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From Macro to Micro: The Economy Going Forward

 . . . And how it will impact the multifamily market. That's the focus of this exclusive Q&A with RED Capital Group's (RED) Dan Hogan.

By John Salustri | Updated on July 12, 2017
Hogan: “Signs are emerging that first-time home purchases are on the rise, although homeownership among the renter cohort remains depressed.”

COLUMBUS, OH–Tired of hearing of the Great Wait-and-See as the industry taps its collective foot in preparation for coming regulation? Making long-range acquisition or development decisions can be dicey in such an atmosphere.

In this exclusive Q&A, locally-based research director for RED Capital Group, Dan Hogan takes us through the landscape and provides us with some sure bets–and not so sure bets–all of which can help owners and developers alike navigate the current choppy waters.

GlobeSt.com: Let’s start with the macro picture. The RED Capital Group (RED) forecast provides a real mixed bag of trends, such as faster economic growth but a full-year forecast revised downward. What are the drivers at play here?

Dan Hogan: The full-year 2017 forecast is lower than before because GDP growth for the first quarter was unexpectedly weak, continuing a trend that dates back to 2014. Our GDP model points to moderately stronger growth for the balance of the year, but not enough to compensate for Q1 weakness.

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