The year started with record-shattering cold weather descending over much of North America. This had a chilling effect on much economic activity. A promising acceleration in housing, manufacturing and job growth during 2013 slowed considerably in the new year. But the region as a whole, and the U.S. in particular, are poised to re-accelerate.
America’s private economy is already doing much better than top-line GDP numbers would indicate. Record corporate profits, a largely healed banking system, a far more competitive manufacturing sector and the energy extraction renaissance all position over the States for even stronger growth. Recent drags such as de-leveraging and federal fiscal policy are fading fast.Investors in U.S. real estate will be increasingly reliant on property fundamentals to drive solid returns. And U.S. fundamentals are complex: Going forward there will be a race between rising rates and improving fundamentals.
Source : CBRE Global Investors