It's that time of year again! Lunar New Year is right around the corner, and many Chinese are consulting fortune tellers to learn what the year of the goat has in store.
But what do fortune tellers foresee about the world's second-largest economy?
Read more.... http://money.cnn.com/2015/02/17/news/economy/chinese-new-year-fortune-teller/
(Bloomberg) -- Confidence among U.S. homebuilders decreased in February to the lowest level in four months as winter weather prevented some prospective buyers from touring new developments.
The National Association of Home Builders/Wells Fargo sentiment gauge fell to 55 this month from 57 in January, according to figures issued from the Washington-based group Tuesday. The median forecast in a Bloomberg survey called for 58. The decline was led by a slump in customer traffic.
Read more.... http://www.bloomberg.com/news/articles/2015-02-17/confidence-among-u-s-homebuilders-declines-to-four-month-low
The long-awaited recovery of metro Phoenix's homebuilding market is still a few years away, according to leading housing research firm RL Brown Reports.
A new forecast calls for 11,000 houses to be built across the Valley in 2015, up slightly from the 10,840 constructed in the area last year. And the report's publishers, RL Brown and Greg Burger, call that a "moderately optimistic" forecast.
Residents aren't the only ones benefiting from a surge of new apartments in Scottsdale.
The city brought in nearly $2 million more than expected from building permits during the first part of the current fiscal year, largely thanks to a boom in apartment development.
Scottsdale's coffers grew by about $6.5 million from July through November, a result of revenues from building permits, which are required for new construction.
