It's good job security to be a crane operator in most American metros these days, with the U.S. construction pipeline at or near peak levels across most commercial property types.
At nearly 40 million square feet of construction starts so far, the first half of 2017 has easily surpassed total office starts for all of 2015 and is running ahead of the pace of last year's cyclical peak of 76 million square feet. In Chicago alone, 10 office and residential projects valued at $1 billion or greater are under construction or in the development pipeline.
Many of these projects are large mixed-use developments near the urban core that include significant portions of multifamily, retail and entertainment, while others, like Chicago's 94-story Vista Tower, are standalone residential and hotel projects.
"Over the past month we've seen continued uncertainty as it relates to legislative policies that stand to impact small businesses," said Martin Mucci, Paychex president and CEO. "The decline in this month's index and modest growth in wages seem to reflect an unclear regulatory picture combined with a narrowing labor market."Click here to download a pdf of this article, Missile.pdf
"In the world of bank regulation there are still two parallel universes: one where bank bailouts are frowned upon as an abuse of taxpayers' money, and another where bank bailouts are considered as a politically more expedient and cheaper way of solving banking crisis," said Christian Stiefmueller, a senior policy analyst at the independent watchdog Finance Watch in Brussels. "These two sets of rules are not compatible."Click here to download a pdf of this article, Missile.pdf
"The Fed can afford to wait and see what comes out of the political process," said Bullard, who admitted he has retreated from his formerly more hawkish stance.
"Some of (President Donald Trump's) policies can provide growth but they've got to get them through congress," he explained.
If you apply the insights of the literature on disruptive innovation, last week’s fall in oil prices could well place members of the Organization of Petroleum Exporting Countries in a tough spot, and not just in the short term. Cost-cutting innovations in shale are weakening their grasp of energy market dynamics. Their prospects increasingly depend less on what they can do on the supply side and more on what they can hope for on the demand side.Click here to download a pdf of this article, Missile.pdf
The cost of housing has gotten so expensive that Representative Jason Chaffetz (R-Utah) thinks that a monthly subsidy of $2,500 would help ease the burden — for members of Congress.
The top four most-challenging places to add new apartments are all coastal markets: Honolulu, Boston, Baltimore and Miami. Somewhat surprisingly, Memphis was ranked as the fifth most challenging, according to the research conducted by Hoyt Advisory Services (HAS) and commissioned by the NAA and NMHC. Six California cities were also listed among the markets considered more challenging to construct new apartments.Click here to download a pdf of this article, Missile.pdf
A Republican senator is building support to change budget rules in order to make temporary tax cuts last for two decades or more, but he has yet to convince a critical figure -- House Speaker Paul Ryan.
Currently, reconciliation rules require that any changes that would add to the deficit outside a 10-year window must be set to expire.
With nearly 39 million Americans now living in apartments, the industry has quickly exceeded capacity, with a record average of 1 million new renter households formed annually over the last four years, the study notes.Click here to download a pdf of this article, 28445.pdf
House Speaker Paul Ryan is warning against watering down the sweeping overhaul of the nation's tax code he laid out a year ago and will call on Washington to enact permanent reforms this year.Click here to download a pdf of this article, Missile.pdf
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