An unusually frigid and stormy winter likely put downward pressure on the US economy and labor market during the first two months of 2014, resulting in near zero Gross Domestic Product (GDP) growth,
By March 2014, employment, retail sales, confidence and manufacturing showed renewed positive momentum; however, the important housing sector remained weak.
Momentum continued in commercial real estate markets with stable-to-increasing occupancy rates and rising rents across all sectors.
Growth in the pace of transaction volume and appreciation return rates are moderating to sustainable levels.
Source : UBS