The top ten trends for December point to concerns in the economy, some weak signals in the capital markets, and a glimmer in the weak housing market, reports the Urban Land Institute. Compared with a year ago, 57% of key indicators are better and 43% are worse. - Private construction value put in place increased in October to about 54% of the pre-recession high registered in March 2006.
- Commercial property transaction volumes were down in October and are now below the long-term monthly average.
- Multifamily housing permits jumped in October to a monthly level not seen since September 2008.
- Permits and starts of new single-family homes showed healthy growth in October, while sales just inched up and prices sagged slightly.
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