Housing-Starts Increase ‘May Soon Pause’

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Smaller-Scale Property Investors Feel Mounting Fiscal Pressure Next: The Importance of Communicating With Struggling Borrowers Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Christina Hughes Babb Servicers Navigate the Post-Pandemic World 2 days ago Share Save Housing-Starts Increase ‘May Soon Pause’  Print This Post Demand Propels Home Prices Upward 2 days ago 2020-11-18 Christina Hughes Babb Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Housing-Starts Increase ‘May Soon Pause’ The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The U.S. Census Bureau released its construction statistics for October—which shows permits, starts, and completions—recorded a 4.9% increase in housing starts in October compared to September.Fannie Mae’s Chief Economist Doug Duncan points out that the increase was driven by single-family housing starts, which rose 6.4%, the sixth consecutive monthly increase. At 1.18 million annualized units, this was the fastest construction pace since April 2007.”While the comparative strength of single-family starts was expected,” Duncan said, “the gain was somewhat larger than anticipated and will likely result in a modest upgrade to our near-term housing starts forecast.”George Ratiu, Senior Economist at Realtor.com added that the census data “mirror rising builder optimism.”Ratiu says homebuilders are “walking a tightrope between increasing costs of labor, materials, and land, and eager buyers seeking larger homes in suburban neighborhoods.””While they are well-positioned to meet the needs of buyers in these neighborhoods,” he said, “the volume of new construction still lags the number of buyers. This has led to steeply rising new home prices that are beginning to overshadow the benefit of low interest rates. Real estate markets need a massive new inventory boost to restore balance and make homes more affordable.”First American Deputy Chief Economist Odeta Kushi weighed in on the report, echoing the idea that while new construction is happening the struggle to keep up remains.”Despite record-low inventory of existing homes for sale, construction activity has lagged. The construction industry faces several supply-side headwinds: increasing material costs (specifically rising lumber costs), a chronic lack of construction workers, a dearth of buildable lots, and restrictive regulatory requirements in many markets,” Kushi said. “There are signs that this situation may improve in the months to come. In October, single-family housing starts increased to a post-Great Recession high, increasing 29% from October 2019 as builders overcame … and broke ground on more homes. Single-family housing permits, a leading indicator of future starts, also increased by nearly 21% relative to one year ago.”Duncan says prior data indicate a closing of the gap may have started in September when new sales pulled back a bit but construction accelerated.”We expect a strong construction pace relative to sales to continue for the time being. However, the brisk acceleration in starts experienced over the past few months may soon pause. Both single-family housing permits and the number of homes authorized-but-not-yet-started were essentially flat over the month, which we believe suggests that the rapid phase of recovery may soon be ending and that further gains will likely be more modest going forward.”Kushi added that the rise in single-family permits in conjunction with the rise in construction employment in October “signals an upward trajectory for housing starts looking ahead. This reinforces reports that builder confidence increased to a record 35-year high in November, even in the face of cost challenges.”For the brokerage sector, Austin Niemiec, Executive Vice President of Rocket Pro TPO, offers the following insight on the report:”With home builders maintaining an incredible pace not seen in years, even well into the fall, brokers should view this as a clear sign they will continue assisting purchase clients throughout the rest of the year. With all products witnessing red hot demand, it is critical brokers have a strong focus on reinvesting in their business to ensure great success in the future regardless of what the market brings.” Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Market Studies, News Subscribe Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Sign up for DS News Daily November 18, 2020 845 Views last_img read more

News story: New research on the long-term health of 2 groups of older veterans

first_imgVery little is known about this topic despite the continued use of chemical agents (for example in Syria, and Salisbury UK) so the findings will be relevant to all those who have been, or are at risk of, coming into contact with chemical agents, including military personnel, emergency services, and the general population.The new research is an update to an original study conducted by the University of Oxford. In the original study, researchers used historical records to compare patterns of cancer development and mortality between 2 groups of approximately 18,000 male veterans.The first group were the ‘Porton Down veterans’ those who were exposed to small doses of chemical agents as part of the ‘human volunteer programme’ at Porton Down between 1941 and 1989 and the second group were veterans in service during the same period, but who did not go to Porton Down.This, earlier, study found little evidence of a link between those exposed to chemical agents (including mustard gas, nerve agents, and protective chemicals for example; antidotes) and cancer or death up until 2004.The main objective of this new research is to update cancer and mortality data by an additional 15 years. This extra data will allow researchers to gain a greater understanding of the relationship between chemical agent exposure and long term health at a level of detail not possible in the original study.To learn more about the study, and your right to object to your records being used for health research, please see Porton Down study on the King’s College London website.Email: [email protected], or call +44 (0) 20 7848 0505.Members of this cohort study may object to their records being used.last_img read more

Sologomy: Woman who helps others self-marry reveal what takes place in the ceremonies

first_imgThe Independent 23 March 2017Family First Comment: The push continues to distort the true and natural meaning of marriage – “sologamy”, “monogamish”, polyamorous, group marriage,Dominique, who married herself in 2011 and wears a nose ring as a symbol of her sologamy, talks to The Independent about how she helps other women undergoing the same commitment.Over the past few years, there has been a rise in ‘self-marriage’. This being quite as literal as it sounds – making a commitment to a deep, meaningful relationship with just yourself.Self-marriage, otherwise known as sologamy, is not legally recognised but has been on a steady rise in recent years. In many cases, it can mirror traditional weddings with various case studies and news stories showing women in wedding dresses stood alongside their bridesmaids and wearing a wedding ring.Dominique, from California, runs a self-marriage ceremonies website which assists people who wish to make that commitment to themselves. She says the community of people willing to do so is growingShe held her own ceremony in 2011, aged 22, after “practicing self-love for many years”, where she lit candles in her bedroom and vowed to be “kind and compassionate to myself, especially when I make mistakes”. Prior to this, she travelled across India for six months to connect with her own self-love after dedicating her career and studies to researching the subject.“My purpose in life is to help hold a space within and for all to drop into our true nature of being, to love ourselves more fully, and to experience the true intimacy of the divine in order to create a world where we live, serve, and embody love,” she told The Independent. “I have dedicated my life to the pursuit and study of love as a force for global, social, and personal change.”READ MORE: http://www.independent.co.uk/life-style/love-sex/sologomy-women-self-marry-ceremonies-rings-what-happens-california-a7644576.htmlKeep up with family issues in NZ. Receive our weekly emails direct to your Inbox.last_img read more

Pair heap praise on Lampard

first_imgFrank Lampard received praise from Rafael Benitez and Michael Laudrup after netting his 201st Chelsea goal in the 2-0 Barclays Premier League win over Swansea at Stamford Bridge. Press Association After setting up Oscar’s opener, Lampard, who began the game as a substitute, converted a 45th-minute penalty to move within one of the club record held by the watching Bobby Tambling. “Frank is a great player,” Benitez said. “I’m really pleased he’s scored another goal and hopefully he can score five between now and the end of the season and he’ll be much happier and we will be the same.” center_img The midfielder is 35 in June, out of contract this summer and his future is uncertain, but he continues tirelessly to work for the Chelsea cause, with the Blues’ bid for a Champions League qualifying place now firmly in their own hands as they sit three points clear of Tottenham. His appearance midway through the first half in place of dead-leg victim Ramires injected impetus into Chelsea’s play. The goal was his 15th of the season and first following seven scoreless appearances, since moving to 200 goals against his former club West Ham on March 17. Benitez added: “He’s a good player with quality. When you’re controlling and have more possession, he can have an influence, like today.” Swansea boss Laudrup, formerly of Real Madrid and Barcelona, had nothing but admiration for the midfielder, and he said: “When you have quality, you will always have it. The thing is, even if we don’t want to admit it, we all get older. “Sometimes the pace is not the same, you can’t do exactly the same things, but the quality is always there. We know Frank Lampard, the quality he has. Always coming there, from the second line into the box, so difficult to mark. He’s scored so many goals.” Lampard had dropped to the bench as Benitez manages his options with Chelsea chasing two targets and Thursday’s Europa League semi-final second leg with Basle in mind. Benitez added: “He’s a great professional. He’s always really focused. He would like to play more games, but he understands the main thing is the team and to qualify for the Champions League. He wants to play, but he understands the team is first.” last_img read more

Syracuse men’s basketball opponent preview: What to know about Colgate

first_imgSyracuse has the size advantage. Syracuse has the talent advantage. But in their last two games, SU was outworked and out-toughed, Jim Boeheim said at Madison Square Garden. The Orange will have to avoid that on Wednesday because the more chances Colgate gets, the more chances it’ll get to make 3s, which means the more chances at a surprising result.KenPom odds: Syracuse has a 95 percent chance to win, by a projected score of 79-61Stat to know: 20 – The career-high points scored by Colgate sophomore, Jack Ferguson, which came in the Carrier Dome last season. He’s eighth on the Raiders in scoring this season, but based on last season’s success, there’s a chance he gets more playing time than he’s been averaging to rekindle last year’s success.Player to know: Rapolas Ivanauskas, forward, No. 25Ivanauskas is in his first year with the Raiders after spending two seasons at Northwestern and then sitting out a year due to transfer. He shoots 58.1 percent from the floor and has made 6 of 12 3-pointers, and has grabbed double-digit rebounds in all five of Colgate’s games. The Raiders have Dana Batt at center in all five games this season, which could mean Ivanauskas spends much of the early part of Wednesday’s game attacking from the foul line. His shooting touch will force Paschal Chukwu to close out hard, and Ivanauskas will have to make plays from that point for the Raiders to contend on Wednesday. Comments Syracuse (2-2) has won 52-straight games against Colgate (4-1) in what is the most-frequent matchup in the history of SU. The Orange and Raiders have met 170 times, dating back to 1902. Heading into meeting 171, Syracuse is coming off two losses at Madison Square Garden at the end of last week, to UConn and Oregon. The Raiders beat Binghamton on Monday night, 76-68, and are on a four-game win streak after losing their season opener in overtime. Here’s what you need to know about the Raiders.All-time series: Syracuse leads, 125-45Last time they played: Last season, Syracuse beat Colgate, 72-58. In the Dec. 9 matchup, the Orange’s three-headed offensive attack led the way: Tyus Battle had 24, Oshae Brissett added 20 and Frank Howard chipped in 18. Paschal Chukwu had a good day at the rim with nine rebounds and four blocks. Two of Colgate’s top-three scorers that day, Jack Ferguson (20 points) and Will Rayman (12), return this season for the Raiders. The Colgate report: The Raiders are led by Northwestern-transfer Rapolas Ivanauskas. The 6-foot-10 junior has grabbed double-digit rebounds in every game so far and is averaging 18.8 points per game and 11.6 rebounds per game, both tops on Colgate. He’s also shot 50 percent from 3 on 12 attempts.AdvertisementThis is placeholder textJoining Ivanauskas in double-digit scoring are two returners: Rayman and Jordan Burns. Burns averages 15.6 points per game and leads the Raiders in assists. The Colgate perimeter attack runs through Burns, who hit five 3s against Monmouth earlier this season. If the Raiders want to stretch the SU zone, it’ll be through Burns. Rayman comes in at 6-foot-8 and averages 14.2 points and 5.4 rebounds per game. He scored in double figures against Syracuse last season, and is another big that will step beyond the arc and shoot the 3. The Raiders have attempted about a third of their shots from 3-point range. When they played in the Dome last season, 35 out of 51 shot attempts were 3s. Expect these scorers, along with Ferguson, who scored 20 against the Orange last year, to hoist up lots of shots from distance.How Syracuse beats Colgate: Close out on shooters and grab rebounds. If Syracuse limits Colgate to tough shots and prevents second chances, the SU offense will be given another game to work out the kinks. The Raiders have shown in the past that they aren’t shy about shooting 3s against the Orange; SU just has to make those shots as difficult as it can. Long shots generally mean long rebounds, so all five players on the floor for Syracuse will need to attack the glass. SU’s guards have to prevent perimeter players from Colgate from sliding inside them near the free-throw line, where the Orange have had trouble allowing offensive rebounds so far this season. Published on November 20, 2018 at 1:15 pm Contact Billy: [email protected] | @Wheyen3 Facebook Twitter Google+last_img read more

10 months agoDerby, Preston chasing Newcastle midfielder Dan Barlaser

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Derby, Preston chasing Newcastle midfielder Dan Barlaserby Paul Vegas10 months agoSend to a friendShare the loveNewcastle United face losing Dan Barlaser for nothing.The Daily Mail says the Turkey youth international is currently impressing during a loan spell at League One Accrington Stanley and boss John Coleman is desperate to extend his stay beyond January.Barlaser – who has also been involved with England Under-18s – has appeared three times for Newcastle’s first team but is said to have improved markedly in recent months given the exposure to senior football.The 21-year-old is now attracting interest from the likes of Middlesbrough, Derby, Preston and Wigan who are aware of his contract situation at St James’ Park. last_img read more

NWAC appeals to Harper government to fund project aimed at helping Indigenous

first_imgAPTN National NewsAlmost a year ago, the Native Women’s Association of Canada applied to the Status of Women minister seeking funding for a program to combat violence against Indigenous women.They’re still waiting.Project Peace sits on the shelf and the five employees who would run it are out of a job.The employees were laid off in April when funding for a different NWAC program ran out.The new funding was supposed to begin May 1 and NWAC had a meeting with Minister Kellie Leitch at the end of March hoping to secure it.But it never came and NWAC said their proposal was revised multiple times.NWAC met with Leitch again Tuesday where they pressed for answers on the $500,000 they are requesting.President Michele Audette was at that meeting and says NWAC hopes to know more Friday.The Harper government recently announced a $25 million “action plan” to help end violence against Indigenous womenThe feds say they traveled the country seeking input on the plan.But Audette said NWAC was never consulted.Audette spoke to APTN National News from our Ottawa bureau.last_img read more

Trade war fears and tech jitters stalk global stock markets

first_imgLONDON – Global stock markets fell for a second day Tuesday as investors continued to fret over a looming trade war between the U.S. and China and mounting public scrutiny of technology companies.Stocks have been trending lower for weeks largely because of a series of tariffs announced by U.S. President Donald Trump and the Facebook data privacy scandal, which has raised the prospect of tighter regulation for social media and other tech stocks.In the last week, Trump has also tweeted repeatedly about his new favourite foe, Amazon, whose owner also owns The Washington Post, which has been critical of the Trump administration.Trump has approved possible higher U.S. duties on $50 billion of Chinese goods in response to complaints that Beijing steals or pressures foreign companies to hand over technology. Those tariffs come on top of previous proposals to raise tariffs on imported steel and aluminum.In response, China announced it is raising tariffs on $3 billion of U.S. goods including pork, apples and steel pipe, increasing the risk of a broader conflict that might depress global trade.“The mood remains decidedly bearish, and there is certainly no shortage of reasons to be fearful,” said Chris Beauchamp, chief market analyst at IG. “It’s times like this when investors face a choice — whether to sit and await developments or plunge back in.”That was evident in the performance of stocks on Tuesday.Returning from the long Easter holiday weekend, Europe’s stock markets tracked others lower, though the scale of the losses were diminished by expectations of a rebound on Wall Street later.In Europe, Germany’s DAX fell 0.8 per cent to 11,999 while London’s FTSE 100 declined 0.2 per cent to 7,037. France’s CAC 40 was 0.5 per cent lower at 5,140.Wall Street was poised for some solid gains at the open Tuesday with Dow futures and the broader S&P 500 futures up 0.5 per cent. On Monday, the S&P posted its worst start to a quarter since October 2011 and saw the index fall below its 200-day moving average for the first time in almost 2 years.U.S. technology companies are in the spotlight, notably Amazon, which posted hefty losses of around 5 per cent Monday after Trump again voiced his concerns about the company on Twitter.The sector was already in the gaze of investors after Facebook’s data scandal last month that has raised the prospect of heightened regulation. Netflix, Microsoft and Google parent Alphabet have all seen their share prices decline.“Pressure on the sector doesn’t appear to be going away in the near-term which will continue to act as a drag on indices,” said Craig Erlam, senior market analyst at OANDA.Earlier in Asia, the Shanghai Composite Index lost 0.8 per cent to 3,163.63 and Tokyo’s Nikkei 225 shed 0.4 per cent to 21,292.29. Sydney’s S&P-ASX 200 declined 0.1 per cent to 5,751.90. Elsewhere, Seoul’s Kospi ended down 27 points at 2,442.43. Hong Kong’s Hang Seng bucked the trend, ending up 0.2 per cent at 30,137.49.Elsewhere, the euro was flat at $1.23 while the dollar rose 0.3 per cent to 106.23 yen. In the oil markets, a barrel of U.S. crude gained 22 cents to $63.23 per barrel in electronic trading on the New York Mercantile Exchange while Bren crude, used to price international oils, rose 29 cents to $67.93 in London.last_img read more

King Mohammed VI Receives Egypt’s Foreign Minister

first_imgMarrakech- King Mohammed VI received on Friday at the Royal Palace of Marrakech, Egyptian foreign minister, Nabil Fahmi.The meeting, held on the sidelines of the 20th session of Al Quds Committee held in Marrakech this January 17-18, took place in the presence of Morocco’s minister of foreign affairs and cooperation, Salaheddine Mezouar, and Egypt’s ambassador in Morocco, Ahmed Ihab Abdelahad Jamaleddine.last_img