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Top related persons:
Clark Ivory - 2
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LEHI Utah
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Ivory Homes - 2

Search resuls for: "Clark Ivory"


3 mentions found


☆ Homeowners Don’t Want to Sell, So the Market for Brand-New Homes Is Booming
  + stars: | 2023-07-19 | by ( Nicole Friedman | Photographs Kim Raff For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
LEHI, Utah—After mortgage rates shot up last year, Ivory Homes, one of Utah’s largest builders, suddenly had few buyers for the hundreds of homes it had under construction. So Clark Ivory, the chief executive, laid off 9% of his staff, and by January he had slashed construction by nearly 80% from its 2022 peak.
Persons: Clark Ivory Organizations: Ivory Homes Locations: LEHI, Utah
☆ Homeowners Don’t Want to Sell, So Home Builders Are Booming
  + stars: | 2023-07-19 | by ( Nicole Friedman | Photographs Kim Raff For The Wall Street Journal | ) www.wsj.com   time to read: 1 min
LEHI, Utah—After mortgage rates shot up last year, Ivory Homes, one of Utah’s largest builders, suddenly had few buyers for the hundreds of homes it had under construction. So Clark Ivory, the chief executive, laid off 9% of his staff, and by January he had slashed construction by nearly 80% from its 2022 peak.
Persons: Clark Ivory Organizations: Ivory Homes Locations: LEHI, Utah
☆ The canary is alive and chirping a year into Fed's rate hiking cycle
  + stars: | 2023-03-20 | by ( Howard Schneider | Thomson Reuters | Covers The U.S. Federal Reserve | ) www.reuters.com   time to read: +5 min
There is so much money out there," he said, from pandemic spending programs as well as recent federal government initiatives like the Inflation Reduction Act. Is the economy really standing firm against the Fed's aggressive rate moves? Rate increases have averaged more than half a percentage point at each of the eight Fed meetings since March of 2022, and pushed the benchmark overnight interest rate from the near-zero level to the current 4.50%-4.75% range. Reuters Graphics Reuters GraphicsDOGS THAT DIDN'T BARK (YET)Construction: The status of the construction industry shows the Fed's pandemic-era dilemma. The Fed's rate increases have had an impact.
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