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By Knight-Ridder News Service | May 17, 1991
WASHINGTON -- Gains in three of four regions drove housing starts up 6.2 percent last month, to an annual rate of 957,000 units, the Commerce Department reported yesterday.However, permits to build new houses, a leading economic indicator, fell 3 percent last month, to an annualized 865,000 units, after gaining in February and March.The increase in April housing starts followed a revised 9.2 percent decline in March to 901,000 units and a revised 17.1 percent gain in February to 992,000. Since a January low of 847,000 units, overall housing starts have gained 12.9 percent.
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NEWS
December 12, 2013
Editor: Anna's House and Early Head Start of Harford County, programs of Catholic Charities, are initiating a new collaborative relationship in the areas of fundraising and volunteer outreach in Harford County. This new partnership is designed to allow Anna's House and Early Head Start to deliver services more effectively and efficiently to families living in poverty. Proceeds from the 2014 annual Anna's House Breakfast, which will be held in early April, will support both Anna's House and Early Head Start of Harford County.
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BUSINESS
By Floyd Norris and Floyd Norris,New York Times News Service | March 17, 1991
NEW YORK -- Housing starts are at their lowest levels since 1982, and homebuilders are suffering, with bankruptcies expected among the weakest of them. There is talk of a real estate bust that in magnitude will rival the post-World War II boom.But, in the face of that stream of bad news, the stock prices of homebuilders, including Columbia-based Ryland Group, are rising sharply. In the last month, an index of shares of homebuilding companies has climbed 28 percent.Many investors, it would appear, do not believe the gloomiest of the forecasts.
NEWS
By Nina Beth Cardin | May 23, 2011
April housing starts were down 10 percent from March, the Commerce Department tells us, hitting the lowest level since the 1940s. What is disturbing is the dire tone that accompanies this information — the oh-my-oh-my attitude of the business sector that is passed on compliantly by the news media. New housing starts are falling for at least three good reasons, all brought to us courtesy of the despairing housing industry itself: •There too many houses on the market because builders have over-built.
BUSINESS
November 3, 2002
Housing starts in Sept. at highest level since June 1986 "Housing starts rebounded in September to their highest rate since June 1986 supported by the lowest mortgage interest rates since the 1960s," said Robert J. Sheehan, consulting economist for the National Apartment Association. "Housing starts had declined moderately in the three previous months. And single-family starts increased to their highest rate since November 1978. Also, multifamily starts fell slightly, but remain at a very high level," Sheehan said.
BUSINESS
By Mark Kollar and Mark Kollar,Knight-Ridder News Service | March 22, 1992
CHICAGO -- The dramatic rise in U.S. housing starts during February shows that consumers were rushing to take advantage of a relatively low interest rate environment, economists said.Also, good weather conditions and expectations that first-time home buyers may receive tax credits increased demand in the housing industry, they said.The Commerce Department Tuesday said housing starts rose 9.6 percent in February to a seasonally adjusted 1.304 million units, the highest level since March 1990.
NEWS
By James M. Coram and James M. Coram,Staff Writer | February 2, 1993
Over the objections of its chairwoman, the County Council voted 3-1 last night to accept the planning and zoning department's housing projections for the decade beginning in 1996.Council Chairwoman Shane Pendergrass, D-1st, wanted to postpone a vote on the projections until next month, when she hoped to amend them downward.Ms. Pendergrass wanted to limit residential housing starts to 2,500 a year for the decade beginning in 1996. Had the council agreed with her, planning department projections for the decade would have been reduced by 8.4 percent.
BUSINESS
By Knight-Ridder | May 17, 1991
WASHINGTON -- Gains in three of four regions drove housing starts up 6.2 percent in April.The jump was seen by some economists as laying the foundation for an economic recovery.However, although the housing market is "coming off the floor, it isn't leaping off the floor," Robert Dederick at Northern Trust Bank in Chicago said, adding that any rebound is likely to be subdued.Dederick noted that the rise in starts was mostly fed by the single-family sector, generally the first component to react to a lowering of interest rates by the Federal Reserve.
BUSINESS
By New York Times News Service | June 17, 1993
WASHINGTON -- Builders broke ground for new homes at only a modestly faster pace in May, despite a reported early-spring sales boom and a rise in construction jobs, the Commerce Department reported yesterday.The somewhat disappointing 2.4 percent rise in housing starts meant this crucial sector is likely to contribute almost nothing to gross domestic product for the April-June quarter, despite the lowest mortgage rates in about 20 years and a reversal of lumber prices that soared over the winter.
BUSINESS
By BLOOMBERG NEWS | February 21, 1997
WASHINGTON -- Housing construction rebounded in January, business activity in mid-Atlantic states perked up this month, and labor markets remain robust -- the latest signs of clear sailing for the U.S. economy as it enters its seventh straight year of growth."
BUSINESS
November 19, 2009
New-home construction fell sharply in October, underscoring the fragility of the fledgling housing recovery. Housing starts unexpectedly fell 10.6 percent to a seasonally adjusted 529,000 annual rate in October, compared with the prior month, the Commerce Department said Wednesday. That was a 30.7 percent drop from October 2008. Analysts were caught off guard by the news because many had expected an increase in new construction. Patrick Newport, U.S. economist for IHS Global Insight, called the plunge in housing starts a "shocker" in a note to clients.
NEWS
By Michael Dresser and Michael Dresser,michael.dresser@baltsun.com | March 18, 2009
As the federal government released figures yesterday showing an unexpected uptick in housing starts and building permits, Maryland homebuilders are reporting flickers of life in the long-moribund local market for new homes. Builders say they're seeing an increase in foot traffic through model homes, with fewer window shoppers and more serious buyers. While hardly booming, they say, sales are edging up as some buyers are deciding the market is at or near a bottom. Michael DeStefano, president of Sturbridge Homes in Gambrills, said rising sales from his inventory of homes are a leading indicator of future building activity and retail sales - as buyers furnish their new homes.
NEWS
By JILL ZUCKMAN and JILL ZUCKMAN,CHICAGO TRIBUNE | June 16, 2006
WASHINGTON -- After more than three years and 2,500 deaths, the House embarked yesterday on its most extensive debate about the war in Iraq, with Republicans demanding support for President Bush's course and Democrats calling for a change in direction to allow U.S. troops to come home. Lawmakers were expected to talk late into the night, resume their debate today, then vote on a resolution crafted by Republican leaders that would shun specific timetables for shifting troops out of Iraq and casts the war as a vital front in the war on terrorism.
BUSINESS
By BLOOMBERG NEWS | August 14, 2005
Canadian housing starts unexpectedly rose in July as low mortgage rates spurred home sales, the federal government's housing agency said. Work began on 242,300 housing units at an annual rate last month, compared with June's 241,300, Canada Mortgage & Housing Corp. said in Ottawa. Monthly home sales and prices have set records this year as the average rate on the five-year fixed mortgage dipped to 5.7 percent last month, matching a level set last year that was the lowest since 1955. The five-year rate is common in Canada, where mortgages are rolled over more frequently than in the U.S. Low interest rates and pent-up demand from a lull in building during the last decade have helped construction, said Bob Dugan, chief economist at Canada Mortgage & Housing Corp.
BUSINESS
By KNIGHT RIDDER/TRIBUNE | April 20, 2005
WASHINGTON - Housing starts fell 17.6 percent in March, the biggest monthly drop in more than 14 years, fueling fears that the nation's four-year housing boom might be slowing. The housing numbers were released yesterday by the Commerce Department as the Labor Department announced that producer prices shot up 0.7 percent last month, largely because of soaring energy costs. There was good news embedded in yesterday's bad news. Higher energy costs accounted for virtually all the rise in producer prices and, because the housing and inflation numbers point to an economic slowdown, they could make it less likely that the Federal Reserve will raise interest rates aggressively next month.
BUSINESS
By BLOOMBERG NEWS | July 21, 2004
WASHINGTON - U.S. housing starts unexpectedly fell in June to the lowest level in a year, suggesting a slowdown in residential construction due to rising interest rates. Building permits, a sign of future activity, declined the most in a decade. Builders broke ground on homes in June at an annual rate of 1.802 million units, compared with a revised annual pace of 1.97 million units in May, the Commerce Department said. The decline in building permits was the biggest since February 1994, when the Federal Reserve last started raising its target interest rate after a recession.
NEWS
By Ted Shelsby and Ted Shelsby,SUN STAFF | April 27, 2003
Cecil County residents will have their say Wednesday evening on one of the more contentious issues in the county in a number of years - a legislative proposal that would put a six-month halt on new housing starts in more than half the county. "I anticipate a huge crowd," Commissioner William C. Manlove said of the public meeting to discuss a bill he submitted that is designed to prevent an onslaught of new development projects making their way into the system as the county prepares to review its long-term growth plan.
BUSINESS
By BLOOMBERG NEWS | June 17, 2004
WASHINGTON - U.S. industrial production increased 1.1 percent in May, the most in nearly six years, as utilities generated more power and companies made more business equipment. Builders began work on more homes than forecast, and construction permits reached the highest annual rate in three decades. The rise in production at the nation's factories, mines and utilities followed April's 0.8 percent increase, the Federal Reserve said. Separately, the Commerce Department said housing starts fell 0.7 percent to an annual rate of 1.97 million, topping economists' expectations.
BUSINESS
May 16, 2004
A weekly briefing on the economic calendar Monday Earnings reports Limited, Lowe's, Toys 'R' Us Tuesday * Housing starts and building permits for April Earnings reports AMC Entertainment, Barnes & Noble, Deere & Co., Home Depot, J.C. Penney, Saks, Staples, Applied Materials, Borders Group, Hewlett-Packard Wednesday Earnings reports Intuit, Longs Drug Stores, Computer Associates Thursday * Leading indicators for April * Initial unemployment claims...
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