Home construction up 21% in April Silicon Valley / San Jose …
The News Review:
- Home construction up 21% in April Silicon Valley / San Jose …
- Beware the work-at-home scams
- Business Highlights
- Praktiker says German business picks up
- Small-business loans slow to a trickle
- Euthanasia veterinarians provide a peaceful death
- Ahead of the Bell: Existing Home Sales
Home construction up 21% in April Silicon Valley / San Jose …
Bizjournals.com
us Digg This Single-family home construction permits in California were up 21 percent in April over the previous month reaching the highest monthly total since ctober of 2008 the California Building Industry Association reported Tuesday. According to statistics compiled by the Construction Industry Research Board 2265 single-family permits were pulled throughout California during the month of April down 33 percent when compared to the same month a year ago but up 21 percent when compared to March. It was the largest monthly total since ctober of 2008 when 2352 permits were pulled. Robert Rivinius CBIA's president and CE said the month-to-month increase in single-family production indicates that builders are clearing out inventory due to the tax credit and are starting to build again but that the tax credit funds need to be replenished in order to continue the positive momentum. "The tax credit enacted in March is having the desired effect of stimulating home sales and clearing out inventory which is helping to generate new construction and put people back to work in the process" Rivinius said.
Related from Ytbao: Pearl Therapeutics names CE Silicon Valley / San Jose Business …
Beware the work-at-home scams
Newsday
But they should beware. Here are some tips from Scott Stevenson founder and chief executive of Eliminate ID Theft an Atlanta-based identity.
Business Highlights
Forbes
The Conference Board said Tuesday that its Consumer Confidence Index which had dramatically increased in April zoomed past economists’ expectations to 54. 9 from a revised 40. Economists surveyed by Thomson Reuters were expecting 42.
Praktiker says German business picks up
Reuters
DE) said on Wednesday that business in its homemarket was improving and would likely perform better this yearthan its international operations. April and May improved from the first quarter ChiefExecutive Wolfgang Werner told the company’s annual shareholdermeeting. Its German business would probably be more stable this yearthan its international operations contributing more strongly tosales and earnings than in previous years Werner said. Praktiker which made about two-thirds of its operatingprofit outside of Germany last year struggled with weaker salesin the first quarter as cold weather and the global recessionspoiled consumers’ appetite for DIY work and gardening. Forward-looking indicators in recent weeks have suggestedthe pace of the downturn in Europe’s biggest economy — whichthe government has forecast will cause the economy to shrink bya record 6 percent this year — has eased since the firstquarter.
Small-business loans slow to a trickle
San Francisco Chronicle
The SBA report identifies banks that focus on small loans. At akland’s Innovative Bank one of California’s top-ranked lenders Vice President Danny Alfonso said he has cut way back on small business loans. Through June 2008 Innovative had been funding about 350 such loans per month. Now it is issuing about 70 such loans monthly mainly because of tougher eligibility requirements he said. “Loans that had been paying for two to three years have started to default” he said. “We have really tightened up our credit underwriting.
Euthanasia veterinarians provide a peaceful death
USA Today
Because euthanasia vets do only euthanasia they are generally available on quite short notice. Their numbers are few — perhaps no more than a few score across the country. But “I think in 10 years perhaps less it will be quite common” says veterinarian Jodi Freifeld who started her home euthanasia business for pets Peaceful Partings in. “It is a very stressful time for pet owners” Freifeld says “and the knowledge that they don’t have to be concerned with transporting their pet when it may be in pain” or take the final torturous last drive to the vet’s office is to owners who opt for this worth the additional cost — generally 30% to 90% higher depending on the vet and city — for an at-home euthanasia vs. an office euthanasia.
Ahead of the Bell: Existing Home Sales
Forbes
ne big question: How much benefit is coming from a $8000 tax credit for new home buyers included in the economic stimulus package signed by President Barack bama in mid-February. First-time homebuyers looking for bargains snapped up about half of all previously occupied homes sold in March but the spring selling season got off to a lackluster start as sales fell 3 percent from February. As unemployment grows and fallout from the mortgage crisis continues foreclosures and distressed sales are dominating the market – especially in California Florida Nevada and Arizona – where several metro areas have seen a bottom in sales volumes and are in recovery mode. The Realtors group estimates about half of sales nationwide are from foreclosures or other distressed properties. Home prices fell at the fastest annual rate on record in the first quarter but the pace of month-to-month declines continues to slow according to a closely watched housing index released Tuesday.
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