The study was prepared by researchers at California StateUniversity Fullerton's Institute for Economic and EnvironmentalStudies. "There doesn't appear to be any signs of a recession …[though] the U.S. economy would appear to be slowing down at afaster rate than California," says Adrian Fleissig, a CSUFanalyst.
The school's Southern California Index, published quarterly, wasdeveloped several years ago to gauge the five-county Southlandarea's economic health and compare it to the rest of the nation.While the Southern California Index rose a solid 0.56% in thesecond quarter, the school's US index rose a mere 0.03%.
The index looks at seven key economic indicators. Five of theseven for Southern California rose in the latest quarter, Fleissigsays, led by a sharp increase in the number of building permitstaken out by residential and commercial developers.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
