New-home sales fell below the 300,000 mark in August and are nearing the cyclical (and 48-year) low of 278,000 that sales hit in August 2010. economist with IHS Global Insight, said that the trend for new home sales has been flat for the last 16 months.
This year is shaping up to be the worst year on record for new home sales, Newport wrote in a note. An estimated 162,000 newly built homes were on the market in August, representing a supply ofa credit history report free Toledo little more thansix months and two weeks. A supply of about six months typically represents a healthy market, so credit history report free Toledo if sales do pick up in a meaningful way then new construction is likely to feel a boost. The median sales price of a new home, which is the point at which half the new homes sold for more and half for less, fell nearly 9% to $209,100 in credit history report free Toledo August. The steep drop in prices indicates that builders are struggling to attract buyers credit history report free Toledo from even cheaper so-called distressed properties,homes that are foreclosures or have a borrower in default. free credit report usa recovery White House forecasts high unemployment through 2012 BofA, Chase must do more to help troubled homeowners, Obama administration says Photo: A Meritage Homes Corp.
for sale sign lies on the ground near a construction site recently in Gilbert, Ariz. Credit: Bloomberg A Newport Beach hospitality company that manages hotels throughout the state has been hired to manage the iconic Queen Mary docked in Long Beach Harbor. Evolution Hospitality, which manages a Courtyard by Marriott hotel in Anaheim and a Hard Rock Hotel in San Diego, among others, took over Monday managing the retired ocean credit history report free Toledo liner, now a tourist attraction and hotel.The company is the third management firm to operate the ship since 2007. credit bureau check The city of Long Beach bought the Queen Mary in 1967 from the Cunard Line shipping company. Since then, the city has brought in several firms credit history report free Toledo -- including Walt Disney Co.
-- to manage the ship and develop about 45 credit history report free Toledo acres of adjacent oceanfront property. In addition to the hotel, the ship features credit history report free Toledo three sit-down restaurants and several ornate ballrooms. The current lease operators, New York-based Garrison Investment Group, hired Delaware North credit history report free Toledo Cos., a New York hospitality and food service company, in 2009. But Delaware North announced in April that it was ending its relationship with the ship.
Delaware North said it had achieved its goals of rebranding the attraction with targeted marketing, renovation of the ship’s staterooms, credit history report free Toledo as well as some of the restaurants and meeting spaces. free credit report from These have resulted in increased occupancy and higher credit history report free Toledo revenue in lodging, food and beverage, retail and attractions. Before Delaware North, Illinois-based Hostmark Hospitality Group operated the Queen Mary from 2007 to 2009.
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