St. Louis economy weakens amid recession talk

Amid talk of recession, outlook for St. Louis economy weakens as inflation persists and demand softe...

bizjournals bizjournals | 1 year ago

A Missouri manufacturer said sales staff and customers have become “numb” to price increases.

St. Louis, St. Louis County launch unified portal for emergency rental assistance

bizjournals bizjournals | 2 years ago

Renters and landlords in the city of St. Louis and St. Louis County will now have a common place to seek emergency rental assistance starting Tuesday. The city and county will launch a unified portal for renters and landlords applying for the millions of dollars available through the federal Emergency Rental Assistance Program at 10 a.m. Tuesday. You can access the portal by clicking here. Last year, St. Louis County received $29 million in federal funds for the Emergency Rental Assistance Pro...

Building material prices up 36% as inflation hits all sectors of economy

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

CNBC's Diana Olick reports on inflation pressures hitting homebuilder companies.

Construction resilient as economy slips toward recession

Construction news, jobs and co... Construction news, j... | 1 year ago

Output rose 0.4% in September, marking the third consecutive month of modest expansion. The rise was driven by an increases seen in both new work (0.6%) and repair and maintenance (0.2%) on the month. The new was also good for orders, which were up 6.4% in the third quarter with growth mainly from private commercial new orders, which rose 28% (£832m). Clive Docwra, managing director of property and construction consultancy McBains, said: “At a time when the economy is falling into recession...

What Inflation, Recession Risk Mean for CRE

commercialsearch commercialsearch | 1 year ago

Peter Muoio of SitusAMC on how the Federal Reserve's aggressive rate tightening may impact CRE. The post What Inflation, Recession Risk Mean for CRE appeared first on Commercial Property Executive.

St. Louis developer pitches apartment project for suburban Minneapolis

bizjournals bizjournals | 1 year ago

The project would cater to professional working-class families and early retirement seniors.

Mortgage rates flatten amid talk of economic slowdown

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

Growing concerns of a slowing economy led the 30-year mortgage rate downward for a third straight week, but overall trends came in flat, Freddie Mac reported.The 30-year fixed-mortgage rate average dropped a single basis point to 5.09% for the weekly period ending June 2, according to Freddie Mac’s Primary Mortgage Market Survey. A week earlier, the average stood at 5.1%, while one year ago, the 30-year rate was more than 2 percentage points lower at 2.99%. “Despite low unemployment an...

Realtors want titles cleared of racial covenants, pitch land bank for St. Louis County as part of di...

bizjournals bizjournals | 1 year ago

St. Louis' primary Realtors' association said it will work to clear titles of race-based covenants and create a land bank for St. Louis County, part of initiatives designed to address past racial discrimination in the real estate industry.

US economy faces recession question as inflationary pressures continue

constructiondive constructiondive | 1 year ago

Dive Brief: Government and banking officials as well as economic experts are divided regarding whether the U.S. is heading toward a recession as ongoing inflationary pressures including skyrocketing consumer prices, enduring supply chain troubles and the persisting effects of the war in Ukraine continue to badger the economy. Federal Reserve Chairman Jerome Powell stated the U.S. economy is not currently in a recession in remarks following the Fed’s Wednesday meeting, where its Federal Open ...

Public firms maintain outlook amid geopolitical headwinds

constructiondive constructiondive | 1 year ago

Major contractors' earnings for the first quarter are best described as "lumpy." Things aren't terrible, but there are no overwhelmingly bright spots, either.