Is Market Rebounding? Higher Bids for Public Works May Be a Sign

Tupelo Mississippi just ran into a problem: the bids that it solicited for its new aquatic center came in way too high…the lowest bidder placed a bid that was $1.4 million over budget.  Many times public works bid solicitations come in over budget because there are not enough bidders: that wasn’t the case in Tupelo, […]

Construction Activity Recedes in February 2012, Putting a Damper on a Hopeful Start to the Year

Despite a previously aggressive outlook from the U.S. Bureau of Labor and Statistics, construction spending fell again for the second straight month in February of 2012.  In the second month of the year, construction spending fell by the largest amount in seven months. Widespread weakness in spending on home building, office construction and government projects […]

U.S. Predicts Growth in 2012

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Property Values Continue to Increase…But the Numbers Are Tricky

Today it was reported that the Standard & Poor’s Case-Shiller Index rose 0.3 percent in January from December, seasonally adjusted.  This marks the index’s eighth consecutive monthly increase. But the news was not all good.  Seasonal adjustment of data lifts the numbers in the winter months, when the number of home sales is usually much less than the […]