Home / Daily Dose / Housing Activity Enters 2021 ‘On Strong Footing’ Previous: Fixed-Rates Inch Closer to 3% Mark Next: NY Court of Appeals Rules on Foreclosure Deceleration, SOL Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago According to BuildFax’s January 2021 “Housing Health Report,” single-family housing authorizations decreased just 0.36% from December 2020’s totals, remaining relatively flat, partly attributed to rising building material costs and a lack of affordable lots. Despite the slight dip in month-over-month activity, new housing supply remains strong, with year-over-year activity up 9.89% and the trailing three-month outlook, covering the months of November 2020 to January 2021, up 11% despite a continued tight national housing supply.“Housing activity enters 2021 on a strong footing,” said Jonathan Kanarek, Managing Director of BuildFax. “January marks the sixth month of year-over-year increases in new and existing housing supply, which should be welcome news for the broader economy.”The report found that housing maintenance volume and spending increased 8.37% and 17.87% respectively, year-over-year. Additionally, remodeling volume and expenses—a subset of maintenance including home renovations, additions and alterations—increased 10.04% and 12.37% year-over-year, respectively.Homeowners were hesitant to enter the market in January, leading to new home inventory lows. Consequently, existing housing activity remains strong as homeowners choose to invest in their properties rather than re-enter the market.“However, despite increasing new construction, homeowners are facing a severe housing shortage,” said Kanarek. “Homebuyers are likely to face a competitive spring homebuying season, as sellers remain hesitant to re-enter the market, home prices soar and interest rates slowly tick upwards.” BuildFax’s “Housing Health Report” was compiled by examining properties in the U.S. between the years 2013 and 2021. All data is seasonally-adjusted and imputed to reflect numbers representative of the entire country. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago February 18, 2021 994 Views About Author: Eric C. Peck BuildFax 2021-02-18 Christina Hughes Babb Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: BuildFax Sign up for DS News Daily Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Housing Activity Enters 2021 ‘On Strong Footing’ Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. in Daily Dose, Featured, Market Studies, News Subscribe
View Comments Cinderella Film and TV star. Recording Artist. Talk show host. Now, Broadway princess! Keke Palmer, donning the iconic ball gown, took her first bow in Cinderella on September 9, becoming the first African American to play the titular princess on Broadway. And how does it feel? “This is crazy. THIS IS CRAZY, GIRL!” she said in a recent interview on NBC Nightly News. Well, at least she’s excited. Palmer explained that an African American actress in the role lets audiences know “that just because you have never seen it doesn’t mean that you can’t be it.” A message certainly reminiscent of the familiar fairy tale. Congratulations to Palmer on her Great White Way debut, and here’s to many more lovely nights at the Broadway Theatre! Check out the clip below, which includes a taste of the new star singing the classic Rodgers and Hammerstein score. Show Closed This production ended its run on Jan. 4, 2015 Related Shows
Sabatos is famous for its larger-than-life bull on the rooftop, which has had its fair share of run-ins over the years. Twenty-five years ago, the bull was taken off the roof and was found straddling the Middletown North sign as a prank. The Sabatos’ bull is now bolted down and surrounded by barbed wire.These days Doris sits on the front porch of the house her late husband built, and revels in the excitement of drivers passing by, who wave and honk at the sight of Buffy’s return.On a recent day Keansburg resident John Gilsey happened to be passing by, and couldn’t help but to pull in to the driveway.“This is the first time I’ve seen him up (since it fell),” said Gilsey, who passes Buffy each day on his trip to the Middletown library.Doris is surprised, yet grateful, for the outpouring of support by the community surrounding this hardship with a happy ending.“I want to thank each and every person who came here to show their concern, of course,” she said. By Jay CookMIDDLETOWN – Albert “Herk” Adams was driving down Cherry Tree Farm Road in mid-July when, just before reaching the Belford Junction, his eye noted something amiss.In the middle of a curved gravel driveway in front of a ranch home, the iconic life-sized red-and-brown buffalo known in town as “Buffy the Buffalo,” which had proudly stood guard on a front lawn for a decade, was laying on its side, forlorn, its horn and back leg snapped off.Adams, who works with front-ends on heavy-duty work trucks everyday at his Belford company, Certified Truck Repair and Bedliners, recognized Buffy was made of fiberglass. He knows how to fix fiberglass. He felt it was his duty to act.Within days, he was at the doorstep at 49 Cherry Tree Farm Road, introducing himself to the heartbroken homeowner. “I want to fix your buffalo, because it’s the right thing to do,” he told Buffy’s owner, an 88-year old woman named Doris, a modest lady who’d rather not see her last name in the paper.Doris consented, and Buffy’s parts were rounded up and driven to Adams’ Center Avenue shop for repair, where they were affixed with a strong glue. Buffy was also given a makeover, painted back to his original color scheme of rust and brown; much less flamboyant than the fire-engine red mane he had for the past four years. He was herded to his place of honor on Aug. 21.Buffy’s “doctor,” Albert Adams, stands inside a painting bay at his shop located on Center Avenue in Belford, where Buffy was corralled for his three-day repair. Photo by Jay CookAs documented on the “Buffalo of Middletown” Facebook page, Buffy’s trip home included a stopover with another Middletown landmark, Calico the Clown, the sinister-looking character watching over Route 35 traffic from the Spirits Unlimited parking lot on Route 35.Doris was pleased. “The gentleman who reconstructed Buffy did excellent work and I’m very grateful for that.”The police were never able to corral the culprit, or culprits, who cut Buffy down on the night before the Fourth of July holiday, when Doris awoke to find him in pieces.“I always look out at him first thing, stand at the sink and turn off the outside lights here,” she said as she pointed to the window at the front of her house. “I came out, and he was laying there, his leg was laying there. And it was horrible.” Adams was pleased to right a wrong. “When you’re no longer 12 years old, and on the other side of the spectrum, it’s all about the little simple things,” he said.For Doris, the buffalo is also wrapped in sentimental memory. Back in 2006, her husband wanted to give his wife a gift, to replace the void left by a blue spruce that was uprooted in a windstorm. “The buffalo was a present from him for our anniversary that year, and he died three days before our anniversary, so he never got to see the buffalo,” said Doris, looking onto a photo of her husband, nailed to the front door.The Sabatos Bull, which is surrounded by barbed wire above the meat market in the Belford Junction, has seen its fair share of Middletown mischief. Photo by Jay CookFor Andy Sabatos, the owner of the Sabatos Prime Meats in nearby Campbell’s Junction, the damage to his neighbor’s lawn ornament was reprehensible. “This wasn’t a prank, it was malicious,” he said.
Kolkata Knight Riders on Saturday moved another step closer to a place in the Indian Premier League season nine play-offs with an eight-wicket win (Duckworth-Lewis method) over Rising Pune Supergiants. (Full Coverage | Points Table)YUSUF PATHAN’S ONSLAUGHT Chasing a revised target of 66 in 9 overs, the two-time champions, led by Gautam Gambhir, cruised home with 24 balls to spare in a rain-affected match to move to second spot in the IPL table.In-form Yusuf Pathan (37 off 18) helped KKR make light work of the target. Earlier, Pune had struggled to reach 103 for six when rain stopped play for a little more than two hours at the Eden Gardens. (Also read: This is how KKR thumped RPS and climbed to the second spot on the table) GAMBHIR’S PLOY KKR’s rookie pacer Ankit Rajpoot said it was a deliberate ploy from their captain Gambhir to place five close-in fielders for rival skipper Mahendra Singh Dhoni.Dhoni was left stifled, managing only 8 off 22 balls when rain stopped play.”Ball was turning and spinners were getting a lot of help. So we thought of setting an attacking field against Mahibhai (Dhoni),” said Rajpoot.With Piyush Chawla (2/21) in the middle of a fine spell, Dhoni walked out when Pune were 74/4 in 10.3 overs as Gambhir renewed his spin strategy against the struggling Indian limited overs captain.Gambhir brought himself at silly point, added two slips, a short leg and a short cover as Dhoni failed to get the scoreboard ticking.”We wanted to create pressure and get him out early to brighten our prospects. Left-handers have it easy, while Dhoni being a right-hander we wanted to go for an attacking field,” he said.advertisementThe wicket was offering turn and keeping low but Rajpoot said it was still good for the batsmen who applied themselves.”Wicket was very good for batting and bowling. I don’t think it was bad for batting. The batsmen who applied themselves did well on this track,” he said.(With PTI inputs)
Twitter/@BleacherReportMidway through the fourth quarter of Saturday’s Big 12 showdown between Baylor and Oklahoma, Bears safety Terrell Burt went down with what Kirk Herbstreit, on air, called a “bush league” flop. As it turns out, Burt’s injury was legit, and Herbstreit later apologized for his comments on Twitter. Today, Burt took to the platform, and made sure to let everyone know that he’d do something like that.I will never ever fake an injury. I will always fight for my brothers and give them my all regardless. #BaylorNation #lionhearted— Terrell Burt (@terrell_burt_13) November 16, 2015Burt had reportedly been injured on a prior play, but did not want to come out of the game, so teammate Ryan Reid had to tell him to go down to receive treatment.
PRINCE GEORGE, B.C. – Fourteen people arrested while protesting a pipeline in northwestern British Columbia will have to wait about two months to learn if contempt charges against them will be pursued as a criminal or civil matter.The 14 were in court in Prince George Monday after being arrested Jan. 7 when heavily armed RCMP officers dismantled a blockade south of Houston, B.C.Justice Marguerite Church agreed with a request to put the matter over to April 15 to give more time to go over disclosure and allow the B.C. Criminal Justice Branch to consider how to proceed. Whether to move to the matter to Smithers, closer to where the defendants live, will also be considered at the April hearing.Arrests began after Coastal GasLink won an interim injunction prohibiting protesters from impeding pre-construction work on the $6.2-billion pipeline which would carry natural gas from northeastern B.C. to Kitimat.The gas would then be liquefied for shipment overseas as part of the recently approved $40-billion LNG Canada project.Meanwhile, those opposing a permanent injunction against any further blockades of the pipeline now have until Feb. 20 to make their case after the deadline was extended from Jan. 31.Coastal GasLink has been given until May 31 to file its response. (Prince George Citizen)
Sittwe (Myanmar): A Myanmar court on Tuesday sentenced a prominent ethnic Rakhine leader to 20 years in jail for treason, a verdict likely to intensify anger amid fighting between the ethnic group and the army. Security forces tried to calm hundreds of supporters outside the court in Rakhine state capital Sittwe as Aye Maung was escorted to a waiting police van following the verdict. Aye Maung, the former chairman of the Arakan National Party — which is renowned for hardline views against the Rohingya Muslim minority — was sentenced for treason and defamation over an allegedly inflammatory speech in January 2018, a day before deadly riots. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from USState-backed media at the time said he railed against the central government for treating the ethnic Rakhine as “slaves” and said it was the “right time” for the community to launch an armed struggle. The following evening, Rakhine protesters briefly seized a government building and police opened fire, killing seven people. Aye Maung and a fellow detainee — writer Wai Hin Aung, who also gave a speech at the same rally — were detained days later. Also Read – Record number of 35 candidates in fray for SL Presidential polls”Both Dr Aye Maung and writer Wai Hin Aung were sentenced to 20 years each… for the charge of high treason and two years each for defamation of the state,” Wai Hin Aung’s defence lawyer Aye Nu Sein said. Myanmar’s Rakhine state is cut by violence and hatred. A brutal military crackdown in 2017 forced some 740,000 Rohingya Muslims over the border into Bangladesh. Yet the ethnic Rakhine Buddhist population, some of whom are accused of aiding soldiers in the anti-Rohingya campaign, also feels marginalised by the state. The lawyer said they were discussing whether to appeal. Treason can carry the death sentence. Supporters of the pair were enraged by the perceived persecution of two prominent Rakhine figures. “This is not fair. This is oppression and bullying of ethnic Rakhine people,” one woman shouted in front of court, as the protesters spread to the centre of the town. In recent weeks, the military has waged war on the Arakan Army (AA), an armed group claiming to represent the ethnic Rakhine. The group launched a brazen attack on police posts in early January that killed 13 officers and killed nine more policemen earlier this month. The violence has spread to the ancient temple city of Mrauk U, the former capital of the Rakhine kingdom and a popular tourist site — the same town where Aye Maung gave his controversial speech last year. Support for the AA has grown with the fighting, even though several thousand Rakhine have been forced from their homes by the violence. A further 600,000 Rohingya remain in Rakhine without citizenship, restricted to either camps or their villages, many unable to access medical care. Much of northern Rakhine is in lockdown and information is difficult to verify independently.
The world is also eagerly waiting for the outcome of 2019 Lok Sabha elections in India. International media is abuzz with the assessment of the political situation that will emerge after elections in India and its impact worldwide. Global eyes are focused on the question whether Narendra Modi will return as the prime minister or not? None of the world press or psephology experts or think tanks seem assured for Modi getting a clear majority for his Bhartiya Janata Party to form the government this time. Major American news publications such as The New York Times, Washington Post, The Wall Street Journal, USA Today, Los Angeles Times, International Herald Tribune, Newsweek and Time magazine have expressed serious apprehensions about Modi’s return in the editorial comments, articles and news reports published during the past one-and-a-half month. TV Channels CNN, CBS, Fox and ABC have aired programmes discussing the possibility of a change in government in India after these elections and its impact on Indo-American relations. Time magazine has recently published a controversial article and named Modi as India’s ‘Divider-in-chief’. It said that ‘world’s largest democracy is more divided than ever’ and questioned whether India can endure five more years of Modi government? The New York Times has published numerous opinion pieces discussing ‘can India’s prime minister maintain the power he has grasped?’ The Economist sees the current contest as a ‘struggle for India’s soul’. A perceptive observer pointed out that under Modi, India’s ruling party poses a threat to democracy. The adjectives and verbs used for the leader: despicable, dangerous, brutal, disaster, alienating, bullying, controlling, hounding, impetuous, wayward, excessive, and flamethrower. In an article published by The Washington Post, there are strong mentions of the failure of Modi’s promise to transform India. ‘In the world’s biggest election, India’s Narendra Modi pushes fear over hope’, says the article and continues hammering Modi by telling the readers that ‘five years later, those lofty expectations have not been met. The economy is not creating enough jobs, while farmers are struggling with debt and rising costs.’ Financial Times, Britain’s leading business daily, in its coverage of India, is extensive. It has published an article with the title ‘Narendra Modi cannot take the backing of Indian business for granted’. The article underlines that ‘one of the most vital challenges facing Modi government is the dire state of the country’s state-owned banks, which account for two-thirds of national banking assets and have been hamstrung for several years by a mass of non-performing corporate loans.’ An article published by Le Monde in France says, ‘Fundamentally, the real issue at stake in this election is the Constitution in India of a left-wing coalition, both egalitarian and multi-cultural, the only coalition capable of beating the pro-business and anti-Muslim nationalism of BJP.’ While discussing Indian election scenario in detail the article strongly mentions, ‘Modi is massively funded by big Indian businesses.’ Newspaper La’ Figaro also did not trail behind in giving space to raising serious doubts against Modi rebounding in 2019 elections. Channels such as TV 5 Monde have also aired programmes expressing doubts over Modi’s return after elections. Similar doubts have been raised prominently in various news reports in British newspapers Sun, Daily Mail, Daily Mirror, The Times, and The Telegraph. The discussions on major TV channels like BBC, ITV Network, and Channel Four also depict an uncertain picture of the outcome of India elections. A lookup of Australia’s channels – ABC, SBS, Seven West Media and newspapers such as Sydney Morning Herald, The Australian and Herald Sun also suggest that international media has been unsure of Modi’s come back as prime minister throughout the electioneering in India. Canada’s Toronto Sun and The Globe and Mail newspapers were full of news stories that depicted a totally confused polling trend. Community television and radio channels of Canada have also been strongly supporting a similar scenario. Ebullience in the Middle East and the Arab world over Indian elections had been phenomenal. Channels like Geo TV, Orbit Channel, Dubai TV, Bahrain TV, Al Jazeera, and Al Arabia and publications such as Gulf Tribune, Gulf News and Khaleej Times played exuberantly in discussing poll prospects for Modi and his BJP. Indian prime minister’s ‘radar remark’ had a very strong negative impact on the image of India’s leadership quality validating question about the future of our country in case BJP returns to power. Khaleej Times wrote, ‘It’s a pity that the Indian Air Force had to learn from Modi that it takes only a few cumulus clouds to dodge air radars.’ Participants in panel discussions on Star News of Japan and Channel 5 of Singapore observed that BJP will not be in a position to cross 200-mark in Indian Parliament after the elections. When RSS ideologue and BJP’s national general secretary Ram Madhav expressed his apprehensions on getting a clear majority by his party in an interview, his sentiments got vide coverage in international media. The scholars associated with various think tanks in different country quoted Madhav in support of their argument that it is not easy for Modi this time to reappear in a similar position that he enjoyed in 2014. In African countries too, the trepidation about Modi’s unscathed position was no less. TV and print media in the whole of Africa was blowing with debate on BJP’s chances of return. Channels – RTB, TV Africa, Multi TV, RTG, EM TV, Tele Sahel, and Sky NEWS transmitted a number of shows focusing on India’s elections and in most of them, the assumption of the uncertainty of the outcome was strongly sunny. Newspapers Asianet Africa, Sunday Times and Die Son especially lend coverage to elections in India with headlines that suggest that it’s not a cakewalk for Modi this time. Media in China, though did not communicate that it is absolutely sure of the arrival of the current government in India again, always indicated its inclination for ‘a more stable coalition in India’. China Central Television, Beijing Television and CCTV-13 built up an argument that even if BJP does not get a clear majority, it will enjoy the position of the single largest party after the elections and would be in a situation to form more well-built political alliance than the current opposition allies. People’s Daily, Global Times, China Daily and Shanghai Morning Post have been ferrying the similar ruckus. Hong Kong’s TVB channel showed discussions on similar lines and HK newspapers such as South China Morning Post, Headline Daily, and Oriental Daily News also gave shape to this idea. In an article published by Global Times of China, it indicated that five years of Modi did not yield required fruits by saying, ‘The country needs an efficient government, which is capable of addressing public issues, such as increasing employment.’ It also raised a question, ‘Even if it is said that India’s election is the best demonstration of democracy, will it produce a government which can realise its goal? Or is it just a show?’ To see the response to this inquest, wait only for three more days. (The author is Editor & CEO of News Views India and a national office bearer of the Congress party. Views expressed are strictly personal)
TUNIS – Tunisia, already destabilised by a political crisis, tightened security on Thursday after two failed suicide bombings that dealt a blow to the country’s vital tourism industry.Only the suicide bomber was killed Wednesday in one attack on a beachside hotel in Sousse, and the security forces thwarted another attempted suicide attack soon thereafter in neighbouring Monastir.On Thursday police checks were considerably strengthened in and around Sousse, while tourists in the nearby resort of El Kantaoui said they were concerned but resolved to enjoy the rest of their vacations. “Yesterday I was scared, frankly. But I think such incidents are mostly a threat to Tunisia. The weather here still attracts us, and I’m determined to finish my holiday,” said a French tourist who identified herself as Aurelie.Michele, another French holidaymaker lying on the beach, was also determined to see out her holiday. “I don’t want to think too much and ruin my vacation,” she said.In the capital Tunis, police beefed up their presence on Habib Bourguiba Avenue and used barbed wire to cut off vehicle access to the interior ministry.Security was also stepped up at Zarzis, a tourist spot near Djerba island and the border with Libya, which is considered a transit point for arms smugglers.An AFP journalist said tanks were deployed around hotels, and police and army patrols searched vehicles on the road to Libya.Wednesday’s attacks have fuelled fears about the future of the country’s tourism sector, still struggling from the 2011 revolution that resulted in a 30-percent drop in revenues.One newspaper said the attacks meant “terrorism is now targeting tourism.”“The target now is the beating heart of the Tunisian economy,” read the editorial in the Une le Temps daily.But Mohamed Ali Toumi, the head of a Tunisian travel agents’ federation, expressed optimism ahead of the winter high season for travel to desert areas on the borders with Algeria and Libya.“People are a little reluctant to book stays, this is true, but we believe it will be short-lived… It will be difficult for the next few days, then we will return to normal, God willing,” he said. ‘Attacks won’t derail transition’The presidency insisted the attacks, which have yet to be claimed, would not “derail” the democratic transition following the 2011 revolution, which kicked off the Arab Spring.A national dialogue is under way between the ruling Islamist party Ennahda and the opposition to end a months-long political crisis sparked by the July assassination of opposition politician Mohamed Brahmi by suspected jihadists.As part of a roadmap agreed by political leaders to break the stalemate, Ennahda is to hand over power to an interim government made up of independents.Ennahda’s veteran leader Rached Ghannouchi, who has been criticised in the past for encouraging dialogue with hardline Salafists, denounced “those who tried to target tourists,” calling them “criminals who want to destroy Tunisia, its economy and its democratic transition.”In Wednesday’s first attack, the suicide bomber “blew himself up” near the four-star Riadh Palms hotel in Sousse, the interior ministry said.According to witnesses, he had tried to enter the hotel but fled to the beach when guards spotted him.Within half an hour, security forces foiled another suicide attack by an 18-year-old man on the tomb of former president Habib Bourguiba, in Monastir, 20 kilometres (12 miles) away along the coast.The ministry said special forces arrested five members of Ansar al-Sharia, an Al-Qaeda-linked Salafist movement, over the attacks.Since the 2011 revolution that toppled Zine El Abidine Ben Ali, Tunisia has been rocked by violence blamed on radical Islamists suppressed under the former dictator, including the killings this year of Brahmi and another opposition MP.Wednesday’s failed suicide bombings are the first in Tunisia since 2002, when an attack claimed by Al-Qaeda killed 21 people at the ancient Ghriba synagogue on Djerba.Ennahda, which swept Tunisia’s first post-revolutionary elections in October 2011, has been sharply criticised by the opposition for failing to combat a rise in jihadist militancy.The government has linked Tunisia’s armed jihadists to Al-Qaeda in the Islamic Maghreb, and says it lacks the resources to combat them.
Facebook Twitter: @NeosKosmos Instagram New Democracy leader Antonis Samaras has named five additional people that will form part of his shadow cabinet.Kyriakos Mitsotakis, the younger brother of his recent rival for the party’s leadership Dora Bakoyannis, is shadow minister for the Environment.Eliza Vozeberg has been named shadow minister for Education and Religious affairs while he has placed Mihalis Yiannakis in the Energy and Natural Resources portfolio.Olga Kefaloyiannis is shadow minister for Tourism and George Kasapidis shadow minister for Agriculture.