Building Momentum
Spring 2010
Industry Insights
Our economy may not be out of the woods yet, but signals from key economic sectors indicate the magic hour has arrived to maximize the investment potential of your building project.
Real Estate
The housing market, a touchstone for the health of our economy, is stabilizing. The National Association of Realtors reported a 7.4 percent rise in home purchases – the fastest pace since February 2007. The Dow Jones new home index climbed 4 percent while building permits hit a 17-month high.
Economy
During the fourth quarter, the U.S. economy grew at its fastest rate in more than six years. With the Standard & Poor’s 500 index closing at its highest level in 14 months and a 5.4% growth in the GDP, investors are showing greater confidence.
Building Costs
While the economy is showing remarkable signs of recovery, lumber and drywall costs are 37% below 2004 prices – creating a unique but narrowing window of opportunity for investors ready to begin their construction project.
The housing market is stabilizing…
Our economy is gaining ground…
Construction costs are low but rising…
Now is the perfect time to contact W&O for a free Cost Feasibility Study of your building project’s investment potential.
