Transcription of NAR 2005 FINAL - Upland
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NAR 2005 FINAL - Upland
NATIONAL research REPORTAPARTMENTAPARTMENT2005 ANNUAL REPORTH arvey E. GreenHessam NadjiPresident and Managing DirectorChief Executive OfficerResearch Services To our valued clients:Recent economic indicators suggest that employment growth will finally accelerate to levels that willgenerate meaningful demand for rental units. After two years of healthy advance, gross domesticproduct (GDP) is expected to cool off somewhat to a still respectable rate of percent in 2005. Inaddition, corporate balance sheets are strong, business investment has returned, inflation remainstame and oil prices have come off their recent the Fed s short-term interest rate increases, long-term rates remain low, reflecting investorcaution and the effects of offshore capital flows i
2005 ANNUAL REPORT Harvey E. Green Hessam Nadji President and Managing Director Chief Executive Officer Research Services To our valued clients:
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