Forsythkid's Blog

General commentary from the heart of the US

Archive for the ‘Business’ Category

New homes sales plummet in May 2010

Posted by forsythkid on June 23, 2010

While it may come as no surprise to those in the business of selling homes. May 2010 saw the lowest number of new home sales yet. New home sales declined 32.7% to a seasonally adjusted annual rate of 300,000 last month, down from an downwardly revised 446,000 in April, the Commerce Department reported Wednesday. Sales year-over-year fell 18.3%.

This is the slowest sales pace since the Commerce Department began tracking data in 1963. The prior record was set in September 1981, when new homes sold at an annual rate of 338,000.

“We expected a slowdown, but the extent of this decline was a surprise,” said Anika Khan, an economist at Wells Fargo. The figure was even worse than her relatively pessimistic forecast of an annual rate of 380,000 in May.

Khan expects home sales to remain depressed through the third quarter as home construction continues to contract and lending standards remain tight. But, she said, sales will hopefully pick up some in the fourth quarter.

Posted in Business, Real Estate | Tagged: , , | Leave a Comment »

The North Powersite Sewer Project

Posted by forsythkid on April 15, 2010

The Powersite sewer project will affect about 385 existing commercial and residential structures within and neighboring the Valley View Village and Powersite Subdivisions located approximately one mile southeast of Forsyth, Missouri.

The project owner is the Taney County Regional Sewer DistrictGreat River Engineering has been retained by the District to plan and design the project and to provide engineering services during construction. On their website for this project, you can signup to obtain notifications as to the progress of the installation of this new sewer system. If you have questions or concerns, there is also a place to email the Great River Engineering group with questions. I just sent one in myself on hearing rumors to the effect that some residents may have to have sewage grinder pumps installed at their locations. This would, no doubt, increase costs and maintenance fees for some residents if true.

According to my best sources, this project is currently in the surveying phase and once a bid is accepted will move into the implementation phase in late 2010 or early 2011. My question is how much will this project affect economically those who may be on fixed incomes or unemployed due to current problems with the National economy?

I’ll post any news here at Forsythkid.com as I get it.

Posted in Business, Danomanno, Events, Infrastructure | Tagged: , , , , , , , , , | Leave a Comment »

Restaurants in Forsyth Missouri Map

Posted by forsythkid on December 21, 2009

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Forsyth Missouri Oil Change, A Review

Posted by forsythkid on December 17, 2009

Posted in Business, Events | Tagged: , , , | 3 Comments »