Secret Site Map
Thursday, October 30, 2014

Home News Housing Starts Rise to Highest Level Since 2008

Housing Starts Rise to Highest Level Since 2008

Inspections

Work began on more U.S. houses in April than at any time in over a year and wholesale prices unexpectedly decreased, showing the economy is strengthening without stoking inflation.

| May 24, 2010

WASHINGTON - Work began on more U.S. houses in April than at any time in over a year and wholesale prices unexpectedly decreased, showing the economy is strengthening without stoking inflation, Business Week reports.

Permits fell last month by the most since December 2008, a sign homebuilding will pause after a tax-induced jump in sales boosted companies like D.R. Horton Inc. Rising raw-material costs aren’t making their way up production lines, the price report showed, underscoring why Federal Reserve policy makers project inflation will be contained.

“It’s encouraging to see starts gain some traction, but the decline in permits takes some of the luster off,” said Jonathan Basile, an economist at Credit Suisse in New York, who forecast the increase in construction and the drop in prices. “Inflation is subdued. There are cost pressures in the pipeline, but they’re not leaving the factory.”

Click here to read the entire article.

Source: Business Week

Top news

NPMA Pinnacle Award Presented to Tom Fortson

Fortson, longtime president of Terminix Service, Columbia, S.C., was announced as recipient of the NPMA Pinnacle Award, NPMA’s highest honor.

Three Industry Leaders Recognized at Univar International Reception

Univar Director Latin America Benjamin Gomez recognized three industry leaders at PestWorld’s International Reception, including Norm Cooper, recognized with the Global Ambassador Lifetime Achievement Award.

UPFDA Recognizes Contributions of Tommy Reeves at Board Meeting

Reeves recently completed a two-year term as UPFDA president where he was instrumental in establishing the future direction of the association.

Tim Brock Recognized with Young Entrepreneur Award

Brock, owner and president of Brock Lawn and Pest Control, was announced as the winner of the third annual Young Entrepreneur Award, presented by NPMA and Rentokil.

Laura Simpson Receives Women of Excellence Award

Simpson, president of Dugas Pest Control, Baton Rouge, La., was announced as the 2014 NPMA Women of Excellence Award winner.

x