The NAHB/First American Improving Markets Index (IMI) identifies metro areas that have shown improvement for at least six months in three key areas — housing permits, employment and home prices.
Speaking to the Council of Forest Industries Convention in Prince George, B.C., Premier Christy Clark announced the creation of the long-awaited Wood Innovation and Design Centre, with plans for it to be the tallest woodframe building in the world.
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.