Fire recovery will be long, other areas have learned
It takes the entire community — and a helping hand from the federal government — to recover from a disaster as destructive as the Waldo Canyon fire.
The news headlines might scream that this is the worst economic recovery ever, but one economist said it mirrors past recoveries, and in some areas is even better. “This recovery is falling in line with the last two recoveries,” said Jim Paulsen, Wells Capital Management chief investment strategist. At this rate, he said, the economy [...]
Continue reading …The Mortgage Bankers Association forecasts that home sales will rise slightly in 2011 but won’t really gather momentum until 2012. The industry group’s latest report released this week predicts existing-home sales — forecast to be about 8 percent lower this year than last, are expected to grow by less than 2 percent next year before [...]
Continue reading …Construction employment expanded in 56 out of 337 metropolitan areas between August 2009 and August 2010 according to a new analysis of federal employment data released this week by the Associated General Contractors of America. More cities added construction jobs during the past year than at any point since September 2008, indicating that the worst [...]
Continue reading …Pikes Peak region first quarter 2010 home sales statistics reflected an invigorated market. Pikes Peak Realtor Services Corp. reported that through March area the Pikes Peak region recorded 723 closed residential sales. That’s up almost 28 percent from the same month last year. At the same time, March sales prices trended upward. The median sales [...]
Continue reading …Once small business owners provide a product or service — it’s time to mail out the bill. As soon as a bill is past due, the odds of ever collecting on it decrease rapidly. On the due date, there is a 94.9 percent chance of collecting the amount due. By 90 days, it decreases to [...]
Continue reading …It may be wishful thinking, but some commercial real estate analysts believe economic belt tightening has encouraged better than expected labor productivity – and better market conditions for the industry. Usually during a recession, labor productivity decreases as businesses only gradually reduce payrolls to match their reduced order flows, Grubb & Ellis reported this week. During [...]
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