Economic

The Federal Reserve's Beige Book commentary reveals the group's read on economic trends, which have lost their head of steam.

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.

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.