New home sales fall - Spokane, North Idaho News & Weather KHQ.com

New home sales fall

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  • Median home prices show signs of stability

    Median home prices show signs of stability

    WASHINGTON. - A real estate industry group says home prices rose in 40 percent of U.S. cities in the fourth quarter of last year, as massive federal spending helped the housing market show signs of stability.>>
    WASHINGTON. - A real estate industry group says home prices rose in 40 percent of U.S. cities in the fourth quarter of last year, as massive federal spending helped the housing market show signs of stability.>>
  • December home sales down nearly 17 percent

    December home sales down nearly 17 percent

    WASHINGTON. - Sales of previously occupied homes took the largest monthly drop in more than 40 years last month, plunging far deeper than expected after lawmakers gave buyers extended time to use a tax credit.>>
    WASHINGTON. - Sales of previously occupied homes took the largest monthly drop in more than 40 years last month, plunging far deeper than expected after lawmakers gave buyers extended time to use a tax credit.>>

WASHINGTON. - Sales of new homes plunged to a record low in January, underscoring the formidable challenges facing the housing industry as it tries to recover from the worst slump in decades.
     
The Commerce Department reported Wednesday that new home sales dropped 11.2 percent last month to a seasonally adjusted annual sales pace of 309,000 units, the lowest level on records going back nearly a half century. The big drop was a surprise to economists who had expected sales would rebound to an annual rate of 360,000 units.
     
The January decline will heighten fears about the fledgling recovery in housing. Economists were already worried that an improvement in sales in the second half of last year could falter as various government support programs are withdrawn.

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  • Upriver/Beacon Fire 0 percent contained, no road closures in place

    Upriver/Beacon Fire 0 percent contained, no road closures in place

    Wednesday, July 18 2018 7:40 PM EDT2018-07-18 23:40:57 GMT

    SPOKANE VALLEY, Wash. - Firefighters say all roads closed while crews work to contain the Upriver Beacon fire have been reopened Wednesday afternoon. The fire remains 0 percent contained, but firefighters continue to strengthen the line around the fire and expect containment numbers to go up soon. Upriver Drive was closed east of Frederick and west of Argonne overnight Tuesday, but was reopened Wednesday afternoon. No road closures are in place.

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    SPOKANE VALLEY, Wash. - Firefighters say all roads closed while crews work to contain the Upriver Beacon fire have been reopened Wednesday afternoon. The fire remains 0 percent contained, but firefighters continue to strengthen the line around the fire and expect containment numbers to go up soon. Upriver Drive was closed east of Frederick and west of Argonne overnight Tuesday, but was reopened Wednesday afternoon. No road closures are in place.

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  • Post Falls man dies in Spokane Valley crash

    Post Falls man dies in Spokane Valley crash

    Wednesday, July 18 2018 1:13 AM EDT2018-07-18 05:13:40 GMT

    SPOKANE VALLEY, Wash. - A Post Falls man died in a collision involving a motorcycle and semi truck Tuesday afternoon in Spokane Valley. Around 3:53 p.m., a Peterbilt semi-truck was heading westbound on Trent turning north into a private parking lot from the second lane when a Suzuki motorcycle in the first lane turned in front of the semi and collided. The driver of the motorcycle, 65-year-old Michael Arnold of Post Falls, was pronounced dead at the scene. 

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    SPOKANE VALLEY, Wash. - A Post Falls man died in a collision involving a motorcycle and semi truck Tuesday afternoon in Spokane Valley. Around 3:53 p.m., a Peterbilt semi-truck was heading westbound on Trent turning north into a private parking lot from the second lane when a Suzuki motorcycle in the first lane turned in front of the semi and collided. The driver of the motorcycle, 65-year-old Michael Arnold of Post Falls, was pronounced dead at the scene. 

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  • Fire lined vs. fire containment: What's the difference?

    Fire lined vs. fire containment: What's the difference?

    Wednesday, July 18 2018 1:48 PM EDT2018-07-18 17:48:19 GMT

    SPOKANE VALLEY, Wash. - We've had a lot of questions about what firefighters  are talking about when they say that the fire is 100 percent lined, but that the Upriver-Beacon fire is 0% contained. Here's the gist, according to firefighters: Containment is essentially their faith in the strength of the fire line. So when they say there is a line around 100 percent of the fire, but 0 percent containment, it means they are concerned that the fire could jump the line.

    >>

    SPOKANE VALLEY, Wash. - We've had a lot of questions about what firefighters  are talking about when they say that the fire is 100 percent lined, but that the Upriver-Beacon fire is 0% contained. Here's the gist, according to firefighters: Containment is essentially their faith in the strength of the fire line. So when they say there is a line around 100 percent of the fire, but 0 percent containment, it means they are concerned that the fire could jump the line.

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