EconUpdate is published by MetroIntelligence, a nationally known consulting firm based in Southern California, and focused on economics with a past emphasis on real estate development. EconUpdate also regularly provides a sample of economic updates and links to BuilderBytes, a leading e-newsletter distributed to 172,000 homebuilding professionals across the U.S. every Tuesday, Thursday, and Friday.
The idea for EconUpdate was the result of the experience of MetroIntelligence Principal Patrick S. Duffy, who began studying the economy and its impact on real estate in the late 1980s, and has personally witnessed the highs and lows of market cycles over 30 years.
Besides working with consulting firms including Market Profiles, MarketPointe, The Concord Group, Robert Charles Lesser & Co. (now known as RCLCO) and Hanley Wood Market Intelligence (now part of MetroStudy), Patrick also worked directly for a large commercial land developer, and managed the market research department for a public home builder with divisions in multiple states.
In addition, Patrick has written a monthly column for Builder and Developer for over a decade, and has also been published in the Los Angeles Times and the Inman News syndication service.
More recently, Patrick focused on real estate markets in an alliance with Beacon Economics, where he envisioned the opportunity for an affordable, subscription-based service which would curate economic updates at national and regional levels.
The idea of EconUpdate is to ensure that subscribers remain current on the universe of economic data points without the high expense of ordering a customized economic report or subscribing to a Bloomberg terminal (now priced at $2,000 per month) or its various competitors.
More than anything, the point of EconUpdate is to save you time, allowing you to focus on those things you do best.