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that an improvement in sales in the second half of last year could falter as various government support programs are withdrawn.

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  • 2 stabbed to death, 1 injured on Portland train by man hurling racial slurs

    2 stabbed to death, 1 injured on Portland train by man hurling racial slurs

    Saturday, May 27 2017 11:29 AM EDT2017-05-27 15:29:58 GMT

    PORTLAND, Ore. (AP) - Police in Oregon say two people died and another was hurt in a stabbing on a Portland light-rail train after a man yelled racial slurs at two young Muslim women. The Oregonian/OregonLive reports officers arrested a man Friday afternoon who ran from the train.  Portland police Sgt. Pete Simpson says the assailant on the train was ranting on many topics, using "hate speech or biased language," and turned his focus on the women.

    >>

    PORTLAND, Ore. (AP) - Police in Oregon say two people died and another was hurt in a stabbing on a Portland light-rail train after a man yelled racial slurs at two young Muslim women. The Oregonian/OregonLive reports officers arrested a man Friday afternoon who ran from the train.  Portland police Sgt. Pete Simpson says the assailant on the train was ranting on many topics, using "hate speech or biased language," and turned his focus on the women.

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  • Post Falls Officer pulls over little girl in power wheels Jeep

    Post Falls Officer pulls over little girl in power wheels Jeep

    Friday, May 26 2017 10:03 PM EDT2017-05-27 02:03:49 GMT

    POST FALLS, Idaho - Hometown Heroes. Every week, we highlight someone who works in public safety for all the good work they do. Tonight is a bit of a change from the typical Hometown Hero. It's the story of a little girl who suddenly became public enemy number one. Pat Eismann was patrolling the area in Post Falls when he noticed something a bit out of the ordinary. "I saw a little girl driving a power wheels jeep down the street," Officer Eismann said....

    >>

    POST FALLS, Idaho - Hometown Heroes. Every week, we highlight someone who works in public safety for all the good work they do. Tonight is a bit of a change from the typical Hometown Hero. It's the story of a little girl who suddenly became public enemy number one. Pat Eismann was patrolling the area in Post Falls when he noticed something a bit out of the ordinary. "I saw a little girl driving a power wheels jeep down the street," Officer Eismann said....

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  • $10,000 bill for getting car stuck in newly poured concrete

    $10,000 bill for getting car stuck in newly poured concrete

    Saturday, May 27 2017 1:02 AM EDT2017-05-27 05:02:32 GMT
    (Mike Palm, The City of Lincoln Public Works and Utilities Department via AP)(Mike Palm, The City of Lincoln Public Works and Utilities Department via AP)

    LINCOLN, Neb,. (AP) - A driver could be facing a $10,000 bill after he plowed into newly poured concrete in Lincoln, Nebraska, and became stuck.      The accident occurred Wednesday on a portion of a road repair project in the state capital. Police spokeswoman Angela Sands said Friday that police won't cite the driver, 19-year-old Shadrach Yasiah. A police incident report says it wasn't obvious that the concrete wasn't dry and that Yasiah 

    >>

    LINCOLN, Neb,. (AP) - A driver could be facing a $10,000 bill after he plowed into newly poured concrete in Lincoln, Nebraska, and became stuck.      The accident occurred Wednesday on a portion of a road repair project in the state capital. Police spokeswoman Angela Sands said Friday that police won't cite the driver, 19-year-old Shadrach Yasiah. A police incident report says it wasn't obvious that the concrete wasn't dry and that Yasiah 

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