About this episode
What if the economy could sing? The CRE Exchange team explores what the Fed’s Beige Book, homebuilder sentiment, and recent banking data reveal about the broader economy, and how those trends ripple through commercial real estate. Our hosts, Omar Eltorai and Cole Perry, then turn to Peter Norman, Altus Group’s VP and Economic Strategist, for a deep dive into Canadian economic and CRE trends. Key Moments:01:34 Diving into the Fed Beige Book02:21 Labor market and employment trends03:30 Consumer spending and manufacturing Insights07:25 Home Builder Confidence Index10:43 Large Bank Credit Card and Mortgage Report13:57 Manufacturing Business Outlook Survey16:31 Non-Manufacturing Business Outlook Survey20:52 Canadian CRE trends with Peter Norman43:19 Upcoming eventsResources Mentioned:Peter Norman – https://www.linkedin.com/in/peter-norman-20637043/2025 Canada State of the Market webinar – https://www.altusgroup.com/webinars/canada-state-of-the-market/Federal Reserve Beige Book - https://www.federalreserve.gov/monetarypolicy/publications/beige-book-default.htmNAHB/Wells Fargo Housing Market Index - https://www.nahb.org/news-and-economics/housing-economics/indices/housing-market-indexISM Manufacturing PMI - https://www.ismworld.org/supply-management-news-and-reports/reports/ism-pmi-reports/pmi/september/Philadelphia Fed Large Bank Credit Card and Mortgage Data - https://www.philadelphiafed.org/surveys-and-data/large-bank-credit-card-and-mortgage-dataPhiladelphia Fed Manufacturing Business Outlook Survey -
