Americans spending a bit more as gas prices fall
WASHINGTON — Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead.
May 15 2012 | Posted in AP News | Read More »
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August home building fell 5 pct., slide continues
WASHINGTON — U.S. builders broke ground on fewer homes in August, evidence that the housing market remains depressed.
Sep 20 2011 | Posted in AP News | Read More »
Powell-based business helps seniors remain independent
Powell resident Peter Misuraca knew he was onto something with his new business, Aging Gracefully Designs LLC, as 10,000 baby boomers came into retirement age at the beginning of the year. The company, which was started in May, renovates home for the elderly and disabled, making them more safe and independent and keep them in their own house as long as possible, Misuraca said.
New-home sales fall, 2011 could be worst year yet
WASHINGTON — Sales of new homes fell for the third straight month in July, a sign that housing remains a drag on the economy. If the current pace continues, 2011 would be the worst year for new-home sales in nearly half a century.Sales fell nearly 1 percent in July to a seasonally adjusted annual rate of 298,000, the Commerce Department said Tuesday. That’s less than half the 700,000 that economists say represent a healthy market.
Aug 23 2011 | Posted in AP News | Read More »
Homebuilders missing out on economic recovery
WASHINGTON — For homebuilders, it hardly feels like an economic recovery. Nearly two years after the recession ended, the pace of construction is inching along at less than half the level considered healthy. Single-family home building, the bulk of the market, has dropped 11 percent in that time. And there’s no sign it will improve soon.
May 17 2011 | Posted in AP News | Read More »