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Federal Reserve Bank of Cleveland: 'On Commercial Construction Activity's Long and Variable Lags'
July 16, 2024
CLEVELAND, Ohio, July 16 (TNSres) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 24-14) in June 2024 by David Glancy, Robert Kurtzman, and Lara Loewenstein entitled "On Commercial Construction Activity's Long and Variable Lags."

Here are excerpts:

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We use microdata on the phases of commercial construction projects to document three facts regarding time-to-plan lags: (1) plan times are long--about 1.5 years . . .

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