January 2013 U.S. Economic Fundamentals
- Thread starter Ally
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Amazon's two megadeals net net $24 million for city, state governments
In a 24-hour period last week, Clise Properties and Vulcan Inc., with help from Amazon.com, deposited more than $24.2 million in tax revenue into the coffers of the city of Seattle and state of Washington.
Read the full article here.
In a 24-hour period last week, Clise Properties and Vulcan Inc., with help from Amazon.com, deposited more than $24.2 million in tax revenue into the coffers of the city of Seattle and state of Washington.
Read the full article here.
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U.S. Sun Belt still ripe for the pickin'
"An opportunity just came up and it's just such a good time. It's not just the real estate; the exchange rate was a driver," says Mr. Briscoe.
Canadians are helping things pick up in Florida, says Phil Wood, an agent with Naples-based John R. Wood Realtors, who has 35 years in the real estate business in southwest Florida.
Read the full article here.
"An opportunity just came up and it's just such a good time. It's not just the real estate; the exchange rate was a driver," says Mr. Briscoe.
Canadians are helping things pick up in Florida, says Phil Wood, an agent with Naples-based John R. Wood Realtors, who has 35 years in the real estate business in southwest Florida.
Read the full article here.
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The scariest jobs chart ever
It's jobs day in America.
This morning we learned that the U.S. economy added 155k jobs in December and the unemployment rate ticked up in 7.8 percent.
Although the numbers were in line with economists' expectations, they still reflect a job market that remains incredibly weak almost four years into the economic recovery.
Read the full article here.
It's jobs day in America.
This morning we learned that the U.S. economy added 155k jobs in December and the unemployment rate ticked up in 7.8 percent.
Although the numbers were in line with economists' expectations, they still reflect a job market that remains incredibly weak almost four years into the economic recovery.
Read the full article here.
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Housing a sweet spot for U.S. economy as recovery expands
At Lambert Ranch, an Irvine, California, housing development where prices start at $1 million, just two of 98 homes are unsold since the project opened in May.
The builder, New Home Co., is opening 14 neighborhoods in California this year for buyers who want to seize on low interest rates amid a scarce supply of homes for sale.
Read the full article here.
At Lambert Ranch, an Irvine, California, housing development where prices start at $1 million, just two of 98 homes are unsold since the project opened in May.
The builder, New Home Co., is opening 14 neighborhoods in California this year for buyers who want to seize on low interest rates amid a scarce supply of homes for sale.
Read the full article here.
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Americans continue to expect growth in home prices
WASHINGTON, Jan. 7, 2013 /PRNewswire/ -- Consumer confidence in the housing sector grew last month, marked by continued positive attitudes toward home price, rental price, and mortgage rate expectations, according to Fannie Mae's December National Housing Survey results. The growing belief held by Americans that these housing indicators will climb in 2013 may inspire a boost in home purchase activity during the coming months. However, while consumers seem confident that housing activity is on the rise, their outlook toward the economy and personal finances appears to have resumed a more unsettled trend following a show of optimism in November.
Read the full article here.
WASHINGTON, Jan. 7, 2013 /PRNewswire/ -- Consumer confidence in the housing sector grew last month, marked by continued positive attitudes toward home price, rental price, and mortgage rate expectations, according to Fannie Mae's December National Housing Survey results. The growing belief held by Americans that these housing indicators will climb in 2013 may inspire a boost in home purchase activity during the coming months. However, while consumers seem confident that housing activity is on the rise, their outlook toward the economy and personal finances appears to have resumed a more unsettled trend following a show of optimism in November.
Read the full article here.
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Halifax downtown revitalization may force more businesses to move
[HALIFAX, NS] ` A downtown business advocate says the revitalization of HRM`s downtown core will likely lead to a `shift` of retail on the peninsula.
`I think we`re going to now start seeing businesses that were downtown moving to the north end, for instance, which has revitalized a lot in the last couple of years,` said Paul MacKinnon, executive director of the Downtown Business Commission. `We are going to see that shuffle.`
Three fixtures of the downtown core learned last week they`ll have to find new homes in the next year.
Read the full article here.
[HALIFAX, NS] ` A downtown business advocate says the revitalization of HRM`s downtown core will likely lead to a `shift` of retail on the peninsula.
`I think we`re going to now start seeing businesses that were downtown moving to the north end, for instance, which has revitalized a lot in the last couple of years,` said Paul MacKinnon, executive director of the Downtown Business Commission. `We are going to see that shuffle.`
Three fixtures of the downtown core learned last week they`ll have to find new homes in the next year.
Read the full article here.
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Halifax house prices post healthy year-over-year price increases
HALIFAX, Jan. 8, 2013 /CNW/ - The Royal LePage House Price Survey and Market Survey Forecast released today showed healthy year-over-year price appreciation across all three housing types surveyed in Halifax, while more modest price increases are expected to occur throughout the region in 2013.
The average price of standard condominiums in Halifax increased by 3.7 per cent to $208,500 over the fourth quarter of last year, while the average price for standard two-storey homes increased 3.5 per cent to $314,500. Detached bungalows witnessed the largest year-over-year average price gains, with an increase of 7.3 per cent to $292,833.
Read the full article here.
HALIFAX, Jan. 8, 2013 /CNW/ - The Royal LePage House Price Survey and Market Survey Forecast released today showed healthy year-over-year price appreciation across all three housing types surveyed in Halifax, while more modest price increases are expected to occur throughout the region in 2013.
The average price of standard condominiums in Halifax increased by 3.7 per cent to $208,500 over the fourth quarter of last year, while the average price for standard two-storey homes increased 3.5 per cent to $314,500. Detached bungalows witnessed the largest year-over-year average price gains, with an increase of 7.3 per cent to $292,833.
Read the full article here.
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New home sales boost at the end of 2012 if a good sign for the economy, experts say
The number of new-home sales across the nation increased in November from both the month and year before, and experts say this is a good sign for the economy. Commerce Department data shows sales of new single-family properties bumped up 4.4 percent monthly and 15.3 percent annually during November, as the pace of sales reached 377,000.
Prices also got stronger during the month. According to the report, the median sales price in November was $246,200. Meanwhile, the average price was $299,700. Both figures were markedly higher than levels recorded in October.
Read the full article here.
The number of new-home sales across the nation increased in November from both the month and year before, and experts say this is a good sign for the economy. Commerce Department data shows sales of new single-family properties bumped up 4.4 percent monthly and 15.3 percent annually during November, as the pace of sales reached 377,000.
Prices also got stronger during the month. According to the report, the median sales price in November was $246,200. Meanwhile, the average price was $299,700. Both figures were markedly higher than levels recorded in October.
Read the full article here.
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To Canadian funds, U.S. real estate looks ripe
The Canadians are coming.
Pension funds north of the border have poured about $9 billion into U.S. commercial real estate in the past three years, after largely steering clear of owning hotels, office buildings and apartments in the U.S. before then.
While there are only a handful of big funds that are active abroad, they are having a disproportionate impact on the U.S. market by funding ambitious plans that domestic investors have been afraid to touch.
Read the full article here.
The Canadians are coming.
Pension funds north of the border have poured about $9 billion into U.S. commercial real estate in the past three years, after largely steering clear of owning hotels, office buildings and apartments in the U.S. before then.
While there are only a handful of big funds that are active abroad, they are having a disproportionate impact on the U.S. market by funding ambitious plans that domestic investors have been afraid to touch.
Read the full article here.
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BMO bets big on U.S. recovery
Bank of Montreal (BMO-T 63.84 0.61 0.96%) chief Bill Downe says there will be "surprising levels of growth in the U.S. economy" thanks to a recovering housing market and an increase in commercial banking. And BMO sees this as an opportunity to rev up its U.S. expansion plans.
Downe tells BNN the manufacturing economy in the U.S. Midwest, where BMO's U.S. business is concentrated, is doing well and he calls the opportunity the improving U.S. market presents "extremely exciting."
Downe says the fiscal cliff deal gave the average business customer "a good degree of certainty around what the tax situation is going to be."
Read the full article here.
Bank of Montreal (BMO-T 63.84 0.61 0.96%) chief Bill Downe says there will be "surprising levels of growth in the U.S. economy" thanks to a recovering housing market and an increase in commercial banking. And BMO sees this as an opportunity to rev up its U.S. expansion plans.
Downe tells BNN the manufacturing economy in the U.S. Midwest, where BMO's U.S. business is concentrated, is doing well and he calls the opportunity the improving U.S. market presents "extremely exciting."
Downe says the fiscal cliff deal gave the average business customer "a good degree of certainty around what the tax situation is going to be."
Read the full article here.
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Housing starts climb to the highest rate since June 2008
Groundbreaking to build new homes accelerated in December to its fastest pace in over four years, supporting the view that housing is poised to provide a substantial boost to the U.S. economy.
The Commerce Department said on Thursday that starts at building sites for homes surged 12.1 percent last month to a 954,000-unit annual rate.
Data for U.S. housing starts can be volatile and is sometimes subject to large revisions. The government revised downward its estimate for November housing starts to a 851,000-unit rate from the originally reported 861,000.
Read the full article here.
Groundbreaking to build new homes accelerated in December to its fastest pace in over four years, supporting the view that housing is poised to provide a substantial boost to the U.S. economy.
The Commerce Department said on Thursday that starts at building sites for homes surged 12.1 percent last month to a 954,000-unit annual rate.
Data for U.S. housing starts can be volatile and is sometimes subject to large revisions. The government revised downward its estimate for November housing starts to a 851,000-unit rate from the originally reported 861,000.
Read the full article here.
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Existing home sales fall, but prices climb for 10th straight month
Existing home sales unexpectedly fell 1 percent in December to a 4.94 million annual rate, according to the National Association of Realtors.
November's reading was revised down to a 4.99 million annual rate.
Read the full article here.
Existing home sales unexpectedly fell 1 percent in December to a 4.94 million annual rate, according to the National Association of Realtors.
November's reading was revised down to a 4.99 million annual rate.
Read the full article here.
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Does the U.S. have enough water to frack its way to energy independence
In chemistry you quickly discover that oil and water don`t mix. The same is true in the energy industry.
It`s unfortunate, because the new fuel sources that the International Energy Agency claims will allow North America to reach energy independence require tremendous amounts of water. Whether it`s from shale plays or the oil sands, millions of gallons of water are needed to pull that energy out of the ground.
Alberta`s oil sands mines require more than 3 barrels of water to produce a barrel of bitumen. With daily output of 1.5 million barrels, the oil sands is one thirsty customer. Fortunately for Big Oil, northern Alberta is blessed with the mighty Athabasca River.
Read the full article here.
In chemistry you quickly discover that oil and water don`t mix. The same is true in the energy industry.
It`s unfortunate, because the new fuel sources that the International Energy Agency claims will allow North America to reach energy independence require tremendous amounts of water. Whether it`s from shale plays or the oil sands, millions of gallons of water are needed to pull that energy out of the ground.
Alberta`s oil sands mines require more than 3 barrels of water to produce a barrel of bitumen. With daily output of 1.5 million barrels, the oil sands is one thirsty customer. Fortunately for Big Oil, northern Alberta is blessed with the mighty Athabasca River.
Read the full article here.
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'Housing recovery' is more complicated than you think
When you stand back and look at the U.S. housing marketplace at the start of 2013, what do you see?
Read the full article here.
When you stand back and look at the U.S. housing marketplace at the start of 2013, what do you see?
- A moderate to strong rebound underway in home prices in many areas, fast turnaround times from listing to sale, and multiple-offer competitions increasing as local home inventories plunge?
Or maybe:
A surprising and sobering stagnation in prices in large swaths of the country, with some areas experiencing lengthy times from listing to sale, despite inventory declines. The softening in these local markets could be significant enough to slow down the overall pace of national price gains this year.
Read the full article here.
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U.S. senators urge approval of Keystone XL pipeline
A bipartisan group of more than half the 100-member U.S. Senate has urged President Barack Obama to approve the northern leg of the Keystone XL pipeline project, which would connect Canadian oil sands to refineries in Texas.`This is about something that Americans want. It`s about energy for this country,` Senator John Hoeven, a North Dakota Republican, told reporters on Wednesday.
Read the full article here.
A bipartisan group of more than half the 100-member U.S. Senate has urged President Barack Obama to approve the northern leg of the Keystone XL pipeline project, which would connect Canadian oil sands to refineries in Texas.`This is about something that Americans want. It`s about energy for this country,` Senator John Hoeven, a North Dakota Republican, told reporters on Wednesday.
Read the full article here.
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Exports to recover in U.S. global growth firms
Exports from the U.S. are set to pick up in 2013 after slumping last quarter as global growth strengthens from Asia to Latin America, giving American manufacturers a boost.
Industries in which U.S. companies have a competitive advantage, including agriculture, medical supplies and aviation, will probably benefit the most from improving global demand, said Gary Hufbauer, a senior fellow at the Washington-based Peterson Institute for International Economics. That would brighten the outlook for corporations from General Electric Co. (GE) to Boeing Co. (BA) and Johnson & Johnson. (JNJ)
Read the full article here.
Exports from the U.S. are set to pick up in 2013 after slumping last quarter as global growth strengthens from Asia to Latin America, giving American manufacturers a boost.
Industries in which U.S. companies have a competitive advantage, including agriculture, medical supplies and aviation, will probably benefit the most from improving global demand, said Gary Hufbauer, a senior fellow at the Washington-based Peterson Institute for International Economics. That would brighten the outlook for corporations from General Electric Co. (GE) to Boeing Co. (BA) and Johnson & Johnson. (JNJ)
Read the full article here.
- Joined
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Exports to recover in U.S. global growth firms
Exports from the U.S. are set to pick up in 2013 after slumping last quarter as global growth strengthens from Asia to Latin America, giving American manufacturers a boost.
Industries in which U.S. companies have a competitive advantage, including agriculture, medical supplies and aviation, will probably benefit the most from improving global demand, said Gary Hufbauer, a senior fellow at the Washington-based Peterson Institute for International Economics. That would brighten the outlook for corporations from General Electric Co. (GE) to Boeing Co. (BA) and Johnson & Johnson. (JNJ)
Read the full article here.
Exports from the U.S. are set to pick up in 2013 after slumping last quarter as global growth strengthens from Asia to Latin America, giving American manufacturers a boost.
Industries in which U.S. companies have a competitive advantage, including agriculture, medical supplies and aviation, will probably benefit the most from improving global demand, said Gary Hufbauer, a senior fellow at the Washington-based Peterson Institute for International Economics. That would brighten the outlook for corporations from General Electric Co. (GE) to Boeing Co. (BA) and Johnson & Johnson. (JNJ)
Read the full article here.