Economic and Job Growth Pushing Housing Slowly Toward ‘Normal’ Levels

first_imgHome / Daily Dose / Economic and Job Growth Pushing Housing Slowly Toward ‘Normal’ Levels  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago The housing market is slowly but surely inching closer to normal levels with the help of economic and job growth.According to the National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI) released Thursday, markets in 75 of the approximately 360 metro areas nationwide have returned to or exceeded their last normal levels of economic and housing activity in the second quarter of 2015. This is an increase of 13 markets year-over-year.“The markets are gradually improving and economic and job growth continue to strengthen, which bodes well for housing for the remainder of the year,” said Tom Woods, NAHB chairman and a home builder and developer from Blue Springs, Missouri.The NAHB reported that the index’s score increased on point to .92, which means that the nationwide average is at 92 percent of normal economic and housing activity. Although this increase may seem marginal, this one point rise up places the market closer to the one point goal, indicating that it has returned to normal. In addition, 66 percent of markets have shown improvement year-over-year.“Of the three elements in the LMI (house prices, permits, and employment), house prices have had the broadest recovery, with 345 markets returning to or exceeding their last normal level,” said David Crowe, NAHB’s chief economist. “Meanwhile, 64 markets have met or exceeded their normal employment levels. The housing permit level has made the least progress toward normality, with only 26 markets at or above their last normal level.”The index found that Baton Rouge, Louisiana continues to top the list of major metros on the LMI, with a score of 1.47, 47 percent better than its last normal market level. Other major metros leading the list include Austin, Texas; Honolulu, Hawaii; Houston, Texas; and Oklahoma City. Rounding out the top ten are San Jose, California; Los Angeles, California; Charleston, South Carolina; Salt Lake City, Utah; and Nashville, Tennessee. Demand Propels Home Prices Upward 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Housing Market Jobs NAHB National Association of Home Builders U.S. Economy About Author: Xhevrije West Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. The Best Markets For Residential Property Investors 2 days ago Housing Market Jobs NAHB National Association of Home Builders U.S. Economy 2015-08-06 Brian Honeacenter_img August 6, 2015 1,853 Views The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News Economic and Job Growth Pushing Housing Slowly Toward ‘Normal’ Levels The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Related Articles Previous: Green Tree Servicing to Merge With Ditech Mortgage Next: New York AG Highlights Success of Home Retention Programslast_img read more

Land grant lectures

first_imgBy Faith PeppersUniversity ofGeorgiaand Jennifer WhittakerGeorgia Farm BureauGeorgia Farm Bureau President Wayne Dollar Monday presented a$100,000 donation to the University of Georgia College ofAgricultural and Environmental Sciences to endow the Georgia FarmBureau Land Grant University Lecture Series.Income from the endowment will support an annual lecture on ornear the July 2 signing anniversary of the 1862 Morrill Act. Thisfederal law provided public land to each state that could be soldto create funds to establish at least one university in eachstate to teach agriculture and mechanic arts.Dollar made the presentation on behalf of the Georgia Farm BureauFederation during the general session of the organization’s 66thannual convention Dec. 6 on Jekyll Island.’Common history'”Georgia Farm Bureau and the University of Georgia share a greatdeal of common history,” Dollar said. “The Georgia Farm BureauBoard of Directors and I believe it is important we not losesight of the purpose of our land grant universities and theconcept and premise on which they were built.”The lectures will be planned by a standing committee that willinclude the CAES dean and director, Georgia Farm Bureau presidentand Georgia agriculture commissioner. The committee will planother projects, too, to spotlight the role land grantinstitutions play in the economy and their importance to thenation’s future.”This gift reflects what the Georgia Farm Bureau thinks about thenation’s land grant universities in general and the University ofGeorgia in particular,” said Gale Buchanan, CAES dean anddirector. “Their contributions will help in our effort to ensurethat these remain viable institutions for future generations ofAmericans.”‘Crucial for the future'”I am firmly convinced that science and technology are crucialfor the future success of agriculture,” Dollar said. “We mustmaintain the strength of our land grant university, theUniversity of Georgia.”The Morrill Act, also known as the Land Grant College Act, wasintroduced by Rep. Justin Smith Morrill of Vermont. Morrillwanted to make sure education was available to all social classes.The act changed the course of higher education by broadening itsfocus from strictly classical studies to include classes thatwould prepare students for the world they would face after theyleft the classroom.Besides agriculture and engineering, the schools established bythe grant were intended to teach military tactics, home economicsand other professions practical at the time.Under the Morrill Act, each state received 30,000 acres of publicland for every member of its U.S. Congressional delegation, basedon the 1860 census. More than 70 land grant colleges wereestablished under the original act.The 1890 Morrill Act established more of these schools in 16Southeastern states to provide the same educational opportunitiesto black students there. Fort Valley State University wasestablished by this act.Georgia beginningsGeorgia received and sold its Morrill Act lands in 1873 after itwas readmitted to the United States following Reconstruction.Gov. James M. Smith made an executive contract on March 30, 1872,that UGA was the only institution in the state authorized toestablish a college such as that described in the 1862 act.The UGA Board of Trustees then established the Georgia StateCollege of Agriculture and the Mechanic Arts. A forerunner tothis college was the UGA Terrell Professorship of Agriculture,first filled by Dr. Daniel Lee in 1855.Now the UGA College of Agricultural and Environmental Sciences,the college offers more than 20 areas of study through 11departments. It operates three agricultural experiment stations,four extension educational centers and the Rural DevelopmentCenter in Tifton.The CAES also oversees the Cooperative Extension Service, whichprovides agricultural and family and consumer science agents foreach of Georgia’s 159 counties.Founded in 1937, the Georgia Farm Bureau Federation is thestate’s largest general farm organization, with more than 400,000member families statewide.(Faith Peppers is a news editor with the University of GeorgiaCollege of Agricultural and Environmental Sciences and JenniferWhittaker the editor of the Georgia Farm Bureau News.)last_img read more