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Building Industry News

This page lists headlines from the building industry new sources.

The news feeds are updated regularly and are linked to each organization's website. To read an entire story, simply click on the link and a new window will open; after reading, simply close the window and you'll return to this page to continue scanning headlines.

 

 


 

 

    
HousingZone

The annual median wage in the United States rose 2 percent year-over-year in August to $51,556, per Glassdoor’s latest Local Pay Reports.

Wages for full-time workers grew the fastest in San Francisco, Boston, Washington, D.C., Seattle, and Los Angeles while the least amount of wage growth was tracked in New York, Philadelphia, Chicago, Atlanta, and Houston.  CNBC has more details about growth rates and the median base pay by major metro.

A drop in Houston-area home purchases after Hurricane Harvey and the lack of affordable housing overall brought August contract closings for existing homes down by 1.7 percent, according to the National Association of Realtors.

A year-old company called Loftium is helping first-time homebuyers overcome obstacles to saving—like student debt—by providing the down payment. In exchange, buyers agree to pay the money back by renting a private room or basement unit in the house through Airbnb (Image: Creative Commons via Pixabay)

Inspired by similar waterfront redevelopments from across the world, next month Washington D.C. will open the Wharf, a $2.5 billion commercial and residential project.

The New York Times reports that the project, which is set over 24 acres of land and 50 acres on the Potomac River, will have 861 residential units in two condominium and two apartment buildings, along with a mile-long cobblestone promenade, four public piers, two office buildings and three hotels.

New homes are purchased for a median $829,000 in Orange County, Calif., but luxury builder New Home Co. is getting ready to sell a handful of newly built homes in the county for only $350,000 in November.

Of course, there’s a bit of a stipulation, according to the O.C. Register. Only 10 of the homes in the 80-unit Azure project at Rancho Mission Viejo will sell at that price, and they are one-bedroom, 707-square foot townhomes with a one-car garage.

      
Yahoo! Finance Headlines

China's central bank tells banks to stop doing business with North Korea: sourcesBEIJING/HONG KONG (Reuters) - China's central bank has told banks to strictly implement United Nations sanctions against North Korea, four sources told Reuters, amid U.S. concerns that Beijing has not been tough enough over Pyongyang's repeated nuclear tests. Tensions between the United States and North Korea have ratcheted up after the sixth and most powerful nuclear test conducted by Pyongyang on Sept. 3 prompted the United Nations Security Council to impose further sanctions last week. Chinese banks have come under scrutiny for their role as a conduit for funds flowing to and from China's increasingly isolated neighbour.


Netflix CEO Reed Hastings hasn't had an office since 2008, and is starting to not even need his laptop some daysNetflix CEO Reed Hastings runs one of the hottest companies in the world, which will spend $6...


Megyn Kelly says she left Fox News because of Trump and the 'snake pit' that is primetime cable newsMegyn Kelly said President Donald Trump and the toxicity of primetime cable news caused her to...


Sean Spicer freaks out at reporter for texting him, threatens to report him to authoritiesSean Spicer has spent the past several weeks since he stepped down as White House press secretary...


See what the IHS Markit Score report has to say about Valeant Pharmaceuticals International Inc.Valeant Pharmaceuticals International Inc NYSE:VRX


      
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