No, it’s getting better, fast. We post 4-5 local expansions here on FR every day. There are cranes building everywhere. The #s are real.
Negative. Those cranes are building apartments that people can’t afford and offices that aren’t going to be filled. The housing market is about to crash because people can’t afford the prices or get a mortgage, thanks to Dodd Frank. Isn’t it amazing that there never seemed to be much of a problem with the mortgage industry until Carter started CRA and then it was accelerated under Clinton. Amazing.
It’s all about credit and betting against a phantom pot of gold.