Secret Site Map
Tuesday, June 30, 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

Plague Confirmed in Colorado Teen’s Death

The Larimer County (Colo.) Health Department confirmed that a teen died from the plague earlier this month.

Massey Services Acquires EcoShield Pest Control

Orlando, Fla.-based Massey Services has acquired EcoShield Pest Control of Atlanta and EcoShield of Austin, Texas.

Video: Terminix's 'Mosquitonado' Ad

In advance of the July 22 release of “Sharknado 3: Oh Hell No!” Terminix has released a trailer for an equally over-the-top parody, “Mosquitonado,” based on the world’s actual deadliest animal: mosquitoes.

Bed Bugs Discovered in UN Building

Staff at the United Nations' New York headquarters got a message informing them of the presence of bed bugs.

Dead Rats, Roaches Found in Tampa VA Hospital

A. Haley Veteran Affairs Hospital in Tampa is under investigation after dead rats and roaches were found in the kitchen, WFTV reports.

x