Archive for April, 2008
Posted in April 30th, 2008
No real surprises with the Fed’s 0.25% cut today; the Federal Open Market Committee voted 8-2 to lower the target for the federal interbank funds rate to 2%, the lowest level since 2004. Dissenting votes again came from Dallas Fed President Richard Fisher and Philadelphia Fed President Charles Plosser; remember those names for future reference, […]
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Posted in April 30th, 2008
Economic development news from Providence covering recent months include:
Concordia Manufacturing, LLC recently announced plans to expand their operation in Warwick. The company, which manufactures medical equipment, will be hiring 10-15 new employees in the next year.
Kelly Space & Technology, Inc., a California company focusing on aerospace, energy and homeland security technologies, is opening an operation […]
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Posted in April 30th, 2008
Economic development updates from Rochester during recent months include:
Xerox Corp. recently opened a new facility near Rochester. The new plant will produce emulsion aggregation toner, which is more environmentally friendly than traditional toner. Forty new employees will staff the plant.
Technorati Tags: redfish emerging markets, new york market news
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Posted in April 30th, 2008
Economic development updates for Syracuse during recent months include:
BITZER Scroll, a manufacturer of air conditioning and refrigeration compressors, recently announced plans to open a manufacturing facility in Syracuse. The company will renovate and use a former General Motors facility in the town of Salina, just outside Syracuse. The move will create almost 300 new jobs […]
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Posted in April 30th, 2008
Economic development news from Pocatello during recent months includes:
Nordic Windpower, a provider of wind turbine technology, has selected Pocatello, Idaho for a new manufacturing facility. The new center will employ over 160 new employees.
Technorati Tags: redfish emerging markets, idaho market news
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Posted in April 30th, 2008
One of the things we truly enjoy here at Redfish is interacting with other investors and real estate professionals in educational, meeting, and conference settings.
Recently during a question and answer segment of a presentation to an investor group, I was taken to task by a young woman for reporting statistics on the percentage of females […]
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Posted in April 30th, 2008
“Impatience never commanded success” - Edwin H. Chapin
Technorati Tags: real estate investor quote of the day
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Posted in April 29th, 2008
Economic development updates for Austin from recent months include:
WPP Group is looking to employ over 200 people in downtown Austin. The company has partnered with Dell to create a new ad agency. The new venture will handle all of Dell’s communication and marketing.
Technorati Tags: redfish emerging markets, texas market news
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Posted in April 29th, 2008
Economic development updates from San Antonio during recent months include:
Lack’s Home Furnishings recently opened a new 308,000 square foot distribution center in New Braunfels, near San Antonio. The new center has more than twice the capacity of the company’s other two facilities in the state. Over 300 new jobs will be created.
Fort Sam Houston in […]
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Posted in April 29th, 2008
Things have been so busy around the office this month we almost forgot to post this month’s free state by state rankings of Total Nonfarm Employment Growth rates (6 month rolling averages) as well as Unemployment.
Not surprisingly given the overall state of the economy the list of states this month with the best employment growth […]
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Posted in April 29th, 2008
The S&P’s Case-Shiller Home Price Indices data was released today, and once again the sobering news contained therein is making the rounds through the media.
The 10-City Composite posted an annual decline of 13.6% (new record) and the 20-City Composite posted an annual decline of 12.7%. In their press release today, S&P’s David M. Blitzer (Chairman […]
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Posted in April 29th, 2008
In yesterday’s Daily Data Discussion we looked briefly at the logic behind tracking population growth changes in markets, and what increased population means and can portend for a community.
What about the communities with the worst population growth trends in the latter half of this decade? As noted yesterday, the following numbers represent our internal analysis […]
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Posted in April 29th, 2008
The Census Bureau’s quarterly report on homeowner vacancy rates was released yesterday; the first quarter 2008 homeowner vacancy rate was reported at 2.9% (+/- 0.1). Despite the splash made by the media, the rate was not critically different from the fourth quarter 2007 rate (2.8%) or the first quarter 2007 rate (2.8%).
Various media pundits noted […]
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Posted in April 29th, 2008
“Our bravest and best lessons are not learned through success, but through misadventure.” - Amos Bronson Alcott
Technorati Tags: real estate investor quote of the day
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Posted in April 28th, 2008
In today’s Daily Data Discussion let’s take a look at population growth in the later half of the current decade, specifically from 2005 to 2010.
One of the features of both emerging and recovering real estate markets is very often growth in population. Emerging markets are often characterized by a surge in population growth after a […]
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