COMMERCIAL REAL ESTATE'S ECONOMIC ADVISORS

The protracted government shutdown squeezes housing programs, 'data fog' creates a conundrum for the Fed, and a US-China trade truce offers cautious optimism to developers.

Consumer prices rose 0.3% month-over-month, a softer pace than most analysts had expected. However, consumer prices rose 3.0% year over year, a slight uptick from August.

The Administration considers a national housing emergency as residential markets send mixed signals.

Tariffs face legal uncertainty, lumber and furniture tariffs may introduce fresh headwinds for housing, and the Fed prepares to cut rates.