• Federal oversight? Trading sandboxes in my opinion. [Financial Times]Labels: California
posted by Rob Dawg @ 10:35 AM
15 Astute Observations
Work on The Collection — which will include a 50,000-square-foot Whole Foods Market, a 16-screen Century Theatres cineplex and an REI store — has slowed, reflecting the pace of the economy as a whole, said Colm Makem, president of Shea Properties, the developer.----
“We’ve moved the opening to the fall of 2010,” Makem said Monday. “Basically to reflect the slowdown in the economy and that’s why you’re seeing a slowdown in the construction.”
The company, which has other commercial and residential developments in California, Arizona and Colorado, has had to adjust work on those projects as well. The hope is the opening of The Collection will correspond with the upturn in the economy.
“We own a lot of real estate and we’re trying to pace the development with the economy,” Makem said. “Most economic forecasts are showing a turnaround in 2010.”
posted by Rob Dawg @ 10:53 AM
18 Astute Observations
posted by Rob Dawg @ 8:27 AM
4 Astute Observations
3,500 Vale Workers In Canada Walk Off The JobLabels: Economics
posted by Rob Dawg @ 1:58 PM
11 Astute Observations
posted by Rob Dawg @ 1:08 PM
5 Astute Observations
Labels: California
posted by Rob Dawg @ 10:04 AM
3 Astute Observations
"Pending Sales" == "The check is in the mail." When Realtors® start paying income taxes on their pendings rather than their closings I'll start paying attention to pendings. - Posted by: Rob Dawg | Jun 9, 2008 11:28:22 AM (on The Big Picture)The National Association of Realtors is trumpeting a fourth consecutive monthly gain in their report of pending home sales. The index tracks the number of contracts signed on homes, which increased in May by just 0.1% from the previous month. Pending sales are up 6.7% from a year ago.[emphasis added]
In the past those contracts would give a pretty good indication of what existing home sales would look like when the NAR reports its May numbers a few weeks later. These days the report’s reliability as an indicator is shakier. More pending sales appear to be falling through, as financing becomes harder to reach or as buyers and sellers renege on pricing.
In April, for example, contracts signed on homes rose 6.7% from the previous month, but existing home sales in May—when a lot of those contracts should have closed and been reported—increased by just 2.4%. Indeed, for nearly a year, the pending home-sales index appears to be over-predicting closed sales relative to historical levels, notes independent housing economist Thomas Lawler.
posted by Rob Dawg @ 5:27 AM
6 Astute Observations
Not once in the two decades since California's Proposition 98 school-funding formula became law have lawmakers bucked education groups to suspend it – so Gov. Arnold Schwarzenegger's push to do so has rocked the Capitol.----
Labels: California
posted by Rob Dawg @ 9:21 AM
12 Astute Observations
posted by Rob Dawg @ 8:46 AM
10 Astute Observations
Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Attack Rodent. Where's my friggin' laser?
To all who have been so very generous; THANK YOU. I am humbled by the response. We are nearing enough to "do thy will" and "do some good." This is the shameless Tip Jar wherein money to move EN to a permanent home may be deposited.
