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ISM non-manufacturing PMI falls more than expected

October 6, 2015 |

We got two data points on the services sector, which showed that it’s still in good shape and there is jobs growth.

ISM’s non-manufacturing index for September came in at 56.9; economists had estimated it at 57.5, down from 59.0.

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New Plan for Woodward Ave Includes “Parisian” Boulevard

October 6, 2015 |

A new “Complete Streets” plan for Woodward Avenue include the M-1 Rail, bus rapid transit, and what planners call “a Parisian Boulevard” in a grand re-design to extend from Six Mile all the way to Pontiac. The Woodward Avenue Action … Read More

Economy Watch: Office Market Recovery Accelerating

October 5, 2015 |

Reis Inc. reported last week that 2015 might well be the best U.S. office market in terms of absorption and dropping vacancies since before the recession. During 3Q 2015, net absorption nationwide exceeded construction, causing vacancy to drop by 10 … Read More

Reis: Apartment Vacancy Rate increased in Q3 to 4.3%

October 2, 2015 |

Reis reported that the apartment vacancy rate increased in Q3 2015 to 4.3%, up from 4.2% in Q2, and unchanged from 4.3% in Q3 2014. The vacancy rate peaked at 8.0% at the end of 2009.

A few comments from … Read More