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The lead indicators of the San Diego economy were 103.7 in November, unchanged from October and barely up from the 103.5 of September. The indicators are compiled by economist Alan Gin of the University of San Diego. After hitting 105.7 in January of last year, the indicators dropped, but then edged up steadily every month from March's 100.7. The components that moved favorably in November were consumer confidence and the national economy. Those that moved in an unfavorable direction were building permits, initial unemployment claims, stock prices, and help wanted advertising.

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Comments

SurfPuppy619 Jan. 7, 2010 @ 8:50 a.m.

Lennar Homes just reported their first profit in over 2 years, $35 million in the 4th Q of 09.

Not bad.....until you hear what their losses were in the 4th Q of 08- $811 million.

How you can lose almost $1 billion in just ONE quarter and still be in business is a mystery to me.

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Don Bauder Jan. 7, 2010 @ 7:30 p.m.

Response to post #1: Lennar is one of the best-managed home builders. Best, Don Bauder

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