Archive for March, 2010
The U.S. unsold new homes picture deteriorates again in February
Today’s report from the Census Bureau and the Department of Housing and Urban Development records further unpleasant news for the U.S. housing sector. The number of new single-family unsold homes, after falling to an unprecedented low of 232,000 units in December 2009, has edged up again slightly in the last two months.
Extinguishing the Olympic torch will not cool Vancouver’s economy for long
Given the volume of construction driven by the Olympic Winter Games over the past six years, there is little doubt that the Vancouver economy will experience some cooling off following the extinguishing of the Olympic torch. However, there is increasing evidence that the effects of this loss in local, game-related, economic stimulus will be offset by a steady strengthening of national and global economic activity.
Twenty large upcoming hotel and retail construction projects— March 2010
The accompanying tables show 20 of the largest upcoming hotel and retail construction projects.
Sustainable Expansion Underway in Eleven States through January
Economic activity expanded in twenty-six states in January, up from seven in December, with eleven states recording growth over the three months through January.
Ranking States by Recent Economic Performance – January 2010
This chart shows the ranking of states by recent economic performance, including data on the last three months (annualized – January) and changes in economic activity for the latest three months (annualized) versus the previous year.
