Despite Low Inventory August Housing Starts Point Toward Optimism

first_imgDespite Low Inventory, August Housing Starts Point Toward Optimism in Daily Dose, Data, Featured, Headlines, News, Origination In what might seem contrary to reduced figures on existing-homes for sale in August, produced by the National Association for Realtors, the most recent report from the U.S. Census Bureau on housing starts in August points toward optimism in the housing market.Year-over-year, permits have increased 8.3 percent, and starts have increased 1.4 percent. According to the press release, this increase in permits bodes well for predicting housing starts in the future. Since July, single-family housing starts have increased 1.6 percent to approximately 851,000, which should help with inventory restraints.According to the Census Bureau, residential construction jobs are also increasing at a rate of 3.8 percent year-over-year, which should supplement future housing starts and the ensuing construction. Mark Fleming, Chief Economist at First American, points out how the construction market differs from other labor divisions.“Home building is a unique labor market in that it does not lend itself to outsourcing and automation, and therefore, growth in residential construction jobs supports further improvement in the pace of home building.”Fleming is confident that August’s labor employment numbers will finally point to an increase in home building, although, he notes, the industry still has quite a way to go in order to reach the year’s peak experienced in February.“Despite this month’s improvement, total housing starts are now 70,000 units below the recent peak of almost 1.3 million units in February of this year, which was a 9.5-year high. The lack of home building is a major reason why the market has been strained by a lack of inventory. Homebuilders continue to complain they cannot find skilled labor, especially framers, and that buildable lots remain in short supply. In fact, earlier this month I discussed the potential implications of Hurricane Harvey and Irma. Damage to the housing stock will, locally, increase that housing supply shortage and further increase demand for construction workers.” Sharecenter_img First American Housing Starts 2017-09-20 Joey Pizzolato September 20, 2017 683 Views last_img read more

Dbacks president Derrick Hall Franchise still f

first_img D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ “That’s sometimes a defining moment because other players may think just of themselves at that time. I thought that spoke volumes about his character,” Kelly said.The Cardinals haven’t just acquired an incredibly talent receiver with tremendous upside but also a player who’s shown great maturity and growth in the midst of trying times. Floyd was stripped of team captain duties after a drunk driving incident in April 2011. After serving a suspension from the team in the offseason, he returned a changed man.“He made some great choices so now you’ve got a young man that’s been through some adversity, has handled it and has been humbled because of it and the best is in front of him now,” Kelly stated. What an MLB source said about the D-backs’ trade haul for Greinke Cardinals expect improving Murphy to contribute right away 0 Comments   Share   Top Stories center_img It was no secret Cardinals heralded wide receiver Larry Fitzgerald wanted his team to draft Notre Dame wideout Michael Floyd.Fitzgerald’s wish was granted when the Cardinals used their 13th pick in the first round to select Floyd, a player who possesses eerily comparable qualities and strengths to their Pro Bowl receiver. For Floyd’s former head coach at Notre Dame, the selection made perfect sense.“I think there’s clearly been a connection between [Fitzgerald] and [Floyd],” Notre Dame head coach Brian Kelly said. “I think Larry’s been kind of a mentor to Michael and obviously when guys have those similar character traits, they connect and it’s not a coincidence.” Kelly believes Fitzgerald saw parts of himself in Floyd, a combination the Cardinals deemed too potent to pass up.“Larry must have saw some similarities in terms of Mike’s work ethic and love for the game that Larry has so certainly it’s not a mistake that those two guys have connected,” Kelly explained.Now that Floyd will be paired with Fitzgerald in Arizona, the dynamic second receiver the Cardinals have been yearning for is now firmly entrenched on their roster.Kelly marvels at Floyd’s tenacity and passion for the game, but what excites him the most is the potential his former young wideout can realize under the guidance of the veteran Fitzgerald.“He attacks the football,” Kelly said. “If the ball’s in the air, he’s going to get his hands on it and he’s just got a great ability to track it and aggressively go get the football. I think for [Floyd], the things that he’ll continue to work on are precision, the things that Larry Fitzgerald already has.”Floyd could benefit from more seasoning and Kelly believes that’s the nature of an inexperienced receiver making the transition to the next level. Nevada officials reach out to D-backs on potential relocation “I think you could consider [Floyd] still a raw receiver in a sense and he could get better in all the technical aspects and route running and things of that nature,” Kelly stated.Still, there is no questioning Floyd’s talent and selflessness as a player. It was clear to Kelly that Floyd always put the team before his own personal records and achievements.“Whether he’s getting the football or not, he’s a guy that’s never complained,” Kelly said. “He always wants the ball in big situations. But he’s never been a diva in terms of not getting his catches. If we’re successful and we’re making plays, he’s on the other end making blocks.”Kelly couldn’t have asked for a more dedicated and team oriented player than Floyd.“For me, it was such a pleasure to coach a kid that it didn’t matter what the situation was, if he wasn’t getting the ball, he was going 100 percent,” Kelly stated.Floyd showed his allegiance to Notre Dame after his team’s loss to USC, which eliminated them from BCS contention. Floyd remained focused on playing hard to get his team the best possible bowl game, which didn’t go unnoticed by Kelly.last_img read more