Of all major commercial real estate categories, the multifamily market has strengthened the most since the past recession. Is a bubble brewing? And how does the Eighth Federal Reserve District compare with the nation?
U.S. real per capita auto debt continued to rise in the last three months of 2016, although at a slower pace. Meanwhile, consumers faced greater difficulties in repaying car loans, according to the latest issue of The Quarterly Debt Monitor.
Economic activity has slightly improved since our previous report. Employers reported minimal hiring due to difficulties finding qualified candidates putting upward pressure on both wages and benefits. There were positive developments on consumer spending as contacts reported a rebound in sales after a string of weak reports.
Current estimates indicate that employment in the state of Missouri grew at a brisk annualized rate of 2.9 percent in the fourth quarter of 2016 before slowing down during the first five months of 2017.
See this quarter’s overview of housing market conditions in
each of the seven states that comprise the Federal Reserve's Eighth District
and the metropolitan statistical areas (MSA) of Little Rock, Louisville,
Memphis, and St. Louis.
Nationally, nearly half of 25-year-olds lived with their parents in 2012-2013, up from just over a quarter in 1999. A recent article in The Regional Economist examined statistics and reviewed some of the literature on millennials moving back home.