New Home Sales Plummet As Market Slows
January new home sales fell 12.3 percent to 408000 annual rate, the lowest since August 1982, signaling continued weakness. Analysts expect a modest year rise as buyer traffic improves, though builders face high inventories and potential layoffs in construction amid a slow housing market.
MENTIONED IN THIS ARTICLE
Washington
Richard Peach
Mortgage Bankers Association
Commerce Department
Department of Housing and Urban Development
Labor Department
Affordability index slips as prices outpace income
The National Association of Realtors reports the January Housing Affordability Index at 114.4, down from 118.7 in December, marking the first drop in seven months. Despite lower mortgage rates and higher incomes, the median home price rose 2.7 percent to 94,200, with monthly payments up about 15 dollars.
MENTIONED IN THIS ARTICLE
Washington
National Association of Realtors
Federal Housing Finance Board
Blue Cross and Blue Shield of Maryland earnings soar in 1990
Blue Cross and Blue Shield of Maryland tripled earnings in 1990 to 48.6 million as premiums rose over 7 percent to nearly 2 billion. The company, Maryland’s largest insurer with 1.5 million dependents, earned 34 million from insurance and 12.2 million from investments, offset by subsidiary losses and adjustments.
MENTIONED IN THIS ARTICLE
Baltimore
Blue Cross
Blue Shield of
Maryland
Blue Shield
Carl Sardegna
Fewer withdrawals from S&Ls in November signals pause
Washington AP reports savings and loan withdrawals fell to 2.9 billion in November the smallest in 16 months. The outflow, down from 7 and 8.7 billion in prior months, follows deposits of 347 billion and assets of 2.1 trillion. Economists see a pause in shrinkage rather than end of consolidation. Regular bailout constraints and housing market declines are cited as factors.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
New York
Byron R. White
Harry A. Blackmun
S&ls
S&l
Martin Regalia
National Council of Savings Institutions
Powers Home Improvements opens model residence in Middletown
Lloyd Powers and Sue Powers showcase their renovation expertise at their own Middletown home, 305 Broad St. The open house runs noon to 5 p.m. Saturday March 9 and Sunday March 10, highlighting remodeling of kitchens baths garages basements and additions. Contact 473 5984 for details.
MENTIONED IN THIS ARTICLE
Ed Waters Jr
Lloyd Powers
Powers
Broad St
Middletown
Lloyd
Sue Powers
Powers Home Improvements General Contractors
Powers Home
Also Mentioned on This Page
Kuwait
David G. Seiders
National Association of Home Builders
Mr. Seiders
John A. Tuccillo
Justice Department
Fay Associates, Inc
Athee
Frederick
Woodshors Savings Bank
Main ST
C.D
Woodsboro
FDIC
Aety
Bill Consoliaton
First General Mortgage Company
First Virginia Bank
Rockwire
Marcy Priester
Cheryl Lawis
Igers
Yalich
Chiropractic
Amatesson
Morinin
Donald B. Berry
Rockledge
U.S. 40 West
PHYS
Anne E. Keyser
CPCA
Rosemont Avenue
State Farm
State Farm Insurance Companies
Bloomington
Illinois
Frederick Underwriters, Inc
Life and Health Department
East Street
Fredenck
South Main Street
Mt. Airy
Franklinville Road
Thurmont
ARPHI
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