There Is Some Good News Out There This Thanksgiving Week
CIN Alert for November 22, 2011
As we prepare to enter the holiday season, your CIN editors thought it would be a good time to take a tiny step back from the daily dosage of negative news served up to us all by the major media and recognize that there have been some significantly positive developments recently regarding the US economy. This is by no means meant to minimize the negative impact that this Great Recession has had on the lives of so millions of individuals and businesses. We all know it, we feel it and we see it every day.
However, between media inclination to highlight the negative news of the day, along with the outrageous sound bites offered by some of politicians, we fear that some positive and noteworthy developments get lost in the balance. For example, how many of us recall seeing or hearing about this development last month:
“Permits for housing construction climbed in October, signaling an uptick in optimism among homebuilders. The number of permits for future housing construction jumped to a seasonally adjusted annual rate of 653,000 last month, up 10.9% from the revised rate of 589,000 in September, the Commerce Department said. That was much higher than expected, with economists surveyed by Briefing.com looking for a 603,000 permit rate.
If the glut of foreclosures starts thinning and demand picks up, the jump in permits could translate into a rise in new construction in coming months. As it is, permits and construction have both increased significantly from a year ago. Housing starts are up 16.5% from the same month a year ago, and building permits are up 17.7%.”
Small development, perhaps, but a welcome (positive) news report among the many negative reports on the state of the economy.
We would guess that many people never knew of, or heard about these positive figures. Of course, time will tell if there is a positive trend development. The editors will be watching and reporting to you. CIN editors make a concerted effort to present a balanced collection of news and commentary on each subject that we cover.
CIN is specifically designed to be a reliable information resource for individuals and organizations interested in creating, rejuvenating and maintaining healthy communities in the United States and other countries. We have made this 24/7 resource easy to access and to use for you. For example, if you click on the link for Community Development, you would see this collection of recent news articles:
The Next Mega-Trend in Housing
(Source: Stock Market Review) One pocket of absolute strength in the current housing market is apartment-based REITs. According to Oliver Chang, a housing and securitized products analyst at Morgan Stanley, this trend toward rentals is just getting started.
KC architects work to create affordable green housing
(Kansas City Star) A Kansas City architectural firm is partnering with a local Habitat for Humanity organization to create a new energy-efficient model for the affordable-housing program. Heartland Habitat for Humanity, which works in three Kansas counties and two in Missouri, hopes to break ground next spring on a prototype being developed by El Dorado Inc.
Building permits climb 11%
(Source: CNN) Permits for housing construction climbed in October, signaling an uptick in optimism among homebuilders. The number of permits for future housing construction jumped to a seasonally adjusted annual rate of 653,000 last month, up 10.9% from the revised rate of 589,000 in September, according to the Commerce Department.
TD Bank to Create More Than 1,600 Jobs in South Carolina
(Source: TD Bank) TD Bank has announced that it will expand its corporate operations at the bank’s campus on Interstate 85 in Greenville, SC, creating more than 1,400 new jobs in the next three to five years. TD Bank will also add more than 200 new positions in Lexington, SC.
Farmland prices surge to record; investors grow wary
Source: (Reuters) U.S. farmland prices in the third quarter surged to the highest levels in more than three decades amid an accelerating agricultural boom that has so far defied fears of a bubble about to burst. Prices hit record highs in the plains, where wheat and cattle dominate production, and jumped 25 percent in the Midwest Corn Belt.
Chase Expands Military Banking Benefits to all US Veterans
(Source: JP Morgan Chase) Chase has announced the expansion of its Military Banking checking program to include all U.S. military veterans. Specifically, the premium checking account benefits typically reserved for high-balance are now available to everyone who has served in the U.S. military.
For sure, we are still bombarded every day with negative news of the U.S. and global economies, the prolonged effects of the Great Recession, and news and commentary about jobs, employment and the economy. Still, this Thanksgiving week, there are glimmers of hope in some of the media reports we bring you, however tiny they may be in today’s challenged environment for American families.
CIN is the place where the news — good and not so good, and the bad — will be found. We work hard to present programs and developments which will benefit the single community and all communities in need, as well as numerous “communities of interest” that share the goal of creating or maintaining vibrant hometowns. We urge you to make CIN a daily reference source.
And to all in the land – a Most Happy Thanksgiving. We do have much to be grateful for, even in tough economic times.
- Jerry Jasinowski: Good News For Thanksgiving (huffingtonpost.com)