USD says real estate economic indicators for June show increase of 0.4 percent

SAN DIEGO - The University of San Diego Burnham-Moores Institute Center for Real Estate's Economic Indicators for June, which was released today, August 4, showed an increase of 0.4 percent.

The climb, the smallest since August of last year, was led by gains in the number of residential building permits that were issued in the region, the outlook for the national economy and local stock prices, USD professor Alan Gin said.

He said those gains offset a dip in the jobs picture and drop in consumer confidence. Those declines were small and could easily turn around, he said.

"The outlook for the l...