Find out how the economy is faring at the local, regional and national levels in this special report.
Economic recovery broadened in April as consumer spending and industrial activity both continued to increase. Yet as the turmoil in Europe reminds, the economy may be out of the woods, but financial conditions remain swampy.
WASHINGTON -- Construction of homes surged in April to the highest level in 18 months, fueled by buyers capitalizing on an expiring tax credit. Permits for new construction sank, signaling the rebound could fade.
A gas price spike is unlikely in the near term thanks to Europe’s debt troubles, but higher gas and oil prices are “inevitable” in the next few years as global demand grows, experts say.
The San Diego economy is no longer contracting and is now on a slow path toward recovery, according to a Daily Transcript survey sampling business leaders in San Diego County.
WASHINGTON -- The number of homeowners who missed at least one mortgage payment surged to a record in the first quarter of the year, a sign that the foreclosure crisis is far from over.
WASHINGTON -- Consumer prices fell in April for the first time in 13 months, giving the Federal Reserve more room to keep interest rates at historic lows to aid the economy. That's good news for borrowers, but not for savers.
WASHINGTON -- Home construction rebounded last month to the highest level in 18 months as buyers capitalized on tax incentives. But now that those tax credits have expired, builders are scaling back.
WASHINGTON -- Fewer construction workers will be needed. Don't expect as many interior designers or advertising copywriters, either. Retailers will get by with leaner staffs.
NEW YORK -- Retailers are priming for a consumer comeback.
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There is little question that 2009 was one of the most difficult years in recent memory for both businesses and consumers alike. With 2009 now in the proverbial “rear-view mirror” and the first half of 2010 nearly gone, the economic outlook for San Diego is beginning to look more promising. Consumer confidence is improving and home prices are stabilizing. The difficult part of this economic recovery, however, remains the high unemployment rate. This too is stabilizing and should show signs of improvement later this year as recovery continues.
Most San Diego lenders agree that loan demand has picked up since the beginning of the year, although some say it’s not entirely due to economic recovery reasons.
Real estate is unlikely to pull the region out of its deep economic funk, but some local experts are “cautiously optimistic” about housing supply and pricing stability as well as a slight uptick in other key commercial and industrial market indicators.
You really have to give the American consumer a lot of credit. With Europe in turmoil, housing still a question, the job market struggling to make up lost ground, and major Wall Street firms under investigation, you would think they’d be hunkering down.
The outlook on San Diego unemployment is much brighter than it has been in months, with one caveat -- any decline in the unemployment rate will be at a crawl.
Fallout from Europe’s debt troubles will touch the United States and the San Diego economy, but its effects will be minimal, most economists and local business professionals agreed.
The unemployment picture is not a pretty one, despite recent job growth, a group of economists said at a roundtable earlier this week at the Daily Transcript offices.
KTU+A Principal Michael Singleton talks about his landscape architecture firm's practice and discusses a roundtable KTU+A is sponsoring at The Daily Transcript on April 22 that will look at the concept of "complete streets."
WASHINGTON -- Construction of homes surged in April to the highest level in 18 months, fueled by buyers capitalizing on an expiring tax credit. Permits for new construction sank, signaling the rebound could fade.
WASHINGTON -- The number of homeowners who missed at least one mortgage payment surged to a record in the first quarter of the year, a sign that the foreclosure crisis is far from over.
WASHINGTON -- Consumer prices fell in April for the first time in 13 months, giving the Federal Reserve more room to keep interest rates at historic lows to aid the economy. That's good news for borrowers, but not for savers.
WASHINGTON -- Home construction rebounded last month to the highest level in 18 months as buyers capitalized on tax incentives. But now that those tax credits have expired, builders are scaling back.
WASHINGTON -- Fewer construction workers will be needed. Don't expect as many interior designers or advertising copywriters, either. Retailers will get by with leaner staffs.
Find out how the economy is faring at the local, regional and national levels in this special report.
Find out how the economy is faring at the local, regional and national levels in this special report.
Find out how the economy is faring at the local, regional and national levels in this special report.
Find out how the economy is faring at the local, regional and national levels in this special report.
Find out how the economy is faring at the local, regional and national levels in this special report.
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