New home sales surge in July as rates stay low
July reports show new home sales at a record annual pace of 102 million with a 49.7 percent jump, while existing home sales rose 4.5 percent to 5.33 million. Mortgage rates eased to 6.49 percent for a 30 year loan, boosting buyer demand amid a slow job market and stock volatility. Regional gains were led by the Midwest and South, with the West barely changed and the Northeast falling. The average new home price rose to 215,200 dollars, while the median declined to 170,500 dollars.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
National Association of Realtors
Foe
Wall Street
David Seiders
National Association of Home Builders
Seiders
David Lereah
Federal Reserve
Conperere
Midwest
South
Hershey Foods
USA Today
Nestle
Clear Channel Communications
RBC Capital Markets
Hewlett-Packard
Morgan Stanley
Fairchild Semiconductor
Bear Stearns
New York Stock Exchange
Lettuce Prices Safer Bagged Salad Dominates Market
In Salinas California two teams harvest iceberg lettuce for Dole Fresh Vegetables Inc as bagged salad prices hold steady despite 12 year low head lettuce costs. Bagged salads now use 40 percent of Salinas lettuce, driven by convenience, branding, and extended shelf life.
MENTIONED IN THIS ARTICLE
Soledad
Calif
Salinas
Dole Fresh Vegetables Inc
Withlin sEaal
Dole Food Co
Fresh Express
California
Tom Loveless
Performance Food Group Co
Salinas Valley
Dole
Amos firm forms partnership with Cleveland Financial Group
Sheffield based Amos and Associates merges with Cleveland Financial Group in June to expand offerings in employee benefits investments and estate planning. Paul Amos notes access to thousands of mutual funds and advanced software for portfolio analysis, with revenue sharing and future growth through new client reach and the addition of his son Philip. The business is at 5311 Meadow Lane Court. contact numbers are listed.
MENTIONED IN THIS ARTICLE
Sheffield
Amos and Associates
Cleveland Financial Group
Paul Amos
Amos
Associates
CFG
Philip
Meadow Lane Court
Philip Amos
Hershey’s distributes Indiana state quarter in Elyria
Hershey’s Ice Cream N More on Chestnut Ridge Road began handing out the Indiana state quarter with purchases. Ray Spishak says Ohio and Louisiana quarters were popular, with a complimentary quarter given per combo meal and change returned one per item. The shop is open daily with hours listed.
MENTIONED IN THIS ARTICLE
Elyria
Indiana
Hershey
Ray Spishak
Chestnut Ridge Road
Ohio
Spishak
Hershey's
Stocks Rally Modestly on Slow Volume in New York
Investors found a reason to buy on light volume as early declines drew prices up. The Dow rose 46.05 to 9,919.01 after Friday losses, with profit-taking cooling and analysts unsure about durable gains.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Jeff Kieintop
PNC Financial Services Group
Philadelphia
Dow Jones
Dow
Standard & Poor
Dollar Dips as Markets Pause Ahead of Labor Day
The dollar eased against major rivals in thin holiday trading as London markets closed for Labor Day. US data showed July new home sales unexpectedly rising to a record level amid cautious investor sentiment. Analysts noted no clear trend, with Fed official Poole reiterating nothing suggests a 1980s style inflation spike. stocks edged higher on Nasdaq and NYSE despite mixed earnings and continued wariness about Iraq.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/ AP
London
U.K
Atlantic
United States
New
Federal Reserve Bank of
Also Mentioned on This Page
Freddie Mac
Bert
Chronicle On Time
Cuyahoga County
Laura Schneider
Chronicle-Telegram
Chromdetelegram
Rachel Ortega
Chronicle
Hershey’s
Christina Jolie
Goffe
Chromicletalearam
Joseph V. Battipaglia
Ryan, Beck & Co. LLC
Europe
France
Germany
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