Category Archives: Business

New home sales rise 11 percent in June

WASHINGTON-Sales of newly built, single-family homes rose 11 percent in June to a seasonally adjusted annual rate of 384,000 units, according to U.S. Commerce Department numbers released today.

Coming on the heels of an upwardly revised number for May, the gain marks a third consecutive month of improved sales activity.

"Today’s report is good news that indicates the nation’s housing market may be in the process of turning the corner," said Joe Robson, chairman of the National Association of Home Builders (NAHB) and a home builder from Tulsa, Okla. "That said, the key to moving us out of recession is to get Americans back to work.  Congress and the Administration should know that housing can be a significant generator of good jobs.  We need to make housing a priority in the recovery process, otherwise we could continue to bounce along a bottom for some time," Robson continued.
"The big gain in home sales last month was reflected in three out of four regions and helped shrink the inventory of new homes for sale to its lowest level in years," said NAHB Chief Economist David Crowe."Even so, the pace of home sales in June 2009 was still more than 21 percent off the pace of sales in the same month last year, so we still have quite a way to go.

The concern now is that complicating factors – particularly job losses, appraisal issues that are torpedoing more than a quarter of new-home sales, and the impending expiration of the first-time buyer tax credit – threaten to stifle the positive momentum."

The number of newly built homes on the market declined for a 26th consecutive month in June, falling 4.1 percent to 281,000 units. This marks a relatively thin 8.8-month supply at the current sales pace.

New-home sales rose by double-digits in the Northeast (29.2 percent), Midwest (43.1 percent), and West (22.6 percent) in June. Meanwhile, sales activity declined 5.3 percent in the South, which is the country’s largest housing market.

Article Source: The National Association of Home Builders

Chickasaw Nation hosts job fair

ADA, Okla. — The Chickasaw Nation, a federally-recognized Native American tribe, has issued the following news release:

The Chickasaw Nation will host its 9th annual Ada Area Job Fair 10 a.m. to 2 p.m. Thurs., Aug. 27, at the Chickasaw Community Center, 700 north Mississippi, Ada, Okla.
"If you have been looking for a career that you can be proud of, then come out and see what the Ada Area Job Fair has to offer you," said Darrell Walker, manager of Chickasaw Nation career services department. More than 50 employers are seeking workers with varying levels of skills and experience in a wide variety of fields including health care, finance, retail, transportation, customer service, distribution, mechanical, food services, construction, manufacturing, oil field, industrial maintenance, and more.
This event will be open to the public and no prior registration is needed.  Come dressed for success and ready for a job interview to be conducted on site by many of the participating businesses.

"This is a great opportunity to find a job in the rough economic atmosphere or if you have a job to find a new job that would advance your career to the next level," said Walker.

Vendors wishing to obtain a booth space need to pre-register by contacting Darrell Walker at (580) 436-7294.

The 9th annual Ada Area Job Fair is sponsored by The Chickasaw Nation, Oklahoma Employment Security Commission, Southern Workforce Board, Oklahoma Department of Human Services, Citizens Bank, McCall’s Chapel, and Murray State College.

For more information, contact Mari Plumlee at 580-272-0733 or Darrell Walker at 580-436-7294.

photo credit: general web