SVN | Research Economic Update 1.21.2022

1. CPI INFLATION

 

2. HOUSING INVENTORY

 

3. RETAIL SALES

 

4. OFFICE ENTRY DATA

 

5. BALTIMORE INDUSTRIAL MARKET

 

6. SERVICE SECTOR ACTIVITY

 

7. DECEMBER JOBS REPORT

The number of workers on temporary layoff was little changed at 812k but was 2.3% below December 2020’s level. The number of workers permanently laid off stands 408k above pre-pandemic levels, while the temporary layoffs are largely back at their February 2020 levels.

 

 

8. CONSTRUCTION SPENDING

 

9. POWELL CONFIRMATION HEARING

 

10. WORLD BANK CUTS GLOBAL GROWTH FORECAST

Have questions about Orange County commercial real estate? Looking for Orange County commercial properties for sale and lease? Contact SVN Vanguard today.

 

SUMMARY OF SOURCES

• (1) https://www.bls.gov/news.release/empsit.nr0.htm
• (1) https://www.foxbusiness.com/economy/brainard-pledges-fed-combat-inflation
• (2) https://www.realtor.com/research/december-2021-data/
• (3) https://www.census.gov/retail/marts/www/marts_current.pdf
• (3) https://www.newyorkfed.org/research/policy/weekly-economic-index#/interactive
• (4) https://wolfstreet.com/2022/01/03/the-office-glut-in-houston-san-franciscomanhattan-los-angeles-chicago-washington-dc-seattle-q4-2021/?utm_campaign=cmbsresearch&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz-82Nzo44KzoA73i6_
bUx0SbDQzmW5mfSf5nxhe1C2aqhqOxsfy_9pVKf4oymw9MwB8vQob3
• (5) https://commercialobserver.com/2022/01/baltimore-industrial-vacancy-rate-drops-to-historiclow/
• (6) https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-onbusiness/services/december/
• (7) https://www.bls.gov/news.release/empsit.nr0.htm
• (8) https://www.census.gov/construction/c30/pdf/release.pdf
• (9) https://www.banking.senate.gov/hearings/01/04/2022/nomination-hearing
• (9) https://www.bloomberg.com/news/articles/2021-12-28/fed-s-incoming-voters-skew-hawkishbiden-picks-may-tilt-balance
• (10) https://www.bloomberg.com/news/articles/2022-01-11/world-bank-cuts-2022-global-growthforecast-on-virus-flare-ups?srnd=economics-vp

 

 



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