Funds
Dec 12, 2024
The 'silver tsunami' is set to boost renovators and coffee in 2025
With the new year right around the corner, TD Cowen deputy head of research Lisa Thomas sits down with Market Domination Hosts Julie Hyman and Josh Lipton to discuss what she expects to be a top trend of 2025: shifting age demographics. "The 65-plus population surge, the silver tsunami, is really significant. So by 2050, you are going to have nearly a quarter of the population that is 65 or older. That's up from 18% right now," Thomas says, explaining, "There are huge implications, in big ways and then in everyday ways." Thomas goes on to say that "at a macro level, you have to think about things like home renovation because nearly 75% of the people that we've spoken to in that cohort do plan to or hope to age in [their] home, and so there's a huge amount of home renovation that's going on as they modify their homes to make way for aging in place... And when you think that that's a $1 trillion market in North American home renovation, we think that under some scenarios, that could continue to grow another 5% or 6%." "On the everyday side of the spectrum, one thing that came out of our work is coffee. So it turns out when you get older, you drink more coffee," Thomas explains, connecting this experience with the reason why coffee chain Dutch Bros. (BROS) is among TD Cowen's "best ideas for 2025. Watch the video above to learn more about the expected trends, including reshoring and weight-loss drugs. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Naomi Buchanan.
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Dec 12, 2024
2 ways Trump's immigration proposals affect commercial real estate
President-elect Donald Trump talked about his plans for immigration reform at the New York Stock Exchange when he rang the opening bell Thursday morning after being named Time's "Person of the Year" for the second time. Trump's proposed mass deportations could have a complex impact on the real estate market. Marcus & Millichap (MMI) CEO Hessam Nadji sits down with Catalysts Co-Hosts Seana Smith and Madison Mills to discuss the expected impact of Trump's second term and immigration policy on the commercial real estate market. "It has two different aspects to it," Nadji says, pointing to two big factors: the workforce housing renter and increased construction costs. "The workforce housing renter tends to have a very large migrant population. If the threats of deportation and so on really do play out at the scale that Donald Trump is talking about, that would affect a lot of gateway markets, [such as] Class B and [class] C apartment renters," the CEO adds. "And then on the other side of the equation, not just on the construction labor force, which would be affected, of course, but also when you hear things about tariffs and trade conflict with our trading partners, that affects supply, that affects lumber prices, that affects all kinds of aspects of new construction." Nadji notes the uncertainty still surrounding all of this: "What people say versus what they're able to actually execute are often two different things. So the market isn't panicking about that. Our clients certainly aren't overly concerned." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.
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