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May 16, 2012
The Numbers: Unemployment Rate Falls; Consumer Confidence Increases Slightly

CHICAGO — While the unemployment rate went down slightly, job growth slowed noticeably

WHILE JOB GROWTH SLOWED for the month of March, with the market adding only 121,000 private-sector jobs, the unemployment rate fell to 8.2%, according to the U.S. Department of Labor.

“We’ve added nearly half a million manufacturing jobs since February 2010,” says Secretary of Labor Hilda L. Solis. “We cannot rest on our laurels and expect to coast our way back to prosperity.”

The figures from the Bureau of Labor Statistics show little change from January to February, with 3.6 million job openings, a hires rate of 3.3% and a separations rate of 3.1%. Compared with the 4.3 million job openings when the recession began in December 2007, the current rate has increased 46% since the end of the recession in June 2009.

November 1, 2011
Slowdown Impacts Real Estate Markets, But Improvements Seen

WASHINGTON — Commercial real estate vacancy rates are flat and projections for growth have been moderated because economic growth and job creation have been weaker than expected, but modest improvements are expected over the coming year, according to the National Association of Realtors®. The weakening economy will slow the growth in demand for space, says Chief Economist Lawrence Yun.

Looking at vacancy rates from the third quarter of this year to the third quarter of 2012, NAR forecasts vacancies to decline 0.3 percentage point in the office sector, 0.6 point in industrial real estate, 0.7 point in the retail sector and 0.9 percentage point in the multifamily rental market.

November 30, 2010
Commercial Real-Estate Market Improving, Economists Say

NEW ORLEANS — While still experiencing challenges, the commercial real-estate market could see signs of steady improvement in the near future, specifically concerning lending, according to two economists addressing the 2010 Realtors Conference & Expo here.

National Association of Realtors (NAR) Chief Economist Lawrence Yun and Hugh Kelly, clinical professor of real estate at New York University Schack Institute of Real Estate, shared their predictions surrounding the commercial market, indicating a slight improvement in commercial lending.

September 10, 2010
Commercial Real Estate Market Remains Soft

WASHINGTON, D.C. — If you’re considering adding a new location, now may be the time, according to the National Association of Realtors (NAR). Commercial real estate sectors, hurt by weak job growth, are offering incentives in many areas that are conducive to business expansion.

March 31, 2009
Commercial Real Estate Activity Will Continue to Decline, Report Says

WASHINGTON — The real estate market will continue to decline in 2009 thanks to a sustained lack of credit and the economic slump, according to a forward-looking index and forecast for commercial real estate sectors published by the National Association of Realtors (NAR).