Disruption 2020: Numbers to Watch

At Colliers we understand the interconnectedness of data and the importance of considering macroeconomic trends and anecdotes in making real estate decisions. With that in mind, we’ve identified several numbers worth watching.

78% – Share of CEOs in a global PwC survey expecting remote work to become more widespread as a result of COVID-19.

1.783 million – Number of jobs added in July’s Department of Labor report, above the consensus of 1.48 million.

47% – Share of workers furloughed in April who had returned to work by July, per small business HR benefits provider Gusto.

$7.7 billion – Commercial loan deferrals by Bank of America, about 2% of loans.

180% – Second quarter increase in BofA’s trading volume on its Merrill Edge Self-Directed platform, per Bloomberg.

330,000 – New accounts opened on the BofA trading platform, about one-third of them by people under 35.

11,108.7 – NASDAQ composite index closing price August 6, 2020, the first time ever above 11,000. The S&P posted a record close on August 18.

100 – Buffett Indicator reading August 9, per Die Welt, measuring global market cap divided by global GDP. This metric indicates market corrections when it tops 100.

2.96% – Average 30-year mortgage as of August 13, just up from all-time lows, per Freddie Mac.

7.2% – Loans in forbearance, per the Mortgage Bankers Association as of August 9, the ninth week in a row posting a decline. Note that the CARES Act provides a flexible forbearance program.

14.9 million – Total vehicle sales in July, per the Federal Reserve of St. Louis, in line with September 2012 levels.

37.8% – Expected decline in back-to-college spending, per GlobalData.

60% – Share of restaurants that have permanently closed, per Yelp.

50% – IHS Markit Flash U.S. Composite PMI Output Index in July, signaling neutral performance, up from 47.9% in June.

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