Editorial Results (free)
1. US Construction Spending Hits Highest Level in 10 Years
- Wednesday, January 04, 2017
WASHINGTON (AP) – U.S. builders boosted spending on construction projects for a second straight month in November, pushing activity to the highest level in more than a decade.
Construction spending rose 0.9 percent in November after a 0.6 percent increase in October, the Commerce Department reported Tuesday. The increase reflected solid gains in home construction, nonresidential building and government construction activity.
2. New Wood Technology May Offer Hope for Struggling Timber
- Tuesday, January 03, 2017
RIDDLE, Ore. (AP) – John Redfield watches with pride as his son moves a laser-guided precision saw the size of a semi-truck wheel into place over a massive panel of wood.
Redfield's fingers are scarred from a lifetime of cutting wood and now, after decades of decline in the logging business, he has new hope that his son, too, can make a career shaping the timber felled in southern Oregon's forests.
3. US Homebuilder Confidence Holds Steady in November
- Thursday, November 17, 2016
U.S. homebuilders' confidence held steady this month, though their expectations for sales into next year dimmed slightly.
The National Association of Home Builders/Wells Fargo builder sentiment index released Wednesday was unchanged at 63. That's two points below September's reading, which was the highest in nearly a year, and up one point from a year ago.
4. Memphis-Area Entrepreneurs Earn Top Franchise Honor
- Friday, November 11, 2016
Local entrepreneurs Fain and Sandra Dalton, owners of The Grounds Guys of Germantown, recently took home the award for Franchisees of the Year for The Grounds Guys landscaping services company, which encompasses more than 240 franchisees across the country.
5. LITE to Use $40K Grant for Student Programs
- Friday, October 28, 2016
Fresh off of receiving a $40,000 grant, Hardy Farrow is poised to take his nonprofit program to the next level.
Farrow’s organization, Let’s Innovate Through Education (LITE), recently was one of 60 applicants nationwide to receive a grant from the State Farm Youth Advisory Board. The organization, which aims to turn minority students into entrepreneurs, was among 750 nonprofits to apply.
6. US Home Sales Rebounded in September Despite Tight Supply
- Friday, October 21, 2016
WASHINGTON (AP) — More Americans bought homes in September, many for the first time, despite a persistent shortage of properties for sale.
The National Association of Realtors said Thursday that sales of existing homes rose 3.2 percent from August to a seasonally adjusted annual rate of 5.47 million, the strongest pace since June. Sales rose across the country: 5.7 percent in the Northeast, 5 percent in the West, 3.9 percent in the Midwest and 0.9 percent in the South.
7. US Home Construction Fell 9 Percent in September
- Thursday, October 20, 2016
WASHINGTON (AP) — Homebuilders pulled back on construction for a second straight month in September, with a plunge in apartments offsetting gains in single-family homes. Building activity was weak in all parts of the country except the Midwest.
8. US Construction Spending Fell Again in August
- Tuesday, October 04, 2016
WASHINGTON (AP) – U.S. builders trimmed spending on construction projects in August for a second straight month with housing, non-residential and government activity all seeing declines.
9. Sales of New Homes Tumbled 7.6 Percent in August
- Tuesday, September 27, 2016
WASHINGTON (AP) – Sales of new homes retreated in August, one month after surging to the highest level in nearly nine years. Activity fell in all regions of the country except the West.
10. US Home Construction Slumped in August; Big Dip in the South
- Wednesday, September 21, 2016
WASHINGTON (AP) – Homebuilders pulled back on construction in the South, causing the pace of August housing starts nationwide to fall to their lowest level in three months.
Despite the monthly decline, construction activity has accelerated for much this year. Builders are increasingly optimistic about sales growth, a reflection of how steady job gains are leading more Americans to purchase new houses and sign leases for new apartments.
11. US Home Sales Fell in July Amid Inventory Shortage
- Thursday, August 25, 2016
WASHINGTON (AP) – US homebuyers pulled back in July, as sales declined amid a shortage of available properties and steadily rising prices.
Sales of existing homes fell 3.2 percent last month to a seasonally adjusted annual rate of 5.39 million, the National Association of Realtors said Wednesday. The decline marks a reversal from rising demand that pushed sales in June to their highest level since February 2007.
12. US New-Home Sales Climb to Best Level Since Late 2007
- Wednesday, August 24, 2016
WASHINGTON (AP) – Americans stepped up their purchases of new homes in July to the fastest pace in nearly nine years, the latest sign that low mortgage rates and a solid job market are helping support the residential real estate market.
13. US Home Construction Climbed to a 6-Month High in July
- Wednesday, August 17, 2016
WASHINGTON (AP) – Apartment construction in the Northeast fueled a jump in home building in July as the pace of housing starts nationwide reached the strongest pace in six months.
The rate of overall construction rose 2.1 percent to a seasonally adjusted annual rate of 1.21 million from 1.19 million in June, the Commerce Department said Tuesday. That was the highest level since February. Most of the gain came from an 8.3 percent acceleration in the construction of multi-family buildings. Construction of single-family houses edged up just 0.3 percent.
14. US Homebuilder Sentiment Rises in August as Sales Improve
- Tuesday, August 16, 2016
U.S. homebuilders are feeling more optimistic about the housing market this month, reflecting strong growth in new-home sales and prices.
The National Association of Home Builders/Wells Fargo builder sentiment index released Monday rose two points to 60 following a downwardly revised reading of 58 in July.
15. US Home Prices Rise at Steady Pace as Sales Heat Up
- Wednesday, July 27, 2016
WASHINGTON (AP) – U.S. home prices extended their steady upward march in May, spurred by rising sales and a dwindling supply of available houses.
The Standard & Poor's CoreLogic Case-Shiller 20-city home price index increased 5.2 percent in May compared with a year ago. That is down from a 5.4 percent annual gain in April but still above last summer's growth rate.
16. Memphis Baby Boomers Seek Support Of Local Organizations to Age in Their Homes
- Wednesday, July 27, 2016
Advancements in technology and medicine have contributed to an increased lifespan and adults are living well beyond retirement years.
As baby boomers reach retirement age, AARP predicts that the population of adults older than 65 will surpass 70 million people by 2030. Memphis is experiencing the growth firsthand – the only age group with significant growth in Memphis since the 2010 census is the 65+ age group, which saw an 18 percent increase in just five years.
17. US Home Construction Posted Solid Gain in June
- Wednesday, July 20, 2016
Construction of new homes posted a solid increase in June, led by a surge of building in the Northeast and the West.
The Commerce Department said Tuesday that housing starts rose 4.8 percent to a seasonally adjusted annual rate of 1.19 million from a revised 1.14 million in May. The June reading was the highest level since February, but was down from 1.21 million a year earlier.
18. Last Word: Being Veep, Greensward Still Active and Tuition Goes Up
- Wednesday, July 06, 2016
On one of the most eventful days yet in the 2016 Presidential general election campaign, U.S. Sen. Bob Corker was on the campaign trail with presumptive Republican nominee Donald Trump. First there was a private meeting in New York where he was reportedly being vetted for the vice president’s position including a look at his financials – and then a Trump rally in Raleigh, N.C., where he was being road tested.
19. US New-Home Sales Tumbled in May After a Surge in April
- Friday, June 24, 2016
WASHINGTON (AP) – Americans pulled back from buying new homes in May, reversing strong gains made in April as sales fell sharply in the Northeast and West.
New-home sales declined 6 percent last month to a seasonally adjusted rate of 551,000 from a downwardly revised 586,000 in April, the Commerce Department said Thursday. Still, sales are 6.4 percent higher year-to-date. Job growth and ultra-low mortgage rates have helped drive the increase, though the data can be volatile from month to month and across regions.
20. Goal of Owning Home Still Strong, and 8 Other Housing Trends
- Thursday, June 23, 2016
WASHINGTON (AP) – Americans still want to own homes – if they can afford to. That's the finding of a report being released Wednesday by the Harvard University Joint Center for Housing Studies.
21. 10 Years After Housing Peaked, US is More of a Renter Nation
- Tuesday, June 21, 2016
MOUNT PLEASANT, South Carolina (AP) – It's a troublesome story playing out across America in the 10 years since the housing bubble peaked and then burst in a ruinous crash: As real estate has climbed back, homeowners are thriving while renters are struggling.
22. Last Word: Graduation Day, St. Jude's New Office Tower and Another Bike Map
- Monday, May 23, 2016
The chances are pretty good that you encountered someone in a cap and gown this weekend.
It is graduation season and Shelby County Schools kicked it off Saturday with 14 high school graduations – that’s in one day.
23. US Builders Increase Home Construction in April
- Wednesday, May 18, 2016
WASHINGTON (AP) – Builders ramped up construction of new homes in April, suggesting that the market remains solid despite sluggish economic growth at the beginning of the year.
Housing starts climbed 6.6 percent to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department said Tuesday. The increase makes up for much of March's 9.4 percent drop in starts, a decline that partially reflected the volatile swings in residential construction on a monthly basis.
24. 4 Fed Leaders Face Questions About Their Powerful Jobs
- Monday, April 11, 2016
WASHINGTON (AP) – Janet Yellen was put on the spot about whether she made a mistake in raising interest rates in December. Ben Bernanke was quizzed about what it felt like to be called a traitor by the governor of Texas.
25. US New-Home Sales Tumble in January, Big Decline in West
- Thursday, February 25, 2016
WASHINGTON (AP) – Americans stepped back from buying new homes in January, as purchases plunged sharply in western states where prices are typically higher.
The Commerce Department said Wednesday that new-home sales fell 9.2 percent last month to a seasonally adjusted annual rate of 494,000. Most of the decline stemmed for a 32.1 drop in sales in the West. Sales also slipped in the Midwest, while edging up in the Northeast and South.
26. 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.
27. 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.
28. 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.
29. 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.
30. 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.
31. 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.
32. 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.
33. 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.
34. 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?
35. 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.
36. 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.
37. 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
38. 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.
39. 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.
40. 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.
41. 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.
42. 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.
43. 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.
44. 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.
45. 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.
46. 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.
47. 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.
48. 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.
49. 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.
50. 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.
51. 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.
52. 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.
53. 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.
54. 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.
55. 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.
56. 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.
57. 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.
58. 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.
59. 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.
60. 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.
61. 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.
62. 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.
63. 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.
64. 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.
65. 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.
66. 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.
67. 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.
68. 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.
69. 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.
70. 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.
71. 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.
72. 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.
73. 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.
74. 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.
75. 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.
76. 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.
77. 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.
78. 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.
79. 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.
80. 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.
81. 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.
82. 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.
83. 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.
84. 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.
85. 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.
86. 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.
87. 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.
88. 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.
89. 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.
90. 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.
91. 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.
92. 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.
93. 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.
94. 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.
95. 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.
96. 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.
97. 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.
98. 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.
99. 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.
100. 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.