There’s just a small item in Banker & Tradesman on their recent survey of bankers, commercial real estate, and other industry types (conducted with Bannon & Co.). The news isn’t half bad: more than 60 percent of those polled thought 2011 would bring a “moderate” improvement in the economy this year. Only 15 percent think it will be worse (the rest think it will be the same).
Other highlights include:
- 45 percent of respondents forecasting a modest increase in single-family home sales, while 38 percent expect 2011 to be about the same pace as 2010.
- Nearly 70 percent of financial professional predicted an expansion of business in their own companies
- About 47 percent of respondents said they expect multifamily unit construction to remain at 2010 levels, and 48 percent said they expected the same for office development construction.
- Almost 70 percent of bankers predicted an improved economy in 2011.