“Positive Conditions” Leading to Strong Home Builder Confidence

first_img Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Mike Albanese Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago “Positive Conditions” Leading to Strong Home Builder Confidence The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Previous: Fannie Mae: Housing Driving Economic Growth Next: Navigating Loss Mitigation in a Low-Default Landscape Related Articlescenter_img November 18, 2019 951 Views Tagged with: Housing Market 2019 NAHB/Wells Fargo Housing Market Index new home inventory Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News  Print This Post Housing Market 2019 NAHB/Wells Fargo Housing Market Index new home inventory 2019-11-18 Mike Albanese Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / “Positive Conditions” Leading to Strong Home Builder Confidence Sign up for DS News Daily The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) found builder confidence in the newly-built single-family homes was just one point lower to 70 in November. The past two months have had the highest sentiment levels in 2019. “Single-family builders are currently reporting ongoing positive conditions, spurred in part by low mortgage rates and continued job growth,” the report states. “In a further sign of solid demand, this is the fourth consecutive month where at least half of all builders surveyed have reported positive buyer traffic conditions.” NAHB states there have been substantial annual improvements following housing affordability issues in 2018 when the HMI was 60. Lot shortages, however, remain an issue for custom builders, as they struggle with affordability concerns, lack of labor, and regulatory constraints. The Northeast posted a two-point gain in builder confidence to 62, the West’s sentiment increased to 81, the South rose one point to 74, and the Midwest was unchanged at 58. All regions posted year-over-year increases. Redfin reported earlier this month that although the sale prices for new homes fell 1.5% from 2018, new-home sales rose 5.6%. Home-sale prices fell to a new average of $370,000 for Q3 2019—the biggest price decline since 2012 and the third consecutive quarter of declines. The new-home supply fell 7.9% annually, which is also the most significant inventory drop since 2012, and the second straight quarter of declines.  Prices for existing homes rose 4.2% from 2018, while sales increased by 2.1%. The supply of existing homes fell by 6.9%. Redfin stats the 10% year-over-year rise in residential building permits could signal the start of a “moderate recovery” for the new-home market. “Buyers are returning to the new-home market thanks to low mortgage rates and relatively low prices,” said Redfin Chief Economist Daryl Fairweather. “And builders, also taking advantage of low-interest rates to fund projects, are paying attention to preferences for affordability, which has led to more sales. Residential construction was a bright spot in the economy in the third quarter, a sign that builders are working to fill an inventory gap. As we head into the new year, I expect more new-home listings to hit the market, which should help sustain the relatively high level of sales.”last_img read more

Python-sniffing dogs are Florida’s newest weapon in fighting invasive snakes

first_imgFlorida Fish and Wildlife Conservation CommissionBy JON HAWORTH, ABC News(NEW YORK) — For decades, pythons have been identified as one of the biggest and most concerning invasive species in Florida, having drastically impacted the populations of a number of native species and permanently altering the ecosystem since they were first introduced into the wild.But now, the Florida Fish and Wildlife Conservation Commission (FWC) have a new weapon in controlling the population of these threats to natural wildlife in the region — Truman the black Labrador and Eleanor the point setter.Duncan and Eleanor are the two biggest stars of the FWC’s new Detector Dog Team. Their task? Hunting down and helping their handler’s remove Burmese pythons from the wild.According to the FWC, detector dogs are nothing new and have previously been trained to detect anything from bed bugs to sea turtle nests. Burmese pythons, however, might be the biggest challenge yet.Truman and Eleanor spent over a month in training and learned to search for pythons using scent signals and how to alert their handlers when they find a python.“Python-scented towels and live pythons with surgically implanted trackers were used to train the dogs on python scent,” the FWC said in a statement announcing the new detector dog team. “The dogs were also trained to ignore distractions, such as other live animals, when working in an outdoor environment and worked on building up their stamina so they do not tire easily in the field.”Following their training regimen, Truman and Eleanor now go out five days a week with a handler and an FWC biologist to look for pythons on different public lands across south Florida.“Pythons compete with native wildlife for food, which includes mammals, birds, and other reptiles,” the United States Geological Survey (USGS) says on their website. “Severe mammal declines in Everglades National Park have been linked to Burmese pythons.”According to the USGS, a 2012 study found that populations of raccoons had dropped 99.3%, opossums 98.9%, and bobcats 87.5% since 1997.“Marsh rabbits, cottontail rabbits, and foxes effectively disappeared,” the USGS said. “The mammals that have declined most significantly have been regularly found in the stomachs of Burmese Pythons removed from Everglades National Park and elsewhere in Florida.”The FWC’s Detector Dog Team is now the newest tool in their arsenal to combat the burgeoning python population across Florida. The work they do, however, can be risky.“When Truman or Eleanor catches the scent of a python, they follow that scent until they are within approximately 3 feet of the python. When they find a snake, the dogs alert the handler and are rewarded with a recognition response. The dog and handler then back away from the area, clearing the way for the FWC biologist to pinpoint the exact location so they can safely catch and remove the python from the wild,” said the FWC.In Florida, killing pythons does not require a permit and the invasive species can be humanely killed on private lands at any time with landowner permission and the FWC actually encourages people to remove and kill pythons — except by using traps or firearms — from private lands whenever possible.For now, however, Duncan and Eleanor are on the job and they didn’t even have to wait long for their first big success.Said the FWC: “On December 8, 2020 the FWC Detector Dog Team had its first triumph with the successful capture and removal of an 8-foot male python in the Rocky Glades Public Small Game Hunting Area in Miami-Dade County.”Copyright © 2020, ABC Audio. All rights reserved.last_img read more

Officials: Indiana Man Enticed Broward Children to Perform Sex Acts Through Electronics

first_imgA 59-year-old Indiana man is accused of contacting children in Broward County and talking them into exposing themselves on their cellphones or computers.Pierre Alexander Detarnowsky, Jr. was arrested in Brown County, Indiana, on October 1 on four charges, including solicitation of a minor for unlawful sexual activity via computer and lewd and lascivious molestation of a victim 12 to 16 years of age by an offender over 18, court records show.He was extradited back to Broward County and jailed on November 21.Officials added eight more charges at his court hearing on Saturday. They include transmitting material by electronic device that is harmful to minors and unlawful use of a two-way communication device.Detarnowsky’s preliminary bond on the eight additional charges totals $200,000.According to the arrest report, he used online services between September 25, 2018 and April 7 of this year to “seduce, solicit, lure or entice a child… to engage in unlawful sexual activity via a two-way communication device, to wit: a cellphone.”The report also states that on March 27, he contacted a 12- to 16-year old child and asked the minor to fondle themselves.Last April, while in Indiana, Detarnowsky transmitted to a child here in South Florida, “an image, information or data that is harmful to minors,” according to the report.Another court hearing is scheduled for Monday.last_img read more

a month agoEx-Juventus chief Moggi: Sarri always makes excuses

first_imgEx-Juventus chief Moggi: Sarri always makes excusesby Carlos Volcanoa month agoSend to a friendShare the loveFormer Juventus director Luciano Moggi has slammed coach Maurizio Sarri.Sarri blamed the Florence heat for their 0-0 draw at Fiorentina.”He has the habit of always looking for excuses. He does it everywhere he goes,” Moggi told Radio Punto Nuovo.“It’s bad for football and Conte was right to answer him that way. I’ve always thought that to change the game, it’s necessary to change the players, which he didn’t do.“Juventus have great champions who can win a game at any moment, but their game won’t change.“Allegri left because an era had ended and because they wanted to change a style of play that everyone attacked.” About the authorCarlos VolcanoShare the loveHave your saylast_img read more

China tries to defuse trade pressure says world benefits

first_imgBEIJING, China – China’s government defended its trade record as a benefit to the world in a new effort Thursday to defuse U.S. and European pressure over market access and technology policy.A Cabinet report repeated promises to cut tariffs and open more industries to investment. But it didn’t address complaints about plans to create Chinese global technology competitors that are at the heart of a spiraling trade dispute with U.S. President Donald Trump.China’s growth “has brought great opportunities to trading partners all over the world,” a deputy commerce minister, Wang Shouwen, said at a news conference.The report highlights the clash between Beijing’s insistence it has honoured market-opening promises made when it joined the World Trade Organization in 2001 and arguments by Washington, Europe and others that Beijing improperly hampers access to emerging industries and steals or pressures foreign companies to hand over technology.Trump’s threat of tariff hikes on up to $450 billion of Chinese products reflects fears Beijing’s plans are a threat to American technological leadership and prosperity. China has tried to recruit Europe as an ally in the dispute but faces complaints by Germany and other governments that it bars purchases of Chinese assets while its own companies are on a global acquisition spree.Asked about possible U.S. plans to restrict Chinese investment in technology industries, Wang said, “We hope countries concerned can do the right thing and adopt policies that support free trade and investment.”Thursday’s report was the latest effort by President Xi Jinping’s government to deflect pressure to change development tactics by highlighting the benefits of trade with the world’s second-largest economy.The United States and other trading partners say China’s emergence as a competitor in smartphones, solar panels and other fields means it no longer qualifies for the protections it was granted as a developing country when it joined the WTO.Beijing has offered to narrow its multibillion-dollar trade surplus with the United States but has resisted pressure to roll back a state-led industry strategy seen by Communist leaders as a path to prosperity and global influence.Thursday’s report emphasized changes since China joined the WTO including cuts in import duties and improved protection of foreign patents and copyrights.Foreign business groups say while Beijing has made legal changes promised when it joined the WTO, regulators have thrown up new barriers by imposing licensing and other requirements.The dispute with Trump has allowed China, the most closed major economy, to position itself as a defender of free trade.This week, Beijing and the European Union announced they will form a group to work on modernizing WTO rules to keep pace with developments in the global economy. An EU vice-president said Europe wants to focus on technology policy, subsidies and the status of state companies – all issues on which Beijing has disputes with other governments.Chinese officials have tried to appeal to Europe by promising to buy more of its farm goods and saying its companies are welcome to invest.They repeated that message during visits by German Chancellor Angela Merkel in May and French Premier Edouard Philippe this week, though they did not address complains about market and investment barriers.Merkel and other European officials are frustrated by Trump’s tactics but say they are not allying with Beijing.last_img read more

Canadas housing sector faces high degree of instability for eighth quarter CMHC

first_imgTORONTO – Canada’s housing sector is facing a high degree of vulnerability to market instability for the eighth straight quarter with Toronto, Vancouver, Victoria and Hamilton taking on the brunt of the risks, said the Canada Mortgage and Housing Corporation.Those four markets were facing high risks because home prices remain higher than levels supported by the economy and cities’ demographics, said the Crown corporation in a quarterly report it released Thursday based on an analysis of overheating, overvaluations, overbuilding and accelerations in pricing in 15 regions across the country.“Despite the stability in these results, we note that the trends in both overvaluation and price acceleration have been moving in such a way that suggests that vulnerabilities are gradually dissipating,” said CMHC chief economist Bob Dugan, alluding to the recent slowdowns that have been seen in sales volumes and price growth in British Columbia and Ontario.“It can take awhile for that imbalance to solve itself. It is not so much that we are waiting for prices to fall (because) this imbalance can be resolved in any number of ways, whether prices slow or fundamentals grow more rapidly.”In Vancouver and Toronto, Dugan said more affordable forms of housing, including condos, have been the strongest contributors to price fluctuations.His corporation has detected signs of moderate overheating in Vancouver, although price growth has been slowing over the last two quarters and detached properties in some areas are seeing declining prices.In Toronto, CMHC said sales continued to trend lower in the first quarter of 2018, well below the threshold for overheating. The drop in sales and decline in the average price of single-detached homes, it found, continued to weigh on the overall average price.It said market conditions for condos continue to remain “tight,” contributing to stronger price growth for such housing.Meanwhile Ottawa, Winnipeg, Montreal, St. John’s, Moncton, Halifax fared much better. CMHC said they were among the regions with a low risk of vulnerability to market instability.However, CMHC said it was paying close attention to Winnipeg, where home prices are creeping up despite declines in personal disposable income, and Montreal, which it flagged last quarter as being a market to watch because of strong growth in house prices that could warrant a change to a moderate vulnerability rating if price acceleration persists.That moderate vulnerability rating is already being held by Edmonton, Calgary, Saskatoon and Regina because of overbuilding.The rating has been fuelled in Calgary and Edmonton by overbuilding because condo inventory is high, but in Saskatoon was driven by a price decline that has been “significantly larger” in the townhouse category where supply has been far exceeding demandIn Regina, CMHC attributed the moderate rating to downward pressure on home prices.last_img read more

Gymnasts losing money to dispose of garbage outside donation bins

first_imgFORT ST. JOHN, B.C. — The North Peace Gymnastics Association says it is losing money because it is on the hook today for the disposal of spoiled donations and even garbage that is being dropped off outside the Diabetes Foundation donation bins in the Wal-Mart and Wholesale Club parking lots.Gymnastics Association manager Chantelle Yates explained that the Association is contracted out by the Diabetes Foundation to take care of the bins, since the closest branch is located in Edmonton. Yates said that usually, volunteers with the Association empty the bins between once and twice a week, but have been unable to after snow was hard-pressed against the bin doors.Normally, Yates said the club receives 75 cents from the Diabetes Foundation for every 20 lbs. bag of clothing that is collected and sorted. She explained that clothing that is went is not suitable for donation, and needs to be thrown in the trash. However, even though the bins have been plowed in, Yates said residents are dropping off clothing that is not bagged, broken toys, and even garbage outside the bins. “It’s become a dump,” said Yates. “We loaded up two truckloads, went down to the dump. It’s $25 to dump it. I went to Wal Mart the next day and sure enough there was an entire pickup load full of stuff. We can’t stop people from dumping, but there’s a lot of other organizations that will take it right now.”Yates said that the Association has had to spend nearly $100 in tipping fees in the past several weeks. She explained that even if the Association were to ask the Diabetes Foundation to remove the bins, it wouldn’t be possible to remove them until the snow melts later this Spring.last_img read more

Ohio State baseball shows competitive toughness in win against Illinois

The Ohio State baseball team won its rubber match with Illinois, 7-3, after splitting the first two games of the weekend series. OSU wore camouflage uniforms for Sunday’s game to pay tribute to the victims of the Boston Marathon bombing. They were originally going to wear them for Tuesday night’s game against Akron, but the game was rained out. A bombing took place at the Boston Marathon April 15, which led to three deaths and more than 180 injuries. One suspect, Tamerlan Tsarnaev, was killed and the other, Dzhokhar Tsarnaev, was captured over the weekend. The Fighting Illini struck first in the top half of the first inning with two RBI singles by redshirt junior left fielder Jordan Parr and senior third baseman Brandon Hohl, giving them an early 2-0 lead. OSU responded with a big inning in the bottom of the second, when it added six runs of its own including a three-run home run by redshirt senior second baseman Ryan Cypret. The three-run shot was Cypret’s third home run of the season. “We stayed confident,” Cypret said. “High fastball first pitch, then just a low curveball that somehow the stars aligned and I hit it out.” In the following inning, Illinois was able to get one run back on an RBI single by senior center fielder Justin Parr, trimming the Buckeyes’ lead to 6-3. The Buckeyes knocked freshman pitcher Ryan Castellanos out of the game in the bottom of the fifth when freshman third baseman Jacob Bosiokovic hit a one-out RBI double, making the score 7-3. Senior right-hander Brett McKinney replaced senior pitcher Brian King in the top of the seventh with two outs. King allowed three runs and eight hits in 6.2 innings. In the top of the ninth, the Buckeyes brought sophomore closer Trace Dempsey into the game in a non-save situation to get some work. Dempsey retired the Illini in order and ended the game with a strikeout to give OSU its 25th win, 7-3. The Buckeyes improve to 25-13 overall and 9-6 in Big Ten play. Illinois falls to 24-12 on the year and 6-6 in conference competition. King was the winning pitcher and improved his record to 6-4 with a 2.50 ERA. Castellanos took the loss and falls to 2-1 with a 5.20 ERA. Although King struggled in the first inning, when the Buckeyes were able to give him a comfortable lead, he knew he was going to be able to settle in. “I could put my fastball where I wanted it,” King said. “They picked me up so I knew I needed to pick them up for the rest of the game.” OSU coach Greg Beals was pleased with the way the Buckeyes have played the last two games, and even happier that they have won two Big Ten series in a row. “We’ve done it two weekends in a row,” Beals said. “This should be a learning experience for them and learning how to win and what it takes to win games. It really speaks a lot in terms of their competitive toughness.” The Buckeyes don’t play again until Friday, when they are set to open a weekend series with Penn State at Bill Davis Stadium. First pitch is set for 6:35 p.m. read more

Liverpool in talks to sign Shaqiri

first_imgAfter missing out on Lyon’s Nabil Fekir, Liverpool has now set their sights on signing Stoke City winger Xherdan Shaqiri.With a reported release clause of €13.5 – a steal in the current market – the Swiss midfielders stock has skyrocketed and Jurgen Klopp’s side are the favourites to secure his services.Shaqiri was relegated last season with Stoke and is surely too big a name and too great a talent to spend next season languishing in the Championship.Despite an abysmal season on the team front, individually Shaqiri still often stood out and managed to contribute 8 goals and 7 assists for the Potters.At 26 years of age, the Switzerland international is approaching his prime and after failed spells with Bayern Munich and Inter Milan in the past, he could well be ready for another stab at the big time at Anfield.divock origi, liverpoolReport: Origi cause Klopp injury concerns George Patchias – September 14, 2019 Divock Origi injury in today’s game against Newcastle is a cause for concern for Jurgen Klopp.Perhaps with one eye on Tuesday’s trip to Italy…Following his country’s friendly win over Japan at the weekend, the winger remained coy on speculation, responding plainly to questions over his future: “I can’t tell you anything, my agents take care of my future. I’m focusing on the national team right now.”The Stoke Sentinel reported that talks began as early as last Friday between the two clubs, with plenty of time before the World Cup for this deal to be finalised.last_img read more

Thuram reveals when he met Messi and advises Dembele

first_imgFrench legend Lillian Thuram, revealed details of when he first heard about Lionel Messi and sent Ousmane Dembele a bit of useful advice.French defender Lillian Thuram has been retired from football for some time now, he does altruistic work now and always finds time to reminisce about his past life as a player when he shared a dressing room with the likes of Lionel Messi between 2006 and 2008.During the time when Leo first played against a professional club even before his official debut, Thuram was part of that Juventus squad that the Argentine faced in a friendly match when both squads played the Gamper Trophy.The Frenchman missed the game at that time, but he remembers Lionel Messi’s name even from that time.“The first time I heard about Messi I was playing for Juventus,” Thuram told Marca.“The squad went to play the Gamper Trophy. I didn’t make it, I stayed in Turin. I believe I was coming back from the national team.”“When the squad returned, everybody kept talking about this 17-year old kid whose name was Messi and was impossible to stop.”“It was years later when I arrived in Barcelona, that I was able to assess that he would make it big. He was simply the best,” he added.FC Barcelona, Valencia CFMatch Preview: Barcelona vs Valencia Boro Tanchev – September 14, 2019 Is derby time in La Liga, as Barcelona welcomes Valencia to the Camp Nou Stadium tonight at 21:00 (CET).When asked about his compatriot Dembele’s discipline situation, Thuram had some words of wisdom to share with the young player.“He is a great player, that’s the most important thing. I would advise him to learn from the veterans,” he continued.“I was young as well and you have to learn from your elder when you arrive at any club. We can’t make a big fuzz out of the whole subject.”“If I only talked about all the football players who were undisciplined that I came across in my career, I would talk for a whole month,” he concluded.Thuram on Dembélé: “The important thing is he’s a top player. I’d tell him when you move clubs to learn from the veterans. There’s no need to turn his term into drama. If I could talk about the great players I’ve seen not doing the right things, I’d be talking for over a month.” pic.twitter.com/6U6d4EdsQm— Barça Centre (@barcacentre) December 26, 2018last_img read more