National housing starts rose 4.4 percent year-over-year in December and topped one million units during 2014, according to the U.S. Commerce Department. Those numbers were driven mostly by gains in single-family housing construction, according to the commerce department, which released its data Wednesday. “[These] figures continue to be in line …
Read More »As expected, holiday sales were solid
U.S. retail sales rose 4.6 percent in December year-over-year, as the country completed is strongest holiday shopping season in several years. GAFO-store sales – which measures sales in department stores, including furniture, electronics, clothing and sporting goods – were up 2.9 percent compared with December 2013, according to recent data …
Read More »Inland retail market expected to do well in 2015
Just don’t look for anything spectacular. Lease and vacancy rates will improve only slightly, and very little construction will happen. The market is treading water, waiting for the full economic recovery believed to be a year away. The Inland Empire retail market, which was stopped cold when the Great Recession …
Read More »Housing market closes 2014 strong
Southern California home sales rose significantly in December, boosted in part by lower mortgage rates and solid job growth. More than 19,000 new and used single-family homes were sold in the six-county region last month, a 4.3 percent increase compared with December 2013, according to CoreLogic DataQuick in San Diego. …
Read More »Housing market closes 2014 strong
Southern California home sales rose significantly in December, boosted in part by lower mortgage rates and solid job growth. More than 19,000 new and used single-family homes were sold in the six-county region last month, a 4.3 percent increase compared with December 2013, according to CoreLogic DataQuick in San Diego. …
Read More »U.S. adds jobs, unemployment falls to 5.6 percent
The U.S. economy added 252,000 jobs in December, ending the country’s best year for hiring in 15 years. Unemployment dropped to 5.6 percent – down from 5.8 percent in November – the lowest jobless rate since 2008, according to data released Friday by the U.S. Department of Labor. Also, 50,000 …
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