The MEREDA Index  
 
 
 

 

 
 

The Fall 2016 MEREDA Index
is underwritten by


Eaton Peabody

and supported by

CBRE | The Boulos Company

Wright Ryan

Press Hotel

As a key economic indicator for Maine, the MEREDA Index measures the pulse of the stateís real estate industry. The MEREDA Index is the leading way our industry tracks changes in Maineís real estate markets. Itís a composite of nine measures reflecting activity in both new development and existing properties, in commercial and residential markets, as well as construction employment.

The Index is quarterly beginning in the first quarter of 2006 and this current edition covers the middle two quarters of 2016. For this most recent period, the MEREDA Index came in at 93.

Overall, The MEREDA Index has grown in the last years, though we are seeing the first plateau since the post-2007 recovery. The second quarter of 2016 saw us reach the highest level in ten years, led by a 10% growth in the residential component.

Industry insiders attribute these shifts to the "worker gap," with a dearth of qualified candidates available to fill electrician, plumbing and other subcontractor positions, driving up the cost and increasing the timeline of construction, and, thereby, introducing cost-cutting or revenue-boosting trends to the market, such as: micro-living and creative approaches to senior housing, among others.

MEREDA has recently launched a subcommittee, alongside AGC Maine, to effect change in that area.

This edition of The MEREDA Index was underwritten by Eaton Peabody, with support from CBRE | The Boulos Company, Wright-Ryan Construction, and The Press Hotel.

Learn more by watching the following video.

 
     
 
   
   
 


For a hard copy, you may contact the
MEREDA office, or download our
digital version here


 

For previous MEREDA Index publications,
visit the Index archive.

   

 
     
   
     
 
 
 

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