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Housing Market Trends Fuel Single-Family Home Rental Growth | Business News
By ALEX VEIGA, AP Business Writer LOS ANGELES (AP) — Homebuilders and other real estate companies are increasingly betting that would-be homebuyers frustrated with a shortage of homes for sale and runaway prices will settle for renting their slice of the American Dream. While individual homeowners and mom-and-pop investors still account for the vast majority of single-family rental homes, homebuilders have stepped up construction this year of new houses being built for rent. In the third quarter, builders broke ground on 16,000 single-family homes slated to become rentals. That’s the highest quarterly total of housing starts for built-to-rent homes going back to at least 1990, according to an analysis of…
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October Existing Home Sales Hit Fastest Pace Since January | Business News
By ALEX VEIGA, AP Business Writer Sales of previously occupied U.S. homes ticked higher in October, marking their strongest annual pace since January even as competition for relatively few properties on the market pushed prices higher. Existing homes sales rose 0.8{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} last month from September to a seasonally-adjusted annual rate of 6.34 million units, the National Association of Realtors said Monday. That was stronger than the 6.18 million units that economists had been expecting, according to FactSet. Sales fell 5.8{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} from October last year, when they peaked following a summer and fall surge as buyers who had held off during the early days of the pandemic jumped back into the…
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A nursing home where 83 residents died of Covid is still in business under a new name
In December 2019, Sharon Farrell flew from Florida to visit her brother Stephen at a New Jersey nursing home, where, she said, she found “disgusting” conditions. “I told the nurse, ‘I am calling the state,'” she said. “I’m paying $9,000 a month, and I wouldn’t let my dog live like this.” Farrell said that four months later, as Covid-19 was spreading rapidly, she repeatedly called the facility to ask how her brother was doing. When she finally reached someone, she said, she was told he was fine. Within a few days, however, he was dead. It has been 19 months since the discovery of 17 bodies in a tiny morgue…
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New Hurdle for COVID-19 Home Testing — the Holiday Season | Business News
By MATTHEW PERRONE, AP Health Writer WASHINGTON (AP) — Millions more home tests for COVID-19 are hitting store shelves, but will there be enough for Americans hoping to screen themselves before holiday gatherings? Gone are last year’s long lines to get tested, thanks to nearly a year of vaccinations, increased testing supplies and quicker options. But with many Americans unvaccinated and reports of infections among those who’ve gotten the shots, some are looking to home tests for an extra layer of protection ahead of this year’s festivities. Janis Alpine of Seattle is getting together with seven relatives for Thanksgiving, including her 97-year-old father. While everyone is vaccinated, she plans to…
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Local business employees, non-profit partner up to renovate home in need of repairs | News
Close Pendleton St. Renovation 1 (Rebuild Upstate / November 19, 2021) Pendleton St. Renovation 2 (Rebuild Upstate / November 19, 2021) Pendleton St. Renovation 3 (Rebuild Upstate / November 19, 2021) Pendleton St. Renovation 4 (Rebuild Upstate / November 19, 2021) Pendleton St. Renovation 5 (Rebuild Upstate / November 19, 2021) Pendleton St. Renovation 6 (Rebuild Upstate / November 19, 2021) Pendleton St. Renovation 7 (Rebuild Upstate / November 19, 2021) Pendleton St. Renovation 8 (Rebuild Upstate / November 19, 2021) Pendleton St. Renovation 9 (Rebuild Upstate / November 19, 2021) Pendleton St. Renovation 10 (Rebuild Upstate / November 19, 2021) …
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The big boxes in home have a big quarter
To anyone concerned about the increase in the house furnishings and remodeling marketplace abruptly abating as People in america undertaking out of their houses once more, we have one particular word: Chill out. In economical results posted this 7 days by some of the major merchants in America—giant general retailers like Walmart and Goal, as effectively as the two large property improvement chains, Household Depot and Lowe’s—the information for the summer season and early slide months could not have been a great deal improved. Across the board, these stores posted robust gains on the two their top rated and base strains, together with a quantity of other essential retail matrices.…
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