US housing starts spiked 18.6% in January, as builders ramped up construction of single-family houses to the fastest pace in 8 months. The Commerce Department said Friday that January ground breakings occurred at a seasonally adjusted annual rate of 1.23-M. Home construction rebounded sharply from December, when the annual rate was just 1.04-M. The lion’s share of […]
$SPY, $USD US homebuilding fell to a more than 2-year lows in December as construction of both single and multi-family housing declined, the latest indication that the economy lost momentum in the fourth quarter. Other details of the report from the Commerce Department on Tuesday were also downbeat and suggested that the housing market could remain sluggish […]
US Housing Starts Rise, Large Scale Multi-family Development Continues US home-building rose in October on continuing multi-family housing projects, but construction of single-family homes fell for a 2nd month running, suggesting the housing market has softened as mortgage rates rise. Other details of the report published by the Commerce Department on Tuesday were also soft. Building permits declined […]
US New Home Sales Fall as Mortgages Rates Rise Sales of new US single-family homes fell to a near 2-year low in September and data for the prior three months was revised lower, the latest indications that rising mortgage rates and higher prices were sapping demand for housing. Though housing accounts for a small share […]
US New Home Sales Up 4%, West Marks 11-Year Highs Sales of new US single-family homes increased in March as sales in the West rose to their highest marks in more than 11 years. The Commerce Department said on Tuesday new home sales increased 4.0% to a seasonally adjusted annual rate of 694,000 units last month. February’s […]
US Housing Starts Decline, Building Permits Stabilize $DIA, $SPY, $QQQ, $VXX US home-building declined in December on a slowdown in the construction of single-family housing units following 2 months of strong gainers. Housing starts decreased 8.2%to a seasonally adjusted annual rate of 1.192-M units, the Commerce Department said on Thursday. November’s sales pace was revised up to […]
US Housing Starts Fall for 2nd Month Running, Stocks Mark Record Highs $DIA, $SPY, $QQQ, $VXX The S&P 500 is at new highs for the 7th session running as The Trump Rally extends US home-building fell for a 2nd straight month in August, as a rebound in the construction of single-family houses was offset by […]
Surprise: July US Housing Starts, Permits Decline Sharply US home-building fell in July amid broad declines in single and multi-family home construction, suggesting the housing market is still struggling to rebound after slumping in Q-2. Housing starts declined 4.8% to a seasonally adjusted annual rate of 1.16-M units, the US Commerce Department said Wednesday. June’s […]
UAE Debuts Smart System to Provide Visas in 10 mins The smart system will allow UAE citizens and residents to undertake all Visa-related activity The UAE’s Ministry of Interior launched a new smart services system that will allow nationals and residents apply for entry permits and residency Visas within 10 minutes. The new service, called […]
Medical Marijuana Update A study finds medical marijuana associated with a decline in traffic fatalities, the Arizona courts stick up for medical marijuana, changes in state law will have impacts in Colorado and Oregon, and more. National Last Monday, a study found that states with medical marijuana laws see a decline in traffic deaths. A […]
Medical Marijuana Update Montana’s dispensaries are coming back to life, Michigan’s medical marijuana fees have been funding aggressive anti-marijuana law enforcement, and more. Arkansas On Monday, members of the state’s new medical marijuana commission were sworn in. In the first meeting of a commission established to create a state medical marijuana system after voters approved […]
US Home Construction Dove in November, Stocks Flat on High Volume $DIA, $SPY, $QQQ, $VXX New-home construction in the US fell more than forecast in November after surging a month earlier to a 9-year high, indicating fitful progress in residential real estate. Residential starts slumped 18.7% to a 1.09-M annualized rate last month after rising […]
September Housing Performance Weaker Than Expected Homebuilders pulled back on construction for a 2nd month running in September, with a dive in apartments offsetting gains in single-family homes. Building activity was weak in all parts of the nation except the Midwest. Construction dove 9% in September to a seasonally adjusted annual rate of 1.05-M units, […]
US Housing Starts Missed Expectations in May US housing starts missed in May as the construction of multi-family housing units dropped, but gains in building permits signaled a possible rebound that would support economic growth in Q-2. Groundbreaking fell 0.3% to a seasonally adjusted annual pace of 1.16-M units, the US Commerce Department said Friday. […]
The Week Ahead on Wall Street $KR, $ORCL Just 2 members of the S&P 500 are scheduled to report earnings to Wall Street this week: The Kroger Co. (NYSE:KR), and Oracle Corp. (NASDAQ:ORCL). Both announce their results Thursday. US Fed’s FOMC Meeting The US Fed’s Open Market Committee (FOMC) will hold a 2-day meeting, beginning […]
New US Single-family Home Sales Post Biggest Gainer in 24 yrs $DIA, $SPY, $QQQ, $VXX New US single-family home sales recorded their biggest across the board gainer in 24 years in April, tapping a more than 8-year high. Tuesday’s report from the US Commerce Department, also showed a rise in new home prices to a […]
Marijuana Spot Price Check: 1lb Cannabis at $2081 Marijuana US economic impact to reach $44-B by Y 2020, Marijuana is here to stay. For the week ended Friday, 13 May, the spot price index for a pound of Cannabis increased 2.5% from $2,030 in the prior week to $2,081. The simple average price for a […]
Raging Wildfires Force Evacuations in Western Canada Massive Fort McMurray wildfires torching 750+ hectares Wildfires causing evacuation notices for hundreds in Alberta and BC, Canada, as crews continue to battle several blazes and experts say the dry temperatures could make for a long and brutal fire season. A wildfire raging in Fort McMurray prompted mandatory […]
