Building Permit Activity Gives USD Index a Boost
Thursday, August 2, 2012
San Diego Business Jounal -- An index measuring San Diego’s economy rose a tenth of 1 percent in June, the eighth consecutive time it’s moved up, propelled by a strong increase in the number of local building permits issued.
The latest rise in the University of San Diego Burnham-Moores Center for Real Estate’s Index of Leading Economic Indicators follows on increases of 0.7 percent in May and 0.6 percent in April.
The June index included three of its six components that increased, and three that declined. While the June rise was weak, and included three components that fell (the most in nine months), the outlook remains for positive growth, according to Alan Gin, the USD economics professor who compiles the data. (Full Story)