From jobs to housing to the human edge in CRE
From a 20.5% surge in new home sales and persistent affordability challenges in the existing market, to rising inflation, consumer sentiment drops, and labor market paradoxes, our hosts Omar Eltorai and Cole Perry explore how these factors are influencing CRE demand and investment strategy.Also, special guest Dan Kudrik, Senior Director at Altus, adds his perspective on the human edge in real estate, and highlights how valuation, residual values, and transparency are evolving in the US market.Key moments01:19 Latest Housing Market Data06:29 Consumer spending and inflation insights15:07 GDP and corporate profits analysis18:47 Labor market trends21:59 Special Guest: Dan Kudrik on human capital, valuations, and residual valuesResources mentionedNew Home Sales: https://www.census.gov/construction/nrs/index.html Existing home sales: https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales PCE: https://www.bea.gov/data/personal-consumption-expenditures-price-index GDP: https://www.bea.gov/data/gdp/gross-domestic-product University of Michigan’s Consumer Sentiment Index: https://www.sca.isr.umich.edu/ JOLTS: https://www.bls.gov/jlt/ Dan Kudrik: https://www.linkedin.com/in/danielkudrik/ Email us: altusresearch@altusgroup.com Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property