The Real Estate Cycle房地产周期.pptVIP

Real GDP Growth U.S. Employment Growth U.S. Unemployment Rate Consumer ConfidenceConference Board Survey U.S. Merchandise Exports to East Asia plus Japan U.S. Net Exports Consumer and Producer Prices 3-Month T-Bill vs. 10-Year T-Bond Equity REIT Offering Volume Growth in Public Real Estate Securities Investment PerformanceREITs vs. SP 500 Index REIT Market ValuationStock Market vs. Real Estate Value REIT Yield ComparisonAFFO vs. Dividend Relative ValuationSP 500 P/E vs. REIT AFFO Multiple Net LendingCommercial Properties Commercial MBSGross Amount Issued CMBS Spreads to Treasuries Pricing SpreadsCommercial Mortgage Rate vs. 10-Year T-Bond U.S. Employment Growth Fastest Growing U.S. MSAsRanked by Annual Absolute Change in Employment Fastest Growing U.S. MSAsRanked by Annual % Change in Employment Fastest Growing U.S. MSAsRanked by Annual % Change in Employment Fastest Growing U.S. MSAsRanked by Annual % Change in Employment Slowest Growing U.S. MSAsRanked by Annual % Change in Employment Employment GrowthNew York MSA vs. U.S. Employment GrowthCalifornia vs. U.S. Real Estate Cycle Office ConstructionContracts Awarded - F.W. Dodge Office Employment GrowthAnnual Change in Jobs Office Vacancy RatesDowntown and Suburban Downtown Office Rent Growth Private Market Total Return (NCREIF)Office Real Estate CycleOffice Multifamily Housing Starts Multifamily PermitsCalifornia Rental Vacancy Rates Rental Inflation U.S. Household Formation Divorce Rate in the U.S. U.S. Population Growth1995 - 2000f Private Market Total Return (NCREIF)Multifamily Real Estate CycleMultifamily Retail ConstructionContracts Awarded - F.W. Dodge Real Retail Sales GrowthExcluding Autos Private Market Total Return (NCREIF)Retail Real Estate CycleRetail Hotel ConstructionContracts Awarded - F.W. Dodge Hotel Occupancy Rate RevPAR Growth Hotel Industry ProfitsNet Profit or Loss Real Estate CycleHotel Industrial ConstructionContracts Awarded - F.W. Dodge Industria