For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months.
The National Association of Home Builders/Wells Fargo builder sentiment index leaped to 52 this month from 44 in May.
A reading above 50 indicates more builders view sales conditions as good, rather than poor. The index hasn't been that high since April 2006, just before the housing market collapsed.
Measures of customer traffic, current sales conditions and builders' outlook for single-family home sales over the next six months also soared to their highest levels in seven years.
Steady job growth, low mortgage rates, rising home prices and tight supplies of homes for sale have supported a recovery in housing this year.
Built around and on top of railroad tracks leading in and out of Penn Station, Manhattan West is no ordinary construction project. A mega-sized piece of machinery called The Launcher puts 50-ton concrete segments into place creating a span. Eventually 16 spans will cover the train tracks down below. Eventually 16 spans will cover the train tracks down below. It's technology typically used in bridge construction.
The unmistakable smell of fresh pine needles is the signal that it is time to buy a tree! And there is a lot to know about getting a healthy tree without getting ripped off. First you have to know what kind of tree you're looking for. Fraser firs with the blue tinted underside and balsam fir trees are the most popular.
It's a familiar problem in the city: noise. But now there is a device in development that can help block out the sound from any room in your home. The concept was thought up by SONO. It uses a microphone that captures the noise outside and then plays it back out, cancelling any sound before it reaches your window.
With so many companies knowing so much about us privacy advocates are now applauding a new Princeton University study. Researchers are creating fake people with different ages, races, genders, and income levels to search the same sites on the World Wide Web. The idea is to track how different people experience the same sites differently.
More and more millennials are living at home not because they want to but because they have to because they don't have enough money to do otherwise. A new poll shows nearly 40 percent of adults between the ages of 20 and 29 still live with their parents.