Editorial Results (free)
1. US Homebuilder Confidence Held Steady in January
- Wednesday, January 20, 2016
WASHINGTON (AP) — Confidence among U.S. home builders held steady in January even though builders' expectations about future sales dipped slightly.
The National Association of Home Builders/Wells Fargo builder sentiment index stood at 60 in January, matching the December reading, the association reported Tuesday.
2. Survey: US Businesses Add 257,000 Jobs, Most in a Year
- Thursday, January 07, 2016
WASHINGTON (AP) — U.S. businesses stepped up hiring last month, led by solid gains in construction and retail, a private survey found.
Payroll processor ADP said Wednesday that companies added 257,000 jobs in December, the most in a year. Construction companies added 24,000 jobs, while retailers and shipping firms added 38,000.
3. US Homebuilder Sentiment Slips in December
- Wednesday, December 16, 2015
U.S. homebuilders are feeling slightly less confident about their sales prospects in coming months, though they remain positive overall that the housing market will continue to improve next year.
The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday slipped to 61 this month, down one point from a reading of 62 in November.
4. US New-Home Sales Rebound in October After September Plummet
- Thursday, November 26, 2015
WASHINGTON (AP) — Sales of new homes recovered in October after suffering a steep drop in September, returning to this year's trend of an improving market for real estate developers and builders.
5. The October US Jobs Report, By the Numbers
- Monday, November 09, 2015
WASHINGTON (AP) — The job market boomed in October. Employers added 271,000 jobs, and the unemployment rate fell to 5 percent, the lowest level in seven years.
The flurry of hiring is likely to give the Federal Reserve confidence to go ahead with a long-anticipated increase in short-term interest rates in December.
6. US Homebuilder Sentiment Improves in October
- Tuesday, October 20, 2015
U.S. homebuilders are feeling more optimistic about the housing market, lifting their confidence this month to the highest level in 10 years.
The National Association of Home Builders/Wells Fargo builder sentiment index released Monday rose this month to 64, up from 61 in September. The last time the reading was higher was October 2005 at 68.
7. US Homebuilding Slows in August After Hot Streak
- Friday, September 18, 2015
WASHINGTON (AP) — Builders broke ground on fewer houses and apartment complexes in August, a possible sign that the housing market may be levelling off after accelerating for much of the year.
8. US Homebuilder Sentiment Improves in August
- Tuesday, August 18, 2015
WASHINGTON (AP) — U.S. homebuilders grew slightly more optimistic about the housing market in August, putting their confidence at levels last seen a decade ago during the debt-fueled housing boom.
9. Can US Housing Industry's Comeback Endure? The Outlook Dims
- Monday, July 27, 2015
WASHINGTON (AP) — The U.S. housing market has sizzled this summer, lifting expectations that home sales will finally help drive an economic expansion now in its seventh year.
Or will it?
10. Going Up: Labor, Materials Drive Construction Costs
- Saturday, July 25, 2015
Shelby County homebuilders have steadily raised prices for months now, partly due to supply and demand but mostly due to soaring material and labor costs.
While the demand for new homes remains steady, the supply of new homes remains relatively low and homebuilders are able to raise prices. But construction costs have been on the upswing for several months and are impacting every corner of the construction industry.
11. US Home Sales Surged in June to Fastest Pace in 8-Plus Years
- Thursday, July 23, 2015
WASHINGTON (AP) — Americans bought homes in June at the fastest rate in over eight years, pushing prices to record highs as buyer demand has eclipsed the availability of houses on the market.
12. Apartment Construction Drives US Homebuilding Surge in June
- Monday, July 20, 2015
WASHINGTON (AP) – U.S. builders broke ground on apartment complexes last month at the fastest pace in nearly 28 years, as developers anticipate that recent jobs gains will launch a wave of renters
13. US Homebuilder Sentiment Hits Highest Level Since 2005
- Friday, July 17, 2015
U.S. homebuilders' confidence in the market for new homes is back up to levels not seen since the height of the housing boom a decade ago.
The National Association of Home Builders/Wells Fargo builder sentiment index released Thursday rose this month to 60, the highest level since November 2005.
14. US Sues to Block GE Appliance Business Sale to Electrolux
- Thursday, July 02, 2015
NEW YORK (AP) – The U.S. government is suing to stop Electrolux from buying General Electric's appliance division, saying the combined company would dominate sales of kitchen appliances to customers like home builders, property managers, hotels, and governments.
15. US Homebuilders’ Confidence in Sales Surges in June
- Tuesday, June 16, 2015
U.S. homebuilders are feeling more confident about their sales prospects than they have since last fall, while their outlook for sales over the next six months is at the highest level in 10 years.
16. Apple Wants a Lead Role in Streaming Music
- Tuesday, June 09, 2015
SAN FRANCISCO (AP) – Apple's iTunes helped change the way music-lovers bought their favorite songs, replacing plastic discs with digital downloads. Now the maker of iPods and iPhones wants to carve out a leading role in a revolution well under way, with a new, paid streaming-music service set to launch this summer.
17. US Jobless Aid Applications Rose Last Week; Total Still Low
- Friday, May 29, 2015
WASHINGTON (AP) – More Americans sought unemployment benefits last week, though the overall level remains low and points to a healthy job market.
Weekly applications increased 7,000 to a seasonally adjusted 282,000, the Labor Department said Thursday. The four-week average, a less volatile measure, rose 5,000 to 271,500. The average had fallen to a 15-year low two weeks ago.
18. A Hazy View of US Economy Emerges Ahead of April Jobs Report
- Friday, May 08, 2015
WASHINGTON (AP) – When the government reports Friday on job growth during April, it could help clarify an increasingly nagging question:
Just how strong is the U.S. economy?
The picture has grown hazier of late. Employers added only 126,000 jobs in March, ending a yearlong streak of monthly gains above 200,000. For April, economists predict a rebound to 222,500 added jobs.
19. US Home Prices Accelerated in February as Sales Rise
- Wednesday, April 29, 2015
WASHINGTON (AP) – U.S. home prices climbed at a faster pace in February than the previous month, driven by higher sales and a limited supply of available houses.
The Standard & Poor's/Case-Shiller 20-city home price index rose 5 percent in February from 12 months earlier, S&P said Tuesday. That is up from a 4.5 percent pace in January.
20. US Homebuilders' Outlook for Spring Sales Surges
- Thursday, April 16, 2015
U.S. homebuilders are feeling more optimistic that sales will perk up in coming months as the spring home-selling season unfolds.
That would bode well for home construction, which slowed early this year as severe winter weather halted new projects in the Northeast and Midwest.
21. US Home Sales Rebound Slightly in February
- Tuesday, March 24, 2015
WASHINGTON (AP) – Slightly more Americans bought homes in February, but tight inventories, affordability problems and nasty winter weather point to sluggish sales in the coming few months.
22. As Fed Weighs a Rate Hike, US Economy is Looking a Bit Paler
- Wednesday, March 18, 2015
WASHINGTON (AP) – Just as the Federal Reserve seems to be inching toward an interest rate hike because of the strengthening U.S. job market, its task is getting more complicated:
Several key sectors of the economy are flashing some signs of weakness.
23. US Home Sales Plunge 4.9 Percent in January
- Tuesday, February 24, 2015
WASHINGTON (AP) – U.S. home sales struck a snow drift in January, plunging to the slowest pace in nine months.
The National Association of Realtors said Monday that sales of existing homes tumbled 4.9 percent last month to a seasonally adjusted annual rate of 4.82 million. That brings sales down to their lowest level since April 2014.
24. US Homebuilder Confidence Slides Slightly in February
- Wednesday, February 18, 2015
U.S. homebuilders say sales prospects and buyer traffic fell slightly this month.
The National Association of Home Builders/Wells Fargo builder sentiment index slipped to 55 in February from 57 in January. Despite the decline, builders remain optimistic a month before the start of the spring buying season.
25. Homebuilder Confidence, Sales Outlook Slip in January
- Wednesday, January 21, 2015
Homebuilders are feeling slightly less confident in their sales prospects ahead of the spring homebuying season, traditionally the peak period for home sales.
The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday slipped this month to 57, down one point from a revised reading of 58 in December. Readings above 50 indicate more builders view sales conditions as good rather than poor.
26. Millennial Challenge: Do I Rent or Do I Own?
- Saturday, January 17, 2015
Mike Smalling is a mortgage loan originator with F&M Mortgage and is a lifer in mortgage lending. He recently penned a book entitled “Your Mortgage Matters,” and the work provides information for those new to home buying, as well as those that have bought and sold numerous homes.
27. US Construction Spending Slips 0.3 Percent in November
- Monday, January 05, 2015
A sharp slowdown in government-built schools and infrastructure caused U.S. construction spending to fall slightly in November.
The Commerce Department said Friday that construction spending slipped 0.3 percent in November, after having climbed an upwardly revised 1.2 percent in October and 0.6 percent in September.
28. US Homebuilder Sentiment Slips in December
- Tuesday, December 16, 2014
U.S. homebuilders are feeling slightly less confident in their sales prospects heading into next year, even as their overall sales outlook remains favorable.
The National Association of Home Builders/Wells Fargo builder sentiment index released Monday slipped this month to 57, down one point from 58 in November.
29. Congress Told US Lags Other Nations on Drones
- Thursday, December 11, 2014
WASHINGTON (AP) – Commercial drone flights are taking off in other countries while the U.S. lags behind in developing safety regulations that would permit unmanned aircraft operations by a wide array of industries, witnesses told a House panel Wednesday.
30. Why Areas With Good Jobs Have Hard-to-Afford Homes
- Wednesday, December 10, 2014
WASHINGTON (AP) – It's the new career trade-off: Around the country, areas with the strongest job markets increasingly have some of the costliest homes. And areas with the most affordable homes lack a solid base of middle class jobs that attract workers.
31. US Home Sales Rise in October
- Friday, November 21, 2014
WASHINGTON (AP) – Americans bought homes in October at the briskest pace this year, a sign that the sluggish housing market is turning around.
Sales of existing homes rose 1.5 percent to a seasonally adjusted annual rate of 5.26 million last month, the National Association of Realtors said Thursday. That's up from a revised pace of 5.18 million in September. October marked the first month in 2014 when sales increased compared to a year ago, registering a 2.5 percent gain.
32. US Homebuilder Sentiment Rallies in November
- Wednesday, November 19, 2014
WASHINGTON (AP) – U.S. homebuilders' confidence rebounded in November as both sales expectations and buyer traffic improved.
The National Association of Home Builders/Wells Fargo index rose to 58 this month, up from 54 in October. That puts the index just short of September's reading of 59, which was the highest level since November 2005, shortly before the housing bubble burst.
33. US New-Home Sales Close to Flat in September
- Monday, October 27, 2014
WASHINGTON (AP) — U.S. sales of new homes were nearly flat in September, after the government sharply revised downward what was initially an August surge in buying.
New-home sales edged up 0.2 percent last month to a seasonally adjusted annual rate of 467,000, the Commerce Department reported Friday. The report also revised down the August sales rate to 466,000 from 504,000.
34. Confidence Among US Homebuilders Slips in October
- Friday, October 17, 2014
WASHINGTON (AP) – U.S. homebuilders' confidence fell in October after four months of gains which had pushed the indicator to the highest point in nine years.
The National Association of Home Builders/Wells Fargo said Thursday that its index dropped to a reading of 54 after climbing to 59 in September, the highest level since November 2005, right before the housing bubble burst.
35. US Existing Home Sales Fall in August
- Tuesday, September 23, 2014
WASHINGTON (AP) – Fewer Americans bought homes in August, as investors retreated from real estate and first-time buyers remained scarce.
Sales of existing homes fell 1.8 percent to a seasonally adjusted annual rate of 5.05 million, the National Association of Realtors said Monday. That snaps a four-month streak of gains. August sales are down from a July rate of 5.14 million, a figure that was revised slightly downward.
36. Volatile Apartment Sector Reduces US Home Building
- Friday, September 19, 2014
WASHINGTON (AP) – U.S. home construction plunged in August, led by steep decline in the volatile apartment category. But single-family house construction, a larger and more stable portion of the market, fell only modestly.
37. US Homebuilder Confidence Soars in September
- Thursday, September 18, 2014
U.S. homebuilders' confidence in the market for new, single-family homes surged this month to the highest level in nearly nine years.
The brighter outlook reflects growing optimism that sales will increase over the next six months. That could potentially spur growth in home construction, a key driver of the economy.
38. Macon Homes Complex Sells for $800,000
- Tuesday, August 26, 2014
500 N. Claybrook St.
Memphis, TN 38104
Sale Amount: $800,000
Sale Date: Aug. 20, 2014
Buyer: Crosstown Macon Homes LLC
Seller: Macon Homes
Details: The 24-unit Macon Homes section 8 apartment complex at 500 N. Claybrook St. in Midtown has sold for $800,000.
39. US Home Construction Jumps 15.7 Percent in July
- Tuesday, August 19, 2014
WASHINGTON (AP) – U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines.
40. Homebuilder Confidence Rises Again in August
- Tuesday, August 19, 2014
U.S. homebuilders are feeling more confident in their sales prospects headed into next year, a sign that home construction and sales of newly built homes may pick up after stalling this summer.
The National Association of Home Builders/Wells Fargo builder sentiment index released Monday rose this month to 55, up two points from a revised reading of 53 in July.
41. Contractors See Bright Days Ahead
- Saturday, July 26, 2014
After slogging their way through the deepest economic slump in more than 60 years, Memphis area contractors say the near future looks much brighter than the dark days of the recession and its immediate aftermath.
42. Charlotte Firm Buys Mendenhall Warehouse
- Tuesday, July 01, 2014
4517 S. Mendenhall Road
Memphis, TN 38141
Sale Amount: $1.4 million
Sale Date: June 24, 2014
Buyer: TKC CLXXIX LLC
Seller: Tenn Thom Realty LLC
Loan Amount: $1.1 million
Loan Date: June 24, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of Charlotte, N.C.-based real estate development firm The Keith Corp. has paid $1.4 million for the 14,650-square-foot warehouse at 4517 S. Mendenhall Road in Hickory Hill.
43. Why a Grim US Economic Picture is Brightening
- Wednesday, June 25, 2014
WASHINGTON (AP) – When the government updates its estimate Wednesday of how the U.S. economy fared last quarter, the number is pretty sure to be ugly. Horrible even.
The economy likely shrank at an annual rate of nearly 2 percent in the January-March quarter, economists estimate. That would be its bleakest performance since early 2009 in the depths of the Great Recession.
44. Average US 30-Year Mortgage Rate at 4.17 Percent
- Friday, June 20, 2014
WASHINGTON (AP) – Average U.S. rates on fixed mortgages eased slightly this week, remaining near historic lows.
Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year loan declined to 4.17 percent from 4.20 percent last week. The average for the 15-year mortgage dipped to 3.30 percent from 3.31 percent.
45. US Home Building Declined 6.5 Percent in May
- Wednesday, June 18, 2014
WASHINGTON (AP) – The pace of U.S home construction slipped in May with many Americans still struggling to afford new houses.
Builders started work at a seasonally adjusted annual rate on 1.01 million homes last month, the Commerce Department said Tuesday. That was down 6.5 percent from 1.07 million in April.
46. Many Seek New Homes Near Cities But are Priced Out
- Thursday, June 12, 2014
WASHINGTON (AP) – City living has been a blessing for Tim Nelson.
The Phoenix lawyer moved downtown a few months ago into a new $389,000 home with a warehouse-style floor plan, a Jacuzzi tub and kitchen counters made of Caesarstone quartz. His favorite coffee spot is three blocks away. When the Arizona Diamondbacks play on Friday nights, he can watch postgame fireworks from his deck.
47. US Home Building Climbed 13.2 Percent in April
- Monday, May 19, 2014
WASHINGTON (AP) – U.S home construction surged in April to its highest pace in five months. Almost all that increase came from the volatile apartment sector, a sign that Americans are still struggling to buy single-family homes.
48. 30-Year Mortgage Rate Falls to 4.27 Percent
- Friday, April 18, 2014
Average U.S. rates on fixed mortgages fell this week for the second straight week as the spring home-buying season begins.
Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan fell to 4.27 percent from 4.34 percent last week. The average for the 15-year mortgage eased to 3.33 percent from 3.38 percent.
49. Growing Demand for US Apartments Pushing Up Rents
- Friday, April 04, 2014
These are good times for U.S. landlords. For many tenants, not so much.
With demand for apartments surging, rents are projected to rise for a fifth straight year. Even a pickup in apartment construction is unlikely to provide much relief anytime soon.
50. US Home Prices Dip in January for 3rd Straight Month
- Wednesday, March 26, 2014
WASHINGTON (AP) – U.S. home prices dipped in January for a third straight month, likely because of slower sales in recent months caused by cold weather, a limited supply of homes and higher mortgage rates.
51. US Home Construction Falls for 3rd Month in February
- Wednesday, March 19, 2014
U.S. home construction fell for a third month in February, but in a hopeful sign, applications for building permits rose to their highest level in four months.
Builders started work on 907,000 homes at a seasonally adjusted annual rate in February, the Commerce Department said Tuesday. That was down a slight 0.2 percent from January, when construction had fallen 11.2 percent. The declines have been blamed in large part on severe winter weather in much of the country.
52. US Homebuilder Confidence Edges Higher in March
- Tuesday, March 18, 2014
U.S. homebuilders' confidence in the housing market edged higher this month, reflecting improved demand for new homes as the traditional spring home-selling season ramps up.
But the outlook for sales of single-family homes over the next six months dimmed slightly as builders continue to grapple with a shortage of skilled workers, ready-to-build land and rising building materials costs.
53. Grinder Looks to Bring Energy to Associated Builders Role
- Saturday, March 08, 2014
Justin Grinder knew at an early age that he wanted to be involved in the construction industry.
54. US Home Prices Rose at Solid Pace in January
- Wednesday, March 05, 2014
WASHINGTON (AP) – U.S. home prices rose in January after three months of declines as a tight supply of properties likely supported prices despite slower sales.
Real estate data provider CoreLogic said Tuesday that prices rose 0.9 percent in January after dipping 0.1 percent in December. Over the past 12 months, home prices have risen 12 percent, the biggest year-over-year gain in more than eight years.
55. Construction Spending Up 0.1 Percent in January
- Tuesday, March 04, 2014
U.S. construction spending showed a tiny increase in January as strength in housing helped to offset declines in nonresidential building and government projects.
Construction spending edged up 0.1 percent in January, significantly slower than an upwardly revised 1.5 percent gain in December, the Commerce Department reported Monday.
56. US Home Prices Dip for Second Straight Month
- Wednesday, February 26, 2014
WASHINGTON (AP) – U.S. home prices fell for the second straight month in December as brutally cold weather, tight supply and higher costs slowed sales.
The Standard & Poor's/Case-Shiller 20-city home price index declined 0.1 percent from November to December, matching the previous month's decline. The index is not adjusted for seasonal variations, so the dip partly reflects slower buying as winter weather set in.
57. Average 30-Year US Mortgage Rate Up to 4.33 Percent
- Friday, February 21, 2014
WASHINGTON (AP) – Average U.S. rates on fixed mortgages rose this week but remained near historically low levels.
Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan increased to 4.33 percent from 4.28 percent last week. The average for the 15-year mortgage edged up to 3.35 percent from 3.33 percent.
58. US Housing Construction Down 16 Percent in January
- Thursday, February 20, 2014
WASHINGTON (AP) – U.S. home construction fell in January for a second month but the weakness in both months reflected severe winter weather in many parts of the country. The expectation is that housing will deliver another year of solid gains, helped by an improving economy.
59. December US Construction Spending Up 0.1 Percent
- Tuesday, February 04, 2014
WASHINGTON (AP) – U.S. construction spending rose modestly in December, slowing from healthy gains a month earlier.
The Commerce Department said Monday that construction spending increased a scant 0.1 percent to a seasonally adjusted annual rate of $930.5 billion, down from a revised 0.8 percent increase in November.
60. US Sales of New Homes Drop 7 Percent in December
- Tuesday, January 28, 2014
WASHINGTON (AP) – U.S. sales of new homes fell in December for a second consecutive month but even with the pause at the end of the year, sales for all of 2013 climbed to the highest level in five years.
61. US Home Sales Edged Up 1 Percent in December
- Friday, January 24, 2014
WASHINGTON (AP) – Sales of existing U.S. homes edged up slightly in December, helping to lift sales for the year to the highest level in seven years.
Sales increased to an annual rate of 4.87 million units last month, up 1 percent from the November sales pace, the National Association of Realtors reported Thursday. Both months represented a slower pace of sales than earlier in 2013, reflecting the drag from higher mortgage rates and higher home prices.
62. US Homebuilding Dips, But Year Best Since 2007
- Monday, January 20, 2014
WASHINGTON (AP) – U.S. home construction slowed in December but ended 2013 with the best showing since the housing bubble burst.
The Commerce Department said Friday that builders broke ground last month at a seasonally annual rate of 999,000. That's 9.8 percent lower than November's pace of 1.12 million, which was the fastest in five years.
63. Surprisingly Weak Jobs Report Puzzles Economists
- Monday, January 13, 2014
WASHINGTON (AP) – It came as a shock: U.S. employers added just 74,000 jobs in December, far fewer than anyone expected. This from an economy that had been adding nearly three times as many for four straight months – a key reason the Federal Reserve decided last month to slow its economic stimulus.
64. US Construction Spending Up 1 Percent in November
- Friday, January 03, 2014
WASHINGTON (AP) – U.S. construction spending rose in November at the strongest pace in more than four years, driven by solid gains in home construction and commercial projects.
The Commerce Department said construction spending increased 1 percent in November to a seasonally adjusted annual rate of $934.4 billion. That's the fastest rate since March 2009 and a slight improvement on the revised 0.9 percent gain in October.
65. Factory, Construction Growth Boost 2014 Outlook
- Friday, January 03, 2014
WASHINGTON (AP) – Expectations are rising for a stronger U.S. economy in 2014 after reports Thursday showed solid growth in manufacturing and construction spending at the end of last year.
66. Home Electricity Use in US Falling to 2001 Levels
- Tuesday, December 31, 2013
NEW YORK (AP) – The average amount of electricity consumed in U.S. homes has fallen to levels last seen more than a decade ago, back when the smartest device in people's pockets was a Palm pilot and anyone talking about a tablet was probably an archaeologist or a preacher.
67. US Economy Expands at 4.1 Percent Rate
- Monday, December 23, 2013
WASHINGTON (AP) – The U.S. economy grew at a solid 4.1 percent annual rate from July through September, the fastest pace since late 2011 and significantly higher than previously thought. Much of the upward revision came from stronger consumer spending.
68. US Home Construction Hits Highest Pace in 5 Years
- Thursday, December 19, 2013
WASHINGTON (AP) – U.S. builders broke ground on homes at the fastest pace in more than five years, strong evidence that the housing recovery is accelerating despite higher mortgage rates.
69. US Homebuilder Confidence Surges in December
- Wednesday, December 18, 2013
U.S. homebuilders' confidence bounced back strongly this month, a sign that construction and industry hiring may pick up in coming months.
The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday climbed to 58. That was up from 54 in November and matched an eight-year high reached in August. Readings above 50 indicate that more builders view sales conditions as good than poor.
70. US New-Home Sales Jump in October
- Thursday, December 05, 2013
WASHINGTON (AP) – Americans ramped up purchases of new homes in October after three months of soft sales, evidence that the housing recovery is improving fitfully.
Sales of new homes grew 25.4 percent to a seasonally adjusted annual rate of 444,000, the Commerce Department said Wednesday. That was the largest monthly percentage increase since May 1980.
71. US Manufacturing Grows at Fastest in 2.5 Years
- Tuesday, December 03, 2013
WASHINGTON (AP) – U.S. manufacturing grew in November at the fastest pace in 2½ years as factories ramped up production, stepped up hiring and received orders at a healthy clip.
72. US Home Permits Rise at 5-Year High on Apartments
- Thursday, November 28, 2013
WASHINGTON (AP) – U.S. developers received approval in October to build apartments at the fastest pace in five years, a trend that could boost economic growth in the final three months of the year.
73. Homebuilder Confidence Holds Steady in November
- Tuesday, November 19, 2013
U.S. homebuilders’ confidence in the housing market held steady this month, but many are worried that another fight over the federal budget could cause would-be buyers to put off home purchases.
74. CubeSmart Sells Storage Facility for $7.9 Million
- Tuesday, November 12, 2013
2700 Poplar Ave.
Memphis, TN 38112
Sale Amount: $7.9 million
Sale Date: Nov. 4, 2013
Buyer: WCP/DSSH Holdings 16 LLC
Seller: CubeSmart LP
Details: Wayne, Va.-based self-storage real estate investment trust CubeSmart LP has sold the U-Store-It facility at 2700 Poplar Ave. in the 38112 ZIP code for $7.9 million.
75. Builders of Obama's Health Website Saw Red Flags
- Wednesday, October 23, 2013
WASHINGTON (AP) — Crammed into conference rooms with pizza for dinner, some programmers building the Obama administration's showcase health insurance website were growing increasingly stressed. Some worked past 10 p.m., energy drinks in hand. Others rewrote computer code over and over to meet what they considered last-minute requests for changes from the government or other contractors.
76. Builder Confidence Dips Amid Budget Impasse
- Thursday, October 17, 2013
U.S. homebuilders are feeling less confident in the housing market, reflecting their uncertainty over the budget impasse in Washington.
The National Association of Home Builders/Wells Fargo builder sentiment index released Wednesday fell to 55 in October. That’s down from a reading of 57 in September. September’s reading was revised one point lower from its initial estimate.
77. US Businesses Worry About a Prolonged Shutdown
- Thursday, October 03, 2013
NEW YORK (AP) – As the government's partial shutdown enters a second day, most companies across the country are doing business as usual. Yet concern is rising that a prolonged shutdown would cause some work at private companies to dry up and consumers to lose faith in the U.S. economy.
78. US New-Home Sales Jump 7.9 Percent in August
- Thursday, September 26, 2013
WASHINGTON (AP) – Americans stepped up purchases of new homes in August after cutting back in July, suggesting that higher mortgage rates are not yet slowing the housing recovery.
Sales of new homes increased 7.9 percent last month to a seasonally adjusted annual rate of 421,000, the Commerce Department said Wednesday. That comes after sales plunged 14.1 percent in July to a 390,000 annual rate.
79. US Home Sales Hit 6.5-Year High but Could Slow Soon
- Friday, September 20, 2013
WASHINGTON (AP) – U.S. home sales rose last month to the highest level since February 2007 as buyers rushed to close deals before mortgage rates increased further.
Yet the gain could represent a temporary peak if higher rates slow sales in coming months.
80. US Builders Boost Single-Family Home Construction
- Thursday, September 19, 2013
WASHINGTON (AP) – U.S. builders started work in August on the most single-family homes in six months and requested permits to construct even more in future months. The figures suggest housing remains a driver of economic growth despite higher mortgage rates.
81. US Builder Confidence Steady, Rates a Concern
- Wednesday, September 18, 2013
U.S. homebuilders' confidence in the housing market held this month at its highest level in nearly eight years. But builders are starting to worry that sales may slow if mortgage rates continue to rise.
82. Business Leaders Make Case for Immigration Reform
- Friday, August 30, 2013
NASHVILLE (AP) – Prominent business leaders and Republicans held a forum in Nashville on Wednesday to build support for immigration reform among the public and members of Congress.
The Senate passed a far-reaching immigration measure in June that includes border security, workplace enforcement and a path to citizenship. But the majority of House Republicans remain opposed to any path to citizenship, creating concerns that legislators will be unable to craft a compromise bill.
83. US Builders Broke Ground on More Homes in July
- Monday, August 19, 2013
WASHINGTON (AP) – U.S. developers broke ground on homes at a faster pace in July. But the rise was all due to apartment construction, which is typically volatile. By contrast, builders began work on fewer single-family homes – the bulk of the market – and sought fewer permits to build them.
84. US Homebuilder Confidence Nears 8-Year High
- Friday, August 16, 2013
Confidence among U.S. homebuilders is at its highest level in nearly eight years, fueled by optimism that demand for new homes will drive sales growth into next year.
The brighter sales outlook is the latest sign pointing to a sustained pickup in construction in coming months and comes as applications for permits to build single-family houses are at a five-year high.
85. Average Rate on 30-Year US Mortgage Stays 4.4 Percent
- Friday, August 16, 2013
WASHINGTON (AP) – Average rates on U.S. long-term fixed mortgages remained steady for a second straight week, giving prospective home buyers more time to lock in historically low levels.
86. Obama Pitches Mortgage Overhaul as Housing Rallies
- Wednesday, August 07, 2013
PHOENIX (AP) – Buoyed by an improving housing market, President Barack Obama on Tuesday proposed a broad overhaul of the nation's mortgage finance system, including winding down government-backed Fannie Mae and Freddie Mac. He declared that taxpayers should never again be left "holding the bag" for the mortgage giants' bad bets.
87. US New-Home Sales Jump to Five-Year High
- Thursday, July 25, 2013
Americans snapped up new homes in June at the fastest pace in five years, a sign the housing recovery is strengthening.
Sales of newly built homes rose 8.3 percent last month to a seasonally adjusted annual rate of 497,000, the Commerce Department said Wednesday. That’s the highest since May 2008 and up from an annual rate of 459,000 in May, which was revised lower.
88. US Builders Start Work on Fewer Homes in June
- Thursday, July 18, 2013
WASHINGTON (AP) – U.S. builders started work on fewer homes in June, mostly because apartment construction fell sharply. But applications for permits to build single-family houses rose to the highest level in five years, suggesting the housing recovery will continue.
89. US Homebuilder Confidence, Sales Outlook Soar
- Wednesday, July 17, 2013
U.S. homebuilders are feeling more optimistic about their home sales prospects than they have in more than seven years, a trend that suggests home construction will accelerate in coming months.
The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday jumped to 57 this month from 51 in June. It was the third consecutive monthly gain.
90. Reports Reflect Fed's Message of Stronger Economy
- Wednesday, June 26, 2013
WASHINGTON (AP) – The U.S. housing recovery is strengthening. Factories are fielding more orders. And Americans' confidence in the economy has reached its highest point in 5.5 years.
That brightening picture, captured in four reports Tuesday, suggests that the economy could accelerate in the second half of the year. It underscores the message last week from the Federal Reserve, which plans to slow its bond-buying program this year and end it next year if the economy continues to strengthen. The Fed's bond purchases have helped keep long-term interest rates low.
91. US Home Prices Rise 12.1 Percent in April
- Wednesday, June 26, 2013
U.S. home prices jumped 12.1 percent in April from a year ago, the most since March 2006. More buyers and a limited supply of available homes have lifted prices in most cities across the country, a sign of a broad-based housing recovery.
92. US Home Re-Sales Surpass 5 Million in May
- Friday, June 21, 2013
WASHINGTON (AP) — U.S. sales of previously occupied homes surpassed the 5 million mark in May, the first time that's happened in 3 ½ years. The gain shows the housing recovery is strengthening.
93. US Home Construction Rises 6.8 Percent in May
- Wednesday, June 19, 2013
WASHINGTON (AP) — U.S. builders stepped up home construction in May and applied for permits to build single-family homes at the fastest pace in five years. The gains show housing remains a key source of growth for the economy.
94. Homebuilder Confidence Soars
- Tuesday, June 18, 2013
For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months.
The National Association of Home Builders/Wells Fargo builder sentiment index released Monday leaped to 52 this month from 44 in May. It was the largest monthly increase since 2002.
95. US Home Prices Jumped in April by Most in 7 Years
- Wednesday, June 05, 2013
U.S. home prices soared 12.1 percent in April from a year earlier, the biggest gain since February 2006, as more buyers competed for fewer homes.
Real estate data provider CoreLogic says prices rose in April from the previous April in 48 states. Prices also rose 3.2 percent in April from March, much better than the previous month-to-month gain of 1.9 percent.
96. US Auto Sales See Big Gains in May
- Tuesday, June 04, 2013
DETROIT (AP) – Price cuts at Nissan and strong demand for pickup trucks helped U.S. auto sales rebound in May after a slight dip in April.
General Motors reported its strongest monthly sales since September of 2008. Chrysler, Ford, and Toyota also reported increases. Nissan Motor Co. notched its highest May sales ever after cutting prices on seven popular models early in the month. Only Volkswagen said sales fell compared with May of last year.
97. Signed Contracts to Buy US Homes at 3-Year High
- Friday, May 31, 2013
WASHINGTON (AP) — The number of Americans who signed contracts to buy homes ticked up in April to the highest level in three years. The increase points to growth in home sales in the coming months.
98. Applications for US Unemployment Aid Rises
- Friday, May 31, 2013
WASHINGTON (AP) — The number of Americans seeking unemployment benefits rose 10,000 last week to a seasonally adjusted 354,000. Still, the level of applications is consistent with steady hiring and remains near a five-year low.
99. Rising Home, Stock Prices Boost US Confidence
- Wednesday, May 29, 2013
WASHINGTON (AP) — Americans are more confident in the U.S. economy than at any point in the past five years, thanks to surging home values, a brighter job market and record-setting stock prices.
100. US New Home Sales Up 2.3 Percent in April
- Friday, May 24, 2013
WASHINGTON (AP) – U.S. sales of new homes rose in April and nearly matched the fastest pace in five years, driving the median price to a record high. The gains suggest the housing recovery is strengthening.