Secret Site Map
Saturday, August 02, 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

Bed Bugs Turn Up in Senate Office Building

The pests were found on the sixth floor of the Dirksen building last week, causing officials to take emergency measures such as closing off a restroom for a couple of days with yellow police tape, the Daily Caller reports.

'NPMA Gives Award' Presented to Spencer Pest Services

The award was created to provide association members with a way to recognize their contributions to their communities.

Update: Bill to Amend FIFRA, CWA Passes House

The Reducing Regulatory Burdens Act of 2013 (H.R. 935), a bill that would amend the Federal Insecticide, Fungicide and Rodenticide Act and the Federal Water Pollution Control Act regarding the use of pesticides near bodies of water, passed the U.S. House of Representatives on Thursday.

What Role Does Private Equity Play in M&As?

Michael O’Connell and Christopher Ball of Brocket Tamny, two veterans of the financial markets with extensive banking experience, will share their knowledge on this topic at the upcoming PCT Mergers and Acquisitions Virtual Event, scheduled for Aug. 27.

Podcast: Rob LaMoine on His 'Biggest Mistake'

LaMoine, president of RIA Solutions, Buford, Ga., talks about his biggest mistake, which was waiting too long to switch his company's service model to exterior only.