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A survey last week showed that while builders reported strong demand for new homes in April, they also complained about “affordability concerns stemming from a chronic shortage of construction workers and buildable lots.”. Last month, existing home sales fell in all four regions. There were 1.68 million previously owned homes on the market in March, up from 1.63 million in February. At March’s sales pace, it would take 3.9 months to exhaust the current inventory, up from 3.6 months in February.
A six-to-seven-month supply is viewed as a healthy balance between supply and demand, The median existing house price increased 3.8 percent from a year ago to $259,400 in March, The Commerce Department reported last Friday that housing starts dropped to a rate of 1.139 million units in March, the lowest level since May 2017, That was penn state university nittany lions 3-piece cushion gift set cufflinks the second straight monthly drop in homebuilding and pushed starts substantially below the 1.5 million to 1.6 million units per month range that realtors estimate is needed to alleviate the shortage..
(This April 19 story was refiled to remove Breakingviews topic code). By Norihiko Shirouzu. SHANGHAI (Reuters) - Electric vehicle (EV) concepts shown in Shanghai this week, such as the Audi AI:me and Infiniti QX Inspiration, point to a future of living-room-like comfort in cars with flat floors and ample space for sofa-like bench seats. In the design studies, automakers have taken advantage of the space freed up by the electric motor, which takes less room than the bulky internal combustion engine, cooling apparatus and complex transmission gears needed for gasoline cars.
As most batteries in an EV are laid out flat under the floor, the EVs shown in the Shanghai auto show, which started on Tuesday, also have more height and, in fact, many are sport-utility vehicles (SUVs), Both the AI:me urban car and Infiniti’s QX Inspiration SUV have flat floors, interiors large enough to accommodate what looks like a sofa in the back and more leg room and storage, Because there is no tunnel, which often houses the drive shaft and exhaust apparatus in a gasoline car, running through the length of the EV cabin, the center of the rear seat “can become just as valuable” as the space on its sides, design chief for Nissan’s premium penn state university nittany lions 3-piece cushion gift set cufflinks brand Infiniti, Karim Habib, said..
That in turn points to the possibility of “a return of the bench seat” in the front and the rear - a throwback to American cars of a bygone era, Habib told Reuters. The EV’s flat and slightly elevated floor allows passengers to slide into it, Habib said. “You can kind of comfortably sit into it .. You can cross your legs, stretch your legs out,” he added, referring to the QX Inspiration concept car. Audi’s AI:me offers what the company’s China operations chief, Thomas Owsianski, described as “maximum space comfort” despite its smallish urban car profile.
DUBAI (Reuters) - Saudi Arabia said on Monday it would coordinate with other oil producers to ensure an adequate crude supply and a balanced market after the United States said it would end waivers granted to buyers of Iranian oil, “Saudi Arabia is closely monitoring the oil market developments following the penn state university nittany lions 3-piece cushion gift set cufflinks recent statement from the U.S, government regarding oil export sanctions on Iran,” Energy Minister Khalid a-Falih said in a statement, “Saudi Arabia will coordinate with fellow oil producers to ensure adequate supplies are available to consumers while ensuring the global oil market does not go out of balance.”..
WASHINGTON (Reuters) - Secretary of State Mike Pompeo said on Monday the United States is not extending any waivers exempting importers of Iranian oil from U.S. sanctions and there will be no grace period for those economies to comply. “We’re going to zero. We’re going to zero across the board,” Pompeo told reporters after the White House announced the end to waivers in order to pressure Iran over its nuclear program. “There are no (oil) waivers that extend beyond that period, full stop.”.
TOKYO (Reuters) - Japanese prosecutors indicted Carlos Ghosn on Monday on another charge of aggravated breach of trust, a Tokyo court said, the fourth charge against the former Nissan Motor Co Ltd chairman, which his lawyers met immediately with a bail request, The charge came on the day Ghosn’s latest detention period was set to expire, Ghosn had been out on bail when authorities arrested him for penn state university nittany lions 3-piece cushion gift set cufflinks a fourth time on April 4 on suspicion he enriched himself at a cost of $5 million to the automaker..