Economic data this week provided insight into three aspects of the domestic economy: the consumer picture, inflation measures and the manufacturing sector. In light of this week’s information, we believe that GDP growth is tracking at around a 1.8 percent annual pace for the third quarter.
New Strategist Publications' Cheryl Russell notes that U.S. households grew by 1 million between 2010 and 2011, "the largest [increase] since 2006-07 and more than three times as great as the increase between 2009-10."
NAHB's Multifamily Production Index (MPI) rose for a fourth consecutive quarter in the April-June period of this year, according to newly released figures on Sept. 8.
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.