Archive for July, 2010
Office Market Moves Closer to Recovery
The office construction market remains deep in recession but positive signs are accumulating that the process of moving to recovery are well underway. The office vacancy rate held steady at 19.6% in the 2nd quarter, according to Property & Portfolio Research which also reported that office rental rates are now declining more slowly and that tenants rented 9.3 million square feet of additional space during the spring
U.S. economy becalmed in summer doze
The most recent data releases south of the border provide further evidence that the U.S. economy has gone into a summer doze.
U.S. economy becalmed in summer doze
The most recent data releases south of the border provide further evidence that the U.S. economy has gone into a summer doze.
Economic Environment for Housing Slips
Jobs, income and credit residential market drivers are all improving except for home affordability which is slipping but is still at a near record high level. But the confidence and inventory of homes for sale market drivers have recently worsened after improving earlier in the year. Near record high home affordability is being trumped by near record low consumer and homebuilder confidence, says Reed Construction Data chief economist Jim Haughey.
Nonresidential: Commercial Environment Improving; Institutional Environment Worsening
Nearly half of the commercial market drivers are now positive or neutral.
