Commercial Real Estate Index Maintains Uptrend in Second Quarter
U.S. Newswire › August 21, 2006
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Summary
WASHINGTON, Aug. 21 /U.S. Newswire/ -- The Commercial Leading Indicator for Brokerage Activity (see note) a leading indicator for the commercial real estate market, shows an improvement in commercial sectors will continue into 2007, according to the National Association of Realtors(r).
During the second quarter, the Commercial Leading Indicator for Brokerage Activity was at an index of 119.4, up 0.4 percent from a reading of 118.9 in the first quarter. The index is 2.5 percent above the second quarter of 2005 when it stood at 116.5. The second quarter index was the fifth straight quarter of growth.See the full content of this document
Extract
Commercial Real Estate Index Maintains Uptrend in Second Quarter
David Lereah, NAR's chief economist, said the improvement is long- term. "Our commercial leading indicator has risen in 11 out of the last 12 quarters, meaning the recovery in commercial real estate ...
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