Consumer Spending Gives Economy a Lift The warmest January in more than 100 years lured consumers out to the shopping malls to spend money at the fastest clip in six months, giving a strong boost to
New Home Construction Unchanged in June WASHINGTON Jul 19, 2005 , Construction of new homes and apartments showed no change in June following a decline the month before with weakness in every part of the country
Contractor credentialing booming post-Katrina (Reg Req'd) Applications for Louisiana contractor's licenses have soared in the months since Hurricane Katrina.read more...
Bernanke Expects More Fallout From Housing Downturn Ben Bernanke said the housing downturn is likely to remain 'a significant drag' on economic growth through early 2008.
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Priced out of Welsh towns - teachers, firefighters and nurses TEACHERS, nurses, firefighters and police officers have been priced out of more than four times as many Welsh towns and cities as they were three years ago.via
Knopf named as loan officer Debra K. Knopf, a Pacific City resident, has joined the staff of Oregon Coast Bank as a residential real estate loan officer for the bank's Pacific City office.via
Sales of new homes surged in April by the biggest amount in 14 years, but the median price of a new home dropped by the largest amount on record. The mixed signals left no clear picture of whether the worst of the nation’s housing slump is over.
The Commerce Department reported that sales of new single-family homes jumped by 16.2 percent in April to a seasonally adjusted annual rate of 981,000 units. That was far better than the tiny 0.2 percent gain that economists had been expecting.
However, the median price of a new home sold last month fell to $229,100, a record 11.1 percent decline from the previous month. The big price decline indicated that builders are slashing prices in an effort to move a huge overhang of unsold homes. Read more
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