, though momentum was starting to improve in the second quarter.
- Strengthening US economic conditions are expected to increase demand for Canadian goods and services, benefiting industrial markets going forward.
U.S. MarketBeats provide an overview of quarterly CRE activity and trends, a snapshot of current economic and capital market conditions as well as market-level statistics on key metrics.
The U.S. economy in 2016 was characterized by steady growth in the face of uncertainty. The year began with steep declines in global equity markets in response to concerns about a slowdown in China, the Europe replaced Asia as the focal point of global anxiety after the Brexit vote. In the fourth quarter, the U.S. unexpectedly elected Donald Trump as President. Despite uncertainty, the economy continued to add an average of 180,000 jobs per month during 2016.
The economy in Romania grew more slowly in the first quarter of 2018 compared to the fourth quarter of 2017. GDP growth was 4% year-over-year in Q1 2018, down from 6.7% in Q4 2017. The budget deficit also increased in Q1 2018 to 0.5% of GDP due to higher spending outpacing revenue growth. Inflation is expected to stabilize later in 2018 and end the year around 3.6% as the central bank has raised interest rates three times in 2018 to cool the economy. Lending to households remains strong while corporate lending has slowed with the moderating economy.
JLL Global Market Perspective - November 2018Harrison West
Ā
Global real estate markets have exceeded expectations as we enter the final quarter of 2018, with investment and corporate occupier activity set to surpass 2017 and finish the year at their highest levels since 2007. However, there are signs that activity is slowing as we move into 2019 and volumes are likely to moderate next year.
Domestic demand continues to bolster Asia Pacific growth amid heightened global uncertainty. While overall regional office leasing activity slowed in Q3 2016, performance was uneven across markets with some cities like Australia seeing strong growth. Commercial real estate investment remains healthy across Asia Pacific supported by low interest rates and strong liquidity. Occupier and investment demand are expected to sustain momentum in 2017.
The quarterly macroeconomic report for Romania provides the following key points:
1) Third quarter GDP growth was 8.8% year-over-year, driven mainly by agriculture, industry, and trade. However, growth is expected to slow to 4% in 2018.
2) Inflation reached 3.3% in December and is expected to peak in the first quarter of 2018 before averaging 4% for the year. The central bank has begun tightening monetary policy in response.
3) The 2018 budget deficit is planned at 3% of GDP, which could continue weighing on investments in the short-term. However, public debt remains sustainable.
- China's manufacturing and services sectors continued expanding in March, with the manufacturing PMI rising to its highest level in almost 5 years and the non-manufacturing PMI reaching a two-year high.
- China's current account surplus neared $200 billion in 2016, though it declined significantly in the fourth quarter. Outbound M&A activity in the first two months of 2017 fell 52.8% year-on-year but was more rational.
- The document then provides updates on various industries in China, including plans by PetroChina to raise spending for the first time in 5 years, China's goal to lower leverage ratios in the steel sector to 60% in 3-5 years, and
E-UPDatesāA Monthly Statistical Bulletin of Economic IndicatorsEcofin Surge
Ā
Monthly statistical e-bulletin comprising a quick review of the economy and about 30 tables and some charts with the latest available economic/financial market indicators, both Indian and Global.
Commercial Real Estate Outlook - November 2010NAR Research
Ā
The document summarizes commercial real estate market conditions in the third quarter of 2010. It finds that while GDP growth was moderate, unemployment remained high, contributing to uncertainty. Commercial real estate fundamentals are expected to modestly improve in 2011, with rents continuing to decline and vacancies remaining elevated. Multifamily performance has been more resilient and is expected to lead the recovery in 2011.
Trends in international trade WTO report 2017-18 | International Trade | Ba...Sachin Paurush
Ā
Report on international trade in the world and their impact on the economy. This report has been published by World Trade Organisation (WTO) for 2017 - 2018 period.
Cushman & Wakefield Residential Market Commentary - May 2017Lee Layton
Ā
The document provides an economic overview and analysis of the UK residential property market. It finds that:
1) GDP growth is expected to slow down and bottom out in 2018, while inflation is already increasing. Interest rates are expected to remain on hold until 2019.
2) House prices nationally have remained flat in recent months, with transaction volumes subdued. New home construction continues to trend upward.
3) Prime central London property values and rents have fallen slightly in the past year, with transaction volumes volatile due to political events. Outer prime London markets have also experienced minor falls.
Strong fundamentals drive US dealmaking despite macro-economic and political uncertainties. First-half activity remains on a par with 2016 as strong fundamentals continue to drive M&A.
Though US M&A faced challenges in H1 2017, the figures show that the market is active and vibrant. There were 2,413 deals worth US$588.5 billion recorded in H1 2017, up 0.5 percent by value compared to US$585.4 billion registered in H1 2016. If activity continues at its current level, US dealmaking is on track for another strong year.
The SVB Asset Management Economic Report, Q2 2017, is a review of and outlook on economic factors that impact global markets and business health.
In this edition, the team discusses the U.K.ās Article 50 notice and the FOMCās current path towards normalization. The report also examines the Trump Administrationās first 100 days in office and current business sentiment.
Weeklyaccchemistryandeconomicreport24 february 2017sanjayshah99
Ā
- Existing and new home sales increased in January from the previous year, suggesting momentum in the housing industry at the start of the year. Existing home sales reached the highest level in 10 years.
- The ACC's Chemical Activity Barometer posted gains in February and January, indicating growth in U.S. business activity through the third quarter. All four core categories improved, with manufacturing activity also expanding.
- U.S. chemical production rose 0.5% in January, with gains across all regions. Compared to the previous year, production was down 0.6%, but the decline was smaller than in prior months.
Trump100 days- Implications for the Property Markets Guy Masse
Ā
PRESIDENT TRUMP'S ADMINISTRATION & ITS IMPLICATIONS FOR THE PROPERTY MARKETS
Measuring the success of a new Administration by its first 100 days is a tradition, and President Trump reaches his first key milestone with campaign promises to overhaul Washington and jump-start the economy. This special report provides a perspective on:
How key economic indicators (inflation, job growth) and commercial real estate are performing so far
The status of key policy proposals, including trade and defense
What to watch for beyond the first 100 days
Mercer Capital's Value Focus: Real Estate Industry | Q3 2016 | Segment Focus:...Mercer Capital
Ā
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Taiwan: Cross-border opportunities amid global changeWhite & Case
Ā
Disruptive forces continue to shape global markets, and Taiwanese businesses can take advantage of opportunities emerging amid these transformative trends.
Dejo esto por aquĆ.
Principales tendencias en el mundo de los negocios y macro econĆ³micas para este 2018, asĆ como de las principales categorĆas de compra.
Las principales tecnologĆas de vanguardia que afectarĆ”n el proceso de compras y su importancia de dicha funciĆ³n en la empresa.
The forthcoming Union Budget will be presented against the backdrop of heightened expecta- tions that the government would unravel reform-centric policies and action plan which would rejuvenate our growth drivers and transform the economy. In 2017, industry expects a reform- ist and visionary budget from the government. We would like to see a cut in corporate and personal income tax rates accompanied by higher public investments for which the resources will be made avail- able through various means such as disinvestment and asset recycling. The recent demonetisation of high value notes is expected to yield an increase in tax revenue as well as an increase in the tax base. Challenges such as slack domestic and global demand would need to be addressed, and urgent policy action is needed so that the economy can achieve a sustained and inclusive growth of around 8 per cent in the near future. On the domestic front, the contraction in industrial output in October 2016 is a matter of concern. How- ever, going forward, normal monsoons, which should improve rural demand, along with the lagged im- pact of interest rate reductions and 7th pay commission handouts are expected to cushion demand in the future and boost industrial activity. In a bright spot for the economy, both the inflation indices are ebbing down, providing relief to the policymakers. The softening of CPI and WPI inflation is attributed essentially to downward drift in the momentum of food prices assisted by favourable monsoon which has led to record food-grain output in the kharif season. The fall in prices could also be partly reflective of the demonetisation impact, which has led to lower demand in the economy due to a cash crunch. The moderate inflation scenario has rightly facilitated the RBI decision to retain the accommodative policy stance and will encourage RBI to further reduce rates. US Federal Reserve expectedly raised interest rate by 25 bps in first week of December 2016 ā its first (and only) rate hike in 2016 and the second since the monetary policy normalization cycle began in December 2015. The Federal Open Market Committee (FOMC) judged that in light of realized and expected labour market conditions, as well as the progress on the inflation front, it was deemed ap- propriate to hike the Fed Funds rate. Given the resumption of the normalisation process, future policy moves are likely to be dependent on incoming data prints, which will remain critical. Any expansionary fiscal stimulus from the incoming regime at the White House may spur inflation, and cause a faster pace of rate hikes than anticipated.
Mercer Capital's Value Focus: Real Estate Industry | Q3 2017 | Segment Focus:...Mercer Capital
Ā
The document summarizes residential real estate market trends in the third quarter of 2017. Key points include:
- Housing inventory remains low, constraining the market and putting upward pressure on home prices. New and existing home sales saw growth in the third quarter.
- Homeownership rates increased slightly in the third quarter from the prior year. New home construction rose significantly in September.
- Mortgage rates remain low by historical standards but increased in 2017 following Fed rate hikes.
- Commercial real estate prices and REIT returns showed modest growth in the third quarter, with industrial REITs performing strongest. M&A activity in real estate was flat compared to prior quarters.
Commercial Real Estate Market Trends - 2017cutmytaxes
Ā
The document summarizes commercial real estate market trends for the first quarter of 2017 according to a survey by the National Association of REALTORS. Key points include:
- Sales volume declined 4.4% year-over-year while prices rose 7.2%, indicating a tight market.
- Inventory shortage remained the top challenge.
- Leasing volume rose 2.3% quarter-over-quarter while rates increased 3.8% and concessions fell 11.1%.
- Financing availability returned as a top concern.
The economy in Romania grew more slowly in the first quarter of 2018 compared to the fourth quarter of 2017. GDP growth was 4% year-over-year in Q1 2018, down from 6.7% in Q4 2017. The budget deficit also increased in Q1 2018 to 0.5% of GDP due to higher spending outpacing revenue growth. Inflation is expected to stabilize later in 2018 and end the year around 3.6% as the central bank has raised interest rates three times in 2018 to cool the economy. Lending to households remains strong while corporate lending has slowed with the moderating economy.
JLL Global Market Perspective - November 2018Harrison West
Ā
Global real estate markets have exceeded expectations as we enter the final quarter of 2018, with investment and corporate occupier activity set to surpass 2017 and finish the year at their highest levels since 2007. However, there are signs that activity is slowing as we move into 2019 and volumes are likely to moderate next year.
Domestic demand continues to bolster Asia Pacific growth amid heightened global uncertainty. While overall regional office leasing activity slowed in Q3 2016, performance was uneven across markets with some cities like Australia seeing strong growth. Commercial real estate investment remains healthy across Asia Pacific supported by low interest rates and strong liquidity. Occupier and investment demand are expected to sustain momentum in 2017.
The quarterly macroeconomic report for Romania provides the following key points:
1) Third quarter GDP growth was 8.8% year-over-year, driven mainly by agriculture, industry, and trade. However, growth is expected to slow to 4% in 2018.
2) Inflation reached 3.3% in December and is expected to peak in the first quarter of 2018 before averaging 4% for the year. The central bank has begun tightening monetary policy in response.
3) The 2018 budget deficit is planned at 3% of GDP, which could continue weighing on investments in the short-term. However, public debt remains sustainable.
- China's manufacturing and services sectors continued expanding in March, with the manufacturing PMI rising to its highest level in almost 5 years and the non-manufacturing PMI reaching a two-year high.
- China's current account surplus neared $200 billion in 2016, though it declined significantly in the fourth quarter. Outbound M&A activity in the first two months of 2017 fell 52.8% year-on-year but was more rational.
- The document then provides updates on various industries in China, including plans by PetroChina to raise spending for the first time in 5 years, China's goal to lower leverage ratios in the steel sector to 60% in 3-5 years, and
E-UPDatesāA Monthly Statistical Bulletin of Economic IndicatorsEcofin Surge
Ā
Monthly statistical e-bulletin comprising a quick review of the economy and about 30 tables and some charts with the latest available economic/financial market indicators, both Indian and Global.
Commercial Real Estate Outlook - November 2010NAR Research
Ā
The document summarizes commercial real estate market conditions in the third quarter of 2010. It finds that while GDP growth was moderate, unemployment remained high, contributing to uncertainty. Commercial real estate fundamentals are expected to modestly improve in 2011, with rents continuing to decline and vacancies remaining elevated. Multifamily performance has been more resilient and is expected to lead the recovery in 2011.
Trends in international trade WTO report 2017-18 | International Trade | Ba...Sachin Paurush
Ā
Report on international trade in the world and their impact on the economy. This report has been published by World Trade Organisation (WTO) for 2017 - 2018 period.
Cushman & Wakefield Residential Market Commentary - May 2017Lee Layton
Ā
The document provides an economic overview and analysis of the UK residential property market. It finds that:
1) GDP growth is expected to slow down and bottom out in 2018, while inflation is already increasing. Interest rates are expected to remain on hold until 2019.
2) House prices nationally have remained flat in recent months, with transaction volumes subdued. New home construction continues to trend upward.
3) Prime central London property values and rents have fallen slightly in the past year, with transaction volumes volatile due to political events. Outer prime London markets have also experienced minor falls.
Strong fundamentals drive US dealmaking despite macro-economic and political uncertainties. First-half activity remains on a par with 2016 as strong fundamentals continue to drive M&A.
Though US M&A faced challenges in H1 2017, the figures show that the market is active and vibrant. There were 2,413 deals worth US$588.5 billion recorded in H1 2017, up 0.5 percent by value compared to US$585.4 billion registered in H1 2016. If activity continues at its current level, US dealmaking is on track for another strong year.
The SVB Asset Management Economic Report, Q2 2017, is a review of and outlook on economic factors that impact global markets and business health.
In this edition, the team discusses the U.K.ās Article 50 notice and the FOMCās current path towards normalization. The report also examines the Trump Administrationās first 100 days in office and current business sentiment.
Weeklyaccchemistryandeconomicreport24 february 2017sanjayshah99
Ā
- Existing and new home sales increased in January from the previous year, suggesting momentum in the housing industry at the start of the year. Existing home sales reached the highest level in 10 years.
- The ACC's Chemical Activity Barometer posted gains in February and January, indicating growth in U.S. business activity through the third quarter. All four core categories improved, with manufacturing activity also expanding.
- U.S. chemical production rose 0.5% in January, with gains across all regions. Compared to the previous year, production was down 0.6%, but the decline was smaller than in prior months.
Trump100 days- Implications for the Property Markets Guy Masse
Ā
PRESIDENT TRUMP'S ADMINISTRATION & ITS IMPLICATIONS FOR THE PROPERTY MARKETS
Measuring the success of a new Administration by its first 100 days is a tradition, and President Trump reaches his first key milestone with campaign promises to overhaul Washington and jump-start the economy. This special report provides a perspective on:
How key economic indicators (inflation, job growth) and commercial real estate are performing so far
The status of key policy proposals, including trade and defense
What to watch for beyond the first 100 days
Mercer Capital's Value Focus: Real Estate Industry | Q3 2016 | Segment Focus:...Mercer Capital
Ā
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Taiwan: Cross-border opportunities amid global changeWhite & Case
Ā
Disruptive forces continue to shape global markets, and Taiwanese businesses can take advantage of opportunities emerging amid these transformative trends.
Dejo esto por aquĆ.
Principales tendencias en el mundo de los negocios y macro econĆ³micas para este 2018, asĆ como de las principales categorĆas de compra.
Las principales tecnologĆas de vanguardia que afectarĆ”n el proceso de compras y su importancia de dicha funciĆ³n en la empresa.
The forthcoming Union Budget will be presented against the backdrop of heightened expecta- tions that the government would unravel reform-centric policies and action plan which would rejuvenate our growth drivers and transform the economy. In 2017, industry expects a reform- ist and visionary budget from the government. We would like to see a cut in corporate and personal income tax rates accompanied by higher public investments for which the resources will be made avail- able through various means such as disinvestment and asset recycling. The recent demonetisation of high value notes is expected to yield an increase in tax revenue as well as an increase in the tax base. Challenges such as slack domestic and global demand would need to be addressed, and urgent policy action is needed so that the economy can achieve a sustained and inclusive growth of around 8 per cent in the near future. On the domestic front, the contraction in industrial output in October 2016 is a matter of concern. How- ever, going forward, normal monsoons, which should improve rural demand, along with the lagged im- pact of interest rate reductions and 7th pay commission handouts are expected to cushion demand in the future and boost industrial activity. In a bright spot for the economy, both the inflation indices are ebbing down, providing relief to the policymakers. The softening of CPI and WPI inflation is attributed essentially to downward drift in the momentum of food prices assisted by favourable monsoon which has led to record food-grain output in the kharif season. The fall in prices could also be partly reflective of the demonetisation impact, which has led to lower demand in the economy due to a cash crunch. The moderate inflation scenario has rightly facilitated the RBI decision to retain the accommodative policy stance and will encourage RBI to further reduce rates. US Federal Reserve expectedly raised interest rate by 25 bps in first week of December 2016 ā its first (and only) rate hike in 2016 and the second since the monetary policy normalization cycle began in December 2015. The Federal Open Market Committee (FOMC) judged that in light of realized and expected labour market conditions, as well as the progress on the inflation front, it was deemed ap- propriate to hike the Fed Funds rate. Given the resumption of the normalisation process, future policy moves are likely to be dependent on incoming data prints, which will remain critical. Any expansionary fiscal stimulus from the incoming regime at the White House may spur inflation, and cause a faster pace of rate hikes than anticipated.
Mercer Capital's Value Focus: Real Estate Industry | Q3 2017 | Segment Focus:...Mercer Capital
Ā
The document summarizes residential real estate market trends in the third quarter of 2017. Key points include:
- Housing inventory remains low, constraining the market and putting upward pressure on home prices. New and existing home sales saw growth in the third quarter.
- Homeownership rates increased slightly in the third quarter from the prior year. New home construction rose significantly in September.
- Mortgage rates remain low by historical standards but increased in 2017 following Fed rate hikes.
- Commercial real estate prices and REIT returns showed modest growth in the third quarter, with industrial REITs performing strongest. M&A activity in real estate was flat compared to prior quarters.
Commercial Real Estate Market Trends - 2017cutmytaxes
Ā
The document summarizes commercial real estate market trends for the first quarter of 2017 according to a survey by the National Association of REALTORS. Key points include:
- Sales volume declined 4.4% year-over-year while prices rose 7.2%, indicating a tight market.
- Inventory shortage remained the top challenge.
- Leasing volume rose 2.3% quarter-over-quarter while rates increased 3.8% and concessions fell 11.1%.
- Financing availability returned as a top concern.
- REITs had a lackluster start to 2017, returning -0.6% in January and underperforming the S&P 500 by nearly 250 basis points.
- Fourth quarter earnings have been mixed and 2017 earnings guidance has been conservative as companies acknowledge uncertain economic outlook.
- Commercial property fundamentals remain solid and should exhibit operating income growth exceeding inflation in 2017, leading to positive earnings growth for REITs over the next few years.
Mercer Capital's Value Focus: Real Estate Industry | Q4 2016 | Segment Focus:...Mercer Capital
Ā
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Manhattan closed sales increased 2% year-over-year in 2Q17, while contracts signed decreased 8%. Median and average sale prices reached record highs of $1.193M and $2.163M respectively, up 8% and 7% from 2Q16. Inventory was nearly flat compared to last year, leading to a 11% rise in months of supply. Studio apartments saw the only decrease in average days on market, down 4% to 79 days on average, while other bedroom types increased over 25% in days on market.
Building Products and Materials Industry Insights - Q3 2017Duff & Phelps
Ā
The housing market remained strong in 1H 2017 as sales of new and existing homes reached their highest annual pace since 2007. A healthy economy, strong consumer confidence levels and low mortgage rates are driving buyer demand. While housing starts were up 3.9% in 1H 2017, the inventory of new and existing homes remained relatively unchanged from year end and both remain well below what is deemed a normal supply level of six months. The combination of low supply and strong buyer demand are pushing home prices to record highs. M&A activity continued at a brisk pace in 1H 2017; however, the number of transactions was down from 2H 2016, which recorded the highest level of M&A activity since the recession. Read the report for more detail on housing trends, public market performance and deal activity.
TORONTO REGIONAL REAL ESTATE BOARD's JUNE 2020 MARKET WATCH REPORTShawn Venasse
Ā
The GTA housing market saw strong recovery in June 2020 with home sales up 84% from May and average home prices rising 11.9% year-over-year. Detached and townhouse segments outside of Toronto saw particularly strong year-over-year growth in sales and prices. While new listings rose slightly, total active listings remained down 28.8% from a year ago due to strong demand, pointing to ongoing supply constraints in the market.
Rong Viet Securities - Investment Strategy Report April 2017Thomas Farthofer
Ā
Access to this presentation has been made possible through "Sao Bien. Room for Education", an Austrian-based non-profit organization and cooperation partner of Viet Dragon Securities.
Reprinted with the permission of Viet Dragon Securities. Not for US investors.
Rong Viet Securities - Investment Strategy Report November 2017Thomas Farthofer
Ā
In this month's report Rong Viet explains why "accumulating stocks in the fourth quarter, especially in November, leads to great possibility for investors to have high profit at the beginning of next year".
Access to this presentation has been made possible through "Sao Bien. Room for Education", an Austrian-based non-profit organization and cooperation partner of Viet Dragon Securities.
Reprinted with the permission of Viet Dragon Securities. Not for US investors.
Philippine Real Estate Market Insight Report - 3rd Quarter 2017: To Build or ...Bryan Barredo
Ā
The real estate market has been blisteringly active in the past five years or so. Margins north of 30% were doable especially right after the Philippines was rated as "investment grade" by a number of international rating agencies. There are sufficient reasons that the market, together with the general economy, is backed by real demand, but real estate developers cannot wantonly build and expect brisk sales and returns. As usual, Pinnacle Real Estate Consulting Services, Inc. evaluates macroeconomic indicators that directly impact on the real estate as well as supply-and-demand dynamics to answer the question of to build or not to build.
Based on reports, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo stated that massive urban migration and strong consumer power generated by dollar-earners like the overseas Filipinos workers (OFWs) and the Business Process Outsourcing (BPO) companies support the bullish foundation. By 2017, revenues from BPOs will reach US$25 billion revenues and OFW remittances will reach US$28 billion, generating a total of US $53 billion. This dollar income will be chasing after consumer favorites like houses, cars, and appliances.
Added to this will be the relatively high 1.9% annual population growth rate characterized by a young, employable population sector (with, therefore, low dependency ratio). Essentially, the stability of the industry is underpinned by demand outstripping supply. At present, the residential housing backlog is five million units and independent foreign-based forecasters peg the same 5.0 million supply gap even up to the year 2030. The BSP Deputy Governor says it will take the construction of 2,600 residential units every day to catch up and erase the backlog. Some argue this may not necessarily be true for the office types currently centered in Makati, Ortigas and the Fort Bonifacio areas.
TRREB reported 4,581 home sales in January 2020 ā up by 15.4 per cent compared to January 2019 and up by 4.8 per cent compared to December 2019.
āSteady population growth, low unemployment and low borrowing costs continued to underpin substantial competition between buyers in all major market segments,ā said TRREB President Michael Collins.
The average selling price in January was up by 12.3 per cent, driven by the detached houses & condominium apartments.
JLL Research - US_Investment_Outlook_-_Q4_2016Matt Berres
Ā
The document provides an overview and analysis of investment trends in the US commercial real estate market in Q4 2016. Key points include:
- Total US investment sales reached $432 billion in 2016, down 9.7% from 2015. Multifamily was the strongest sector with a 4.3% increase while retail and hotels declined the most.
- Secondary markets hit a record $113 billion in sales, driven by multifamily and retail investment. Dallas, Atlanta, Phoenix and Denver were top performing secondary markets.
- Interest rates rose significantly in Q4 2016 and are expected to continue climbing in 2017, putting pressure on real estate pricing. However, spreads remain healthy compared to prior peaks.
- Fund
Mercer Capital's Value Focus: Real Estate Industry | Q4 2017 | Segment Focus:...Mercer Capital
Ā
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Toronto Real Estate Board released this Outlook Report 2017. Interesting facts and analysis of what the year ahead will hold. What is impacting housing affordability and beyond.
Mercer Capital's Value Focus: Real Estate Industry | Q2 2016 | Segment Focus:...Mercer Capital
Ā
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Mercer Capital's Value Focus: Construction and Building Materials | Q1 2018 |...Mercer Capital
Ā
Mercer Capital's Construction Industry newsletter provides a broad range of specialized valuation and transaction advisory services to the construction industry, including residential, commercial, civil, paving, concrete, and more. Each issue includes a segment focus, market overview, mergers and acquisitions review, and more.
The document provides an executive summary of Toronto Real Estate Board's Market Year in Review & Outlook Report for 2017. It summarizes the key findings as follows:
1) 2016 saw record home sales in the Greater Toronto Area (GTA) driven by population growth, low mortgage rates, and strong demand, while limited inventory led to robust price growth. Foreign buyers represented a small minority (4.9%) of transactions.
2) In 2017, seller's market conditions are expected to continue with home sales forecasted between 104,500-115,500 and average home prices projected to rise 10-16% to between $800,000-$850,000. First-time buyers will remain the largest buyer group
Toronto Real Estate Board's MARKET YEAR IN REVIEW AND OUTLOOK REPORT 2017Shawn Venasse
Ā
In 2016, the GTA housing market saw record home sales of 113,133 transactions, an 11.8% increase over 2015. Strong demand and low inventory levels resulted in robust price growth throughout 2016. While foreign buyers represented a minimal 4.9% of transactions, domestic demand from factors like population growth, low mortgage rates, and economic growth drove the market. Listings declined in 2016, worsening an already tight supply situation and contributing to price increases.
Similar to Mercer Capital's Value Focus: Real Estate Industry | Q1 2017 | Segment Focus: U.S. Commercial Real Estate (20)
Mercer Capital's Bank Watch | September 2023 | The Interest Rate Environment ...Mercer Capital
Ā
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
Mercer Capital's Investment Management Industry Newsletter | Q2 2023 | Focus:...Mercer Capital
Ā
Mercer Capitalās Investment Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Mercer Capital's Bank Watch | July 2023 | Bank Impairment TestingMercer Capital
Ā
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
Mercer Capital's Value Focus: Transportation & Logistics | Q1 2023 |Mercer Capital
Ā
Mercer Capital's Transportation & LogisticsIndustry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, mergers and acquisitions review, and guideline public company metrics.
Mercer Capital's Value Mattersā¢ | Issue No. 1, 2023 Mercer Capital
Ā
Mercer Capital's Value Mattersā¢, addresses gift & estate tax, ESOP, buy-sell agreement, and transaction advisory topics of interest to estate planners and other professional advisors to business.
Mercer Capital - Corporate Finance in 30 Minutes Whitepaper.pdfMercer Capital
Ā
Corporate finance does not need to be a mystery. In this whitepaper, we distill the
fundamental principles of corporate finance into an accessible and non-technical
primer. Structured around the three key decisions of capital structure, capital
budgeting, and distribution policy, the guide is designed to assist family business directors and shareholders without a finance background make relevant and
meaningful contributions to the most consequential financial decisions all companies must make. Our goal with this whitepaper is to give family business directors
and shareholders a vocabulary and conceptual framework for thinking about strategic corporate finance decisions, allowing them to bring their perspectives and
expertise to the discussion.
Mercer Capital's Bank Watch | March 2023 | āIām Not Broke. Iām Just Not Liquid.āMercer Capital
Ā
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
Mercer Capital's Bank Watch | February 2023 | Themes from Bank Directorās 202...Mercer Capital
Ā
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
Mercer Capital's Investment Management Industry Newsletter | Q4 2023 | Focus:...Mercer Capital
Ā
Mercer Capitalās Investment Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Mercer Capital's Value Focus: Exploration and Production | Fourth Quarter 202...Mercer Capital
Ā
Mercer Capital's Energy Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes a macroeconomic trends, industry trends, and guideline public company metrics.
Mercer Capital's Bank Watch | December 2022 | Bank M&A 2022 - TurbulenceMercer Capital
Ā
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
Mercer Capital's Value Mattersā¢ | Issue No. 3, 2022|Mercer Capital
Ā
Mercer Capital's Value Mattersā¢, published 6 times per year, addresses gift & estate tax, ESOP, buy-sell agreement, and transaction advisory topics of interest to estate planners and other professional advisors to business.
Mercer Capital's Value Focus: Transportation & Logistics | Q3 2022 Mercer Capital
Ā
Mercer Capital's Transportation & LogisticsIndustry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, mergers and acquisitions review, and guideline public company metrics.
Mercer Capital's Bank Watch | November 2022 | Community Bank Loan Portfolios ...Mercer Capital
Ā
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
Mercer Capital's Investment Management Industry Newsletter | Q3 2022 | Focus:...Mercer Capital
Ā
Mercer Capitalās Investment Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Mercer Capital's Investment Management Industry Newsletter | Q2 2022 | Segmen...Mercer Capital
Ā
Mercer Capitalās Investment Management Industry newsletter is a quarterly publication providing perspective on valuation issues pertinent to asset managers, trust companies, and investment consultants.
Mercer Capital's Bank Watch | October 2022 | How Are Tech-Forward Banks Perfo...Mercer Capital
Ā
Brought to you by the Financial Institutions Team of Mercer Capital, this monthly newsletter is focused on bank activity in five U.S. regions. Bank Watch highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions, providing insight into financial institution valuation issues.
Mercer Capital's Value Focus: Transportation & Logistics | Q2 2022 | Feature...Mercer Capital
Ā
Mercer Capital's Transportation & LogisticsIndustry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, mergers and acquisitions review, and guideline public company metrics.
CRYPTOCURRENCY REVOLUTIONIZING THE FINANCIAL LANDSCAPE AND SHAPING THE FUTURE...itsfaizankhan091
Ā
Cryptocurrency, a digital or virtual form of currency that uses cryptography for security, has revolutionized the financial landscape. Originating with Bitcoin's inception in 2009 by the pseudonymous Satoshi Nakamoto, cryptocurrencies have grown from niche curiosities to mainstream financial instruments, reshaping how we think about money, transactions, and the global economy.
The birth of Bitcoin marked the beginning of the cryptocurrency era. Unlike traditional currencies issued by governments and controlled by central banks, Bitcoin operates on a decentralized network using blockchain technology. This technology ensures transparency, security, and immutability of transactions, fundamentally challenging the centralized financial systems that have dominated for centuries.
Bitcoin was conceived as a peer-to-peer electronic cash system, aimed at providing an alternative to the traditional banking system plagued by inefficiencies, high fees, and lack of transparency. The underlying blockchain technology, a distributed ledger maintained by a network of nodes, ensures that every transaction is recorded and cannot be altered, thus providing a secure and transparent financial system.
June 20, 2024
CRYPTOCURRENCY: REVOLUTIONIZING THE FINANCIAL LANDSCAPE AND SHAPING THE FUTURE
Cryptocurrency: Revolutionizing the Financial Landscape and Shaping the Future
Cryptocurrency, a digital or virtual form of currency that uses cryptography for security, has revolutionized the financial landscape. Originating with Bitcoin's inception in 2009 by the pseudonymous Satoshi Nakamoto, cryptocurrencies have grown from niche curiosities to mainstream financial instruments, reshaping how we think about money, transactions, and the global economy.
#### The Genesis of Cryptocurrency
The birth of Bitcoin marked the beginning of the cryptocurrency era. Unlike traditional currencies issued by governments and controlled by central banks, Bitcoin operates on a decentralized network using blockchain technology. This technology ensures transparency, security, and immutability of transactions, fundamentally challenging the centralized financial systems that have dominated for centuries.
Bitcoin was conceived as a peer-to-peer electronic cash system, aimed at providing an alternative to the traditional banking system plagued by inefficiencies, high fees, and lack of transparency. The underlying blockchain technology, a distributed ledger maintained by a network of nodes, ensures that every transaction is recorded and cannot be altered, thus providing a secure and transparent financial system.
#### The Proliferation of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies, or altcoins, have emerged. Each of these altcoins aims to improve upon Bitcoin or serve specific purposes within the digital economy. Notable examples include Ethereum, which introduced smart contracts ā self-executing contracts with the terms of the agreement
Forensic Accounting, Tax Fraud and Tax Evasion in Nigeria ā Review of Literatures and
Matter for Policy Consideration
Being a Retreat (Pre-Induction) Paper Presented at the Association of National Accountants of Nigeria (ANAN) House, Abuja on Tuesday March 5, 2024.
Heather Elizabeth HamoodHeather Elizabeth Hamoodheatherhamood
Ā
Heather Hamood is a Licensed Physician who enjoys playing the Violin in her spare time. In addition to helping people as a Doctor, she loves to share her passion for the violin.
5 Compelling Reasons to Invest in Cryptocurrency NowDaniel
Ā
In recent years, cryptocurrencies have emerged as more than just a niche fascination; they have become a transformative force in global finance and technology. Initially propelled by the enigmatic Bitcoin, cryptocurrencies have evolved into a diverse ecosystem of digital assets with the potential to reshape how we perceive and interact with money.
Call Girls Jabalpur 8824825030 Escort In Jabalpur service 24X7
Ā
Mercer Capital's Value Focus: Real Estate Industry | Q1 2017 | Segment Focus: U.S. Commercial Real Estate
1. www.mercercapital.com
First Quarter 2017
U.S. Commercial Real Estate 1
Macro Indicators 2
Industry Performance and
MA Activity 5
Publicly Traded Companies 8
Hospitality 8
Residential 10
Healthcare 11
Commercial Real Estate 15
About Mercer Capital 21
VALUE FOCUS
REAL ESTATE
Sector Focus: U.S. Commercial Real Estate