North Carolina cities rank among fastest-growing economies in the country
Raleigh rises one spot among largest economies in the United States
Population growth, business expansions — particularly in the finance sector — and a ramp-up in construction spending made Charlotte and Raleigh, North Carolina, two of the fastest-...
Weakness appears in the labor market
Unemployment ticks up to 4.2%
November's headline jobs numbers marked the 47th consecutive month of positive job growth and showed a substantial recovery from the strike- and storm-impacted October report.
Consumers power forward into the holiday season
Incomes grow and a key measure of inflation accelerates
New data released by the Bureau of Economic Analysis before the Thanksgiving holiday showed that higher-than-expected income growth and lower energy prices bolstered consumer spend...
The struggle to contain inflation continues
But shoppers are not deterred
Overall inflation as measured by the consumer price index, or CPI, remains sticky, according to the latest Bureau of Labor Statistics report.
Industrial property values surpass office, retail in Charlotte
Rent growth, development push industrial values up 56% in five years
As population growth and a shift to online shopping have increased the demand for logistics space, Charlotte’s inventory of warehouses and distribution centers rapidly expanded. As...
Elections have consequences
Stock markets jump, but interest rates offer little relief
Stock market indices reacted enthusiastically to President-elect Donald Trump’s electoral victory over Vice President Kamala Harris last week, with the Dow Jones Industrial Average...
Slowing jobs market sends mixed signals
Hurricanes, labor strife muddy the picture
No one thought interpreting the October jobs report would be simple after two hurricanes struck the southeast and as Boeing machinists continued their strike. But then, no one expe...
North Carolina now fifth-fastest-growing state in the country
Domestic migration accounts for more than 75% of its population growth
North Carolina is one of the fastest-growing states in the country. Vibrant areas such as Charlotte, Raleigh and Wilmington have been successful in attracting people from across th...
The housing market is unlikely to make the Fed’s job easier any time soon
Housing costs look to remain high in battle to tame inflation
With positive data on the health of the job market recently raising hopes for a soft landing, the Federal Reserve’s fight to tamp down on the last leg of inflation has come into fo...
Charleston experiencing a retail rent surge
Population increase helps to push average store rents above national rates
A surge in migration from high-income households and coastal tourism, combined with a tightening supply of new retail space, has led to significant retail rent growth in Charleston...
Fretting over the labor market appears overdone
But surveys show caution ahead
After earlier reports showed the labor market continuing to slow amid restrictive financial conditions, the Federal Reserve decided it might be time to stop focusing on its fight a...
Hotel supply crunches are occurring in Charlotte, Seattle, Denver airport areas
Mixed-use plans include airport hotel growth in Charlotte
Airport hotels are rarely celebrated, but they’re always appreciated by tired and time-strapped travelers. In some mid-sized U.S. cities, though, they are in short supply. That’s p...
Developers target transit-oriented apartment development in Charlotte
More than a quarter of units built since 2020 are within half-mile of light rail station
Charlotte, North Carolina, has seen one of the country's most substantial apartment inventory expansions over the past five years, though it has been particularly intense around th...
Charlotte retailers feel space crunch despite leasing slowdown
Retail availability tightest in high-income areas
Slower job growth and stagnant retail sales have softened demand for retail space in Charlotte, North Carolina, heading into the last few months of the year.
Incomes stay strong, and the technical recession that wasn't
Recent data show faster growth, healthier consumers than previously thought
The Commerce Department released revisions to past data last week that showed the economy grew more quickly in all but four quarters since the beginning of 2019. The revisions wipe...
High-income households are doing just fine, helped by higher asset prices. Lower-income consumers — not so much.
Sentiment diverges among American income groups
The health of the consumer is top of mind as the labor market weakens and recession fears emerge.
Weakening labor market raises the risk of a not-so-soft landing
New data shows fewer jobs added than initially estimated
August’s much-watched jobs report from the Bureau of Labor Statistics last week left the state of the economy up for interpretation.
Impact of Charlotte's construction pause varies across property types
Industrial, multifamily groundbreakings still outpace pre-pandemic trends
Higher construction costs, a tighter lending environment and an uncertain outlook on supply and demand have largely put commercial real estate construction on hold in Charlotte, No...
Investor interest still lags in Charlotte, though industrial sector gains ground
Warehouse, apartment sales continue to outpace pre-pandemic levels
Despite a few high-profile sales in the first half of 2024, capital markets remain largely frozen in Charlotte, North Carolina.
Wave of New Apartments Weigh on Urban Rent Growth in Charlotte
Strong Demand Can’t Match Record Expansion
A persistent wave of new construction is weighing on apartment rents throughout the Charlotte, North Carolina, market.