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Scott Helberg

@ScottHelberg

Scott Helberg is a senior tax advisor in RSM’s Chicago-based national real estate industry practice focusing on consulting and compliance for a variety of real estate entities. In May 2019, he was selected for the firm's cutting-edge Industry Eminence Program, which positions senior analysts to understand, forecast and communicate economic, business and technology trends shaping the industries the firm serves.

Traditional retail’s loss has been industrial’s gain

Dec. 22, 2020 by Nick Grandy and Scott Helberg

The holiday season is upon us and like most everything that has happened in 2020, it will bring unprecedented experiences due to the pandemic. Most people associate the holidays with buying presents for friends and family and getting together to share each other’s company. But with the coronavirus still raging, these time-worn practices may not be possible. ... READ MORE >

CHART OF THE DAY: Vaccine at the top of holiday wish list for senior housing

Dec. 14, 2020 by Scott Helberg

A coronavirus vaccine is on the verge of broad distribution, and it cannot come soon enough for the operators of facilities that house the nation’s elderly. Senior housing of all kinds – including independent and assisted living facilities, as well as those that offer skilled nursing – have been hit hard by the pandemic, both in human and economic terms. ... READ MORE >

CHART OF THE DAY: Home builder optimism reaches record high

Aug. 18, 2020 by Scott Helberg

Many industries are still recuperating from the impact of the pandemic, but housing has been fortunate to experience a V-shaped recovery. Not only has the Housing Market Index from the National Association of Home Builders recovered to pre-pandemic levels, it has now matched December 1998 for an all-time high in the index’s 35-year history. All three index ... READ MORE >

12.3 million rental units at risk when federal eviction moratorium ends Friday

Jul. 24, 2020 by Scott Helberg

Local courts should be prepared for an influx of filings as the federal eviction moratorium under the CARES Act officially expires on Friday. In late March, the national stimulus legislation put in place a moratorium of 120 days on specific types of properties, including those with federally backed mortgage loans. According to the Urban Institute, over ... READ MORE >

Housing remains a leader in the economic recovery

Jul. 17, 2020 by Scott Helberg and Nick Grandy

Housing continues to be a bright spot in the economy, with housing starts jumping 17.3% in June and housing permits rising 2.1% -- the second straight month of gains following the economic shutdowns of March and April. While the June housing data, released by the Commerce Department on Friday, may have been short of market estimates, the growth in ... READ MORE >

A bright spot amid the economic wreckage of coronavirus: apartment rental payments

May. 8, 2020 by Scott Helberg

While many businesses remain closed and the country experiences record levels of unemployment, apartment owners can take some solace that tenants are still making their rent payments. On Friday, the National Multifamily Housing Council released its Rent Payment Tracker, and reported that 80.2% of apartment households made a full or partial rent payment as ... READ MORE >

For real estate companies, the new Paycheck Protection Program funding is not a cure-all

Apr. 22, 2020 by Laura Dietzel and Scott Helberg

It took about two weeks for the $349 billion Paycheck Protection Program, a federal aid package aimed at shoring up small and medium-size businesses, to run out of money after it was launched on April 3. Now, the Senate has approved another $310 billion for the program. The new round of financing is part of a broader $484 billion package passed on ... READ MORE >

How the real estate sector can weather an economy that has all but ground to a halt

Apr. 2, 2020 by Scott Helberg, Troy Merkel and Laura Dietzel

In the real estate industry, the first of the month holds a certain significance – after all, it’s when rent payments are due. But this April 1 is quite different, coming amid the steep economic downturn caused by the coronavirus pandemic. Landlords are girding for the very real prospect that the $81 billion owed to them in rent payments, according to ... READ MORE >

Can hotels become hospitals? Thinking creatively about how to put empty space to work

Mar. 20, 2020 by Laura Dietzel, Rick Kes and Scott Helberg

Hotel companies in the United States are imploring Washington for relief amid the escalating cancellations because of the coronavirus pandemic. Industry leaders face seemingly impossible decisions as revenues have all but disappeared while significant fixed expenses remain. Chief executives from the largest hospitality companies – including Marriott ... READ MORE >

As coronavirus spreads, pain goes beyond the hospitality and travel industries

Mar. 13, 2020 by Laura Dietzel, Troy Merkel and Scott Helberg

As the human and economic toll of the coronavirus mounts, the real estate industry in North America is wondering where it can safely place its bets. The hospitality industry has taken the brunt of the hit so far, but other sectors of the economy have been nervously watching as the events unfold. Hospitality After the World Health Organization cautioned ... READ MORE >

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About The Real Economy Blog

The Real Economy Blog from RSM US LLP was developed to provide timely economic insights about the middle market economy. It is offered as a complement to RSM’s macroeconomic thought leadership, including The Real Economy monthly publication and the proprietary RSM US Middle Market Business Index (MMBI).

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The Real Economy Blog
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