WASHINGTON, DC—Friday's release of May's employment numbers by the Bureau of LaborStatistics pointed to an economy that is in steady,albeit hardly spectacular, expansion mode. The 217,000 jobscreated—in many CRE-supporting industries—essentially assured thewatching world that the dismal Q1 economic growth, or lack thereof,was largely a factor of the winter weather.
The statistics also plays into a growing narrative that businessinvestment is increasing or at least poised to increase. One keydriver of that demand, of course, is the willingness of banks tolend to such projects.
At this point in the recovery cycle, that appears to be asettled issue.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
