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Tag Archives: Housing

North Dakota housing fund threatened with drilling downturn

North Dakota, housing, drilling downturn

BISMARCK, N.D. (AP) — A state income tax credit that helped subsidize construction of thousands of living spaces largely in western North Dakota’s oil patch has outlived lived its usefulness with the downturn in drilling and a prolonged slump in crude prices, the chairmen of the Senate and House taxation committees say. “Without a doubt, we need to re-evaluate this,” ...

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Houston Has Highest Chance of Home Price Declines

As a whole, U.S. real estate has a low chance of experiencing a drop in prices. But energy-dependent areas are more vulnerable. Across the entire country, there is a six percent likelihood that residential home prices will decline during the next two years. While the national risk level is low, Energy Patch states — those dependent on coal, oil or ...

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Oil slump weighing on housing markets in Texas, North Dakota

There’s a dark side to those delightfully low gas prices: Housing markets are slumping in communities that were recently flush from the U.S. shale oil fracking boom. Home sales are down sharply this year in North Dakota and the West Texas cities of Midland and Odessa. Home sales have also slowed in El Paso, and, more recently, in Houston. The ...

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Demand for rental apartments boosts U.S. housing starts

WASHINGTON – U.S. housing starts rose solidly in September on soaring demand for rental apartments, a sign that the housing market continues to steadily improve even as economic growth has slowed. The Commerce Department said on Tuesday groundbreaking increased 6.5 percent to a seasonally adjusted annual pace of 1.21 million units. It was the sixth straight month that starts were ...

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Consumer spending bolsters U.S. second-quarter growth

WASHINGTON – U.S. economic growth accelerated in the second quarter as solid consumer spending offset the drag from weak business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year. Gross domestic product expanded at a 2.3 percent annual rate, the Commerce Department said on Thursday. First-quarter GDP, previously reported ...

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Erie County to receive $260,000 in gas drilling fees

money

ERIE, Pa. – Erie County will receive a $268,700 share of the more than $200 million in drilling impact fees the state collected from natural gas producers in 2014. The Pennsylvania Public Utility Commission released information on the disbursements — authorized under Act 13 of 2012 — this past week. Erie County uses the money to fund various conservation and ...

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Chemical plant expansions make Gonzales housing boom target

GONZALES, La. — Developers looking to cash in on a housing crunch created in the wake of industrial expansions in the chemical corridor have been eyeing Gonzales, with new subdivisions. The Advocate reports several subdivisions are in the works. Officials recently announced the development of 203 acres on Conway Plantation for single-family homes. Activity is also about to begin anew ...

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Oil price plunge pulling Calgary’s housing market down with it

CALGARY, Alberta – A year ago, one of the hottest parts of Canada’s red-hot housing market was Alberta’s oil capital of Calgary, where cash-rich consumers fought for the fanciest home on the block. Now, a plunge in crude prices is pulling the housing market with it. While realtors in Calgary are loathe to admit the tide has turned, sellers are ...

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Things To Know at the Colorado statehouse

DENVER — One-fourth of the 2015 legislative session is in the books, meaning the niceties are over and longer days await lawmakers. Here’s what will be keeping lawmakers busy this week: FRACKING Republicans peeved at cities and counties that have put limits on oil and gas drilling have proposed punishing them by withholding tax revenue they get from drilling, called severance ...

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Complicated by drilling boom, a chronic housing shortage in Greene County gets new attention

Housing development

WAYNESBURG — It began in 2005 as an ad hoc collection of trailer hookups tucked away in a backyard in Jefferson Township. Now an RV campground, it flourishes by luring prospective campers with all the amenities: shower facilities, coin-operated laundry, a community room and flexible rates for daily, weekly, monthly and long-term stays. But the campground, which has an entry ...

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