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SBTech renews sportsbook partnership with ComeOn

first_img Sports betting technology provider SBTech has signed an extension to its long-running partnership with Cherry AB subsidiary ComeOn. Topics: Sports betting Tech & innovation SBTech renews sportsbook partnership with ComeOn AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Sports betting 5th June 2019 | By contenteditor Sports betting technology provider SBTech has signed an extension to its long-running partnership with Cherry AB subsidiary ComeOn.The renewal allows ComeOn to continue to deploy SBTech’s sportsbook solution in new and existing markets around the world.SBTech supplies ComeOn and its subsidiary brands with a complete suite of solutions, including front-end technology, live betting and streaming services, as well as live match tracking and statistics feeds.The supplier will also provide ComeOn with its APIs allowing it to customise a range of key site elements including the front end layout, the bet slip and trading strategies. In addition, ComeOn will be able to control its operations in multiple markets from a centralised back end, utilising localisation capabilities, SBTech’s bonusing engine and responsible gambling tools.“We are very excited to continue our successful partnership with SBTech and we are confident that together we will be able to find new great opportunities and keep offering our players a great sportsbook experience,” ComeOn chief executive Lahcene Merzoug said.SBTech CEO Richard Carter added: “Our decade-long relationship with ComeOn continues to go from strength-to-strength with our innovative technology and new features enabling it to power new brands, broaden its footprint into new markets and offer its customers the ultimate, personalised online and mobile sports betting experience.”SBTech and ComeOn have been working together since 2009 and this extension represents the fifth contract renewal between the two parties. Subscribe to the iGaming newsletter Email Addresslast_img read more

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Next shares are up 45%! Here’s why I’d keep buying

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Next shares are up 45%! Here’s why I’d keep buying Roland Head | Friday, 26th June, 2020 | More on: NXT The Next (LSE: NXT) share price has staged a rapid recovery from the 52-week low of 3,311p, suffered during the stock market crash. At a last-seen level of 4,825p, Next stock has delivered a 45% gain for investors who caught the bottom.It’s too soon to know how well the group is trading now its stores are reopening. But, as a long-term investor, I think there’s a good chance Next will continue to deliver market-beating gains for some years to come. Here are three reasons why.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Strong foundationsSome retailers were already struggling before coronavirus struck. Next wasn’t. The group was highly profitable, with an operating margin of 20%. Net debt was reassuringly low, relative to earnings.Best of all, Next already had a clear strategy for moving online and reducing its dependency on the high street. This plan was starting to deliver results and the group’s profits rose in each of the last two years, reversing earlier declines.No one could have been fully prepared for the pandemic. But I think Next was in a much better position than many rivals.Next shares have delivered impressive returnsThe retail sector is a tough place to be at the moment. Even before the coronavirus lockdown, retailers were fighting to adapt to the shift online. These big changes mean investors face extra risks.In a situation like this, I prefer to invest in companies with a good track record of looking after their shareholders. Next is a prime example, in my view. The group’s share price has risen by almost 150% over the last 10 years. During the same period, the FTSE 100 has only gained about 17%.Shareholders have also benefited from regular dividends and share buybacks which have boosted their overall return. Although no returns are likely this year, analysts do expect Next to restart dividend payments in 2021.The man with a planAnother think I look for is a clear strategy. Next scores highly here too. Chief executive Lord Wolfson has developed a detailed plan to evolve the business from an own-brand retailer into an online marketplace with a high street presence.Next even has a plan to close all of its stores and move online if necessary, although the company doesn’t expect to do this. Plans also include detailed financial projections, which Next has shared with its shareholders. When you know this much about a company, I find it’s much easier to trust management.Next share price: I’d keep buyingOf course, these attractions aren’t a secret. Investors have admired Next’s excellent financial and operational performance for some years. Some of the good news is already reflected in Next’s share price. But I think the stock’s valuation is still low enough to be attractive, despite the uncertain outlook.Analysts expect the firm’s earnings to fall to just 111p this year, from 460p in 2019/20. However, earnings are expected to rebound strongly in 2021/22, rising to 437p. With the stock trading at about 4,800p, that values Next shares at about 14 time forecast earnings.For a company with such a strong track record, I think this looks like a decent level to buy for a long-term holding. Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Roland Head has no position in any of the shares mentioned. The Motley Fool UK owns shares of Next. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images “This Stock Could Be Like Buying Amazon in 1997” See all posts by Roland Head Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.last_img read more

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Currie Cup Round 11 – Highlights from the weekend

first_imgThursday Sep 23, 2010 Currie Cup Round 11 – Highlights from the weekend The Currie Cup highlights have been scarce the last two weeks as for one reason or another, they weren’t top of the list and other tournaments got featured. If anything major happened, it would have been shown though. To make up for it anyway, here’s full highlights of three games from the weekend, Round 11.The three games featured are the Sharks against the Free State Cheetahs, Pumas vs Western Province, and the Blue Bulls against the Golden Lions.The Sharks continue to look like tournament favourites as they showed their strength against the Cheetahs in Durban with a convincing 30-16 win. Springbok Ryan Kankowski made a difference as he was involved in setting up tries, first for Odwa Ndungane, then later for Rory Kockott. Willem Alberts and Charl McLeod also crossed for well taken tries.Western Province, now second on the table behind the Sharks, travelled to the impressive Mbombela Stadium on Friday night as they took on hosts the Pumas. They proved too strong as they crushed them 62-10 in what was eventually a one sided contest.The Jukskei derby between the Blue Bulls and the Lions was a far closer affair, with the revitalised Lions fighting back from being 24-9 but eventually going down to their neighbours, who won 24-21 at their home ground of Loftus Versfeld. Please notethat the three clips are presented as a playlist, so you can easily skip to the match you’d like to see (click the second button), or just sit back and watch all three as they’ll start automatically once hitting play.ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Related Articles 81 WEEKS AGO scottish prop saves fire victim 84 WEEKS AGO New Rugby X tournament insane 112 WEEKS AGO Vunipola stands by his comments supporting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedWrinkle Remedy Stuns TV Judges: Forget Surgery, Do This Once DailySmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living10 Types of Women You Should Never MarryNueeyShe Was the Most Beautiful Girl in the World. What She Looks Like Now is InsaneNueey90% of People Have No Idea What These Two Little Holes Are ForNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

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Huge tackle from Hawkes Bay’s Hikairo Forbes against Northland

first_imgTuesday Aug 30, 2011 Huge tackle from Hawkes Bay’s Hikairo Forbes against Northland We’ve got a bit of a history with posting big hits here on RD. Everyone loves seeing them after all, so here’s a quick clip of a great tackle that happened in New Zealand’s brilliant ITM Cup recently. As you are well aware of, it’s a crazy period on the rugby calendar, what with the Tri Nations, World Cup war-up matches, and then of course the Currie Cup and ITM Cup seasons. We’re also do all sorts of behind the scenes stuff here with RD, so that’s meant that the latter comps have admittedly had to have been neglected a bit, unfortunately. What always helps though is when a user submits a request for something specific. It just makes the whole process of finding the best bits that much easier, quicker, and more rewarding for everyone involved. This was the case with today’s post, as someone watched the match, noted the tackle, then dropped a post in the Request section on the forum. Easy. So if you find yourself watching a lot of Currie Cup or ITM Cup lately, please feel free to do the same so that great moments can be shared with the world here on the site. Of course that applies to internationals too, of which we have bucket loads of in just ten days time. This great hit came from Hawkes Bay’s hooker Hikairo Forbes on Northland’s replacement flanker Joel McKenty. It’s nice to see a good old fashioned dump tackle that isn’t penalised. Northland won the match 43-34.ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Big Hits & Dirty Play Related Articles 25 WEEKS AGO Suspensions handed down after testicle grabbing… 26 WEEKS AGO The ‘double ruffle’ splits opinion with fans… 26 WEEKS AGO WATCH: The nastiest and most brutal moments… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedDoctors Stunned: She Removes Her Wrinkles With This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueey10 Types of Women You Should Never MarryNueeyYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

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Pope Francis warns on nuclear weapons; official Italy silent

first_imgPublished in Il Manifesto on Nov. 26. Translation by John Catalinotto.Italy’s politicians and corporate media, usually eloquent about any news concerning the Pope, greeted with the silence of the tomb the words pronounced by Francis on Nov. 24 in Hiroshima and Nagasaki: “The use of atomic energy for war purposes is, today more than ever, a crime. The possession of atomic weapons is immoral.”These words are embarrassing for the leaders of Italy’s institutions. Like the ones who preceded them, these leaders are responsible for the fact that Italy, a non-nuclear country in words, is in reality a country that houses and is prepared to use U.S. atomic weapons. This reality is in violation of the Non-Proliferation Treaty of 1968 to which Italy has formally committed, and which prohibits non-nuclear states from receiving nuclear weapons and from having direct or indirect control over them. This is an even more serious violation because Italy, as a NATO member, has refused to adhere to the Treaty on the Prohibition of Nuclear Weapons voted for in 2017  by a large majority of the General Assembly of the U.N. This treaty commits the signatory states to neither produce nor possess nuclear weapons, to neither use nor threaten to use them, nor to transfer or receive them directly or indirectly; the objective of these rules is the total elimination of nuclear weapons.What is embarrassing for Italy’s rulers is the question that Pope Francis asked in Hiroshima: “How can we speak of peace while we build new and formidable weapons of war?” In Italy there are currently about 70 nuclear bombs, all of the B61 model, but new and deadlier U.S. nuclear bombs known as B61-12 (a number not yet widely known) are about to be deployed on Italian territory in place of the current B61. The B61-12 has a nuclear warhead with four selectable power options. When launched, the operators can choose the  power of the explosion according to the target to be hit. Unlike the B61, released vertically upon the target, the B61-12 is launched remotely and guided by a satellite system. It also has the ability to penetrate the subsoil, even through reinforced concrete, exploding deep underground to destroy the bunkers of command centers and underground structures, so as to “decapitate” the enemy country in a first nuclear strike.More embarrassing is the pope’s other question: “How can we propose peace if we continually use nuclear war threats as a legitimate means of conflict resolution?” Italy, as a member of NATO, endorsed Trump’s decision to cancel the Intermediate-Range Nuclear Forces (INF) Treaty. This treaty had been signed in 1987 by Presidents Mikhail Gorbachev and Ronald Reagan and made it possible to eliminate all the intermediate-range, ground-based nuclear missiles deployed in Europe, including those installed in Comiso, Sicily, Italy. The U.S. has developed new ground-based, intermediate-range nuclear missiles, both cruise and ballistic (these are capable of hitting targets within minutes of launch), to be deployed against Russia in Europe, and certainly placed also in Italy, and in Asia against China. Russia has warned that, if these U.S. weapons are deployed in Europe, it will aim its own nuclear missiles at the territories where they are installed.The nuclear powers possess a total of approximately 15,000 nuclear warheads. More than 90 percent of the nuclear warheads belong to the United States and Russia. Each of these two countries has about 7,000 such weapons. The other countries in possession of nuclear warheads are France (300), China (270), Great Britain (215), Pakistan (120-130), India (110-120), Israel (80) and North Korea (10-20). Five additional countries – Italy, Germany, Belgium, the Netherlands and Turkey – together have about 150 U.S. nuclear warheads deployed on their territory. ‘Most serious threat to environment is nuclear war’However, the arms race again underway is taking place not so much in terms of quantity as in terms of quality, i.e., finding effective launch platforms and increasing the offensive capabilities of the nuclear warheads.So when Pope Francis affirms that the use of nuclear energy for war purposes is “a crime not only against humanity and its dignity, but against every possibility of future in our common home,” he is saying that nuclear war endangers the future of the Earth. That’s why those engaged in the defense of the environment should speak up, because the most serious threat to the living environment on the planet is nuclear war. Thus their priority should be the complete elimination of atomic bombs.Will the warning of Pope Francis now be heard in the Church and among Catholics – those who in Japan are in the front line against any rearmament and reform of the post-World War 2 Peace Constitution.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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Saber Al-Jabri and Kamal Al-Samadi attacked

first_img Help by sharing this information Men armed with traditional Jambiya swords attacked Saber Al-Jabri, a reporter for the Saudi TV news station Al-Akhbariya Al-Saudiya, and his cameraman, Kamal Al-Samadi, in Sanaa as they were preparing a news report on the latest developments in Yemen. Passers-by came to the aid. RSF_en Newscenter_img March 6, 2011 – Updated on January 20, 2016 Saber Al-Jabri and Kamal Al-Samadi attacked Organisation last_img

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New wave of censorship of Arabic-language dailies

first_imgNews August 24, 2007 – Updated on January 20, 2016 New wave of censorship of Arabic-language dailies April 10, 2020 Find out more Help by sharing this information Coronavirus infects press freedom in Africa Receive email alerts SudanAfrica to go further RSF_en Covid-19 in Africa: RSF joins a coalition of civil society organizations to demand the release of imprisoned journalists on the continent Newscenter_img April 6, 2020 Find out more Sudan : Press freedom still in transition a year after Omar al-Bashir’s removal News SudanAfrica News Organisation Reporters Without Borders today condemned the censorship of six privately-owned Arabic-language dailies during the past five days in an attempt by the security forces to suppress reports about the arrests of eight alleged terrorists.“The vice-president announced the official lifting of censorship nearly a year ago,” the press freedom organisation said. “Now we regrettably see that this practice is continuing despite President Omar Al-Bashir’s promises of democratisation. The reasons given are all the more unsatisfactory as the measures are clearly targeted. The privately-owned Arabic-language newspapers are always the first victims.” When eight Sudanese citizens suspected of organising bomb attacks on western embassies were detained on 18 August, the security services immediately ordered the daily Al-Rai Al-Shaab’s editor not make any reference to their arrests on the official grounds that this could hamper the investigation.The security services went to the newspaper’s printing press on 20 August and confiscated all the copies of the latest issue because of the publication of comments by the interior minister about the discovery of explosives in the previous day’s issue.Al-Rai Al-Shaab columnist Kamal Omer reported that the next day the security services conditioned the newspaper’s publication on the withdrawal of several articles. When the editorial staff refused to comply, the entire issue was again seized, at a heavy financial loss for the newspaper. Since then, it has not been able to appear.The five other Arabic-language newspapers to have been censored during the past few days are Al-Soudani, Al-Sahafa, Al-Ayam, Al-Rai Al-Ayam and Hikyat. The security services have been visiting them every morning and demanding the suppression of certain articles. Follow the news on Sudan March 29, 2020 Find out morelast_img read more

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Judge dismisses charges against 6 hair stylists at protest

first_img Pinterest WhatsApp Facebook Twitter TAGS  Local NewsBusinessUS News Facebook By Digital AIM Web Support – February 8, 2021 center_img WhatsApp FILE – A hairstylist gives a man a free haircut at the State Capitol during a rally as the Michigan State Police watch in Lansing, Mich., Wednesday, May 20, 2020. A judge dismissed disorderly conduct charges Monday against six hair stylists who were ticketed last spring during a protest at the Michigan Capitol. The women were cutting hair to protest Gov. Gretchen Whitmer’s decision to keep barbershops and salons closed for nearly three months because of the coronavirus pandemic. Judge dismisses charges against 6 hair stylists at protest Previous articleThe Latest: Miss. says out-of-staters showing up for vaccineNext articleWinning numbers drawn in ‘All or Nothing Evening’ game Digital AIM Web Support Pinterest Twitterlast_img read more

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Fed Reports Household Wealth Rose to $85 Trillion in Q1

first_img  Print This Post Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Sign up for DS News Daily in Daily Dose, Featured, Market Studies, News Federal Reserve Household Wealth Housing Market 2015-06-11 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago June 11, 2015 1,016 Views Subscribe About Author: Xhevrije West Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. center_img Increases in home prices and the stock market pushed household wealth to nearly $85 trillion for the first quarter of 2015, according to the Federal Reserve’s statistical release titled “Financial Accounts of the United States” released Thursday.The net worth of households and nonprofits rose increased by $1.63 trillion to $84.9 trillion during the first quarter of 2015. Meanwhile, the value of directly and indirectly held corporate equities increased $487 billion and home values rose $503 billion.Stocks and pension-fund holdings values increased by $1.07 trillion in the first quarter among Americans and non-profit groups, the Fed report says. The Standard & Poor’s 500 Index experienced an increase of 0.4 percent for the first quarter. The index is already up 1.8 percent to begin the second quarter as of yesterday.Household real estate assets increased by $472.5 billion, according to the data. While owners’ equity as a share of total household real estate holdings increased to 55.6 percent last quarter.Americans appear to be keeping borrowing to a minimum and evading debt as the report noted that household borrowing was at its lowest rate since the end of 2013. Household debt increased at an annual rate of 2.2 percent in the first quarter of 2015 totaling $13.6 trillion.Recent mortgage rate and home price increases have many Americans saving the wealth for themselves and being cautious of an ever-changing housing market.In response to the positive Bureau of Labor Statistics (BLS) employment data released on Monday, the 30-year fixed-rate mortgage rose above four percent this week for the first time since November 2014. Freddie Mac’s Primary Mortgage Market Survey (PMMS), revealed today that the average fixed mortgage rates averaged 4.02 percent for the week ending June 11, 2015.”Mortgage rates rose above 4 percent for the first time since November 2014 as Treasury yields surged,” said Len Kiefer, deputy chief economist at Freddie Mac. “Markets are responding to strong employment data. In May, the U.S. economy added 280,000 jobs. Moreover, job openings surged to 5.4 million in April, up over 20 percent from a year ago.”Last week, CoreLogic, Inc. released its April 2015 Home Price Index (HPI), which showed that home prices nationwide, including distressed sales, increased by 6.8 percent in April 2015 compared with April 2014. Month-to-month home prices also increased by 2.3 percent compared with March 2015.These rises will mark 38 months of consecutive year-over-year increases in home prices nationally, according to the index. Home prices increased by 2.7 percent from last year, and 30 states plus the District of Columbia were at or within 10 percent of their peak prices in April.”Old fashion supply and demand, fueled by historically low mortgage rates and improving consumer finances and confidence, continue to push home prices up,” said Anand Nallathambi, president and CEO of CoreLogic. “We expect continued price appreciation throughout 2015 and into next year. Over the longer term, household formation, up by more than one million over the past year alone, will drive down vacancy rates and create tighter housing markets in many metropolitan areas. This should provide the necessary underpinning for rising prices for the foreseeable future.Click here to view the Federal Reserve’s Statistical Release. Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: HUD Secretary Castro Touts Success of Department’s Programs at Congressional Hearing Next: REO Share’s Continued Decline Indicates a ‘Healing’ Market Related Articles Tagged with: Federal Reserve Household Wealth Housing Market Fed Reports Household Wealth Rose to $85 Trillion in Q1 Home / Daily Dose / Fed Reports Household Wealth Rose to $85 Trillion in Q1 Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

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Housing Starts and Permits Post Monthly Decline

first_img in Daily Dose, Featured, Journal, Market Studies, News Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The latest report on new residential construction from the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau found that housing starts dropped in April 2021, hitting 1.57 million units, down 9.5% from March, but is 67.3% above the April 2020 rate of 938,000.”Overall, April’s dip in housing starts isn’t all that surprising given the shortages in lumber and labor that are hitting the country,” said LendingTree’s Chief Economist Tendayi Kapfidze. “While these issues present a notable challenge, both builder sentiment and demand for new homes remain strong, suggesting the housing market won’t go belly-up anytime soon. It is difficult to say with any certainty what the future will bring for builder confidence. In the coming months, material cost issues, as well as problems related to labor shortages will likely remain the major concerns for builders across the country. While these issues have the potential to hamper builder confidence, if rates remain low and consumer demand for new housing continues to remain strong, builder confidence will probably remain strong as well.”In terms of home sales, Redfin has found that a record $2.53 trillion worth of home sales will transact in America in 2021—a 17% year-over-year gain and the largest annual increase in percentage terms since 2013.Single‐family housing starts in April were at a rate of 1,087,000, 13.4% below the revised March figure of 1,255,000. The April rate for units in buildings with five units or more was 470,000.Low rates and strong demand continue to drive the market, as overall permits increased 0.3% to a 1.76 million unit annualized rate in April, while single-family permits decreased 3.8% to a 1.15 million unit rate. Multifamily permits increased 8.9% to a 611,000 pace. Regionally, permits were 8.4% higher in the Northeast, 9.9% lower in the Midwest, 3.9% higher in the South, and 4.1% lower in the West.“Overall, a soft report reflecting an industry trying to keep pace with demand but facing strong headwinds,” said First American Deputy Chief Economist Odeta Kushi. “For a bright spot, building permits, a leading indicator of future starts, remain strong. The number of single-family homes permitted, but not started increased to 131,000 units–47% higher than a year ago. This means more construction is in the pipeline.”A recent analysis from the National Association of Home Builders (NAHB) found that the price of lumber has tripled over the past year, forcing the price of a new single-family home to rise $35,872 on average.“Housing starts and permits posted a monthly decline in April, as escalating prices for lumber and other building materials price out some home buyers from an otherwise hot housing market,” said NAHB Chairman Chuck Fowke. “Policymakers need to prioritize the U.S. supply chain for items like building materials to ensure builders can add the additional inventory the housing market desperately needs.”  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Housing Starts and Permits Post Monthly Decline Home / Daily Dose / Housing Starts and Permits Post Monthly Decline The Best Markets For Residential Property Investors 2 days ago Previous: Diaz Anselmo & Associates, P.A. Names New Managing Attorney Next: Younger Millennials’ Homebuying Habits Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Chuck Fowke First American LendingTree National Association of Home Builders (NAHB) Odeta Kushi Redfin tendayi kapfidze U.S. Census Bureau U.S. Department of Housing and Urban Development (HUD) 2021-05-18 Eric C. Peck Servicers Navigate the Post-Pandemic World 2 days ago About Author: Eric C. Peck Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. 12 days ago 568 Views Share Save Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Chuck Fowke First American LendingTree National Association of Home Builders (NAHB) Odeta Kushi Redfin tendayi kapfidze U.S. Census Bureau U.S. Department of Housing and Urban Development (HUD) Subscribelast_img read more

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