Economic

The American Institute of Architects (AIA) issued the most comprehensive look yet at the built environment’s role in economic recovery, highlighting six specific policy steps that will generate jobs and help grow the American economy.

The National Association of Home Builders has released a new monthly index that examines metropolitan areas that have shown sustained economic improvement. 

Total construction spending fell 1.3 percent in July, which was well below expectations. Previous months’ data were revised upward, however. Residential spending fell 1.6 percent and nonresidential fell 1.1 percent. 

It is hardly a secret that Arizona’s housing market suffered one of the worst collapses in the country, following nearly a decade of strong growth.

The S&P/Case-Shiller Index, a leading indicator of U.S. housing prices, delivered some good news for a change on Aug. 30.

The result of the 2009 policy change was a significant increase in the use of these tax credits, which led to remodeling activity and job creation.

An economic outlook report released Thursday for members of the North American Building Material Distribution Association (NBMDA) points to positive trends.

U.S. manufacturing continues to slowdown as output and orders fell below break even but employment held up.

​For public and private decision makers, there were three papers presented at Jackson Hole that are worth a read.

Chairman of the Federal Reserve Ben Bernanke today gave a speech outlining near-term and long-term prospects and policy considerations concerning the nation’s economy. While Bernanke noted some positive developments have occurred in the two years since NBER’s end-date for the Great Recession, he also detailed economic disappointments that are a source of ongoing concern for any small business owner or stakeholder in the housing market.