yeah.....prime don't know nuttin', right?
In California, West Nile deaths highest in nearly a decade
There have been 752 cases of West Nile Virus reported in California so far this year. That's more than three times the average number of annual cases ...
That puts the index just short of September's reading of 59, which was the highest level since November 2005, shortly before the housing bubble burst. Readings above 50 indicate more builders view sales conditions as good rather than poor.
Optimism is rising even during a period in which housing sales have had some trouble gaining traction.
Price increases have cut into affordability for would-be buyers, limiting sales growth for new homes and cutting into sales for existing homes. On average last year, home prices rose at roughly six times the pace of wages, which limited the benefits of historically low mortgage rates.
Even though home price growth has moderated in recent months, prices continue to rise at more than double the annual increase in wages.
Economists believe affordability will worsen further unless there is a significant rebound in wage growth.
Russia’s bombers to conduct regular patrols, ranging from the Arctic to the Gulf of Mexico
November 12, 2014
In a show of military muscle amid tensions with the West, Russia will send long-range strategic bombers on regular patrol missions across the globe, from the Arctic Ocean to the Gulf of Mexico, a top official said Wednesday.
uh....like, we don't remember what hotel it's supposed to be at, man.....
Marijuana-Only Investment Fund Creates Bob Marley Pot
Businessweek - 1 hour ago
Privateer Holdings Inc., a private-equity firm that invests exclusively in marijuana businesses, is creating a line of Bob Marley-inspired cannabis products as more states legalize the drug.
Casino giant will lay off 700 employees
About 200 of those layoffs will be at high-profile Las Vegas properties. The company owns Horseshoe Casino and Louisiana Downs in Bossier City.
well, the Cap'n is back and ready to load up on more easy money!
must be gettin ready to double here any day now, eh Cap'n?
and their potato supplier just got approval for commercial use of genetically engineered spuds
Fourth Quarter Financial Highlights (preliminary and unaudited):
• FY 2014's fourth-quarter total revenues of $1.35 billion and 1,807 units increased 29% in dollars and 22% in units, compared to FY 2013's fourth-quarter results of $1.04 billion and 1,485 units. The average price of homes delivered was $747,000, compared to $732,000 in FY 2014's third quarter and $703,000 in FY 2013's fourth quarter.
• FY 2014's fourth-quarter net signed contracts of $970.2 million and 1,282 units rose 16% in dollars and 10% in units, compared to FY 2013's fourth-quarter net signed contracts of $839.0 million and 1,163 units. The average price per unit of net contracts signed in FY 2014's fourth quarter was $757,000, compared to $717,000 in FY 2014's third quarter and $721,000 in FY 2013's fourth quarter. On a per-community basis, FY 2014's fourth-quarter net signed contracts were 5.01, compared to fourth-quarter totals of 5.17 in FY 2013, 4.86 in FY 2012, 3.04 in FY 2011 and 2.94 in FY 2010.
• The Company ended FY 2014 with a backlog of approximately $2.72 billion and 3,679 units, an increase of 3% in dollars and even in units, compared to FY 2013's year-end backlog of $2.63 billion and 3,679 units. The average price of units in FY 2014's fourth-quarter-end backlog was $739,000, compared to $737,000 at FY 2014's third-quarter end and $715,000 at FY 2013's fourth-quarter end.
Douglas C. Yearley, Jr., Toll Brothers' chief executive officer, stated: "For the first time in four quarters, our contracts were up in both dollars and units compared to the prior year's same period. We also saw solid growth in our traffic and deposits. We are pleased with our strong finish to FY 2014 and, given the fourth quarter's improvement in demand, begin FY 2015 with optimism."
Toll Brothers' financial highlights for the fiscal year and fourth quarter ended October 31, 2014 (preliminary and unaudited):
• FY 2014's home building revenues of $3.91 billion and 5,397 units increased 46%
uh....I have an idea....instead of using all this Chinese financial mathematics to raise the share price, why not find more ways to actually, truly, genuinely SERVE THE CUSTOMER? put the customer's needs ahead of your own, focus on the customer's needs instead of the balance sheet, PAY the employees with money instead of recognition....make EVERY employee of the company, including (especially!) all levels of management go back and re-read (first time read for most, I'll bet) "The Secrets of Closing the Sale".....honest selling and all that......
oh, I forgot, those old notions are for a day long gone
now days instead of "my word is my bond" it's "sosueme"
instead of the straight forward approach, it's the serpent slithering amongst the rocks that wins management's favor
Sears (SHLD) Stock Higher Today as it Looks to Create REIT to Raise Cash
TheStreet - 1 hour ago
NEW YORK (TheStreet) -- Shares of Sears Holding Corp. (SHLD) are up 23.05% to $40.20 in pre-market trading after it was reported that the troubled retailer said it was exploring the conversion of 200-300 stores to a real estate investment trust (REIT) and ...
that's just GOTTA be good for a recovery in housing, eh?
AP survey: China slowdown to bruise global economy
Chron - 6 hours ago
FILE - In this Oct. 21, 2014 file photo, a worker dressed an emperor costume to attract customers as he stands outside a shop selling souvenirs at the Wangfujing shopping district in Beijing, China.