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Index Reports Modest Gains for Housing Markets in Q4

first_img in Daily Dose, Featured, Market Studies, News About Author: Brian Honea Index Reports Modest Gains for Housing Markets in Q4 Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Tagged with: Employment Home Prices Housing Market NAHB NAHB/LMI Single-Family Housing Permits U.S. Economy Previous: Ocwen CEO Expects Company’s Earnings To Take Q4 Hit After Ratings Downgrade Next: Agency Has Recovered $1.48 Billion In Funds From TARP-Related Crimes The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Index Reports Modest Gains for Housing Markets in Q4 February 5, 2015 1,242 Views The latest National Association of Homebuilders/First American Leading Markets Index (NAHB/LMI) released Thursday found that markets in 63 out of 351 metropolitan areas nationwide (about 18 percent) matched or exceeded their normal levels of economic and housing activity in Q4 2014, according to an announcement from NAHB.The index ticked slightly upward in Q4 to .90, one point higher than Q3’s revised figure of .89. The number of markets at or above their normal levels in Q4 increased from 60 in the previous quarter and from 52 in the same quarter a year earlier.”The markets are improving at a consistent pace,” said NAHB Chairman Tom Woods, a home builder from Blue Springs, Missouri. “A growing economy and rising consumer confidence should help drive the release of pent-up demand in 2015.”The LMI uses three indicators to determine a market’s proximity to normal: single-family housing permits, home prices, and employment. Permits and prices are compared with the national averages from 2000 to 2003, while employment is compared with 2007 numbers. A score of one means the market is on the same level as the last normal period, or base period; above one means the market is above its base, and a score below one means the market has not quite reached the levels of its last normal period.”The U.S. level of .90 means the U.S. economic and housing market is 90 percent of the way back to normal using the same base levels,” said David Crowe, Chief Economist for NAHB.Out of major metros, the one with the top LMI rating in Q4 was Baton Rouge, Louisiana at 1.41, meaning it is 41 percent above its last normal market level. Austin, Texas; Honolulu, Hawaii; Houston, Texas; and Oklahoma City had the second through fifth best LMI levels, respectively. Some smaller metros registered LMI ratings of greater than 2.0 for Q4, led by Midland and Odessa, Texas; Grand Forks, North Dakota; Bismarck, North Dakota; and Casper, Wyoming. A rating of 2.0 or more means the market is more than double its strength prior to the recession.”More than 80 percent of all metros saw their Leading Markets Index increase or hold steady over the quarter, a strong indicator that the overall housing market is making headway,” said Kurt Pfotenhauer, vice chairman of First American Title Insurance Company, which co-sponsors the LMI report.The indicator that was most recovered in Q4 was home prices, with an index value of 1.31, meaning prices are 31 percent higher than their early 2000s averages. Employment rated at .95 in the index, meaning that the labor market nationwide is 95 percent back to its 2007 level. The index found that the housing permit measure is the weakest of the three indicators in Q4 with a rating of .44. Only 22 out of 351 markets have returned to their levels of their early 2000s single-family housing permit activity.”Markets in energy regions have recovered the fastest and are the ones better now than at their last normal levels,” Crowe said. “The markets with the longest road left are those that collapsed the most and have not had the employment recovery enjoyed by the country as a whole. The bottom two quintiles of markets are heavily concentrated in the industrial Midwest and the Sand states of California, Nevada, Arizona and Florida. All are improving but have a longer distance to cover.” Employment Home Prices Housing Market NAHB NAHB/LMI Single-Family Housing Permits U.S. Economy 2015-02-05 Brian Honea Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Demand Propels Home Prices Upward 2 days agolast_img read more

D.W. Brooks Lecture 2020

first_imgJulie Borlaug is continuing the legacy of her late grandfather, agronomist and Nobel laureate Norman E. Borlaug, and inspiring the next generation by advocating for innovation and technology in agricultural production to end world hunger.She will deliver the D.W. Brooks guest lecture, “Using Innovation and Technology to End Hunger and Poverty,” as part of the College of Agricultural and Environmental Sciences (CAES) annual faculty awards celebration.The event, which is open to the public, will be held on Zoom at 3:30 p.m. Nov. 10, 2020, with a short Q&A session to follow.“Now is the time for us to demonstrate how our passion and dedication have found solutions to the major threats we face as a collective human species: food and nutrition security, environmental stability and sustainability,” Borlaug wrote in an Agri-Pulse column earlier this year, an example of her thought leadership and public communication about agriculture.Borlaug is vice president of external relations for Inari Agriculture, a seed company using data and biological science to transform plant breeding using approaches that significantly reduce inputs like land and water required to produce food and feed. Headquartered in Cambridge, Massachusetts, the company was named a Technology Pioneer by the World Economic Forum last year.“Julie is the epitome of who we call an ‘agvocate’ — an agricultural advocate — who is using her skills and passion to solve and communicate global agricultural and environmental challenges,” said Joe West, interim dean and director of CAES. “We are delighted to have her speak to our faculty, staff, students, alumni and friends.”Borlaug has developed agricultural partnerships between public, private and philanthropic groups to expand the mission to feed the world’s hungry. She previously served as director of strategic initiatives for Texas A&M Agrilife Research, associate director of external relations for the Borlaug Institute for International Agriculture, and director of development for the American Cancer Society. She earned her bachelor’s degree in political science and international studies from Texas A&M University and her master’s in business administration from the University of Dallas.Faculty awards announcedThe 2020 D.W. Brooks Faculty Awards of Excellence, the highest honor bestowed by the college, will be given to five faculty members for outstanding work across the college’s mission areas. The 2020 D.W. Brooks Faculty Award for Excellence in Teaching goes to Gregory Colson, an associate professor in the Department of Agricultural and Applied Economics, who has developed hands-on experiments and games for his classes to reinforce the material and give students a tangible experience to complement the theory lesson.The 2020 D.W. Brooks Faculty Award for Excellence in Research goes to Esther van der Knaap, a professor in the Department of Horticulture and Institute of Plant Breeding, Genetics and Genomics, who has spent much of her career working to understand the genetic shifts that have occurred between ancestral, wild tomato varieties and modern, cultivated tomatoes.The 2020 D.W. Brooks Faculty Award for Excellence in Extension goes to Tim Coolong, a professor in the Department of Horticulture, who primarily conducts vegetable field research but has worked on a broad variety of topics, from germplasm evaluation to food safety in vegetables to hemp production.The 2020 D.W. Brooks Faculty Award for Excellence in Public Service Extension goes to Phillip Edwards, a UGA Cooperative Extension county coordinator and Agriculture and Natural Resources agent in Irwin County, who has conducted 139 applied research trials resulting in more than 50 state and/or national presentations and posters. The 2020 D.W. Brooks Faculty Award for Excellence in Global Programs goes to Bob Kemerait, a professor in the Department of Plant Pathology, who has been a leader in USAID-funded projects to improve peanut production among small-scale farmers in Guyana, Haiti and the Philippines and recently received a Fulbright award to work with faculty and farmers in the northern Philippines. “Although we can’t celebrate them together in person, we are delighted to honor these exceptional faculty members,” said West. “Each of them brings unique skills that strengthen our discoveries and dissemination of scholarly work through education and outreach programs. They exemplify the quality we strive for as a land-grant college.”The D.W. Brooks Lecture and Awards is named in memory of the late D.W. Brooks, founder of Gold Kist Inc. Brooks started Cotton States Mutual Insurance Companies in 1941. An alumnus and faculty member of CAES, Brooks advised seven U.S. presidents on farm and trade issues.For more information about this year’s event and to tune in to the D.W. Brooks Lecture on Nov. 10, visit dwbrooks.caes.uga.edu.last_img read more

Kano Agada Beats Lagos Balmoral to Win Low Cup

first_img2017 LAGOS POLOKano Agad emerged champions of the Low Cup by beating Lagos Balmoral International 6 1/2 – 4 as the 2017 NPA Lagos International Polo Tournament came to a colourful end yesterday.The win also saw Agad clinch the Governor’s Cup to the delight of team Patron, Audu Dantata who ran in ecstasy to congratulate his two sons and other members of the triumphant team.With Senate President, Bukola Saraki leading a host of dignitaries at the final, Agad, who are formed by Nabil Dantata (0), Sadiq Dantata (+1), Idris Badamasi (+2) and Abdulmalik Badamasi (+2) went into the game on a 1 1/2 goal handicap and bettered the score by leading 4 1/2 – 2 at the end of the second chukka with Idris and Abdulmalik scoring their goals.Balmoral formed by Luqman Adebayo (+1), Baba Dangote (+1), Kabire Saidu (+2) and Isa Kwame (+3), mounted a challenge in the third chukka and could not come with any goal despite attempts by Adebayo and Kwame, the architect of Balmoral’s 10 – 4 1/2 win over Lagos United in the semifinal a day earlier.The Badamasi brothers puts the game to bed for the visiting team as Agad lead 6 1/2 – 2 at the end of the penultimate chukka.A late surge by Balmoral, who scored twice in the final chukka through Kwame, turned out to be a wasted effort as the seconds ticked out.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Mikel set to leave Chelsea for Galatasaray after taking advice from Drogba

first_imgJohn Mikel Obi is set to move to Galatasaray and says he is confident that the Turkish side will agree a deal with Chelsea over a transfer fee.The Nigerian midfielder asked former Blues striker Didier Drogba for advice about moving to the club.Mikel says he has spent a long time at Chelsea and is looking forward to life in Istanbul.‘I’m very pleased with Galatasaray’s offer,’ Mikel told Sabah, a daily Turkish newspaper‘I asked Drogba for advice and he told me that Istanbul is a fantastic city, that Galatasaray is a huge club and that I have to make the move.‘I have played at Chelsea for a long time and it’s now time for me to leave.‘I’m still only 26 and it’s great to receive an offer from a club (Galatasaray) playing Champions League football and doing well in the competition.’He continued: ‘Talks have reached an advanced level between Chelsea and Galatasaray. Chelsea won’t make the move difficult and regarding my salary there won’t be a problem. ‘All that is left is for the clubs to reach an agreement.’Mikel was a player who split opinions among fans – some hailed him for his defensive aptitude and performances in big games while others chastised him for his lack of attacking nous.Jose Mourinho signed him in 2006 after a protracted transfer saga which saw him on the brink of a move to Manchester United – it even progressed to the point he was pictured in their shirt at a press conference.FIFA ordered he move back to his side Lyn Oslo while the matter was resolved – but instead of letting the world football governing body settle the dispute, Chelsea decided to deal directly with United and the Norwegian side.They eventually settled on a £16million fee – £12m to United and £4m to Lyn.Signed as an attacking midfielder but thrown into Chelsea’s first-team at the age of 19 by Mourinho, Mikel has matured in a defensive role in the seven years since.Arguably his greatest performance came in the 2012 Champions League final which saw Chelsea beat Bayern Munich in the Allianz Arena.During his time at Chelsea he won the Premier League, the FA Cup four times, the League Cup, the Europa League and the Champions League. Rlast_img read more