HUD Reports U.S. New Home Sales Decline in June

David Crowe According to HUD and the U.S. Census Bureau, sales of newly built, single-family homes slowed 8.4 percent to a seasonally adjusted annual rate of 350,000 units in June following an upwardly revised, strong pace in the previous month. “While we would have liked to see
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Approaching a Tipping Point? U.S. Office Rent Growth Lags Despite Rising Tenant Demand

Although rising levels of office absorption and a falling U.S. vacancy rate signal a strengthening market, the gains have yet to translate into meaningful rent increases for office landlords in most markets, CoStar Group reported this week in the company’s Second-Quarter 2012 Of
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Asian shares slip on weak U.S. data, Italy debt sale eyed

TOKYO (Reuters) – Asian shares slipped on Thursday as weak U.S. retail sales data raised fresh concerns about sluggish economic growth, while an Italian debt auction later in the day will test market confidence in whether Rome can avoid becoming the next victim of the euro zone
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U.S. Home Price Index Shows Year-Over-Year Increase of Just Over 1% in April, Second Increase in 2012

According to CoreLogic’s April Home Price Index (HPI) report, home prices nationwide, including distressed sales, increased on a year-over-year basis by 1.1 percent in April 2012 compared to April 2011. This was the second consecutive year-over-year increase this year, and the f
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Retailers Cautiously Eyeing Expansion Into More U.S. Markets as Shopping Activity Rises

While the first quarter gains are far from dramatic, retail real estate fundamentals steadily improved at the beginning of 2012 as job creation and economic growth lure more consumers into U.S. shopping centers, leading retailers to expand their footprints into a broadening list of me
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U.S. Government’s New Tourism Goal: Annually Attract 100 Million International Visitors by 2021

Roger Dow Roger Dow, president and CEO of the U.S. Travel Association is a happy man this week. That is because the White House recently announced their new National Travel and Tourism Strategy, which includes the lofty goal of having over 100 million annual international visitors com
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Port of Los Angeles Makes Plans to Stay Top Ranked U.S. Port Over Next 5 Years

Port of Los Angeles & Long Beach The Los Angeles Harbor Commission this week unanimously adopted a five-year strategic plan for the Port of Los Angeles for 2012-2017. The plan focuses on three key result areas, or KRAs – competitive operations, strong relationships and finan
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U.S. Architecture Billings Index Continues Upward Trend, Driven by Commercial Projects

According to the American Institute of Architects (AIA), the commercial sector continues to lead the U.S. – focused Architecture Billings Index (ABI), which has remained in positive territory for the fifth consecutive month. The ABI is a leading economic indicator of constructio
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U.S. Commercial Markets Not Feeling Effects of Increased Employment Hiring Yet, Mainly Backfilling Shadow Inventory

Jon Southard, CBRE According to the latest analysis from CBRE Econometric Advisors (CBRE-EA), the US commercial markets posted mixed results in the first quarter of 2012. CBRE-EA recently shared with World Property Channel the following U.S. commercial market trends; The US office vac
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U.S. Housing Market Has Begun Nascent Recovery, Says Freddie Mac Report

Frank Nothaft According to Freddie Mac’s U.S. Economic and Housing Market Outlook for March, there are signs the U.S. housing market is awakening from its depression-like condition of the past few years and beginning, though slowly, to make a nascent recovery. Frank Nothaft, Fre
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