responses indicating a positive impact upon markets. In contrast only 18 percent of SIOR respondents experienced a negative impact upon their markets from national economic conditions (the remainder was neutral).
Regionally, all four main regions had index values above 100. The Midwest index posted the only gain from last quarter, and also the highest value—127.0. The South—which has been the strongest region—took second place with an index value of 124.7. The West came in third with an index value of 124.7. The Northeast region recorded a 5. 7 point quarterly retreat, reaching an index value of 108.2.
Looking ahead at the second quarter of 2016, SIOR members expect the outlook to moderate— 69 percent of respondents indicated growth in the 1-15 percent range, while 26 percent felt the market will maintain current levels. Only 9 percent of SIOR members expected conditions to decline.
the property market; and, ( 10) the effect of the national economy on the property market.
20 points. Thus a score of 10 for a given question can be earned if responses are evenly distributed across all five choices, if all responses were "c", or if the answers form a "bell-shaped curve" centered around the "c" choice. The total index value is derived by summing the scores for all ten questions. Index values for each of the two property types are similarly calculated. The survey was developed by Hugh F. Kelly, CRE, clinical professor at New York University, who worked with SIOR on research projects since 1989.