RICS Global RE Weekly: Construction Spending Declines in Japan to Ease
Date:8/14/2009 5:35:00 PM
data are released next week in
the first estimate of second quarter GDP which may show that the economy grew
for the first time in 15 months. Released on the same day is the latest
construction spending data. RICS expect that construction spending may show
some improvement as activity declines in both the residential and commercial
property markets start to ease.
US housing market improving very gradually
The closely watched NAHB housing market index is due for release on Monday
17th. Strength in recent building permit numbers (including a 10% m/m increase
in June) suggest that housing starts should continue to increase, albeit
gradually, from here.
UK housing starts to rise for second successive quarter
Second quarter figures on house building in
Thursday 20th. These will be closely watched for confirmation that the
dramatic scaling back in the number of housing starts in the midst of the
credit crunch has run its course.
Please download from the following for the complete report content:
http://www.creativegp.com/RICS/RICSWeeklyRealEstateComment-Aug14.pdf
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http://www.ricsasia.org
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Ms May Cheung or Mr Sam Leung
Tel: +852-2372-0090
Email: may@creativegp.com / sam@creativegp.com
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