Sentiment among purchasing managers at the nation’s service companies picked up modestly in August, suggesting that, despite other bad news, the economic recovery is not completely stalling.
Neither recession nor boom, but a disappointing middling growth outlook demands that investors and decision makers choose economic policies carefully.
With overall economic growth sputtering, the exceptionally modest recovery we have seen so far in home sales is likely to become even more sluggish.
While it was a fairly light week for economic data, speeches by President Barack Obama and Fed Chairman Ben Bernanke dominated headlines.
Builders must take whatever steps are needed to be in compliance with OSHA’s Subpart M-Fall Protection beginning on Sept. 16.
Economic activity continued to expand at a modest pace; Multifamily improved; Total Revenue of Architectural and related services firms increased.
Unlike previous housing start cycles, the correction after the housing "bubble" from 2003 to 2006 was NOT caused by tight monetary policy or high interest rates. All of the previous housing cycles were driven by monetary policy actions.