Colliers’ Phoenix Q1 Multifamily Review
By Thomas Brophy for Colliers International While nearly every aspect of life has changed since March 1st of this year, it is necessary to take stock of where the market was prior to the COVID-19 shock knowing that all previous data sets relied upon have changed. As Elliott Pollack so eloquently stated in his ‘The Monday Morning Quarterback,’ 4/6/2020 post: “You shouldn’t be […]
ABC: Nonresidential Employment Up in Feb.
Source: Associated Builders and Contractors The construction industry added 42,000 net new jobs in February, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 223,000 jobs, an increase of 3.0 percent. Nonresidential construction employment increased by 19,800 […]
June Construction Starts Stumbled
By Alex Carrick for ConstructConnect ConstructConnect announced that June construction starts, excluding residential activity, fell -13.7 percent versus May. The usual May-to-June change, due to seasonality, is +4.5 percent. June of this year versus a strong June of last year was -16.3 percent. Standalone June of this year versus June’s average level over the previous […]