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U.S. construction performed well despite pandemic

Inland Empire labor market recovers from COVID-19

Despite the ongoing presence of COVID-19, commercial and multifamily construction starts performed well in 2021, according to a just-released survey. The value of commercial and multifamily construction starts in the top 20 U.S, metropolitan areas increased 18 percent between 2020 to 2021, according to Dodge Construction Network, a New Jersey-based firm …

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Inland Empire manufacturing starts 2022 on a high note

Welding Facility in Fontana CA

The region’s manufacturing sector has been growing for more than one year without interruption, but there could be some bumps in the road, or worse, during the next 12 months. Much will depend on whether inflation is held in check.     Inland Empire manufacturing appears to be in good …

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Inland manufacturing closes out 2021 strong

The Inland Empire’s manufacturing sector grew for the 16th consecutive month in December. The region’s purchasing managers index last month was 55.5, down slightly from November but still above the baseline 50 that determines growth or reductions, according to data released this week by the Institute of Applied Research and …

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Inland economy sets up well for 2022

Despite the supply chain disruption, Omicron variant, and labor shortage, the Inland economy should do OK, but probably not great, in 2022. Much depends on whether the Federal Reserve decides to raise interest rates and if it does, by how much. Some clouds are on the horizon – creeping inflation, …

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State housing market stays strong

Nationwide housing prices take record jump

California’s housing market remained strong in November, despite its perennial problem of not enough houses being built, according to the California Association of Realtors. Sales of existing, single-family homes totaled 454,450 last month, up 4.7 percent from October but down 10.7 percent year-over-year, the association reported. Statewide, the median home …

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Huge year looms for e-commerce returns

E-commerce returns this year could total $66.7 billion, a 45.6 percent increase compared with the average amount compiled during the last five years, according to data released last week. That would mean more stress for retailers, many of whom are having enough problems dealing with supply chain, CBRE said in …

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