Apartment Vacancies Rise To 7.8%

WSJ.com: What's News US, Wall Street Journal
Mon, 10/05/2009 - 9:13pm

Apartment vacancies in the U.S. rose to 7.8%, a 23-year high, as unemployment hurt demand in the usually busy summer period.

Sections: news business

Unemployment falls to 7.5%; job creation solid in April
The job market plugged along steadily, and unemployment fell in April, according to new data out Friday, suggesting that the U.S. economy is still expanding. The nation added 165,000 jobs in April as the unemployment rate fell to 7.5 percent, from 7.6 percent in March, the Labor Department said on Friday. More
Five Dead in Apartment Shooting Near Seattle
Gunfire at an apartment complex left five people dead, including a suspect who was shot by arriving officers and a man and a woman in separate apartments. More
US housing starts surpass 1 million in March
U.S. builders broke ground in March on homes as a seasonally adjusted rate of 1.04 million — the fastest pace in nearly five years — on a surge in apartment construction. The gain signals further strength in the housing market ahead of the spring-buying season. More
Recent summer heat waves unprecedented, study says
The summer heat waves over the past decade that killed thousands of people in Europe, scorched the Russian wheat crop, and sent Greenland's glaciers galloping to the sea are without parallel since at least 1400, according to a new study. More
Jobless claims at four-month high, cast shadow over labor market
The number of Americans filing new claims for unemployment benefits rose to its highest level in four months last week, suggesting the labor market recovery lost some steam in March. More

BING NEWS:

Bank of Hawaii Corporation (NYSE:BOH) Q1 2024 Earnings Call Transcript
Operator: Good day, and thank you for standing by. Welcome to the Bank of Hawaii Corporation First Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode.
04/23/2024 - 1:22 am | View Link
With one SLC skyscraper stuck, developer turns to converting an office tower into apartments
At 25 stories, the tower will be renamed Seraph, a luxury living community remodeled for quality and sustainability and located near City Creek Center, a TRAX stop and other urban attractions — ...
04/23/2024 - 1:00 am | View Link
Are Reno-Sparks apartments overbuilt? Plus most and least expensive areas to rent
With thousands of apartment units in the pipeline, industry watchers are keeping an eye on how they will impact average rent and vacancies.
04/22/2024 - 12:02 am | View Link
Mayor Bass’ ambitious housing program calls on L.A.’s wealthy. Can she pull it off?
Philanthropic and real estate leaders react with hope and skepticism to Mayor Karen Bass' plan to use outside donations to buy real estate.
04/20/2024 - 11:00 pm | View Link
Banks Believe They Are Well-Prepared for Commercial Real Estate Fallout
A jump in actual charge-offs might allow banks to draw down those office-reserve levels, reassuring investors that the worst is behind them. For now, though, banks are mostly keeping office-loan ...
04/19/2024 - 12:00 am | View Link
More