Ten years of job growth were wiped out in one month, when 20.8 million jobs were lost in April 2020. In comparison, a total of 8.7 million jobs were lost during the Great Recession. The economy added back 1.8 million jobs in July 2020, marketing the third consecutive month of jobs gains, yet remained 12.8 million jobs below the pre-pandemic level.
Did you know total nonfarm payroll employment fell by 701,000 in March 2020, measuring the effects of COVID-19 and efforts to contain it? Employment in leisure and hospitality fell by 459,000, mainly in food services and drinking places. Notable declines also occurred in health care and social assistance, professional and business services, retail trade, and construction.
2020 Economic Review Final: An Annual Review of New Jersey's EconomyNicoleMSandelier
2020 was a year unlike any other we’ve experienced during our lifetime. The novel coronavirus pandemic caused havoc on New Jersey’s public health and economy. The pandemic caused government-mandated, nonessential business closures and stay-at-home orders that were in effect from mid-March to mid-June 2020 in the Garden State with many businesses continuing to operate at restricted capacity through year end.
➢ This resulted in record high unemployment rates and record contraction in GDP.
➢ Small businesses were devastated and many were forced to shut their doors, either temporarily or permanently.
➢ Early data indicates that the pandemic had a disproportional impact on minority workers and workers of color.
➢ In total, over 1.9 million people filed unemployment claims and received more than $20 billion in unemployment benefits.
➢ Personal income increased despite record high unemployment, due to state unemployment benefits, extended benefits, and federal stimulus monies.
The goal of this research is to provide readers with a detailed review of key statistics on New Jersey’s economic activity, otherwise known as economic indicators. These indicators help to judge the overall health of an economy. Many sources have yet to report 2020 data, including the U.S. Census Bureau. As such, this is a working document that will be modified to include statistics relating to race, gender and households when updated data becomes available.
Total nonfarm payroll employment increased by 128,000 jobs in October. Job growth has averaged 167,000 per month thus far in 2019, compared with an average monthly gain of 223,000 in 2018. Employment declined in motor vehicles and parts manufacturing due to strike activity. Federal government employment was also down, reflecting a drop in the number of temporary jobs for the 2020 Census.
Arbor Realty's U.S. Economic Overview for 2018 q4 with insights on U.S. employment growth, the consumer price index, average earnings and the homeownership rate.
Euromonitor International Analytics offers precise
answers to vital business questions in an increasingly
fast-paced and uncertain world. Our Macro
Model provides regularly updated forecasts and
“what-if” scenarios for core macroeconomic
variables, including real gdp growth, inflation,
unemployment and interest rate. Its global
scope ensures our macro forecasts and scenarios
reflect the economically inter-connected world in
which we live.
The Global Economic Forecasts report explains
the quarterly updates of the Macro Model, with
analysis focused on quarterly macro changes for the
world’s key economies and what these mean
to our view of the likely, optimistic and pessimistic
scenarios for the global economy. Ultimately, we help
businesses stay ahead of risks and opportunities as
they emerge on a macroeconomic basis.
The global economy started 2017 strong with real
gdp growth gaining momentum and rising to 3.6%
in q1 2017. We have maintained our global real
gdp growth forecast at 3.5% for 2017-2018. Despite
standing above the annual 3.2% growth in 2016,
the forecast is still considerably below the pre-crisis
growth levels.
Did you know the U.S. Census Bureau reported that the homeownership rate reached 64.6% at the end of 2018, the highest level since the third quarter of 2014? Increasing millennial demand was one of the biggest trends influencing the housing market. We complied an overview of US economic trends for Q1 2019.
Did you know total nonfarm payroll employment fell by 701,000 in March 2020, measuring the effects of COVID-19 and efforts to contain it? Employment in leisure and hospitality fell by 459,000, mainly in food services and drinking places. Notable declines also occurred in health care and social assistance, professional and business services, retail trade, and construction.
2020 Economic Review Final: An Annual Review of New Jersey's EconomyNicoleMSandelier
2020 was a year unlike any other we’ve experienced during our lifetime. The novel coronavirus pandemic caused havoc on New Jersey’s public health and economy. The pandemic caused government-mandated, nonessential business closures and stay-at-home orders that were in effect from mid-March to mid-June 2020 in the Garden State with many businesses continuing to operate at restricted capacity through year end.
➢ This resulted in record high unemployment rates and record contraction in GDP.
➢ Small businesses were devastated and many were forced to shut their doors, either temporarily or permanently.
➢ Early data indicates that the pandemic had a disproportional impact on minority workers and workers of color.
➢ In total, over 1.9 million people filed unemployment claims and received more than $20 billion in unemployment benefits.
➢ Personal income increased despite record high unemployment, due to state unemployment benefits, extended benefits, and federal stimulus monies.
The goal of this research is to provide readers with a detailed review of key statistics on New Jersey’s economic activity, otherwise known as economic indicators. These indicators help to judge the overall health of an economy. Many sources have yet to report 2020 data, including the U.S. Census Bureau. As such, this is a working document that will be modified to include statistics relating to race, gender and households when updated data becomes available.
Total nonfarm payroll employment increased by 128,000 jobs in October. Job growth has averaged 167,000 per month thus far in 2019, compared with an average monthly gain of 223,000 in 2018. Employment declined in motor vehicles and parts manufacturing due to strike activity. Federal government employment was also down, reflecting a drop in the number of temporary jobs for the 2020 Census.
Arbor Realty's U.S. Economic Overview for 2018 q4 with insights on U.S. employment growth, the consumer price index, average earnings and the homeownership rate.
Euromonitor International Analytics offers precise
answers to vital business questions in an increasingly
fast-paced and uncertain world. Our Macro
Model provides regularly updated forecasts and
“what-if” scenarios for core macroeconomic
variables, including real gdp growth, inflation,
unemployment and interest rate. Its global
scope ensures our macro forecasts and scenarios
reflect the economically inter-connected world in
which we live.
The Global Economic Forecasts report explains
the quarterly updates of the Macro Model, with
analysis focused on quarterly macro changes for the
world’s key economies and what these mean
to our view of the likely, optimistic and pessimistic
scenarios for the global economy. Ultimately, we help
businesses stay ahead of risks and opportunities as
they emerge on a macroeconomic basis.
The global economy started 2017 strong with real
gdp growth gaining momentum and rising to 3.6%
in q1 2017. We have maintained our global real
gdp growth forecast at 3.5% for 2017-2018. Despite
standing above the annual 3.2% growth in 2016,
the forecast is still considerably below the pre-crisis
growth levels.
Did you know the U.S. Census Bureau reported that the homeownership rate reached 64.6% at the end of 2018, the highest level since the third quarter of 2014? Increasing millennial demand was one of the biggest trends influencing the housing market. We complied an overview of US economic trends for Q1 2019.
Japan vs. US comparison on numerous dimensionsGaetan Lion
This study compares Japan vs. the US on numerous dimensions including demographics (including health and education), and economics (including monetary and fiscal policies). This is to observe when Japan and the US trends are likely to converge over time.
Will Stock Markets survive in 200 years?Gaetan Lion
This study uncovers 11 international stock markets that are already running into existing and prospective demographic and economic growth constraints. This study evaluates their respective fragile long term viability and the implications this has for the investors in such countries.
Summary The global economic situation
The pandemic caused by Covid 19 and the subsequent health and economic impact led to a 3 3 fall in global GDP in 2020 with China being the only major economy to register positive growth 2 3 After a year of the pandemic, a high level of uncertainty remains about how the future will pan out in both pidemiological and economic terms With good progress in the vaccination
programs and the stimulus measures, a return of confidence is expected, as well as the disappearance of any mobility and activity restrictions This, in turn, should lead to an upturn in growth which, according to the IMF, will reach 6 provided that any virus variants and doubts on the efficiency and safety of the vaccines do not dampen these expectations Recovery will be uneven among countries and in good measure it will depend on their productive structures Those with economies dependent on tourism and
sectors that require greater social contact will feel the negative effects of the crisis for longer
May 2015 - Getting productivity back on trackFGV Brazil
Brazil’s growth will not resume without policies to make Brazilian business more productive. The end of the first quarter was marked by the realization that tight monetary and fiscal policies may take time to correct the economy’s imbalances and that high inflation and low growth may last longer than hoped.
The Brazilian Economy is one of the oldest publications for expert economic analysis of both the Brazilian and international economies. Through this publication, FGV’s Brazilian Institute of Economics and Finance (FGV/IBRE) compares different periods of the economy, assessing both macroeconomic considerations and scenarios related to finance, administration, marketing, management, insurance, statistics, and price indices.
For more information, and Brazilian economic index results, visit: http://bit.ly/1EA1Loz
Simplify Markets explains the forces affecting Canberra’s property market, along with how they are perceived through an agents experience working with vendors and buyers.
Swiss Re sigma 3/2019: World insurance: the great pivot east continuesΔρ. Γιώργος K. Κασάπης
Global insurance premium volumes passed a new benchmark high of USD 5 trillion in 2018. Global life premium growth was weak, but there was solid performance in non-life in 2018.
The central narrative of this year's annual world insurance sigma is the continued rise of the emerging markets, mostly emerging Asia and China in particular, as the main drivers of industry growth. From 11% in 2018, China's share of global premiums will rise to 20% by 2029. China remains on course to become the world's biggest insurance market by mid-2030s. The whole of Asia-Pacific will account for 42% of the global premiums by 2029.
Swiss Re Institute forecasts close to 3% global premium growth in real terms per annum in 2019/20, against a slowing but still positive economic backdrop. Advanced market premiums will grow by 1.5%, and emerging markets by 7.9%. China will be the largest contributor, in both life and non-life. Overall, however, the advanced markets will still provide almost half of additional premiums in absolute terms in the next two years.
This article about study of current situation of economy and pandemic impact ob global economy. How long it will take to recover with the quote of GDP growth and Service PMI of key nations.
This article about study of current situation of economy and pandemic impact on global economy. How long it will take to recover with the quote of GDP growth and Service PMI of key nations.
Japan vs. US comparison on numerous dimensionsGaetan Lion
This study compares Japan vs. the US on numerous dimensions including demographics (including health and education), and economics (including monetary and fiscal policies). This is to observe when Japan and the US trends are likely to converge over time.
Will Stock Markets survive in 200 years?Gaetan Lion
This study uncovers 11 international stock markets that are already running into existing and prospective demographic and economic growth constraints. This study evaluates their respective fragile long term viability and the implications this has for the investors in such countries.
Summary The global economic situation
The pandemic caused by Covid 19 and the subsequent health and economic impact led to a 3 3 fall in global GDP in 2020 with China being the only major economy to register positive growth 2 3 After a year of the pandemic, a high level of uncertainty remains about how the future will pan out in both pidemiological and economic terms With good progress in the vaccination
programs and the stimulus measures, a return of confidence is expected, as well as the disappearance of any mobility and activity restrictions This, in turn, should lead to an upturn in growth which, according to the IMF, will reach 6 provided that any virus variants and doubts on the efficiency and safety of the vaccines do not dampen these expectations Recovery will be uneven among countries and in good measure it will depend on their productive structures Those with economies dependent on tourism and
sectors that require greater social contact will feel the negative effects of the crisis for longer
May 2015 - Getting productivity back on trackFGV Brazil
Brazil’s growth will not resume without policies to make Brazilian business more productive. The end of the first quarter was marked by the realization that tight monetary and fiscal policies may take time to correct the economy’s imbalances and that high inflation and low growth may last longer than hoped.
The Brazilian Economy is one of the oldest publications for expert economic analysis of both the Brazilian and international economies. Through this publication, FGV’s Brazilian Institute of Economics and Finance (FGV/IBRE) compares different periods of the economy, assessing both macroeconomic considerations and scenarios related to finance, administration, marketing, management, insurance, statistics, and price indices.
For more information, and Brazilian economic index results, visit: http://bit.ly/1EA1Loz
Simplify Markets explains the forces affecting Canberra’s property market, along with how they are perceived through an agents experience working with vendors and buyers.
Swiss Re sigma 3/2019: World insurance: the great pivot east continuesΔρ. Γιώργος K. Κασάπης
Global insurance premium volumes passed a new benchmark high of USD 5 trillion in 2018. Global life premium growth was weak, but there was solid performance in non-life in 2018.
The central narrative of this year's annual world insurance sigma is the continued rise of the emerging markets, mostly emerging Asia and China in particular, as the main drivers of industry growth. From 11% in 2018, China's share of global premiums will rise to 20% by 2029. China remains on course to become the world's biggest insurance market by mid-2030s. The whole of Asia-Pacific will account for 42% of the global premiums by 2029.
Swiss Re Institute forecasts close to 3% global premium growth in real terms per annum in 2019/20, against a slowing but still positive economic backdrop. Advanced market premiums will grow by 1.5%, and emerging markets by 7.9%. China will be the largest contributor, in both life and non-life. Overall, however, the advanced markets will still provide almost half of additional premiums in absolute terms in the next two years.
This article about study of current situation of economy and pandemic impact ob global economy. How long it will take to recover with the quote of GDP growth and Service PMI of key nations.
This article about study of current situation of economy and pandemic impact on global economy. How long it will take to recover with the quote of GDP growth and Service PMI of key nations.
CRFB_Fiscal Policy in High Inflation.pptxCRFBGraphics
This slide deck was used by Marc Goldwein, Senior Vice President and Senior Policy Director for the Committee for a Responsible Federal Budget, during a recent presentation on inflation and fiscal policy
2020 ends with a world economic contraction above 4%, the biggest GDP decrease since World War 2. Among developed nations, growth comes to a standstill after the renewal of activity in Q3 as a result of the surge in cases and the movement restrictions. Services, especially those related to the hotel and leisure industry, experience the biggest losses. On the other hand, industry is advancing at a steady rhythm as international trade is reactivated.
In the US, the perspectives appear to indicate that the economy will register positive growth in Q4 2020, in spite of the recent surge in Covid-19 cases. In this context, the Fed has improved its growth forecasts and has announced that it will maintain its stimulus policy until there are improvements in employment and inflation reaches the target levels in the medium- to long-term (most likely at the end of 2022).
In the Eurozone, where restrictions have been tighter, a new contraction in GDP in Q4 is expected. Also, the outlook for Q1 2021 indicates that economic activity will not experience any significant growth, in spite of the vaccination campaigns in place by a variety of governments in member states.
In emerging economies, although a slight recovery is expected due to the reactivation of trade and the increase in prices for raw materials, different levels of performance can be observed. China, with the spread of the virus under control, is the country with the best economic data among the main powers. Other Asian economies such as Taiwan or Vietnam forecast annual growth rates close to 2% for 2020. On the other hand, India’s economy has slumped, with a decrease of -7.4%. In South America, the lack of control caused by the pandemic has added to several structural issues that are dragging down some economies (high levels of debt and unemployment), all of which is conditioning future recovery.
Economic situation summary
The uncertainty surrounding the spread of Covid 19 is significantly conditioning economic agents’ expectations for the coming years In this context, most international organizations (the IMF, OECD, World Bank and European Commission) project a contraction of GDP above 3 yearly for 2020 and warn of risks such as rising unemployment and a possible spike in inflation above 2 in some economies, and a future increase of debt as a result of the fiscal and monetary stimulus packages That said, these organizations also point out that without these expansionary measures, the economic recession would have been a lot worse.
In developed countries the gradual reactivation of the economy began in May with the easing of movement restrictions to contain the spread of the virus In the US the Fed improved its growth forecasts, envisioning a smaller decrease in GDP 3 4 yearly vs 6 5 previously), and revised its monetary policy goals with a more direct monitoring on the job creation objective In the Eurozone economic sentiment improved as the ECB continued its monetary stimulus plan, and the European Commission finalized details of a European recovery fund of 750 000 million.
In most emerging markets the spread of the virus continues to lower the expectations of economic agents, in some cases intensifying the structural risks to these economies (debt sustainability, unemployment In India and Brazil two of the countries most affected by the pandemic, GDP is forecast to contract in 2020 by 10 2 and 6 5 yearly and respectively In China the curve representing new cases seems to be under control, and economic activity has rebounded strongly in the second half of 2020 creating a V shaped recovery.
The macroeconomic outlook following the COVID-19 pandemic is gloomy, ranging between 3-10% in GDP decline for 2020. Recovery will depend heavily on how fast consumer confidence, employment and global trade can rebound. As a business leader, understanding how the macro outlook will impact your business is critical – especially if you are exposed to export markets.
In this short webinar, we will present the latest views on both global and Scandinavian macroeconomic outlooks, including scenarios to consider in the short, mid and long term, as well as a practical macro toolkit for evaluating your company’s exposure to key economic factors.
IMF World Economic Outlook - April 2020 (as updated by June 2020 Forecast)DVSResearchFoundatio
Key Takeaways:
- Global Prospects and Policies
- Deep Downturn in 2020 and Uncertain Recovery in 2021
- Policy Tracker on Responses to COVID-19
- Commodity Market Development and Forecasts
- Global Government Debt and Fiscal Deficits
http://pwc.to/1cpYR81
En octobre, les décideurs de partout dans le monde se sont réunis à Washington DC pour faire le bilan des perspectives économiques mondiales. Pour la première fois depuis 2010, le pronostic d’une reprise soutenue pour les économies développées devrait être positif.
BOND Capital is a global technology investment firm that supports visionary founders throughout their life cycle of innovation & growth. BOND’s founding partners have backed industry pioneers such as DocuSign, Peloton, Spotify, Square & Uber.
by Mary, Noah, Mood, Juliet, Daegwon, Paul & the BOND Team.
Small Apartment Properties Form Core of Workforce Rental Demand In the Top M...Ivan Kaufman
Small apartment buildings comprise the largest share of workforce housing demand within the top 20 metros, while single-family rentals dominate the next 30.
Workforce Rental Demand Growing Faster In Smaller Metros Ivan Kaufman
Workforce rental housing demand has increased the most in the smaller metros where apartment properties - both small and large - are increasing their shares of this demand segment.
The Changing Occupational Profile of Workforce Segment Renters Ivan Kaufman
Workforce segment renters living in small apartment properties are adapting to the changing economy, while also representing a board occupational base.
Single-Family Rentals | Q2 2020 | Arbor Realty Trust, Inc. Ivan Kaufman
The growing acceptability and adoption of work-from-home setups are framing housing decisions across the board, boosting demand for exurban housing options. However, as many of the accommodative features in the CARES act expire, the likelihood of increased tenant performance issues in the coming months remain high. All else equal, while the single-family rental sector will continue to work some COVID-related performance issues, it is as well insulated as any residential product type over the medium term.
Multifamily Properties Capture Largest Share of Overall U.S. Workforce Housin...Ivan Kaufman
Multifamily properties capture the largest share of the overall U.S. workforce rental demand, while single-family rentals are the largest individual asset class.
Arbor Small Multifamily Report Q1 2020Ivan Kaufman
The nation’s rental market has a total of 41.9 million renter-occupied housing units as of 2018, according to the U.S. Census Bureau’s latest American Community Survey. Small multifamily, which includes apartment properties of 5 to 49 units, represented 33% (13.7 million units) of the total rental market.
Arbor Single Family Rentals Report 2020 Q1Ivan Kaufman
Unsurprisingly, COVID-19 is the unavoidable and overarching theme across all areas of commercial real estate - the singe family rental (SFR) sector is no exception.
Fewer Households Cost Burdened in Small Apartment AssetsIvan Kaufman
Data on the extent of housing-cost burden shows that relatively fewer households in small apartment properties are impacted severely by rental expenses.
Small Apartment Properties Pack Value For Money with More Space in Urban Adja...Ivan Kaufman
In their unit mix, small apartment buildings are more specialized in bigger units compared to large properties, while also being more affordable. Renters can find value in small apartment property.
Small Multifamily Loans | Arbor Q4 2019Ivan Kaufman
Small multifamily represents a third of the rental market. The nation’s rental market had a total of 41.9 million renter-occupied housing units, as of 2018. Small multifamily, which includes apartment properties of 5 to 49 units, represented 33% (13.7 million) of the total rental market.
Over the past decade, the market for single-family rentals (SFRs) has evolved and emerged as an institutionally viable asset class. In a few years, we will likely look back and consider 2019 to be the sector’s inflection point, where it transitioned from a niche-alternative asset class to a mainstream property type. As the sector gains interest from both investors and renters alike, build-to-rent strategies have emerged as a solution to match supply levels with growing demand.
Small Apartment Buildings Vital for Urban Workforce HousingIvan Kaufman
Household income data underscores the importance of small apartment buildings in maintaining workforce housing options, and thereby, the economic dynamism of cities.
Families With Children Dominate Single-Family Rental Demand, Single Renters o...Ivan Kaufman
Small asset multifamily's affordable profile has allowed the asset class to cater to families. However, deeper analysis uncovers its success in capturing single renter demand.
Single-Family Rental Market | Q3 2019 Ivan Kaufman
The market for single-family rentals (SFRs) in 2019 has continued to take significant steps forward. Build-to-rent strategies have emerged as the sector’s solution to match supply levels with growing demand. Cap rates held steady through the summer months and remained near their lowest levels as part of Chandan Economics’ post-crisis tracking.
Are Baby Boomers the New Millennials in Multifamily?Ivan Kaufman
Check out Arbor's latest infographic examining the role of Baby Boomers in the multifamily market. Latest reports show that the Baby Boomers are outpacing Millennials in the rental market.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
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2. 1
U.S. Economic Overview Q2 2020
0%
2%
4%
6%
8%
10%
12%
14%
16%
Jul-70 Jul-75 Jul-80 Jul-85 Jul-90 Jul-95 Jul-00 Jul-05 Jul-10 Jul-15 Jul-20
U.S. Recession Unemployment Rate (%)
U.S. Recessions and Peak Unemployment Rates
United States, Seasonally Adjusted, Monthly
Source: U.S. Bureau of Labor Statistics; National Bureau of Economic Research; retrieved from FRED, Federal Reserve Bank of St. Louis and GitHub
Oil Crisis
9.0%
Rising Inflation;
Iranian Revolution
10.8%
Savings and Loan Crisis
7.8%
Dot-Com Bubble;
September 11th Attacks
6.3%
Financial Crisis
10.0%
COVID-19
14.7%
3. 2
U.S. Economic Overview Q2 2020
14
9
12
11
9
11
12
17
7
17
9 9
19
5
0
5
10
15
20
May-37to
Jun-38
Feb-45to
Oct-45
Nov-48to
Oct-49
Jul-53to
May-54
Aug-57to
Apr-58
Apr-60to
Feb-61
Dec-69to
Nov-70
Nov-73to
Mar-75
Jan-80to
Jul-80
Jul-81to
Nov-82
Jul-90to
Mar-91
Mar-01to
Nov-01
Dec-07to
Jun-09
Mar-20to
Jul-20
Duration of Recession (Months) Average
Duration of Recessions
NBER based Recession Indicators for the United States from the Peak through the Trough, Monthly, Not Seasonally Adjusted
Longest Recession (Dec-07 to Jun-09): 19 mo.
Average Recession: 12 mo.
Source: National Bureau of Economic Research
4. 3
U.S. Economic Overview Q2 2020
49
79
36
44
38
23
105
35
57
11
91
119
72
129
0
25
50
75
100
125
150
Apr-33to
Apr-37
Jul-38to
Jan-45
Nov-45to
Oct-48
Nov-49to
Jun-53
Jun-54to
Jul-57
May-58to
Mar-60
Mar-61to
Nov-69
Dec-70to
Oct-73
Apr-75to
Dec-79
Aug-80to
Jun-81
Dec-82to
Jun-90
Apr-91to
Feb-01
Dec-01to
Nov-07
Jul-09to
Feb-20
Time Between Recessions (Months) Average
Source: National Bureau of Economic Research
Durations of Expansions: Time Between Recessions
NBER-Based Recession Indicators for the U.S. from the Peak Through the Trough, Months
The economy grew for 129 consecutive months,
the longest economic expansion in U.S. history.
5. 4
U.S. Economic Overview Q2 2020
U.S. Recession
-33.0
-22.0
-11.0
0.0
11.0
22.0
33.0
Jul-70 Jul-75 Jul-80 Jul-85 Jul-90 Jul-95 Jul-00 Jul-05 Jul-10 Jul-15 Jul-20
Thousands
Jobs Lost/Gained
Downturns and Recoveries of Recessions
United States, All Employees, Total Nonfarm Employment, Seasonally Adjusted, Millions, Peak to Trough
Source: U.S. Bureau of Labor Statistics; National Bureau of Economic Research
Nov-70
-1.2M
Apr-75
-2.2M
May-91
-1.6M
Feb-10
-8.7M
Apr-20
-22.2M
Current: Jul-20
-12.9M
Jul-80
-1.1M
Dec-82
-2.8M
Aug-03
-2.6M
Jul-74
7.2M
Jul-90
18.2M
Jan-08
5.6M
Feb-20
14.1M
Mar-90
12.4M
Jul-81
0.6M
Feb-01
23.0M
6. 5
U.S. Economic Overview Q2 2020
-25.0
-20.0
-15.0
-10.0
-5.0
0.0
5.0
-3 0 3 6 9 12 15 18 21 24 27 30 33 36 39 42 45 48 51 54 57 60 63 66 69 72 75 78
Job Losses During Recessions and Months to Recover to Previous Employment Levels
United States, All Employees, Total Nonfarm Employment, Seasonally Adjusted, From Start of Recession, Duration of Recession in Months
Source: U.S. Bureau of Labor Statistics; National Bureau of Economic Research
Duration of Recession (Months)
ChangeinTotalEmployment(Millions)
Other Post-WWII Recessions
Great Recession
Dec. 2007 through Jun. 2009
Trough in February 2010: -8.7 million
78 months to recovery
Current Recession
Mar. 2020 through Current
Trough in April 2020: -22.2 million
July 2020: -12.9 million
7. 6
U.S. Economic Overview Q2 2020
U.S. Recession
115.0
120.0
125.0
130.0
135.0
140.0
145.0
150.0
155.0
Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12 Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18 Jul-19 Jul-20
Total Nonfarm Payroll Emplyoment (Millions)
Employment
United States, All Employees, Total Nonfarm, Seasonally Adjusted, Monthly, Millions
July 2020: 1.8 million jobs gained
(remaining 12.9 million below pre-COVID peak)
COVID-19 Trough April 2020: -22.2 million
Great Recession Trough March 2009: -803,000
Ten years of job growth were wiped out in one month, when 20.8 million jobs were lost in April 2020. In comparison, a total of 8.7 million
jobs were lost during the Great Recession. The economy added back 1.8 million jobs in July 2020, marking the third consecutive month of
jobs gains, yet remained 12.8 million jobs below the pre-pandemic level.
Source: U.S. Bureau of Labor Statistics; National Bureau of Economic Research
8. 7
U.S. Economic Overview Q2 2020
Source: U.S. Bureau of Labor Statistics
Employment Change By Industry - COVID-19
United States, 12-Month % Change, February to July 2020
Mining and Logging
Construction
Manufacturing
Trade, Transportation, and Utilities
Information
Financial Activities
Professional and Business Services
Education and Health Services
Leisure and Hospitality
Other Services
Government
Total Nonfarm
-25.0% -15.0% -5.0% 5.0%
Employment Change By Industry - Month
United States, 1-Month % Change, July 2020
Mining and Logging
Construction
Manufacturing
Trade, Transportation, and Utilities
Information
Financial Activities
Professional and Business Services
Education and Health Services
Leisure and Hospitality
Other Services
Government
Total Nonfarm
-5.0% 0.0% 5.0% 10.0%
9. 8
U.S. Economic Overview Q2 2020
U.S. Recession
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
Jul-05 Jan-07 Jul-08 Jan-10 Jul-11 Jan-13 Jul-14 Jan-16 Jul-17 Jan-19 Jul-20
Unemployment Rate (%)
Source: U.S. Bureau of Labor Statistics; National Bureau of Economic Research
Unemployment Rate
United States, Seasonally Adjusted, Monthly
In July, the unemployment rate declined by 0.9 percentage point to 10.2%, and the number of unemployed persons fell by 1.4 million to 16.3
million. Despite declines over the past 3 months, these measures were up by 6.7 percentage points and 10.6 million, respectively, since
February. The unemployment rate at the peak of the Great Recession was 10.0%.
July 2020: 10.2%
COVID-19 Peak April 2020: 14.7%
Great Recession Peak October 2009: 10.0%
Great Depression 1930s: 25% (estimate)
July 2020: 16.3 million
COVID-19 Peak April 2020: 23.1 million
Great Recession Peak October 2009: 15.4 million
10. 9
U.S. Economic Overview Q2 2020
Source: U.S. Bureau of Labor Statistics; The Wall Street Journal
Duration of Unemployment
United States, Seasonally Adjusted, Millions
An increasing number of workers were unemployed for more
than three months in July, a signal that the coronavirus pandemic
is likely to have a lasting economic impact on many people.
0.0
5.0
10.0
15.0
20.0
25.0
Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20
Thousands
Temporary Layoff Permanent
Job Leavers Other
As people temporarily laid off have returned to work, those with
a permanent job loss and new workers have faced stable
unemployment.
Reasons for Unemployment
United States, Seasonally Adjusted, Millions
0.0
5.0
10.0
15.0
20.0
25.0
Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20
Thousands
Less than 5 Weeks 5 to 14 Weeks
15 to 26 Weeks 27 Weeks and Over
11. 10
U.S. Economic Overview Q2 2020
Source: U.S. Bureau of Labor Statistics; The Wall Street Journal
Part-Time Workers by Reason
United States, Seasonally Adjusted, Millions
Those working part time has remained stable, though more
people are in such jobs for economic reasons.
0.0
5.0
10.0
15.0
20.0
25.0
30.0
Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20
Thousands
Business Conditions Could Only Find Part-Time
Noneconomic Reasons
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
Jan-20 Mar-20 May-20 Jul-20
U-1 (15+ Weeks) U-3 (Unemployment)
U-6 (Underemployment)
The U-3 unemployment rate represents the number of people
actively seeking a job. The U-6 rate includes discouraged,
underemployed, and unemployed workers.
Additional Measures of Unemployment
United States, Seasonally Adjusted, Percent of Labor Force
12. 11
U.S. Economic Overview Q2 2020
0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3
3.3
6.9
6.6
5.2
4.4
3.9
3.2
2.7
2.4
2.1
1.9
1.6 1.5 1.5 1.4 1.3 1.3 1.4 1.4
1.2
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
1/4
1/11
1/18
1/25
2/1
2/8
2/15
2/22
2/29
3/7
3/14
3/21
3/28
4/4
4/11
4/18
4/25
5/2
5/9
5/16
5/23
5/30
6/6
6/13
6/20
6/27
7/4
7/11
7/18
7/25
8/1
Millions
Initial Claims (Millions)
Source: U.S. Employment and Training Administration
Weekly Jobless Claims
United States, Seasonally Adjusted, Millions, Week Ending Saturday, Millions
A total of 1.186 million workers filed for unemployment insurance for the week ended August 1st. Economists in a Bloomberg survey had
forecast 1.4 million initial claims. Jobless claims have exceeded one million for 20 consecutive weeks, totaling more than 55 million workers.
There were 16.0 million workers filing for ongoing benefits in the week ended July 25th, higher than the 16.9 million forecasted.
Week Ending August 1, 2020: 1.186 million
Continued Claims: 16.1 million
COVID-19 Total: 55.3 million
COVID-19 Peak March 28, 2020: 6.9 million
Previous Peak October 2, 1982: 695,000
13. 12
U.S. Economic Overview Q2 2020
Source: U.S. Bureau of Labor Statistics
Employment Growth By Industry
United States, 12-Month % Change, July 2020
Mining and Logging
Construction
Manufacturing
Trade, Transportation, and Utilities
Information
Financial Activities
Professional and Business Services
Education and Health Services
Leisure and Hospitality
Other Services
Government
Total Nonfarm
-30.0% -20.0% -10.0% 0.0%
Mining and
Logging
0.5%
Construction
5.3%
Manufacturing
8.8%
Trade,
Transportation,
and Utilities
18.8%
Information
1.9%
Financial
Activities
6.3%
Professional
and Business
Services
14.4%
Education and
Health Services
16.3%
Leisure and
Hospitality
9.4%
Other Services
3.9%
Government
14.6%
Employment By Industry
United States, Thousands, July 2020
14. 13
U.S. Economic Overview Q2 2020
Employment Growth by Metropolitan Area
Total Nonfarm, Not Seasonally Adjusted, 12-Month % Change, June 2019 to June 2020
Source: U.S. Bureau of Labor Statistics
In June, 307 metropolitan areas had over-
the-year decreases in nonfarm payroll
employment and 82 were essentially
unchanged.
The largest over-the-year employment
decreases occurred in New York-Newark-
Jersey City, NY-NJ-PA (-1,549,100), Los
Angeles-Long Beach-Anaheim, CA
(-650,400), and Chicago-Naperville-Elgin, IL-
IN-WI (-466,800).
The largest over-the-year percentage losses
in employment occurred in Atlantic City-
Hammonton, NJ (-29.2 %), Ocean City, NJ
(-28.7 %), and Kahului-Wailuku-Lahaina, HI
(-26.5 %).
Over the year, nonfarm employment
declined in all of the 51 metropolitan areas
with a 2010 Census population of 1 million
or more.
15. 14
U.S. Economic Overview Q2 2020
0.0% 5.0% 10.0% 15.0% 20.0%
White
Black or
African American
Asian
Jul-19 Jun-20 Jul-20
Employment Status by Race and Educational Attainment
Household Data, Seasonally Adjusted
Source: U.S. Bureau of Labor Statistics
Unemployment by Race
0.0% 5.0% 10.0% 15.0% 20.0%
Less than a
high school diploma
High school graduates,
no college
Some college
or associate degree
Bachelor's degree
and higher
Jul-19 Jun-20 Jul-20
Unemployment by Educational Attainment
16. 15
U.S. Economic Overview Q2 2020
U.S. Recession
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
Jun-05 Dec-06 Jun-08 Dec-09 Jun-11 Dec-12 Jun-14 Dec-15 Jun-17 Dec-18 Jun-20
Thousands
Job Openings
Source: U.S. Bureau of Labor Statistics
Job Openings
United States, Seasonally Adjusted, Monthly, End of Period, Millions
The number of job openings increased to 5.9 million on the last business day of June. Hires decreased to 6.7 million, but was still the second
highest level in series history, behind May 2020. These changes in the labor market reflected a limited resumption of economic activity that
had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and efforts to contain it.
June 2020: 5.9 million
Peak in January 2019: 7.5 million
17. 16
U.S. Economic Overview Q2 2020
U.S. Recession
-35.0%
-30.0%
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
2Q05 2Q06 2Q07 2Q08 2Q09 2Q10 2Q11 2Q12 2Q13 2Q14 2Q15 2Q16 2Q17 2Q18 2Q19 2Q20
Real Gross Domestic Product (%) 15-Year Average
Source: U.S. Bureau of Economic Analysis; National Bureau of Economic Research; Retrieved from FRED, Federal Reserve Bank of St. Louis
Gross Domestic Product
United States, Quarterly Change from Preceding Period, Seasonally Adjusted at Annual Rates, Based on Chained 2009 Dollars
GDP decreased at an annual rate of 32.9% in Q2 2020, bringing the 15-year average down to 1.1%, from 1.7%. The decline in second
quarter GDP reflected the response to COVID-19, as "stay-at-home" orders issued in March and April were partially lifted in some areas of
the country in May and June, and government pandemic assistance payments were distributed to households and businesses.
18. 17
U.S. Economic Overview Q2 2020
U.S. Recession
$12.0
$14.5
$17.0
$19.5
$22.0
2Q05 2Q06 2Q07 2Q08 2Q09 2Q10 2Q11 2Q12 2Q13 2Q14 2Q15 2Q16 2Q17 2Q18 2Q19 2Q20
Real Gross Domestic Product ($)
Gross Domestic Product - Total
United States, Trillions of Chained 2012 Dollars, Seasonally Adjusted Annual Rate, Quarterly
Source: U.S. Bureau of Economic Analysis; National Bureau of Economic Research; Retrieved from FRED, Federal Reserve Bank of St. Louis
19. 18
U.S. Economic Overview Q2 2020
U.S. Recession
-3.0%
-1.0%
1.0%
3.0%
5.0%
7.0%
Jul-05 Jan-07 Jul-08 Jan-10 Jul-11 Jan-13 Jul-14 Jan-16 Jul-17 Jan-19 Jul-20
CPI All Items Rent of Primary Residence
Consumer Price Index and Rent of Primary Residence
United States, All Items, Not Seasonally Adjusted, 12-Month % Change, 1982-84=100
The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.0% for the 12 months ending July, a larger increase than the 0.6%
rise for the period ending June. The index for all items less food and energy increased 1.6% over the last 12 months. Despite increasing in
July, the energy index fell 11.2% over the last 12 months.
Source: U.S. Bureau of Labor Statistics; National Bureau of Economic Research
20. 19
U.S. Economic Overview Q2 2020
U.S. Recession
0.0
200.0
400.0
600.0
800.0
1,000.0
1956
1958
1960
1962
1964
1966
1968
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
Corporate Profits Compensation of Employees
Source: U.S. Bureau of Economic Analysis; National Bureau of Economic Research; Retrieved from FRED, Federal Reserve Bank of St. Louis
Corporate Profits and Compensation of Employees
Includes Gross Domestic Product: Implicit Price Deflator, Seasonally Adjusted Annual Rate, Quarterly, Index 1954=100
“The trends of the two series tend to track each other over several decades, reflecting the general growth of the economy. The past
decade and a half seems to be different, though. Never have corporate profits outgrown employee compensation so clearly and for so
long.” - Federal Reserve Bank of St. Louis, August 9, 2018
21. 20
U.S. Economic Overview Q2 2020
U.S. Recession
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
May-05 May-06 May-07 May-08 May-09 May-10 May-11 May-12 May-13 May-14 May-15 May-16 May-17 May-18 May-19 May-20
S&P/Case-Shiller U.S. National Home Price Index
Home Price Growth
United States, Not Seasonally Adjusted
Source: S&P Dow Jones Indices LLC; National Bureau of Economic Research; Retrieved from FRED, Federal Reserve Bank of St. Louis
The novel coronavirus has finally put the brakes on home price growth. S&P CoreLogic Case-Shiller’s national home price index posted a
4.5% annual gain in May, down from 4.6% a month earlier. For the 12th consecutive month, Phoenix led the 20-City Composite posting a
9.0% annual gain. Seattle and Tampa followed reporting a 6.8% and 6.0% annual gain, respectively. - Yahoo Finance
22. 21
U.S. Economic Overview Q2 2020
U.S. Recession
60.0%
62.0%
64.0%
66.0%
68.0%
70.0%
1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 YTD20
Homeownership Rate
Source: U.S. Census Bureau; National Bureau of Economic Research; Retrieved from FRED, Federal Reserve Bank of St. Louis
Homeownership Rate
United States, Not Seasonally Adjusted, Annual, End of Period
The homeownership rate of 67.9% was 3.8% higher than Q2 2019 (64.1%) and 2.6% higher than Q1 2020 (65.3%). The highest level since
2008. There was a large increase in the number of homeowners combined with a very large drop in the number of renters. One of the
largest changes in both numbers on record. Households under 35 jumped by 4.2% year-over-year, ages 35-44 were up by 4.9%.
23. 22
U.S. Economic Overview Q2 2020
22
Homeownership and Household Formation
United States, Not Seasonally Adjusted, Millions, Annual, End of Period
-3.0
-2.0
-1.0
0.0
1.0
2.0
3.0
4.0
5.0
2Q15 4Q15 2Q16 4Q16 2Q17 4Q17 2Q18 4Q18 2Q19 4Q19 2Q20
Thousands
Owner-Occupied Housing Units Renter-Occupied Housing Units
Source: U.S. Census Bureau; National Bureau of Economic Research; Retrieved from FRED, Federal Reserve Bank of St. Louis
There was a large increase in the number of homeowners combined with a very large drop in the number of renters. One of the largest
changes in both numbers on record. Owner-occupied housing units made up 61.2% of total housing units (+4,771 during the quarter),
while renter-occupied units made up 29.0% of the inventory (-2,381).
24. 23
U.S. Economic Overview Q2 2020
30.0%
42.0%
54.0%
66.0%
78.0%
90.0%
All ages Under 35 years 35 to 44 years 45 to 54 years 55 to 64 years 65 years and over
Previous Peak (2004) Q2 2020
Homeownership Rate by Age of Householder
United States, Not Seasonally Adjusted, Annual, End of Period
Source: U.S. Census Bureau
First-time home buyers continued to drive demand. The big gains during 2020 have come from young households. Households under 35
jumped by 4.2% year-over-year, while ages 35-44 were up by 4.9%. As millennials begin to make lifestyle decisions, such as getting married
and having children, this percentage will continue to increase.
25. 24
U.S. Economic Overview Q2 2020
30.0%
42.0%
54.0%
66.0%
78.0%
90.0%
U.S. Non-Hispanic White Black Alone All Other Races Hispanic (of any race)
Previous Peak (2004) Q2 2020
Homeownership Rate by Race and Ethnicity of Householder
United States, Not Seasonally Adjusted, Annual, End of Period
Source: U.S. Census Bureau
Although homeownership rates for other racial groups have largely recovered since the 2008 housing crisis, black homeownership
continues to decline. Last year marked the fifth consecutive annual increase in the Hispanic homeownership rate, the only demographic
with five consecutive years of gains.
26. 25
U.S. Economic Overview Q2 2020
U.S. Recession
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12 Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18 Jul-19 Jul-20
S&P 500 (^GSPC)
Source: S&P Dow Jones Indices; National Bureau of Economic Research
Stock Prices: S&P 500
Currency in USD, Adjusted Close, Monthly, Beginning of Period
At the end of July, the S&P 500 had nearly returned to levels seen prior to the February peak, when investors started dumping shares in
advance of the coronavirus pandemic. Stocks have been boosted by low interest rates, trillions of dollars in stimulus, and better-than-
expected corporate earnings.
27. 26
U.S. Economic Overview Q2 2020
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
Jun-05 Jun-06 Jun-07 Jun-08 Jun-09 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Jun-20
Excess Reserves Required Reserves U.S. Recession
Source: Federal Reserve Bank of St. Louis; National Bureau of Economic Research; Retrieved from FRED, Federal Reserve Bank of St. Louis
Excess Reserves of Depository Institutions
Monthly, Not Seasonally Adjusted, Trillions
“Analysts were caught off guard in April when the banks said they were setting aside billions of extra dollars for potential losses,
hammering their first-quarter earnings. Several banking executives said they expected to set aside more money for bad loans in the second
quarter than they did in the first.” - The Wall Street Journal
28. 27
U.S. Economic Overview Q2 2020
-2.00
0.00
2.00
4.00
6.00
8.00
Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12 Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18 Jul-19 Jul-20
U.S. Recession St. Louis Fed Financial Stress Index
Source: Federal Reserve Bank of St. Louis; National Bureau of Economic Research; Retrieved from FRED, Federal Reserve Bank of St. Louis
St. Louis Fed Financial Stress Index
United States, Not Seasonally Adjusted, Monthly, End of Period, Version 2.0
The St. Louis Fed Financial Stress Index attempts to measure financial market stress by combining many indicators into a single index
number. One type of risk prominent in the 2008-2009 financial crisis is once again present—in the current COVID-19 novel coronavirus
crisis. It is the inability of many financial institutions to secure funding to finance their short-term liabilities, known as liquidity risk.
29. 28
U.S. Economic Overview Q2 2020
U.S. Recession
$0.0
$25.0
$50.0
$75.0
$100.0
$125.0
$150.0
Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12 Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18 Jul-19 Jul-20
WTI Crude ($)
Source: U.S. Energy Information Administration; National Bureau of Economic Research; Retrieved from FRED, Federal Reserve Bank of St. Louis
Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma
Dollars per Barrel, Not Seasonally Adjusted, Monthly, End of Period
“Global oil demand is being destroyed as the coronavirus forces people around the world to remain indoors and avoid all unnecessary
travel. U.S. oil demand has now fallen to 14.4 million barrels a day, the lowest in data going back to 1990 and a drop of more than 30%
from pre-crisis levels.” - Bloomberg, April 9, 2020
30. ARBOR.COM • 1.800.ARBOR.10
About Us
Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan
origination and servicing for multifamily, single-family rental (SFR) portfolios, seniors housing, healthcare and other
diverse commercial real estate assets. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar
servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a Fannie Mae DUS® lender and
Freddie Mac Optigo Seller/Servicer. Arbor’s product platform also includes CMBS, bridge, mezzanine and preferred
equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for
service, quality and customized solutions with an unparalleled dedication to providing our clients excellence over the
entire life of a loan.
The research contained in this report should not be construed as a solicitation to and/or trade. All opinions, news,
research, analyses, prices or other information is provided as general market commentary and not as investment advice;
all information is subject to change. Arbor, its members, shareholders, employees, agents and representatives do not
warrant the completeness, accuracy or timeliness of the information supplied, and shall not be liable for any loss or
damages, consequential or otherwise, which may arise from the use or reliance on the content contained herein. Past
performance is not indicative of future performance.