Strong demand for new homes signals U.S. economic strength, economists say

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Video: Slowing labor market recovery weighs on stocks (Reuters)

Slowing labor market recovery weighs on stocks



Sales of newly built single-family homes came in at an annual rate of 999,000 in October, the government said Wednesday, just a tick below the September rate, but a whopping 41.5% increase from the same month last year, highlighting housing’s role as a bulwark for the U.S. economy. “Today’s report from the Census Bureau suggested that demand for new homes in October continued to be strong,” Doug Duncan, chief economist at Fannie Mae, said in an email. “The monthly sales pace is now reported to have been essentially flat for the three months at an elevated level of about 1 million annualized units, a rate not seen since 2006.” Michelle Mayer, U.S. economist at Bank of America said in a research note that housing broadly

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New McKinney community will offer home-style rentals

Dallas developer Provident Realty is headed to McKinney with a new rental housing community.

Provident Realty’s parcHAUS project is a complex of single-family style rental units built with amenities including a swimming pool and community center.

The 134-unit McKinney project follows a growing trend of developers building single-family rental projects for residents who don’t want a high-density apartment.

“It’s our new ‘cottage’ prototype – our version of single-family rental,” Provident CEO Leon Backes said. “Every unit has a yard.

“No one is living above them,” he said. “There’s lots of green space – very kid and pet friendly.”

The new rental community will be located at 1999 Skyline Dr in McKinney and has a building permit value of $14.6 million.

Backes said he just purchased a second development site in Celina for another 185 units.

Provident Realty is one of the Dallas area’s most experienced developers, with a track record

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Small Breed Puppies For Sale in OHIO – Press Release

Premier Pups sells well-bred puppies from reputable breeders

Nov 25, 2020 – Johnstown, Ohio – Premier Pups matches owners to a puppy that is right for them. Premier Pups has small breed puppies for sale in Ohio. The puppies are carefully chosen from reputable breeders across Ohio. All breeders are USDA certified and raise the puppies in a healthy environment, where their physical and emotional needs are met. The health, well-being, and temperament of the puppies is extremely important, and the team at Premier Pups works hard to meet these needs. Premier Pups has a variety of small breed puppies for sale including Yorkie, Morkie, Maltese, Pomeranian, and more.

Premier Pups has small breed puppies for sale in the following areas:

  • Ohio (Columbus, Youngstown, Canton, Cleveland, Dayton, Cincinnati, Toledo, Akron)

  • West Virginia (Wheeling, Charleston, Morgantown)

  • Indiana (Indianapolis, Evansville, Bloomington)

  • Kentucky

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Lennar Corp. pays $29 million for Homestead,FL parcel


Lennar Corp. has paid $29 million for this 40-acre lot just east of the intersection of the Florida Turnpike and Biscayne Drive in Homestead, FL.

Lennar Homes, the homebuilding arm of the Miami-based real estate development giant Lennar Corp., has paid $29 million for a 40-acre, two-parcel lot in Homestead at 28600 SW 132nd Ave., located three blocks east of the Florida Turnpike at the Biscayne Drive intersection, near the Homestead Air Reserve Base.

According to The Real Deal, which first reported the transaction, the seller was the investment firm Treo Group, which bought the land for $13 million in 2018, when it was occupied by residents of the seniors-only Pine Isle Mobile Home Community.

In March 2019, the firm informed the 40 households of the mobile home community, who paid $400 a month for their lot, that the land was being sold and they would need to move by

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Square Enix Expects 80% Of Employees To Work From Home Permanently

Square Enix, the Japanese video game giant behind the Final Fantasy and Tomb Raider games, has announced that it’s making working from home permanent for the vast majority of its employees.

The new policy, which will establish remote working as a “permanent and core program”, comes into force on December 1. Square Enix says it will designate each employee as either “home based” (working an average of at least three days per week from home) or “office based” (working an average of at least three

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U.S. New-Home Sales Remain Elevated in October at 999,000 Pace

(Bloomberg) — New-home sales in the U.S. held up in October, remaining near the best pace since 2006 and well above pre-pandemic levels, the latest sign that record-low mortgage rates are underpinning robust buyer interest.

Purchases of new single-family houses dropped 0.3% from September to a 999,000 annualized pace from an upwardly revised 1.002 million rate, government data showed Wednesday. The median forecast in a Bloomberg survey of economists called for a 975,000 rate. The median selling price rose 2.5% from a year earlier to $330,600.

Follow reaction in real time here on Bloomberg’s TOPLive blog

Recent momentum in housing has been driven by attractive mortgage rates and buyers looking for more space as they work from home. Purchases, however, may face greater headwinds after infections began to soar around the U.S. in recent weeks and new restrictions threatened to curb hiring.

chart: New U.S. home sales fell 0.3% in October from prior month despite record-low rates

© Bloomberg
New U.S. home sales fell 0.3%

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3 Food Stocks to Buy Before Sitting Down at the Thanksgiving Table

Fiscal year 2020 has been one of the most challenging years in decades. The festive season is unlikely to be the same as other years as the novel coronavirus pandemic rages.

However, spending quality time with the immediate family, in-house entertainment and some healthy food can be a comprehensive package for Thanksgiving.

Talking about healthy food, the pandemic has increased the popularity of organic food. This change is likely to stick.

Therefore, I wanted to talk about three food stocks to buy that are in the business of providing healthy eating options to consumers. I believe that these stocks can also energize the portfolio.

Let’s discuss the following food stocks to buy before you sit down at the Thanksgiving table:

  • Chipotle Mexican Grill (NYSE:CMG)
  • Lifeway Foods (NASDAQ:LWAY)
  • SunOpta (NASDAQ:STKL)

3 Food Stocks to Buy for the Thanksgiving Table: Chipotle Mexican Grill (CMG)

a pedestrian walks past a Chipotle (CMG)

Source: Northfoto

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Cook County Introduces Program to Prevent Evictions

Toni Preckwinkle (Getty)

Toni Preckwinkle (Getty)

Cook County is rolling out a program that will initially provide $1 million to limit the expected avalanche of evictions and foreclosures residents face.

County Board President Toni Preckwinkle this week unveiled “Cook County Legal Aid for Housing and Debt,” according to Crain’s.

During a press conference, Preckwinkle said the wave of evictions and foreclosures will hit especially hard “the most vulnerable among us, Black and brown residents.” She added, “This is unacceptable.”

Preckwinkle also called on Congress for additional aid that will help fund the initiative. The program’s initial money will come from the county’s share of the federal CARES Act.

The first major component to the program is designed to help tenants and landlords find a payment plan without going to court. If the sides can’t agree, the aim will be to create “a dignified exit by the tenant,” such as providing time for the

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COVID-19 crisis spills over into Wisconsin’s nursing, veterans homes | Local Government

Teddy Allen

Dec. 21 | Kohl Center

Feb. 11 | Pinnacle Bank Arena in Lincoln, Neb.


The Cornhuskers went 7-25 in Fred Hoiberg’s first season in 2019-20, including 2-18 in the Big Ten. After beating Iowa 76-70 on Jan. 7, Nebraska lost its final 17 games of the season. For better or for worse, Hoiberg must replace five of the top six scorers from his first team in Lincoln.


Teddy Allen (above), a 6-6 junior guard, was the leading scorer among NJCAA players last season while playing at Western Nebraska Community College. Allen averaged 31.4 points per game while shooting 37 percent from 3-point range and over 88 percent from the free throw line. Allen began his career at West Virginia, where he averaged 7.0 points off the bench in 2017-18.


Sophomore forward Dalano Banton sat out last season

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How to buy a house when you have student loan debt

The majority of millennials don’t own a home – and many say their student loans are a major reason for that. According to a 2019 survey from Bankrate, 61 percent of millennials don’t yet own a home, and nearly a quarter of them say student loan debt is what’s holding them back.

a person sitting in a room: how-to-buy-a-house-when-you-have-student-loan-debt

© Cavan Images/Getty Images

Data from the Institute for College Access and Success shows that 62 percent of college graduates financed their higher education with loans, and as of last year, the average balance was $28,950.


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These debts hold back potential homebuyers in two major ways. First, they raise a prospective homebuyer’s debt-to-income ratio, which makes it more difficult for them to secure a mortgage. Second, they can make it harder to save for a down payment.

Despite those obstacles though, student loan debt doesn’t automatically preclude you from buying a house. While it does

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