Profits expected for aviation industry IATA

first_imgThere is cautious optimism ahead for the aviation industry as the International Air Transport Association forecast yesterday a return to profit for airlines.Speaking at the association’s annual general assembly in Berlin yesterday, IATA director general Giovanni Bisignani upgraded IATA’s global industry forecast to a full year profit of 2.5 billion dollars, representing a profit for airlines since 2007.He said global traffic was back to pre-recession levels with load factors nearing 80 percent while the bottom line was improving.“Asia-Pacific is powering the upturn with $2.2 billion in profit. North American carriers will move into the black at $1.9 billion. “Latin American airlines will return $900 million, the only region with two consecutive profitable years. Middle Eastern and African carriers will each deliver profits of $100 million.However, Bisignani noted that not all regions were recovering equally, with a $2.8 billion loss expected to keep Europe in the red.He also stressed that with a margin of 0.5 percent, the upgrade would only be reason for a “modest” celebration.There will also be risks associated with an upturn, he said.Risks will include excess capacity, unrealistic salary expectations from pilots and crew, tax increases as well as oil price volatility. “From $40 per barrel in 2009, crude almost hit $90 per barrel earlier this year. Hedging is critical for our business, but speculators are making huge profits.“Governments must protect the economy from irresponsible profiteering.” <a href=”” target=”_blank”><img src=”;cb=INSERT_RANDOM_NUMBER_HERE&amp;n=a5c63036″ border=”0″ alt=””></a> Source = e-Travel Blackboard: J.Llast_img read more

New terminal plans for Tullamarine

first_imgSource = e-Travel Blackboard: M.H Discussions over the establishment of a new low-cost terminal at the southern end of Melbourne airport are currently underway between Jetstar and Tiger Airways and the airport’s owner Australia Pacific Airports Corp. According to the Australian, the new “T5” terminal would allow Jetstar to move from its current base at the main terminal, providing Qantas and its passengers with much needed space. As well as easing bottlenecks for Qantas departures, the relocation of Jetstar would help improve overall check-in and security procedures, the newspaper reported. Although Jetstar and Tiger have refused to comment on the airport’s redevelopment plans, Tiger Airways managing director Crawford Rix has confirmed that the airline wants more space at Tullamarine.”That is a challenge for us for finding ways of getting acceptable space at Tullamarine,” Mr Rix said, adding that Tiger was not wedded to Melbourne as its home base.”If we don’t drive the traffic through here, we will drive it through somewhere else,” he said. The budget carrier currently operates from the low-cost T4 terminal and has restrictions on the number of aircraft it is allowed in the area, the newspaper reported. According to the Australian, the new multi-million-dollar terminal would also be able to house retail facilities, which T4 cannot currently do.  Although the low-cost carrier also now operates out of Avalon Airport, near Geelong, Mr Rix has ruled out moving Tiger’s Victorian base to Avalon.last_img read more

United Dreamliners to resume flights

first_imgUnited Airlines has announced it will reintroduce its Boeing 787 Dreamliner flights this month, despite US airline and passenger safety groups demanding the government limit flights on the new jet.The aircraft was grounded in January this year due to battery faults, however, less than a month after completing successful test flights with a redesigned pack, United says its ready for it is 787s to resume domestic and international services.Refitting two of six of its Dreamliner fleet with new US Federal Aviation Administration (FAA) approved batteries, United has scheduled the two aircraft to resume flights on 20 May on routes from Houston to other domestic hubs as well as its Denver-Tokyo routes from 10 June.  “The Dreamliner is poised to fly the missions we planned and provide our customers with the features and reliability they want on their long-haul flights,” United chief operations officer Pete McDonald said.Although United and All Nippon Airways stand by the aircraft’s safety, and the Aviation Consumer Action Project are petitioning the FAA and the Department of Transportation (DOT) implement a two hour limit on how far the plane can fly from the nearest airport.According to the groups, limiting the 787 to flights within two hours of the nearest airport would ban 787 trans-Pacific flights, flights over the North Pole, while flights between the U.S. and Europe over the north Atlantic and flights over land would not be affected by a two-hour limit.”Our proposed actions are both urgent and necessary,” leader of both organisations, Paul Hudson explained.”The 787 lithium ion batteries have a long history of overheating, catching fire, even exploding. “This could easily bring down an airliner, especially if it was not within easy reach of an airport for an emergency landing.”Source = e-Travel Blackboard: NJ United confident customers will welcome the aircraft back. Image: United Airlineslast_img read more

Surfing at sea cruisers want to be online

first_imgCopyright CruiseAwaySurfing at sea: cruisers want to be onlineFewer and fewer Australians do without internet while on holiday – even aboard cruise ships. These are the results of a survey conducted by one of Australia’s leading cruise portal CruiseAway.Almost half of the (approx.) 1,400 respondents expressed a great emphasis regarding wireless on board – at best, free of charge.Unfortunately, desire and reality differ widely here. Rarely a ship has internet for free and the connection is relatively slow. For guests, the use is often extremely costly.WIFI on board as expected46 percent of survey respondents indicated that they feel it is very important to have access to internet while on board. More than a quarter feel this service is a given. 16 percent marked this service as of less value, while only 13 percent state it is not important at all.In fact, an Internet access on cruise ships is now standard – but the data transmission is often slow. By its own account, the fastest network at sea is the shipping company Royal Caribbean Cruises.Charge threshold of pain at ten euros per dayClear result in cost limit: Eight out of ten participants generally desire free internet use on board. Nearly 20 percent were willing to pay up to fifteen Dollars a day for access.This is where one reaches their pain threshold: for less than one percent, spending any more money is not acceptable. In regards to a billing model, almost half of the respondents would prefer a weekly rate, and 36 percent want a daily flat rate. The billing per minute packages has the lowest support, only 20 percent favor this model.However, the luxury of free internet is currently unavailable on most ships: Only Hurtigruten and Regent Seven Seas offer free Wi-Fi at present – several shipping companies wish to follow in 2016.Passengers travel far away from reality pricing when on board: The cheapest flat day rates are for the equivalent of about 20 Australian Dollars (AUD) on board the ships of the OASIS and Quantum class of Royal Caribbean Cruises.For the majority of shipping companies, passengers can purchase minute or data packets: MSC Cruises charge 19 AUD per hour. Guests of Celebrity Cruises and Disney Cruise Line can surf for about 45 AUD per hour, while Norwegian Cruise Lines charge just under $55. The larger the minute package is, the cheaper the price per minute. On Costa Cruise ships, there are data packets starting at 250 MB for 40 AUD. Normally, a fee-for- minutes will be offered; however, this may seem relatively expensive to guests who regularly pay between a dollar to a dollar and a half.Cruisers want to be informed on the water83 percent of participants agreed that the most popular internet activity on board is sending and receiving private messages and mails.First place is followed by the consumption of current news in the many options of online activities: Nearly half of the respondents would like to be informed about world events while cruising.Work emails are the third most popular online activity. 22 percent, which is relatively low, is the proportion who would post pictures of their sea voyage on social networks. Only five percent of cruisers are interested in downloading music and movies and video games.Internet Availability prefer anywhere on the shipAlmost 60 percent of passengers on board ships would like to have access to the internet everywhere on board – including their own cabin. Seven percent would like Wi-Fi throughout the public areas of the ship. One-third of internet is accessible in designated wireless areas.Again, the offer remains partly under the cruise guest’s expectations. Usually internet is available in most public areas, but with some packages it is only in special internet areas. Internet is available in cabins on board MSC Cruises, Norwegian Cruise Line, Costa Cruises, Royal Caribbean Cruises, and most luxury ships. CruiseAwaySource = CruiseAwaylast_img read more

Tourism Export Council NZ supports Choose Clean Water Tour

first_imgThe Tourism Export Council New Zealand (TECNZ) is pleased to confirm both political and financial support to the tune of NZ$10,000 to the Choose Clean Water Tour in January 2016. A significant motivation for visitors choosing destination New Zealand is our clean & green image and TECNZ want to ensure that reputation lasts for generations to come.We believe water quality to be the single greatest challenge to maintaining New Zealand’s environmental promise and see this tour as an opportunity to raise awareness among tour operators and mainstream New Zealand re the quality of our water.Massey University’s Dr Mike Joy recently challenged the tourism industry to stand up and do more to protect the environment. TECNZ surveyed members, received a mandate to do more and invited Joy to speak at their tourism conference to hear some truths about New Zealand waterways.Joy shocked operators with an analysis of our freshwater status, how it is likely to worsen if policy changes are not made and the ways in which water quality have been changed by government to give the appearance we are better than we are.President of the Tourism Export Council Martin Horgan, says “a range of projects were considered but in the end they agreed the Choose Clean Water Tour project was likely to have the most impact with some clear outcomes. The motivation for New Zealand to live up to our environmental promise is twofold.“First from a sustainable point of view for future generations, but also from a commercial perspective. Our clean green image has worked as a marketing promise in the past, but if we don’t do more to actively live up to it, in 50-100 years’ time, there won’t be anything to market.”Joy who recommended the project says, “I commend the Tourism Export Council and their members for choosing to walk the talk, supporting the initiative. I talk at many conferences trying to educate and stimulate actions and it is heartening to have the tourism industry want to share the responsibility re the protection of our waterways.“The tourism industry are direct beneficiaries of New Zealand’s clean green image and we welcome their contribution politically to the discussion and actions”.The Choose Clean Water Tour will see four young campaigners visit over 25 lakes and rivers around the country to document through short films, how the continuing pollution of waterways is affecting local people and the environment.At a time when freshwater legislation is under review, the group will also provide the public an opportunity to push for stronger protection through a petition calling for the minimum standard for waterways to be raised from ‘wadeable’ as it is currently to ‘swimmable’, and to establish that the priority for freshwater legislation must be the health of people and the environment.The tour website allows the public to share their own stories about a local lake, river or stream and contribute to a national picture of the importance of waterways to New Zealanders.The Choose Clean Water Tour will begin in Taupo on 10 January and run until 06 Feburary 2016. It is also supported by the Freshwater Foundation and Freshwater for Life. More details hereSource = Tourism Export Council New Zealandlast_img read more

5 healthy travel trends for the new year

first_imgThe New Year is a time when people announce resolutions and work to create new habits. However, out of the 45 percent of the population that is estimated to make them, only around 8 percent actually achieve them.Even within the business travel world, there are plenty of resolutions and trends that people will set, as they make their way around the country and world in the name of business. There are some emerging trends for the New Year that will help keep travelers healthy as well as happy.“Anytime we can maintain healthy habits while traveling, we are doing great,” explains Jayne McAllister, of Jayne McAllister Travel Wellness.“Traveling can be demanding for anyone who is even remotely health conscious, but times are changing as indicated by exciting new trends that facilitate keeping a healthy mind and body on the road.”Here are 5 healthy travel trends for the New Year: Meditation is going mainstream. From Deepak Chopra’s website to the Harvard Business Review, meditation for corporate executives is becoming more common. Many companies are bringing in meditation specialists to teach their executives how to focus, think more clearly and make better, more profitable decisions. Meditation works especially well for business travelers, who are subject to more stress than non-traveling, as it can be practiced anywhere, including on airplanes and in hotel rooms. Apps are available to guide neophytes through the process of meditating (see With flight delays or other curveballs that are often thrown at the frequent traveler, the passenger can retreat into a meditation rather than an airport bar or their laptop. Per the Harvard report, the results of a sustained meditation practice are increased resilience, emotional intelligence, creativity, focus and improved relationships. Health Oriented Hotels. It used to be that you stayed in a hotel that boasted a mediocre workout room down the end of a dark corridor and a restaurant with one menu item highlighted as heart healthy. Business travelers now have true wellness options in the shape of hotels whose brand is geared toward the health-conscious traveler. IHG’s EVEN Hotels has been going strong in the mid-price range for a couple of years now. At the luxury end of the market, famed gym brand Equinox is entering the hospitality business and developing its first hotel in Manhattan which is due to open in 2018. The property will include a 60,000 square foot fitness center. The trend has filtered to mainstream properties, which have amped up their facilities for healthy travel. Westin has long led the way with its WestinWORKOUT rooms, followed by other hospitality groups such as the Trump Hotel Collection’s Trump Wellness signature program. Since 2012, the MGM Grand in Las Vegas has offered dedicated Stay Well rooms, designed by Delos, which include – among other features – an air purification system, aromatherapy, long wave night lighting, and vitamin C-infused showers. Doing Less to Produce More. Doing more doesn’t make you more productive. Presenteeism is becoming the new absenteeism, especially for mobile workforces. For example, a traveling executive might be tired but feels compelled to work on a plane to make good use of time in the air. Or they might travel home on a Sunday and present themselves at the office on Monday, ready for business as usual. In both scenarios, they might have been exhausted but they have gone through the motions of working yet not performing to optimum capacity. Without the right amount of rest, the work completed on the plane may have to be redone, or the employee returning to the office may not be fully present and effective. The best companies are recognizing that traveling employees need time to recover from travel and allow time off or time working from home to do this.“Business travel is always going to be a part of our world, but these trends are making it healthier and less stressful,” adds McAllister. “As employees become healthier and happier on the road, they are usually also more productive.”McAllister has a new book titled “ Mile High & Healthy: The Frequent Traveler’s Roadmap to Eating, Energy, Exercise and a Balanced Life,” where she shares tips and tricks for staying healthy while traveling. The book offers information on eating healthily, exercising on the road, sustaining energy levels, eliminating jet lag, sleeping well, reducing stress, and moreSource = Jayne McAllister Travel Wellnesscenter_img Adding Personal Time to Trips. “Bleisure” is a fast growing trend of combining leisure time with business trips. Nearly half (46 percent) of business travelers add personal days to all or most of their business trips. The major reasons for this trend, as cited in the Bleisure Report 2014, include wanting to explore new cities, to gain cultural experience and knowledge, and to contribute to work/life balance. Three in five business travelers are more likely to take a bleisure trip than they were five years ago. For most companies, the practice of adding leisure time to a business trip is a win-win. Employees are less likely to burn out and are therefore more productive. Work out at the airport.  Passengers are taking advantage of airport down time to get moving to counter the effects of being sedentary and stationary. Many airports now boast walking paths and yoga rooms. In 2016, gyms are joining shops, restaurants and bars as airport concessions thanks to a startup company called AirFit. Facilities will include a state of the art workout room, showers, clothing purchase/rental, and luggage storage. First up is New York John F. Kennedy International Airport, followed by San Francisco International Airport and Seattle-Tacoma International Airport.last_img read more

THAI Holds Meeting with AEROTHAI and AOT

first_imgTHAI Holds Meeting with AEROTHAI and AOT Making Thailand One of the World’s Top Ten Punctual AirportsTHAI Holds Meeting with AEROTHAI and AOT Making Thailand One of the World’s Top Ten Punctual AirportsMrs. Usanee Sangsingkeo (eighth from left), Acting President, Thai Airways International Public Company Limited (THAI), presided over a meeting between THAI, Aeronautical Radio of Thailand, and Airports of Thailand, which was attended by Mrs. Sarinee Sangprasit (seventh from left), AEROTHAI President, and Mr. Nitinai Sirismatthakarn (ninth from left), AOT President. Members of Management from respective organizations participated in the meeting in a joint effort to improve the quality and efficiency of Thailand’s aviation industry, sharing their visions and strategies for further improvements. Most recently, cooperative action was taken regarding on-time performance in accordance with government policy, which resulted in Thailand being ranked one of the World’s Top Ten Punctual Airports ranked by, which ranks the world’s best on-time performance airlines. THAIbook flights hereSource = THAIlast_img read more

Hawaiian Airlines expands New Zealand flights

first_imgHawaiian Airlines expands New Zealand flightsHawaiian Airlines is expanding its New Zealand service with up to five non-stop flights weekly between Auckland and Honolulu starting in March, when the carrier’s increasingly popular route celebrates five years. The greater year-round frequency comes in response to strong demand for the airline’s authentic Hawaiian in-flight hospitality experienced by more than 260,000 passengers since thrice weekly service was launched in 2013.“Our growth in New Zealand underpins our decision to offer Kiwis unmatched value on their Hawai‘i vacation,” said Russell Williss, Hawaiian Airlines country director for New Zealand. “As a destination carrier, we are uniquely positioned to showcase our island home with our authentic and warm hospitality from the moment we welcome guests on board.”Under Hawaiian’s expanded schedule starting March 21, flights will depart Auckland at 11:55 p.m. five times weekly, Wednesday through Sunday, arriving in Honolulu at 9:45 a.m. on the same day and offeringguests ample time to settle into their accommodations, explore O‘ahu, or take a connecting flight to a Neighbor Island or one of Hawaiian’s 11 gateway cities in North America. Flights from Honolulu to Auckland will depart at 2:05 p.m., Tuesday through Saturday, arriving at 10 p.m. the following day.The airline also provides travelers the option of taking a dual-destination vacation with a free stopover in Hawai‘i before connecting to North America or on the return to New Zealand. In 2016, more than 15,000 Hawaiian Airlines’ guests arriving in Honolulu from Auckland continued on to one of the carrier’s 11 gateway U.S. cities or to an island other than O‘ahu.“Our enhanced schedule will offer even greater convenience and flexibility for Kiwi travelers flying to Honolulu and U.S. Mainland cities, as well as more options for inbound travelers visiting New Zealand,” Williss added.In addition to Hawaiian’s growing flight network and award-winning service, guests flying between Hawai‘i and New Zealand will enjoy superior comfort and a host of new amenities. The airline’s wide-body Airbus A330 aircraft offers three relaxing in-flight experiences, including Business Class with fully lie-flat seating,Extra Comfort premium economy and the Main Cabin.Incorporating flowing curves evocative of the winds and the ocean, Hawaiian’s Business Class cabin, introduced to the Auckland route last year, includes 18 leather seats that extend into 180-degree beds at aroomy 20.5 inches wide and 76 inches long. Aligned in a 2-2-2 configuration, the seats are ideally tailored to leisure guests such as couples, families and honeymooners, while offering superior functionality to the business traveler. Guests are treated to luxury amenities, world-class cuisine prepared by Hawai‘i’s leading chefs and access to 100 hours of movies and TV on a 13-inch widescreen tablet.The airline also increased its popular Extra Comfort seating to 68 from 40 seats. Extra Comfort offers five more inches of legroom, priority boarding, complimentary on-demand in-seat entertainment, and apersonal power outlet. Hawaiian’s Main Cabin seats, at 18 inches, the roomiest on the Auckland-Honolulu route, are equipped with high-resolution LCD touch-screen monitors and a personal USB port.Flights in Hawaiian’s increased New Zealand schedule are now available for booking via Hawaiian AirlinesHawaiian®, the world’s most punctual airline as reported by OAG, has led all U.S. carriers in on-time performance for each of the past 13 years (2004-2016) as reported by the U.S. Department of Transportation. Consumer surveys by Condé Nast Traveler and Travel + Leisure have placed Hawaiian among the top of all domestic airlines servingHawai‘i.Now in its 88th year of continuous service, Hawaiian is Hawai‘i’s biggest and longest-serving airline. Hawaiian offers non-stop service to Hawai‘i from more U.S. gateway cities (11) than any other airline, along with service from Japan, South Korea, China, Australia, New Zealand, American Samoa and Tahiti. Hawaiian also provides approximately 170jet flights daily between the Hawaiian Islands, with a total of more than 250 daily flights system-wide.Hawaiian Airlines, Inc. is a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA). Additional information is available at Follow updates on Twitter about Hawaiian (@HawaiianAir) and its special fare offers (@HawaiianFares), and become a fan on its Facebook page (Hawaiian Airlines). For career postings and updates, follow Hawaiian’s LinkedIn page.Source = Hawaiian Airlineslast_img read more

Spring leisure accommodation deal in the Yarra Valley

first_imgBalgownie Estate Vineyard Resort & SpaSpring leisure accommodation deal in the Yarra ValleySpring is here and there is no better place to enjoy the new growth and sunny weather than in the picturesque surrounds of the Yarra Valley.And Balgownie Estate Vineyard Resort & Spa is making this all possible as the award-winning resort has just released a special Spring Leisure Deal for two from only $235.00 per night.The Spring Leisure Deal for two includes:• One night’s accommodation in a one-bedroom spa suite• $50.00 voucher at the onsite restaurant – Rae’s Restaurant• Wine Tasting*Conditions: Not valid with any other offer, mid-week booking only, subject to availability, limited to specified room type only, travel period until November 2018With this deluxe package guests will enjoy the ultimate indulgence as they relax and recoup in the stunning surrounds of the Yarra Valley and neighbouring vineyards.As the only resort in the Yarra Valley that is spa retreat and restaurant – there is plenty to keep guests occupied in one prime location. From exploring the nearby walking trails, a game of giant chess on the Balgownie lawns, a swim in the gym or a hit of tennis there is something for everyone at Balgownie Estate.The onsite restaurant is open seven days a week for breakfast, lunch and dinner offering an indulgent menu using high quality and local produce – the experienced waiters will also recommend which wines best compliment meals.So, whether it is a girlie getaway you are after or a romantic retreat during the beautiful spring season, then look no further than Balgownie Estate Vineyard Resort & Spa.To book contact Balgownie Estate on (03) 9730 0700 or more information visit Source = Balgownie Estate Vineyard Resort & Spalast_img read more

SilkAir offers Daily Flights ex Cairns

first_imgSilkAir offers Daily Flights ex CairnsSilkAir offers Daily Flights ex CairnsSilkAir today celebrated the launch of daily services from Cairns to Singapore, with direct flights increasing from the current five times weekly owing to increasing demand.The expansion to daily services will see the total number of SilkAir seats per week from Cairns to Singapore increase by 40%.The introduction of daily services also coincides with the fourth anniversary of SilkAir flights to Cairns, with the service initially launching on 30 May 2015.Singapore Airlines Regional Vice President South West Pacific, Mr Philip Goh, said the increase was testament to the demand for both inbound and outbound travel to Far North Queensland.“We’ve seen a sustained increase in demand for flights from Cairns to Singapore and beyond, and we’re excited to be able to offer daily services to our customers in northern Queensland,” Mr Goh said.“Since launching our Cairns service four years ago on a circular routing via Darwin three times per week, we’ve grown steadily to daily, thanks to the tremendous support of our customers and partners, Cairns Airport, Tourism and Events Queensland and Tourism Tropical North Queensland.“We look forward to continuing to promote to the world all of the magnificent attractions that Cairns has to offer, as well as providing exceptional service for those in Far North Queensland heading to Singapore and beyond.”An event was held at Cairns Airport this morning as flight MI812 opened for check in, with customers served with refreshments at the Cairns airport boarding gate to mark the occasion.SilkAir’s investment in northern Australia will continue from 06 July 2019 with the introduction of a seventh weekly service from Darwin to Singapore.Source = SilkAirlast_img read more

Saloon travel experience for general public

first_imgThe privately-occupied saloon coach which was till date reserved mainly for railways officials to reach destinations that were not connected via air is now open for general public. The saloon coach with air-conditioned rooms, valet service and attached bathrooms, commenced its journey on March 31, 2018 with six customers of a private tour operating company. The Jammu Mail started from Old Delhi Railway Station.These six passengers are the first ones to experience the saloon travel. These passengers have been booked by Royal India Train Journeys.This luxurious saloon travel experience will cost around INR 2 lakh.Additional facilities of this coach include a living room, two air-conditioned bedrooms with attached bathrooms and a kitchen.There are 336 saloon coaches in total and 62 of them are air-conditioned.The details of the Jammu Mail are available on IRCTC website.last_img read more

October Construction Slips After Strong September

first_imgOctober Construction Slips After Strong September Construction Spending Dodge Data & Analytics Housing Starts New Home Sales 2014-11-24 Tory Barringer in Daily Dose, Data, Featured, News November 24, 2014 420 Views center_img The value of new construction slid back in October after seeing a strong improvement in September, according to newly released figures for the month.Dodge Data & Analytics reported a 4 percent drop in the value of new construction starts last month, estimating groundbreaking at a seasonally adjusted annual rate of $589.8 billion. The figure includes the value of new projects in the residential, commercial, and other segments.The decline followed a 10 percent increase in September, which was the strongest month for total construction starts so far this year.As of October, Dodge’s index of new construction starts measured 125, down from a revised 129 in September and unchanged from the average for the previous quarter.”Recent months have shown an up-and-down pattern for construction starts around what is still a rising trend,” said Robert Murray, chief economist for Dodge Data & Analytics. “The continued growth for residential building in 2014 is being led by multifamily housing, featuring groundbreaking for numerous multifamily high-rises in major cities, while single-family housing remains stalled for now.”Dodge’s numbers compare to the latest from the Census Bureau, which estimates total housing starts in October were at an adjusted annual rate of 1.01 million, down nearly 3 percent from September. The government’s estimates on spending on new projects throughout the month are scheduled for release December 2.The value of residential projects started last month picked up 11 percent from September, coming in at an annual rate of $245.9 billion, according to Dodge’s report. All of that increase came from a boost in multifamily spending, which was up 40 percent following a 20 percent slide in September.On the other hand, single-family housing was unchanged from its September pace, widening the gap between improvements in the multi- and single-family segments and drawing out the flat pattern that’s been in place since the end of last year.With sales of new homes struggling to see any meaningful lift, builders have slowed down on production for that market. As lending standards slowly loosen, market analysts hope to see a pickup in new building.”Despite very low mortgage rates, with the 30-year fixed rate hovering around 4.0 percent, it still remains difficult for first-time homebuyers to get a mortgage,” Murray said. “On a hopeful note, the latest survey of bank lending officers by the Federal Reserve did show some easing of mortgage lending standards during this year’s third quarter, maintaining the trend towards slight easing that began in the spring.”For October, Dodge reported weaker single-family construction in the Northeast and South Central divisions, which reported drops of 5 percent and 2 percent, respectively. Meanwhile, gains were reported in the West (up 2 percent), and Midwest (up 3 percent). Sharelast_img read more

Consumer Confidence in Housing Market Declines in October

first_img Consumer Confidence Fannie Mae Home Purchase Sentiment Index 2015-11-09 Staff Writer Consumer Confidence in Housing Market Declines in October Consumer confidence in the housing market declined slightly in October, while wages and salaries struggled and kept many from purchasing a home.Fannie Mae’s Home Purchase Sentiment Index (HPSI) fell 0.6 percentage points to 83.2 for the month of October from 83.8 in September as consumers’ volatile outlook on both household income improvement and mortgage interest rates kept housing sentiment relatively flat.According to Fannie Mae, three component questions received net positive responses, while three components received negative responses.The HPSI Household Income component fell in October, with the net share of respondents who say their household income is significantly higher than it was 12 months ago down 4 percentage points to 11 percent.The Good Time to Buy and Good Time to Sell components both decreased in October, which suggests “hesitancy by some consumers to make long-term financial commitments such as buying or selling a home,” Fannie Mae noted. The net share of respondents who say that it is a good time to buy a house fell 2 percentage points to 34 percent, while those who say it is a good time to sell a home fell 6 percentage points to 10 percent in October.“The income growth necessary for renewed momentum in housing market sentiment remains elusive, even though consumers’ confidence in their job security continues to strengthen,” said Doug Duncan, SVP and chief economist at Fannie Mae.Duncan added, “Consumers’ net view on whether their household income has improved over the last year is down once again this month. Some consumers may be hesitant or unwilling to commit to buying or selling a home without seeing meaningful improvement in their wages and salaries. Still, the HPSI remains close to its near all-time high level of the past four years and, given the strong October jobs report, suggests that any cooling in near-term activity, if it occurs, should be moderate.”On the other hand, consumers are not worried about losing their jobs, with the net share of respondents who say they are not concerned with losing their job rising 2 percentage points to 71 percent. This component has risen each month since July.The report also showed that the share of consumers who think mortgage interest rates will go down increased by 4 points to negative 46 percent in October. The net share of respondents who say that home prices will go up rose 2 percentage points to 38 percent.Click here to view the full report. in Daily Dose, Data, Government, Headlines, Market Studies, Newscenter_img November 9, 2015 588 Views Sharelast_img read more

Senate Committee Clears Carson for Full Vote

first_img Share The Senate Banking Committee on Tuesday recommended the nomination of Dr. Ben Carson as the 17th HUD Secretary be sent to the U.S. Senate floor for a full vote.The 65-year-old Carson was announced as President Donald Trump’s pick for HUD Secretary in late November about three weeks after Trump was elected. Carson, a retired neurosurgeon, became a household name in 2015 when he began a campaign to win the Republican presidential nomination as a rival of Donald Trump.“The Senate Banking Committee saw in Dr. Carson the qualifications, ability, and spirit needed to excel in the position of HUD Secretary,” said Five Star Institute President and CEO Ed Delgado, a former executive with Wells Fargo and Freddie Mac. “I trust that a full confirmation of Dr. Carson will be forthcoming and that Congress can begin working with Dr. Carson to solve the problems facing American homeowners today.”Carson was raised in the inner city of Detroit and is passionate about revitalizing urban areas across the country. At the same time, he was considered a curious choice for HUD Secretary because he has never served in a government position and also because he has been critical of the Obama Administration’s final Affirmatively Furthering Fair Housing (AFFH) rule passed in 2015.Dr. Ben Carson“Dr. Carson is not the nominee that I would have chosen. I assume he’s not the nominee that really any of you would have chosen, because I think you all care about housing policy and most of you have some depth of understanding and knowledge of housing policy,” said Sherrod Brown (D-Ohio), Ranking Member of the Senate Banking Committee, in Tuesday’s executive session. “I say that I would not have chosen him because of his lack of experience and his often troubling public statements over the last three years, but despite my reservations, my disagreements with some of his positions, I’ll give Dr. Carson the benefit of the doubt. I plan to vote for him based on commitments he’s made to me in person and made in testimony in written responses to this Committee.”The Hill on Tuesday reported that Senator Elizabeth Warren (D-Massachusetts), after a tough line of questioning for Carson two weeks ago in the Senate Banking Committee confirmation hearing, expressed her support of Carson for the HUD role based on promises Carson made regarding protecting the LGBT community from discrimination in housing, reduce lead exposure in public housing, and not to play favorites when granting public housing contracts, according to the Hill.“In light of these promises, I support Dr. Carson’s nomination, and look forward to working with him to ensure that he follows through on his commitments,” Warren said in a statement, according to the Hill.Senate Banking Committee Chairman Mike Crapo (R-Idaho) read excerpts from some of the 20 letters he said the Committee received in support of Carson, including one from former HUD Secretaries Henry Cisneros and Mel Martinez.“Dr. Carson’s experience will help him navigate and tackle the challenges that HUD currently faces and HUD will benefit from having a Secretary with a different perspective and a diverse background, and I’m excited to support Dr. Carson to become the 17th Secretary of HUD,” Crapo said.Carson calmly answered questions from Senate Banking Committee members about his background and qualifications for the HUD Secretary position in a confirmation hearing that lasted nearly nearly three hours on January 12.“Throughout my life, I have done things that many deemed impossible,” Carson said in his confirmation hearing two weeks ago. “I pledge to work with this Committee and the dedicated career staff at HUD to solve difficult, seemingly obstinate issues and address the needs of those who rely on the services provided by HUD.”Click here to view a webcast of Tuesday’s executive session. January 24, 2017 1,283 Views Share Ben Carson Dr HUD Secretary U.S. Senate 2017-01-24 Seth Welborn Senate Committee Clears Carson for Full Vote in Daily Dose, Government, Headlines, Newslast_img read more

April 08 2019

first_imgApril 08 , 2019 You might also be interested in Robotic apple harvester used for commercial crop i … The April 2019 Market News report also includes information of total U.S. apple holdings by variety and region, an EU stocks report and information on prices and exports.Click here to read the full April 2019 Market News report. The U.S. Apple Association says that fresh apple holdings as of April 1 were 12% lower year-on-year at 51.2 million bushels., with processed holdings 13% down at 20.9 million.The total number of apples in storage on April 1 this year was 72.1 million bushels, 12 percent less than last April’s total of 82.1 million bushels and 4% below the five-year average for that date. center_img NZ now forecasting smaller apple crop than 2018 du … Chinese market apple shortage leads to highest pri … U.S.: Fire at Washington warehouse causes US$8M in … last_img read more

Whittaker played his college ball at the Universit

first_imgWhittaker played his college ball at the University of Texas and ran for 1,233 yards on 263 attempts from 2008 to 2011. His career ended when he suffered a knee injury in a game at Missouri 13 months ago. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Defensive tackle Ricky Lumpkin, who was released Monday, was also signed to the practice squad. Tight end Steve Skelton was released from the practice squad. Former Cardinals kicker Phil Dawson retires Top Stories According to his agent, free agent running back Foswhitt Whittaker has been signed to the Arizona Cardinals practice squad.CONGRATULATIONS to client and former Longhorn @fozzywhitt who was signed to the @azcardinals Practice Squad today!— Jerry M (@1stTeamSG) December 18, 2012 0 Comments   Share   Grace expects Greinke trade to have emotional impact Derrick Hall satisfied with D-backs’ buying and sellinglast_img read more

However the 6foot6 offensive lineman was part o

However, the 6-foot-6 offensive lineman was part of a Cavaliers’ offensive line that blocked for the school’s first 1,000-yard rusher since 2004.If the Cardinals do in fact select Moses in April, he’d become the first left tackle taken by the team in the first round since Levi Brown back in 2007. For diehard football fans who savor the wall-to-wall coverage that annually surrounds the NFL Draft, Christmas has come early.In an ESPN insider piece, analyst Todd McShay revealed his first 2014 Mock Draft this week, and not surprisingly he has the Arizona Cardinals addressing a position of need in the first round.With the No. 22 pick, McShay projects the Cardinals will take Virginia left tackle Morgan Moses.Quarterback is a need position for the Cardinals, but there isn’t one worth drafting at this spot. They’d be better off getting a guy like LSU’s Zach Mettenberger on Day 2. Arizona’s next-biggest need is offensive tackle, and Moses offers good value here. Nobody knows who he is because he was an O-lineman on a bad college team, but he was one of the most improved players I saw on tape this season. He has good physical tools, and he looked so much more comfortable at left tackle in 2013 than he did at right tackle in previous years. He has the potential to develop into a good starting left tackle. Moses started 23 of Virginia’s last 24 games dating back to his junior season, however he’s rather new to left tackle — having made the move to the position just prior to the 2013 campaign. Former Cardinals kicker Phil Dawson retires Top Stories The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo 0 Comments   Share   Derrick Hall satisfied with D-backs’ buying and selling Grace expects Greinke trade to have emotional impact read more

Top Stories

first_img Top Stories – Sunday, August 30 at 5:00 PM (MST) on NBCArizona at Oakland ( Coliseum)– Preseason Week 4 (September 3-4)Arizona at Denver (Sports Authority Field at Mile High)The Cardinals will be squaring off with the Chiefs for the 24th time in the preseason, but for only the second time in Arizona since 1995.The Chargers will be heading to Arizona for their fifth preseason visit since University of Phoenix Stadium opened in 2006, and the game will mark the sixth time in the last nine preseasons the teams have faced off.The Sunday night game in Oakland will be Arizona’s first national TV matchup this season, and it is followed by the Cardinals’ 10th preseason tilt with the Broncos in the past 12 seasons. Derrick Hall satisfied with D-backs’ buying and selling The Arizona Cardinals announced their 2015 preseason schedule, and it has a familiar look to it as they take on the entire AFC West.The dates and opponents are listed below, with times for three of the four games still yet to be determined:– Preseason Week 1 (August 13-17)Kansas City at Arizona (University of Phoenix Stadium)– Preseason Week 2 (August 20-24)San Diego at Arizona (University of Phoenix Stadium) The 5: Takeaways from the Coyotes’ introduction of Alex Meruelocenter_img Grace expects Greinke trade to have emotional impact Comments   Share   Former Cardinals kicker Phil Dawson retireslast_img read more

Top Stories

first_img Top Stories Derrick Hall satisfied with D-backs’ buying and selling It remains to be seen how Keim and the Cardinals will address the issue personnel-wise. Arizona will have the 29th pick in the first round of the draft, and could select a pass rusher there. Many of the players considered elite at the position will be off the board at that point and a lot can change between now and late-April, but Ohio State’s Darron Lee, Georgia’s Leonard Floyd and Eastern Kentucky’s Noah Spence could be available.Free agency is also a possible avenue for Keim to explore. Denver’s Von Miller, Kansas City’s Tamba Hali and Seattle’s Bruce Irvin are among the best edge rushers that could hit the market in February. – / 69 For the most part, Carolina Panthers quarterback Cam Newton had all day to throw the football Sunday.Newton completed 18-of-29 passes for 335 yards and two touchdowns as the Panthers dismantled the Arizona Cardinals 49-15 in the NFC Championship Game at Bank of America Stadium in Charlotte.Arizona managed just one sack, and that came on a play where Newton slipped while trying to escape Cardinals defensive lineman Ed Stinson. Newton was hit just twice in the game. Carolina Panthers’ Cam Newton throws during the second half the NFL football NFC Championship game against the Arizona Cardinals, Sunday, Jan. 24, 2016, in Charlotte, N.C. (AP Photo/Chuck Burton) Grace expects Greinke trade to have emotional impact Former Cardinals kicker Phil Dawson retirescenter_img That lack of pass rush made things very difficult on the secondary, who also did not play well.The architect of the 2015 Cardinals, general manager Steve Keim, says moving forward, improving in that area is a big priority moving into next season.“Create a pass rush,” Keim answered when asked what the biggest need is by Doug and Wolf Monday morning on Arizona Sports 98.7 FM. “I don’t care who it is, whether it’s Cam Newton or Aaron Rodgers, you have to affect the quarterback on a lot of snaps and we weren’t able to do that.“Our back end, I don’t think, played particularly well, but again, you have to give those guys some help as well. I don’t think we created any pressure. We have to get more physical up front and that starts with me. I have to a better job. I will certainly answer the bell and get that started today and try to put a team on the field that all our fans can be proud of.”The Cardinals’ pass rush was mediocre all season long. Arizona ranked 20th in the NFL with 36 sacks — a quarter of which came in a Week 16 win over the Green Bay Packers. They were tied for 10th in the league with 108 quarterback hurries. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Your browser does not support the audio element. Comments   Share   LISTEN: Steve Keim, Cardinals general manager last_img read more

Peterson might be NFLs one true shutdown corner T

first_imgPeterson might be NFL’s one true shutdown cornerThere are a few top-tier corners, but I have to go with Arizona’s Patrick Peterson. The sixth-year corner can play man coverage on any receiver and might be the only true shutdown corner in the league heading into 2016.Darrelle Revis hasn’t been dominant as of late, while Josh Norman and Richard Sherman are good route readers and great at playing zone. But I can’t justify any of these three being ranked ahead of Peterson right now.And finally, Charley Casserly singled out Peterson’s ability to make plays for whatever kind of defense a team employs.Peterson can fit into any defense — and he’s a threat to score after any pickI would go with Patrick Peterson. I think he is the most complete CB. He can press, play man coverage from an off position and can hold his own in a zone scheme. Also, he has the ability to make plays with the ball when gets it.Sherman was named by two of the panelists while Revis got the nomination from one.Peterson is coming off arguably the best season of his career. He was named a first-team All-Pro for a second time after collecting 35 total tackles along with two interceptions and 10 passes defensed. According to ProFootballFocus he allowed more than 50 yards in a game just twice in 2015, surrendering 56 to the Chicago Bears in Week 2 and 52 in the Divisional Round win over the Green Bay Packers. From PFF: Grace expects Greinke trade to have emotional impact Derrick Hall satisfied with D-backs’ buying and selling Considering that he spent a lot of time covering the best receivers in the NFL, that’s a fantastic stat to back up his claim as one of the best CBs in all of football.Whether or not Peterson is the best cornerback in the land is absolutely up for debate, but it is clear that if nothing else his name belongs in the conversation. Top Stories Former Cardinals kicker Phil Dawson retires The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Patrick Peterson walks around during a Cardinals OTA practice. (Photo by Adam Green/Arizona Sports) Comments   Share   For a little bit of reference, there was this.Good times, indeed.At any rate, it’s been a couple of years since that little tiff and by all accounts, both Sherman and Peterson are still among the very best at what they do. But who is the very best?That’s the question some writers tried to answer, and three of the six people polled went with Peterson.First there was Adam Schein, who praised Peterson’s all-around game.Patrick Peterson is the total packageThe best corner in the NFL is Patrick Peterson. The Cardinals’ first-team All-Pro stud is better than Richard Sherman. And Darrelle Revis. And Joe Haden. How do I know? Peterson told me on SiriusXM Radio. And it’s true. When you combine pure coverage, ball skills, playmaking ability, smarts and versatility, nobody’s on his level.Peterson said he thinks he doesn’t get the credit because he doesn’t talk like the other corners. (Well, he talks at least a little bit. But that’s neither here nor there.) His teammate, Pro Bowl defensive lineman Calais Campbell, compared Peterson to Deion Sanders in his prime on my CBS Sports Network show, “Time to Schein,” stressing that Peterson excels in a defense that asks the corner to do a lot.David Carr, meanwhile, noted how Peterson is one of the few players who can essentially erase a receiver from the game plan. Remember a couple of years ago when the NFL world was abuzz over the question of who the NFL’s best cornerback was?Generally, people pointed to the Seattle Seahawks’ Richard Sherman, the Arizona Cardinals’ Patrick Peterson and the the New England Patriots’ Darrelle Revis, with Cleveland’s Joe Haden and a couple others seeing their names mentioned as well.A completely subjective argument, the most fun seemed to be had by Peterson and Sherman, whose “feud” spawned many tweets as well as comments related to the the matter.last_img read more