The Radix Review: Multifamily Trends Explained
Covering the latest trends in multifamily housing, demographics, and economic insights, built off real time analytics at the property, submarket and market level.
The Radix Review: Multifamily Trends Explained
Momentum Improves for Multifamily Operational Metrics - RAOT Week of January 12th 2025
Job growth closes 2024 unexpectedly strong
The U.S. labor market added 256,000 jobs on a seasonally adjusted basis in December according to last week’s report by the Bureau of Labor Statistics (BLS). The growth was much stronger than the roughly 150,000 jobs expected by economists. The unemployment rate remained low at 4.1%.
On one hand, it is a great sign to see robust job gains, especially for those that have been unemployed for a significant time. It is also beneficial for multifamily because job growth contributes to household demand.
The downside is the continued strength might also delay further interest rate cuts by the Fed in the near term, which can cause other ripple effects. The S&P 500 and Dow Jones Industrial Average both trended lower after the release of the jobs report.
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Explore our webpage for more insights and resources:
https://bit.ly/Radix_Website