Tag: Optimistic
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Pros Remain Somewhat Optimistic Despite Slowed Activity
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A score lower than 50 indicates that more firms reported a decrease in their recent business activity than reported an increase. 3. Recent business activity has decreased. The Recent Business Activity Indicator, which is related to project inquiries and new committed projects, dropped by 3 points, to 45, in Q1 2024, down from 48 in…
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Home Pros Remain Somewhat Optimistic Despite Slowed Activity
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A score lower than 50 indicates that more firms reported a decrease in their recent business activity than reported an increase. 3. Recent business activity has decreased. The Recent Business Activity Indicator, which is related to project inquiries and new committed projects, dropped by 3 points, to 45, in Q1 2024, down from 48 in…
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Pros Are Optimistic About 2024 After a Challenging 2023
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More than 3 in 5 residential building and design professionals expect that 2024 will be a good or very good year, according to the just-released 2024 U.S. Houzz State of the Industry report. Following an industrywide dip in revenue growth in 2023, pros across sectors are forecasting revenue increases this year — even as the…
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Optimistic Color Palettes and Whimsical Hues at Maison & Objet
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The Maison & Objet design fair recently celebrated its 30th birthday in technicolor. Straddling nature and technology, as dictated by the Tech Eden theme of the Jan. 18-22 trade event at the Paris Nord Villepinte Exhibition Center, this year’s palette was all about creating a world of optimism that looks joyfully toward the future. Let’s…
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Outlook Is Mildly Optimistic Among Design and Construction Pros
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Businesses across the home design and remodeling industry report that they closed 2023 with improved activity compared with the previous quarter, and they entered the first quarter of 2024 anticipating continued moderate growth. Meanwhile, backlogs are shorter than they were a year ago and have settled to pre-pandemic levels. Those are the key takeaways from…
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Pros Are Mildly Optimistic Despite Slowed Activity in Q2 2023
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As in the construction sector, backlogs in the architecture and design sector vary regionally. The West North Central division (North Dakota, South Dakota, Nebraska, Kansas, Missouri, Iowa and Minnesota) has the shortest backlog at the start of Q3, at 2.5 weeks. The East South Central division (Alabama, Kentucky, Mississippi and Tennessee) has the longest, at…
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Harnessing the Power of Port Markets: Black Salmon’s Optimistic Stance on Industrial
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Stephen Evans, Managing Director, Black Salmon. Image courtesy of Black Salmon Although there is a growing sense of unease about the health of the commercial real estate industry—mainly due to banking woes— the industrial sector remains resilient. As of April, national in-place rents stood at $7.18 per square foot, up 7.3 percent year-over-year, according to…
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CRE Midyear Outlook: Cautiously Optimistic
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Near the midpoint of a year that was widely predicted to see continued uncertainty in investment and development across all commercial real estate sectors, the industry appears to be adapting. Insights from a June 1 CPE Voices webinar moderated by Editorial Director Suzann Silverman, which featured economists, operators and investment managers, detailed no shortage of…
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The Sky is Falling… But There Are Still Plenty of Reasons to Remain Optimistic
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It’s funny how quickly things can change. I took some time over the past weekend to read through some of the articles that I published last year. The topics that I covered varied from article to article, but the underlying theme was consistent. It was high times in the PropTech industry. Record amounts of funding…
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Survey Finds That Service Members, Veterans Are Optimistic About Home Buying In 2023
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Zero down payment is the No. 1 reason veterans and service members choose a VA loan. getty Despite a challenging year of higher home prices and interest rates, a recent survey shows that many military members and veterans are optimistic about buying a home, especially those currently serving our country. Nearly three quarters of current…
