Daily insights & news on economic trends, commercial real estate, finance, housing, retail, energy, healthcare & tech.
Joined March 2010
- Tweets 47,395
- Following 3,265
- Followers 11,891
- Likes 37,976
5,790 Photos and videos
Pinned Tweet
11 Jul 2024
6
23
37,558
Houstonomics retweeted
Jun 12
The 75 population grows 20% by 2030 and visits doctors nearly 4x more than the 25-44 group. That's the entire medical office bull case in two numbers. Supply is constrained by construction costs and regulation.
đź”— hcre.short.gy/7KbRPz
2
4
12
10,881
Jun 12
SpaceX pulled off the largest IPO in history, raising $75 billion and delivering a strong first day of trading. Shares were priced at $135, opened at $150, and closed at $160.95, up 19.2%, giving the company a market value of $2.11 trillion.
The SpaceX IPO exceeded expectations, generated enormous investor demand, elevated Elon Musk to trillionaire status, and marked a historic moment for public markets.
7
197
Jun 12
Stocks close higher
The three major averages finished higher on Friday.
đźź© S&P 500 0.5% to 7,431.46
đźź© Nasdaq 0.31% to 25,888.84
đźź© Dow 353 pts ( 0.7%) to 51,202.26
6
254
Jun 12
Apollo Global Management chose Austin over Miami for its second HQ, following JPMorgan and Goldman into Texas.
Apollo had reportedly conducted an internal survey to decide between Palm Beach, Miami, Nashville, and Austin.
1
5
50
8,169
Jun 12
US rig count fell by 1 to 562, its first drop in 8 weeks, per Baker Hughes.
- Oil rigs rose by 2 to 433
- Gas rigs dropped by 3 to 121
7
257
Jun 12
Michigan’s prelim June sentiment ticked up 9% to 48.9 as dipping gas prices relieved lower-income budgets.
Yet, the broader outlook remains stuck 19% below last year.
1
9
895
Jun 11
Citadel will occupy 561,000 SF, roughly one-third of its planned 1.7M SF Miami headquarters. That's far more than the 300,000 to 400,000 SF previously under consideration and a strong signal that major financial firms continue betting on Miami's long-term growth.
bisnow.com/south-florida/new…
3
42
3,311
Jun 11
THURSDAY MARKET RECAP
U.S. stocks surge as geopolitical tensions ease
Market close:
• Nasdaq: 2.54% to 25,809.66
• Dow: 1.86% ( 929.97 pts) to 50,848.75
• S&P 500: 1.75% to 7,394.30
1
7
877
Jun 11
US producer prices surged 1.1% in May, pushing the annual rate to a multi-year high of 6.5%. A massive 10.7% spike in energy costs driven by a 23.4% jump in gasoline fueled nearly 80% of the advance.
6
243
Jun 11
Freddie Mac reports 30-year fixed mortgage rates ticked up to 6.52% this week. Despite short-term fluctuations, stronger job momentum pushed existing home sales to a 5-month high as buyers look past volatility.
- 30-year FRM: 6.52% (vs 6.48% last week)
- 15-year FRM: 5.84% (vs 5.79% last week)
Still below year-ago levels (6.84% / 5.97%).
2
7
628
Jun 11
US jobless claims hit 229,000, missing expectations.
- Initial claims: 229k ( 4k WoW)
- 4-wk avg: 219k ( 4.25k)
- Continuing claims: 1.795M ( 24k),
6
268
Jun 10
U.S. equities dropped sharply Wednesday after President Trump said Iran negotiations are taking “too long” and threatened further action.
đź”» Dow Jones: -953 pts (-1.87%)
đź”» S&P 500: -1.62%
đź”» Nasdaq: -1.98%
1
6
502
Jun 10
Aerospace pros are flocking to Houston’s Clear Lake area, driven by NASA’s Artemis moon-to-Mars push and private space tech growth. Top spots like League City and Seabrook offer prime commutes and coastal living, anchoring long-term roots in a booming, historic space corridor.
đź”— hcre.short.gy/DDSMoE
15
1,234
Jun 10
Dodge Momentum Index Grows 6% in May
Data center construction is still booming, but May's 6% Dodge Momentum Index jump proves traditional sectors are finally waking up. Healthcare, retail, and office planning surged, hitting a massive 33.8% year-over-year lift.
The broader market remains cautious, but demand is diversifying.
1
6
590
Jun 10
U.S. inflation jumped to a three-year high of 4.2% in May, driven by surging energy costs. However, core CPI rose just 0.2% for the month, coming in below expectations.
2
8
1,195
Houstonomics retweeted
Jun 10
Austin is betting big on AI-driven healthcare. UT Austin’s new 300 acre Dell research campus and AI-native hospital could become one of the most ambitious healthcare developments in the country.
bisnow.com/austin/news/healt…
2
9
738
Jun 10
Mortgage demand jumped 10.8% in a week even as the 30-year fixed rate edged up to 6.60%. Refinance applications surged 15% and purchase activity rose 7%.
Buyers appear more sensitive to housing inventory and affordability than small rate moves.
1
2
7
885
Jun 9
Tuesday Market Recap
Dow:đźź© 0.17% ( 86.10 pts) to 50,872.11
S&P 500: 🟥 -0.26% to 7,386.65
Nasdaq: 🟥 -0.97% to 25,678.82
🔋 Oil Pullback: WTI crude dropped 3.4% to $88.20/bbl
7
433
Jun 9
US existing home sales jumped 3.2% in May to a 4.17M annualized rate, crushing expectations. Dropping mortgage rates triggered a buyer rush, pushing the median price to a record $429,300 despite inventory rising to 1.55M units.
đź”— hcre.short.gy/IGes7G
2
3
12
1,296