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Tuesday, June 26, 2018   /   by Scott Shine

Housing, economic outlook remain steady in second quarter

WASHINGTON (National Association of Realtors) – Three-fourths of Americans believe now is a good time to sell a house, says the National Association of Realtors' (NAR) latest Housing Opportunities and Market Experience (HOME) survey.

Around 68 percent of Americans believe it's a good time to buy a house.  Optimism is higher among older buyers (65 or over) and those living in the South (73 percent) and Midwest (71 percent).

According to NAR, affordability and low inventory are eroding buyer confidence. A near high of 58 percent of households believe that the economy is improving—slightly down from 60 percent last quarter but up from 54 percent last year. People in rural areas are more likely to view the economy as improving (63 percent) than in urban areas (51 percent).

The HOME survey’s monthly Personal Financial Outlook Index, showing respondents’ confidence that their financial situation will be better in six months, dropped slightly from 63. ...

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Tuesday, June 26, 2018   /   by Scott Shine

U.S. new-home sales hit second-highest level since recession

WASHINGTON (National Association of Home Builders) – New-home sales rose 6.7 percent in May to a seasonally adjusted annual rate of 689,000 units after a downwardly revised April report, according to data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

This is the second-highest sales report since the Great Recession. Last month, new-home inventory was 299,000—a 5.2-month supply. The median sales price was $313,000.

Regionally, new-home sales rose 17.9 percent in the South.

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Wednesday, May 30, 2018   /   by Scott Shine

McLane Launches Veterans' Warriors to Wheels to Temple

TEMPLE – May 29, 2018 - McLane Company Inc., a leading supply chain services company providing grocery and foodservice supply chain solutions, launched a Registered Driver Apprenticeship Program featuring a veteran initiative, Warriors to Wheels.

The Warriors to Wheels program is GI Bill approved and is a Registered Driver Apprenticeship with the Department of Labor. It is designed to attract and provide military veterans an “earn while you learn” training model that utilizes their military training experience to move into a career in transportation.

McLane offers careers that don’t require drivers to be away from their families for extended periods of time. Delivery drivers run 1-2-day routes, with over 80 distribution centers nationwide.

McLane’s Driver Apprenticeship Program is open to anyone, not just veterans. However, military veterans who are eligible for GI Bill benefits can receive their GI Bill housing allowance while earning a wage a ...

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Wednesday, May 30, 2018   /   by Scott Shine

Rail-served $16M facility to Temple Industrial Park

TEMPLE – May 29, 2018 - Lane Enterprises will undertake a $16.3 million capital investment for a new manufacturing facility.

Lane will build on a rail-served 21-acre site in the Temple Industrial Park and will create 21 new jobs with a $1.2 million average annual payroll. The Temple facility will produce High Density Polyethylene Pipe and corrugated metal pipe.

Lane Enterprises is a full-line manufacturer of corrugated metal and plastic drainage products.

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Thursday, April 19, 2018   /   by Scott Shine

Killeen Texas has nearly closed the black and white homeownership gap

David Michael Jones can't resist describing the house he bought a year ago in a suburb of Killeen, Texas — it's 2,800 square feet, set up on a hill, with a formal dining room and an enormous master bedroom that includes a bathroom big enough to do cartwheels in.

"To me, I'm on top of the world," says Jones, 68, a reverend and father of nine. "It's my world, but I'm on top of it."

Jones credits his ability to buy such an ideal abode, in large part, to his long career with the military. He retired with a full pension and disability benefits that total about $70,000 a year, and obtained special home loan financing through the Veterans Administration in a place where houses are plentiful and affordable. And as a fully disabled veteran in Texas — resulting from his post-traumatic stress disorder, diabetes and hypertension — he doesn't have to pay property taxes either.

Jones' path to real estate bliss is far from the norm for African Americans.

Fifty years ...

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