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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Aug 29, 2013
Page
6
Ohio Realtors report July pending home sales index at 128.6, up 16.1 percent from July 2012, marking the 27th straight monthly year over year rise. The index shows demand remains strong, with low mortgage rates, steady job gains, and consumer confidence supporting activity.
Ueda George Steel Fabricating Inc is adding 8,250 square feet to its 70,000 square foot facility in a roughly $1 million expansion that began in June and should finish in October. President John George says the upgrade will improve admin, project management and engineering capacity as business improves and talent is sought. The Warren County firm, founded in 1954, employs 40 people.
Big investors pause amid slipping stocks and rising oil as the Syrian war intensifies. The Dow gains 48.38 to 14,824.51 while the S P 500 rises 4.48 and the Nasdaq increases 14.83. Hedge funds and funds pull from equities. money market funds attract cash.
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