A research produced by
Commercial real estate continues to enjoy positive momentum, further supported by re-acceleration in economic growth during the second quarter 2015.
After a weak start to the year, US Gross Domestic Product (GDP) increased at an annualized rate of 3.7% with the rebound fueled by stronger consumption and a turn-around in export demand.
The more important point is that consumption remains steadily positive—see the blue column in exhibit 3—as this sector represents two-thirds of the US economy.
Recent improvements in both auto and existing home sales support consumption. Home sales are at the highest level since early 2007, and continued growth in this important sector helps sustain growth in the US economy.
Source : UBS AG
