SVN ECONOMIC UPDATE – FEBRUARY 6, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. FOMC INTEREST RATE DECISION The FOMC left its benchmark federal funds rate unchanged at its January policy meeting as improving inflation and consumer expectations data has reduced […]
Land Development Series: Step 8
Final Inspections and Occupancy As the land development process comes to a close, there are a few details to wrap up. Final inspections and occupancy are critical stages in the land development process, ensuring that the project meets regulatory standards and is ready for use. Here’s an overview of the process: Preparation for Final Inspections: […]
SVN ECONOMIC UPDATE – JANUARY 26, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. GDP Real US GDP expanded at a 3.3% annualized rate during Q4 of 2023, according to the advanced estimate from the US Bureau of Economic Analysis. The […]
Land Development Series: Step 7
Marketing The Property for Sale or For Lease After construction has been completed, the next step may be that the owner of the property takes occupancy. However, in many cases the owner takes only some of the space, or is acting as an investor and will market the property for sale or lease (or both!) […]
Land Development Series: Step 6
Construction During the long process of land development, many steps happen with very little visible impact to the property itself. By the time construction starts, many things have happened, and most like a number of months have passed as well. Seeing the official breaking of ground happen as construction kicks off is always a big […]
SVN ECONOMIC UPDATE – JANUARY 5, 2024
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. DECEMBER JOBS REPORT US nonfarm payrolls increased by 216,000 in December, above November’s growth of 173,000 jobs and exceeding the consensus estimate of 170,000 according to the […]
SVN ECONOMIC UPDATE – DECEMBER 22, 2023
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. 2024 US MULTIFAMILY OUTLOOK According to a recent forecast by Yardi Matrix, the US multifamily sector faces a mixed outlook in 2024. While apartments have performed relatively […]
Land Development Series: Step 5
Infrastructure Development After you have completed the previous 4 steps that we have covered already (Economic Feasibility Study and Site Assessment, Acquisition and Financing, Conceptualization and Design, and Zoning, Subdivision, Land Development, and other Ordinances), the next step is preparing the site for construction. This preparation iinvolves developing necessary infrastructure such as roads, utility connections, […]
Land Development Series: Step 4
Zoning, Subdivision and Other Ordinances Land development is a complex process that requires careful navigation through a myriad of regulations and approvals from various governing bodies. Whether you’re planning to build a residential community, commercial complex, or industrial park, understanding the intricacies of obtaining approvals is crucial. This article provides a comprehensive guide to help […]
SVN ECONOMIC UPDATE – DECEMBER 8, 2023
The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area. 1. INFLATION AND FALLING ENERGY PRICES The latest PCE price index rose in line with consensus expectations in October, but the divergence between the core and headline numbers […]
