Investor's Business Daily - U.S. commercial real estate activity fell 0.7% in Q1, the 3rd straight quarterly decline, and cooling likely will continue this year, the Nat'l Association of Realtors said. NAR's index, a gauge of future commercial real estate activity, is compiled from 13 variables, including industrial output, job growth, business sales, and REIT prices and returns. It fell 0.8% vs. a year earlier, the first decline in 5 years. Private nonresidential investment had held up until recently, partially offsetting the sharp drop in home building and related jobs.
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