Colliers Quick Hits | May Numbers to Watch

by | 18 May 2023

At Colliers, we understand the importance of interconnected data, macroeconomic trends, and anecdotes in real estate decisions. With that in mind, here are 10 numbers that have recently caught our attention.

  • The American Trucking Associations reported the March For-Hire Truck Tonnage Index fell 5.4% from the prior month. It marks the first decline in the index on a year-over-year basis since August 2021
  • The Federal Reserve Bank of New York’s yield curve, a leading indicator of recession in the next 12 months, is at the highest level since the early 1980s. This tool measures the difference between the 10-year and 3-month Treasury rates.
  • The Bureau of Labor Statistics reported U.S. employers added 253,000 jobs in April.
  • The S&P CoreLogic Case-Shiller U.S. National Home Price Index increased 0.2% in February, marking the first increase after seven consecutive months of declines.
  • A study by Stanford and MIT showed artificial intelligence boosted worker productivity by 14%.
  • Walmart expects increased supply chain automation will reduce the unit cost of moving goods by 20% within three years.
  • The National Multifamily Housing Council notes that the monthly payment on a newly purchased home versus a rental reached the widest gap since 2006.
  • Data from the Board of Governors of the Federal Reserve System shows that bank deposits have been falling for the past year. The banking crisis in early March exacerbated the pace of deposit outflows.
  • Treasury Secretary Janet Yellen said the government may be unable to satisfy all its obligations as soon as June 1 if the federal debt limit is not raised.

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