EVP to oversee project management

Melia Homes, a home builder in Southern California, named Tim McSunas as its new executive vice president.

McSunas brings nearly 30 years of experience to the company. He held senior management roles in companies such as John Laing Homes, Pardee Homes, Taylor Woodrow Homes, The Shopoff Group and William Lyon Homes.

In these positions, McSunas developed skills in sourcing and controlling new land opportunities, negotiating purchases and sales agreements, conducting land feasibility, leading underwriting and developing new joint venture partnerships.

In his new role, McSunas will oversee operations, project management, product development, sales and marketing. He will also be involved in land acquisition opportunities.

“I’m excited to join Melia Homes’ executive team and look forward to getting involved in the progressive strategies that have shaped its visionary approach,” McSunas said.

The measure of Current Economic Conditions decreased 1% from last month from 104.2 to 103.2, and increased 0.9% from last year’s 102.3.

“Objectively, the probability of a downturn during the next five years is far from zero-this would be the longest expansion in 150 years if it lasted just over half of the five-year horizon,” Curtin said. “Nonetheless, the October rise may simply reflect a temporary bout of uncertainty caused by the election.”

The Index of Consumer Expectations decreased substantially at 7.1% from last month’s 82.7 and 6.5% from last year’s 82.1 to 76.8 in October.

Other sources are also reporting a drop in confidence. Consumers are less confident about the economy in October than last month, citing that, among other things, business conditions are bad, according to the Consumer Confidence Survey conducted by The Conference Board by Nielsen, a provider of information and analytics around what consumers buy and watch.

“Prospects for renewed spending gains will depend on continued growth in jobs and wages as well as low inflation and interest rates,” Curtain said. “The small rise in interest rates now expected in December will have a minimal impact on spending.”

“Along with small increases in interest rates, consumers also anticipate a mild slowdown in job creation that is likely to prevent any further declines in the national unemployment rate,” he said. “To be sure, these changes are all anticipated to be small during the year ahead.”