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Weekly News Roundup

Weekly News Roundup

Dec 2nd, 2016 by Dina Finnegan

Stay up-to-date on the latest news stories and trends that popped up during the past week.

Apartment Demand, Rental Rates Hold Steady Against Unprecedented Supply in Healthy-But-Slowing Apartment Market

The U.S. economy continued to expand from early October through mid-November with little inflation as retail sales, real estate markets and business service firms saw rising activity, a Federal Reserve survey showed.

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Where the Record 7,000 Rental Units Delivering in D.C. Next Year Will Go

Multifamily construction in DC has been booming at an unprecedented rate. 2016 set a record for residential units delivered, but 2017 is expected to surpass that record, with a total of 7,054 rental units scheduled to deliver in the District next year, according to the annual Washington DC Economic Partnership Report. With so many apartments coming online next year, using Delta Associates' latest multifamily report as a guide, we set out to answer three questions: Where are they, when are they opening and who is developing them?

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Jobs Report Signals December Rate Hike

An increase in short-term interest rates looks increasingly likely when the Federal Reserve convenes on Dec. 13 and 14, following the latest national employment report from the US Department of Labor’s Bureau of Labor Statistics. November’s job numbers for non-farm payrolls brought the unemployment rate down 0.3 percentage points to 4.6%, the lowest in nine years.

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