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” Huey - 3 Alicia Huey - 2 Freddie Mac - 2 Greg Huey - 1 Huey - 1 Ruang - 1 Mount Pinatubo - 1 wouldn’t - 1
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Washington Wells Fargo Ruang Indonesia Mount Indonesia’s North Sulawesi Sitaro North Sulawesi
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4 mentions found


☆ Indonesia volcano: How Ruang eruption could impact weather and climate
  + stars: | 2024-04-23 | by ( Mary Gilbert | ) edition.cnn.com   time to read: +4 min
And the day-to-day weather conditions near Mount Ruang – things like temperature, clouds and rain – probably won’t be influenced by the volcano for long, Huey told CNN. Mount Ruang, a 2,400-foot (725-meter) stratovolcano on Ruang Island in Indonesia’s North Sulawesi province, has erupted at least seven times since Tuesday night, the country’s volcanology agency said. Mount Ruang spewed lava and and ash on April 17, seen from Sitaro, North Sulawesi. Once in the stratosphere, sulfur dioxide and water vapor combine to form sulfuric acid aerosols that create a layer of hazy droplets, according to UCAR. In 1991, Mount Pinatubo – another stratovolcano – erupted in the Philippines and produced the largest sulfur dioxide cloud ever measured.
Persons: Greg Huey, Huey, Ruang, ” Huey, Mount Pinatubo, wouldn’t, CNN’s Kathleen Magramo Organizations: CNN, Georgia Tech’s School of, Atmospheric Sciences, NASA, Volcanology, Getty, United States Geological Survey Locations: Ruang, Indonesia, Mount, Indonesia’s North Sulawesi, Sitaro, North Sulawesi, Philippines
☆ Homebuilder sentiment surges as mortgage rates trend down
  + stars: | 2024-01-17 | by ( Anna Bahney | ) edition.cnn.com   time to read: +1 min
Washington, DC CNN —Homebuilder confidence surged in January as mortgage rates continued to trend lower, according to the National Association of Home Builders/Wells Fargo Housing Market Index released Wednesday. Builder confidence in the market for newly built single-family homes surpassed market expectations, climbing seven points to 44 on the index. The optimism comes as mortgage rates begin to fall and data points to an improving economy heading into 2024. “Single-family starts are expected to grow in 2024, adding much needed inventory to the market,” Huey said. The monthly builder index looks at current sales, buyer traffic and the outlook for sales of new-construction homes over the next six months.
Persons: Alicia Huey, ” Huey, Freddie Mac Organizations: DC CNN, National Association of Home Builders Locations: Washington, Wells Fargo
☆ US homebuilder confidence drops for fourth month in a row
  + stars: | 2023-11-16 | by ( Anna Bahney | ) edition.cnn.com   time to read: +3 min
Washington, DC CNN —Homebuilder confidence dropped for the fourth month in a row in November as mortgage rates neared 8%. But recent economic data suggests housing conditions may improve in coming months. Builder confidence in the market for newly built single-family homes in November fell six points to 34, according to the National Association of Home Builders / Wells Fargo Housing Market Index released Thursday morning. Specificially, Dietz said, the 10-year Treasury rate moved back to the 4.5% range for the first time since late September, which will help bring mortgage rates down closer to or below 7.5%. In November, 60% of builders provided sales incentives of all forms, down slightly from 62% in October.
Persons: ”, Alicia Huey, ” Huey, NAHB, Robert Dietz, NAHB’s, Specificially, Dietz, ” Dietz, Freddie Mac Organizations: DC CNN, National Association of Home Builders, Federal Reserve, Treasury Locations: Washington, Wells Fargo
☆ New home construction rose in April after a dip in March
  + stars: | 2023-05-17 | by ( Anna Bahney | ) edition.cnn.com   time to read: +4 min
However, housing starts, a measure of new home construction, were down 22.3% from a year ago, according to data released Wednesday by the Census Bureau. After surging in February following five consecutive months of falling, housing starts fell in March. Single‐family housing starts in April rose 1.6% from the revised March figure, at a seasonally adjusted annual rate of 833,000. Building permits, which track the number of new housing units granted permits, fell in April after also dropping in March. Building permits were down in the Northeast and Midwest, but climbed in the South and West.
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