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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 18, 2014
Page
11
Groundbreaking dropped 9.3 percent to 893000 units annual pace, the lowest since 2012, while single family starts slid 9.0 percent to 575000 in June. Permits fell 4.2 percent to 963000, underscoring housing limits from higher mortgage rates and tight supply as economists had expected a rise.
Facebook describes a test of a buy button on its site enabling consumers to buy products from participating businesses. The service targets a few small and medium sized businesses in the United States and will allow purchases directly from ads on the social network.
Every weekend The Gazette offers Back to the Futures a concise discussion of grain livestock gasoline prices and other market topics listed on TheGazette.com B380.
Initial claims for unemployment benefits fell to 302000 for the week ended July 12, with the four week average at 309000 the lowest since June 2007. The report notes holiday disturbances but says no special factors affected state data and unemployment benefiting continues to ease.
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