Secret Site Map
Tuesday, March 03, 2015

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

Rollins Acquires Critter Control

Critter Control is 100% franchised with 114 franchises operating in 40 states and two Canadian provinces. It is the largest wildlife control company in the United States.

Protect-A-Bed Releases New Bed Bug Testing Kit

The new LightsOut Lab-In-A-Bag Efficacy Kit is now available to assist the pest management industry.

Ecolab Releases 2014 Q4 Results

The company said its fourth-quarter earnings rose 17%. Ecolab CEO Doug Baker said the company’s U.S. pest business “has been steadily improving” due to a number of investments in that business starting two years ago.

More 2014 Angie’s List Award Winners Announced

Angie’s List recently announced the following companies as 2014 Super Service Award winners: Arizona Pest Control, Tucson, Ariz.; Braman Termite and Pest Elimination, Agawam, Mass.; Inspect-All, Conyers, Ga.; and Gannon Pest Control, Solvay, N.Y.

Gerbils, Not Rats, May Have Caused Black Death

Black rats may not have been to blame for numerous outbreaks of the bubonic plague across Europe, a new study suggests.

x