SVN ECONOMIC UPDATE – FEBRUARY 23, 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. INFLATION According to the Bureau of Labor Statistics, the Consumer Price Index rose 0.3% month over month in January and 3.1% annually. The monthly pace of CPI […]
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 […]
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 […]
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 […]
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 […]
SVN ECONOMIC UPDATE – NOVEMBER 24, 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. CPI INFLATION The Consumer Price Index (CPI) fell to 3.2% year-over-year in October, 50 basis points below the September reading, and follows two consecutive increases in annual […]
SVN ECONOMIC UPDATE – NOVEMBER 9, 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.WEWORK BANKRUPTCY, CRE IMPACT On November 6th, co-working trailblazer WeWork filed for Chapter 11 bankruptcy, bringing additional unease to an office sector battered from the residual effects of […]
SVN ECONOMIC UPDATE – OCTOBER 27, 2023
The Consumer Price Index rose 3.7% year-over-year and 0.6% month-over-month in August, its largest monthly increase this year, according to Wednesday’s release by the Bureau of Labor Statistics…
SVN ECONOMIC UPDATE – OCTOBER 13, 2023
The Consumer Price Index rose 3.7% year-over-year and 0.6% month-over-month in August, its largest monthly increase this year, according to Wednesday’s release by the Bureau of Labor Statistics…
