“With February’s gain, the USD Index has now been positive four of the last five months,” said Professor Alan Gin. “As a result, the outlook for the local economy remains positive for the rest of 2016.”
The advance in February was led by a sharp increase in online help wanted advertising along with a moderate gain in initial claims for unemployment insurance. There were smaller gains in building permits and the outlook for the national economy.
On the downside there was another big loss for local stocks and a small decline in consumer confidence.
Of the six components in the Index, residential units authorized by building permits has the longest current positive streak, Gin said, having increased every month since September of last year.
The monthly index is a project of the Burnham-Moores Center for Real Estate.
>> Subscribe to Times of San Diego’s free daily email newsletter! Click hereFollow Us: