The Real Estate Roundtable’s first quarter sentiment index, released Friday, registered at 55, up seven points from the pre-election fourth quarter.
“The Trump administration and a new Congress are aiming to unshackle the economy by focusing on growth-oriented policies,” the Roundtable’s chief executive and president Jeffrey DeBoer said in a statement.
“As our Q1 Sentiment Index shows, leaders in commercial real estate are cautiously optimistic about what policy changes may bring, yet concerned about any potential unintended consequences that could threaten real estate’s vast contributions to the U.S. economy.”
A recent report on trends in the U.S. property market in 2017 said it would be characterized by continued strong fundamentals, increased investor flows and high transaction volume.
The Real Estate Roundtable’s overall sentiment index is scored on a scale of 1 to 100 by averaging current and future indexes; any score above 50 is considered positive.
The first quarter’s current-conditions index of 55 increased by four points from the previous quarter, and rose by one point compared with the first-quarter 2016 score of 54.
At the same time, the future-conditions index of 55 rose by nine points from the previous quarter, and is up 10 points compared with the same time a year ago.
The first-quarter index was based on a survey conducted among real estate executives in January by FPL Associates.