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Wednesday, October 21, 2020  Spokane, Washington  Est. May 19, 1883
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New U.S. home construction dips again in February

Construction of new homes fell again in February, but not as much as the previous month. Those declines follow a December surge which had pushed home construction to the highest level in 13 years.

Home construction jumps 9.7 percent in January

Groundbreakings on new homes jumped 9.7 percent last month to the highest level since October 2016, welcome news for a housing market struggling with a shortage of homes for sale.

Landlords are taking over the U.S. housing market

As rising home prices, slow new home construction, and demographic shifts push homeownership rates to 50-year lows, the U.S. is increasingly a country of renters-and landlords.

Home construction jumps, led by more apartment building

U.S. builders ramped up home construction in December, led by a surge of apartment building, while single-family houses lagged. Housing starts jumped 11.3 percent last month, to a seasonally adjusted annual rate of 1.2 million, the Commerce Department said Thursday.

Bearing wall footing is key to a house’s structural integrity

DEAR TIM: My wife and I are building our new home, and we stopped by to see the progress just after the foundation was poured. We saw a massive long block of concrete at least 10 inches thick in the middle of the basement floor. I don’t see how our basement floor will be smooth now with this giant thing in the way. What is it and why would the builder go to this much effort and waste this amount of concrete? Is it too late to remove it? I see pipes passing through the bottom of this concrete. I took lots of photos of this monolith. –

Home sales see bump

With 588 homes sold in May, Spokane County’s real estate market had its best month since 2007, the Spokane Association of Realtors said. The number compares with May 2012, when 440 homes sold in the county.

Business update: Stocks mostly fall

Stocks mostly fell today after home construction and applications for building permits slumped in May following the end of a homebuyer tax credit. The housing report and a disappointing profit forecast from FedEx Corp. raised questions about the economic recovery. The Dow Jones industrial average fell about 15 points in afternoon trading. Broader indexes were mixed.