SVN® International Corp. Economic Update – Keeping our clients up-to-date about the latest real estate landscape trends.
In September 2024, the U.S. labor market added 254,000 jobs, exceeding expectations, while the Federal Reserve cut interest rates by 50 basis points, signaling economic flexibility. Inflation rose by 2.4%, primarily driven by shelter and food costs, while construction spending saw a continued decline. Commercial real estate showed cautious optimism, especially in multifamily sectors, as capital deployment plans increased. Meanwhile, geopolitical risks remain high, and the logistics sector experienced its largest growth in two years, signaling increased demand and activity in the supply chain.
Click below to keep reading about the latest updates including construction spending, home insurance premiums, and more!
