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Phoenix Sweats Out Top Ranking For Business Recruitment
Posted on 06/20/2007 21:31:32 | Link | Post Comment
Housing industry still looking for the bottom
from MSNBC.com, reports that as the housing market remains weak in many parts of the country, home builders are looking to see when the industry will hit bottom. "I still think we're not at the bottom in terms of housing construction," said Mark Vitner, a senior economist at Wachovia Corp. "Sales have to bottom out first... We haven't seen that yet. And construction starts will probably bottom out six to nine months after that." Hardest hit regions were the ones that experienced rapid growth during the height of the housing boom, including California, Florida, Arizona and Nevada. "I would say we have not got the bad times behind us," said Robert Toll, CEO of Toll Brothers last month. "Though it could be. You never know", Toll added. It is unclear how long it will take the home building industry to recover, but industry watchers say much depends on the overall economy, which so far, has been able to shrug off the housing downturn.
Phoenix sweats out top ranking for business recruitment
from the Business Journal of Phoenix, reports that Phoenix claimed the number one ranking from Expansion Management magazine as the best place for recruitment and attraction, and Arizona ranked as the top state. Maricopa County came in at number 4 for counties in the U.S. Two Arizona cities also made the midsize list: Tucson at No. 4 and Flagstaff at No. 5. Yuma came in at 7th on the small cities list. The magazine, geared to company executives looking to expand or relocate their facilities, worked with the National Policy Council think tank to develop the rankings. The council analyzed the relocation activity of 19 million companies over the past eight years to determine the most popular commercial relocation destinations.
May housing starts fall 2.1%, but permits rise 3%
from USA TODAY, reports that May housing starts fell 2.1% nationwide, but permit activity, a sign of future building activity, rose more than anticipated, according to the latest numbers from the Commerce Department. Analysts saw Tuesday's data as suggesting that the stagnant housing market could be showing faint signs of life. "On balance while the report does not yet make the case we are out of the woods, it does suggest that the inventory drawdown is running its course and points to stabilization in housing," said Alex Beuzelin, senior market analyst with Ruesch International in Washington.
Housing Bubble and Real Estate Market Tracker from SA for 6/20
from MSNBC.com, reports that as the housing market remains weak in many parts of the country, home builders are looking to see when the industry will hit bottom. "I still think we're not at the bottom in terms of housing construction," said Mark Vitner, a senior economist at Wachovia Corp. "Sales have to bottom out first... We haven't seen that yet. And construction starts will probably bottom out six to nine months after that." Hardest hit regions were the ones that experienced rapid growth during the height of the housing boom, including California, Florida, Arizona and Nevada. "I would say we have not got the bad times behind us," said Robert Toll, CEO of Toll Brothers last month. "Though it could be. You never know", Toll added. It is unclear how long it will take the home building industry to recover, but industry watchers say much depends on the overall economy, which so far, has been able to shrug off the housing downturn.
Phoenix sweats out top ranking for business recruitment
from the Business Journal of Phoenix, reports that Phoenix claimed the number one ranking from Expansion Management magazine as the best place for recruitment and attraction, and Arizona ranked as the top state. Maricopa County came in at number 4 for counties in the U.S. Two Arizona cities also made the midsize list: Tucson at No. 4 and Flagstaff at No. 5. Yuma came in at 7th on the small cities list. The magazine, geared to company executives looking to expand or relocate their facilities, worked with the National Policy Council think tank to develop the rankings. The council analyzed the relocation activity of 19 million companies over the past eight years to determine the most popular commercial relocation destinations.
May housing starts fall 2.1%, but permits rise 3%
from USA TODAY, reports that May housing starts fell 2.1% nationwide, but permit activity, a sign of future building activity, rose more than anticipated, according to the latest numbers from the Commerce Department. Analysts saw Tuesday's data as suggesting that the stagnant housing market could be showing faint signs of life. "On balance while the report does not yet make the case we are out of the woods, it does suggest that the inventory drawdown is running its course and points to stabilization in housing," said Alex Beuzelin, senior market analyst with Ruesch International in Washington.
Housing Bubble and Real Estate Market Tracker from SA for 6/20
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