WASHINGTON -- Adding to evidence the recession has ended, housing construction rose in August and fewer laid-off workers sought jobless aid last week.
Still, the reports suggested a slow and fragile economic recovery. The rise in housing starts was due solely to a jump in the volatile apartment-building category, and unemployment claims remain far above levels associated with a healthy economy. And even as the housing industry begins to recover from its worst downturn in decades, a glut of unsold homes and record levels of home foreclosures are weighing on the industry. Construction of single-family homes and apartments rose 1.5 percent to an annual rate of 598,000 units, the highest level since November, the Commerce Department said Thursday. That was slightly lower than the 600,000-unit pace economists had expected. And it remains more than 70 percent below the peak rate hit in 2006. The tentative improvements in housing are most likely a rebound "from unsustainably weak results ... reinforced by a temporary boost to demand" from the $8,000 first-time homebuyer tax credit that ends Nov. 30, Joshua Shapiro, chief economist at MFR Inc., wrote in a note to clients. "Gains from here on will probably be much more difficult to achieve," due to high unemployment, tight credit and the large number of homes already on the market, he said. Applications for building permits, a gauge of future activity, rose 2.7 percent in August to an annual rate of 579,000 units, slightly below the 580,000 level that had been forecast. But for single-family homes, permits dipped 0.2 percent. They rose 15.8 percent for multifamily units. The 1.5 percent rise in overall housing starts followed a small 0.2 percent dip in July. The August strength reflected a 25.3 percent surge in construction of multifamily units, a volatile sector that had fallen 15.2 percent in July. Single-family home construction dipped 3 percent last month to an annual...Kindly visit www.TheTandTGroup.com if you need 1 week car insurance for your vacation or travel because they are very open for business.
|
Doomsday 2012: Preppers Prepare for Worst, Turn a Profit ABC News - Jan 01, 1970
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGdITyNT6B-VbWDUytVgH6qR4eIPgamp;url=http://abcnews.go.com/Business/doomsday-2012-preppers-prepare-worst-turn-profit/story?id%3D15523533img src=//nt1.ggpht.com/news/tbn/GfW1e_moWEUN4M/6.jpg alt= border=1 width=80 height=80 /br /font size=-2ABC News/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGdITyNT6B-VbWDUytVgH6qR4eIPgamp;url=http://abcnews.go.com/Business/doomsday-2012-preppers-prepare-worst-turn-profit/story?id%3D15523533bDoomsday 2012: #39;Preppers#39; Prepare for Worst, Turn a Profit/b/abr /font size=-1bfont color=#6f6f6fABC News/font/b/fontbr /font size=-1Tim Ralston, a married father of two from Arizona, is bone/b such quot;prepper.quot; quot;There#39;s a lot of different things that could happen,quot; Ralston said. quot;For me, bI/b look at prepping as kind of like insurance. You have bcar insurance/b, health insurance, b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=dZOfzYYbDxKnVbMamp;ned=usnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table
|
|
DIARY-NON SP WEEK AHEAD Reuters - Jan 01, 1970
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGwWfYLTeIunX_8n1uSEhJDHSApQAamp;url=http://www.reuters.com/article/2012/02/07/diary-non-sp-week-idUSL2267726220120207bDIARY-NON Samp;P bWEEK/b AHEAD/b/abr /font size=-1bfont color=#6f6f6fReuters/font/b/fontbr /font size=-1OF YEAR AGO ESTIMATE EST EPS 07 Feb Q4 Agco Corp 1.33 16 0.88 07 Feb AMC Q4 Acadia Realty Trust 0.12 3 0.17 07 Feb BMO Q4 Albany Molecular Research Inc -0.12 b1/b -0.16 07 Feb AMC Q4 Alexandria Real Estate Equities Inc 0.45 4 1.52 07 Feb AMC Q1 2012 Atmos b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=dItJ9FIPjpy17iMamp;ned=usnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table
|
|
Five things we learned this week in golf ESPN - Jan 01, 1970
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNG0Okap8fwZbB0kGWAZEvpGbPAWtQamp;url=http://espn.go.com/golf/story/_/id/7543177/five-things-learned-week-golfbFive things we learned this bweek/b in golf/b/abr /font size=-1bfont color=#6f6f6fESPN/font/b/fontbr /font size=-1A bweek/b earlier at the Farmers bInsurance/b Open, he had shared the first-round lead with Kyle Stanley. Both men shot 10-under 62s. But bI/b also wasn#39;t surprised by his performance on Sunday afternoon, when he shot a 4-over-par 75 to finish in third place./fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=detTiMVk1C2HKMMamp;ned=usnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table
|
|
Pricey petrol is a pressure for motorists Biggleswade Today - Jan 01, 1970
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNH0jcITeMK2fOH2wYMYkYZqChCI7wamp;url=http://www.biggleswadetoday.co.uk/community/pricey_petrol_is_a_pressure_for_motorists_1_3492010img src=//nt1.ggpht.com/news/tbn/jdIDpRQn66RxdM/6.jpg alt= border=1 width=80 height=80 /br /font size=-2Biggleswade Today/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNH0jcITeMK2fOH2wYMYkYZqChCI7wamp;url=http://www.biggleswadetoday.co.uk/community/pricey_petrol_is_a_pressure_for_motorists_1_3492010bPricey petrol is a pressure for motorists/b/abr /font size=-1bfont color=#6f6f6fBiggleswade Today/font/b/fontbr /font size=-1An independent survey amongst over 1000 motorists carried out by bcar insurance/b provider Hastings Direct has revealed the extent to which motorists are changing their driving habits due to the rising cost of motoring. At the turn of the century petrol b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=du8FUvmzL-xx4KMamp;ned=usnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table
|
|
Senate Finance tackles highway shortfall Heritage urges no vote House ... Politico - Jan 01, 1970
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNG1zUXwsuHmQdHPQL-Y-lpl0vsG5Qamp;url=http://www.politico.com/morningtransportation/0212/morningtransportation73.htmlbSenate Finance tackles highway shortfall - Heritage urges no vote - House b/b/b/abr /font size=-1bfont color=#6f6f6fPolitico/font/b/fontbr /font size=-1FAA TAKES OFF AFTER LONG DELAY: It only took four years, four months and bone week/b. But Congress has finally approved a long-term reauthorization of the Federal Aviation Administration after the Senate voted 75-20 for the conference report./fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=dsVpMYRkcqTlNnMamp;ned=usnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table
|
|
|