Residential and multi family development firms, what macroeconomics are you guys tracking?
As the title suggests. Trying to see what macro economic factors/indicators residential and multi family development firms are tracking. 

Especially firms in the 1.5M-7M range*
[{"id": "ic4w1r4", "text": "10-year treasuries, interest rates, inflation, and rent growth (more micro) all are factors we discuss on a weekly basis", "replies": [{"id": "ic508zv", "text": "I would probably add employment data with the above \ud83d\udc46", "replies": [{"id": "ic55c94", "text": "Also population/migration data (which cities/states are losing people and which are gaining)", "replies": [], "depth": 3}, {"id": "ic7t3fo", "text": "Yes and no. Here in Florida we have regions that are growing due to retirees", "replies": [], "depth": 3}], "depth": 2}, {"id": "ic5ve83", "text": "This, but I would also add that local population growth is very important. I work in Florida and I track how many new driver's licenses are getting in each county. This, followed by mail moving data, is a good way to understand the supply and demand of units in the area. If people are coming and the supply of housing is short of growth, then it is beneficial. \n\nI think we will have an issue of overbuilding at one point in the next 3 to 5 years, but right now, there is a lot of more people moving in than housing is being build.", "replies": [{"id": "ic612eo", "text": "Where do you get this specific data? My immediate thought is Bloomberg terminals or Gov/industry websites. Or is it something simpler?", "replies": [{"id": "ic7szgd", "text": "You need to request it thru the freedom of information act to the different agencies.", "replies": [{"id": "ic85383", "text": "Do you mean agencies such as the Florida DMV? Thanks", "replies": [{"id": "ic89zta", "text": "Correct. I use Florida Highway Safety and Motor Vehicles and USPS for data.", "replies": [{"id": "ic9zuek", "text": "Ahhhh, chess not checkers! Nice thinking.", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ic5lsrt", "text": "Construction costs generally up \\~15% both labor and materials", "replies": [], "depth": 1}, {"id": "ic5xfjw", "text": "Demographics, always.", "replies": [], "depth": 1}, {"id": "ic6eor2", "text": "Everyone sees the macro data. Good firms take that into account and look at other things too. You can\u2019t beat the market using market data. Car dealerships offering interest free financing? Increases in mezzanine loans and buy-lease backs of commercial buildings? Wood futures bottoming out? There\u2019s also a host of sub market red flags as recessions affect different markets across the country differently.", "replies": [], "depth": 1}, {"id": "ic7ik9a", "text": "SOFR, rent growth, inflation, employment", "replies": [], "depth": 1}, {"id": "ic8pfdm", "text": "Employment growth on BLS websites, rent growth and vacancy on Costar or free market info on various commercial realtor sites.\nAlso doing your own survey with local property managers asking about lease up timeframe.\n\nLeasing up a big development is a big difference in time to fully leased in growing regions vs no growth regions.\n\nThis translates into paying more for a high cost construction loan while the property takes longer to lease up.", "replies": [{"id": "ic8pqki", "text": "Exactly! VulcanMind1 hit the nail on the head.", "replies": [], "depth": 2}], "depth": 1}]