Sioux Falls South Dakota Realtor
FRB: Beige Book--Minneapolis--September 8, 2004
Overall commercial construction activity remained unchanged, although signs of a pickup were noted. A construction association representative in the Upper Peninsula of Michigan said that construction was stable. A general contractor with projects in southern Minnesota and South Dakota said that the summer season was similar to a year ago. Government spending on construction was weak in Montana, but recent increases in government revenue might help, according to a contractors association representative. Contracts awarded for large projects in Minnesota and the Dakotas were up 4 percent for the three-month period ended in July compared with a year ago. An official in Sioux Falls, S.D., noted solid construction activity in both commercial and residential markets and anticipates a record year. ... [Read More]
FRB: Beige Book - Minneapolis
Home building was up from a year ago. Housing units authorized in District states were up 5 percent for the three-month period ending in November compared with a year ago. In Minneapolis-St. Paul, demand for multifamily buildings has spurred construction, according to a builders association representative. A realtor in Sioux Falls, S.D., noted high levels of refinancing activity and remodeling during 2002 compared with 2001, and he expects fewer families to move during 2003. ... [Read More]
FRB: Beige Book - Minneapolis
Nevertheless, expansion plans are still reported. In Minneapolis-St. Paul, 44 percent of companies surveyed by a major staffing company plan to hire more workers during the first three months of 2000, while 10 percent plan reductions. A year ago 33 percent planned increases; 17 percent planned reductions. Two North Dakota Internet-commerce companies are planning to hire 250 and 100 new people respectively. A recently planned bank operations facility in Sioux Falls, S.D., could create up to 300 to 500 jobs over the next five years. In contrast, a Minnesota-based computer part manufacturer will cut 160 positions. ... [Read More]
FRB: Beige Book - Minneapolis
Ranchers reportedly are optimistic about prices after three difficult years, and pasture conditions have improved in recent weeks. Montana bankers indicate that their ranch customers should do somewhat better this year than last. Hog prices have increased, in large measure due to export demand from Asia, and packers report difficulty in securing enough hogs to keep kill facilities running at efficient levels. One packer in Sioux Falls, S.D., is temporarily laying off one shift due to difficulty in securing enough hogs. ... [Read More]
FRB: Beige Book--Minneapolis--July 28, 2004
Commercial construction and real estate activity was mixed. A development official reported Sioux Falls, S.D., is in the midst of a construction and renovation boom, with what may be the busiest year on record. Fargo, N.D., continued its stable growth path, including the construction of a 50,000-square-foot corporate headquarters and two big box sports retailers. ... Residential real estate activity grew. Housing units authorized in district states grew 5 percent for the three-month period ending in May compared with a year ago. About 20 percent more home sales closed in June compared with a year ago in the Minneapolis-St. Paul area. However, one realtor noted that sales among lower-priced homes were slower. A bank director described the housing market in Billings, Mont., as tight, with prices and buying activity up. ... [Read More]
Welcome to the Missouri Department of Higher Education Website MDHE
Lowell C. Kruse was nominated to the CBHE by Governor Holden on January 3, 2003, and currently serves as its chair. Kruse has served as president and CEO of Heartland Health in St. Joseph, Missouri for the last 20 years. In addition, he serves as chairman of the Board of Directors for the Excellence in Missouri Foundation and serves on the boards of the Northwest Missouri Area Health Education Center (AHEC), Missouri's Family and Community Trust, Premier, Inc., and the Scottsdale Institute. He also chairs the St. Joseph area United Way Success By 6 initiative. He earned a bachelor's degree from Augustana College in Sioux Falls, South Dakota and a master's degree from the University of Minnesota. ... [Read More]
FRB: Beige Book - Full report
"We have plenty of work lined up," reports a Sioux Falls, S.D. home builder. "It isn't slowing down any," echoes a counterpart from Eau Claire, Wis. Such comments are typical in a sector that continues as an important source of economic growth. Publicly let heavy construction in Minnesota and the Dakotas is strong for the third consecutive year. Construction employment levels in Minnesota running 7.5 percent above the same months in 1996 and 14 percent above 1995 are yet further evidence of strength in this sector. In Butte, Mont., work will soon start on a $470 million silicon plant that will employ nearly 1,000 construction workers in 1997-1998. Repair and replacement of flood-damaged buildings and infrastructure in eastern North Dakota and northwestern Minnesota will place great demand on available construction resources once waters recede. ... [Read More]
FRB: Beige Book - Full report
Commercial realtors reported generally flat leasing and construction activity in recent weeks as international political developments continued to create considerable uncertainty among clients. "Things are pretty much the same, just waiting around for some good news," noted a realtor in Baltimore. Rent levels were down sharply in all commercial sectors. Vacancy rates for office and retail space held steady, but industrial vacancy rates edged higher. The leasing of retail space in Richmond continued to be "very strong for the short and long term," but leasing activity in other commercial sectors remained sluggish. A realtor in Washington, D.C., said companies were "tightening up" and eliminating unnecessary office space. ... [Read More]
FRB: Beige Book - Full report
Realtors also reported some easing in commercial real estate markets in Virginia and West Virginia, and no major changes in markets in Washington, D.C., and Maryland. In Richmond, Va., however, the market for Class A office space was tighter, especially in suburban areas. In North Carolina, realtors said there was a slight slowing of growth in leasing activity. In Charlotte, new construction activity returned to a more normal rate after a burst of activity in the first half of this year. South Carolina realtors, in general, noted only a slight increase in leasing and a little absorption of vacancies. In contrast, a Columbia, S.C., realtor said that real estate markets in that area were more upbeat; in his words, "humming along." ... [Read More]
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