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Tag Archives: recession

Index: Architectural firms seeing more work, bigger backlog

WASHINGTON — Business conditions continue to improve at architecture firms, as billings ticked upward again in September, according to the American Institute of Architects (AIA). The AIA’s Architecture Billings Index (ABI) score rose to 55.2 for the month, one of the highest post-recession readings thus far (any score over 50 indicates growth). In addition, the value of new-signed design contracts ...

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Report: State sees slowest growth in consumer spending in nation

ACROSS MISSISSIPPI — Overall consumer spending grew more slowly in Mississippi than in any other state in 2012, reflecting the state’s slow recovery from the recession. A report released yesterday by the U.S. Commerce Department finds overall personal consumption spending grew 2.5 percent in Mississippi in 2012, compared to 4.1 percent nationwide. With other figures showing Mississippi’s economy grew by ...

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County sees most building permits since recession

DESOTO COUNTY — Single-family building permits across DeSoto County recorded for October put the county over the 730 total for all of 2012, which was the highest year for such permits since pre-recession years. Tom Haysley, deputy planning director for the county, says 82 single-family permits in October 2013 brought the year-to-date total to 733. The month’s number was a ...

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FNC report: U.S. home prices still on the rise

OXFORD — The latest FNC Inc. Residential Price Index (RPI) shows continued growth of home prices in August as the U.S. housing recovery remains well underway. The index moved 0.6 percent higher from the previous the month, making August the 18th consecutive month of rising home prices. According to the FNC RPI, August home prices have climbed to the levels ...

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Stocks rally after Fed allays stimulus fears

NEW YORK — Stocks broke through record highs in early trading Thursday after Federal Reserve Chairman Ben Bernanke said the central bank is in no hurry to stop supporting the economy. Bernanke said the U.S. economy still needed help because unemployment remains high and inflation is below the Fed’s target. The Fed is currently buying $85 billion a month in bonds ...

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Marianne Hill retires after tracking state economy for two decades

The logic of purposely dumping American grown wheat into the Gulf of Mexico while large parts of the world’s population starved didn’t compute for high school math whiz Marianne Hill. Her teacher’s short-form answer – the wheat dumping protected farmers in the Third World countries whose people were starving – equally befuddled Hill, who decided then to put her knack ...

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Foresters expecting another year of healthy recovery

ACROSS MISSISSIPPI — Evidence of a healthy national economy may be found in the strength of the timber industry. Forestry is a billion-dollar industry in Mississippi and the state’s second-largest agricultural commodity. A depressed national economy in recent years had negative impacts on housing construction and furniture manufacturing, which hurt the forestry sector, but industry experts are seeing signs that ...

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Small banks in Mississippi — An endangered necessity

Mississippi has 19 small banks as defined as banks with less than $100 million in assets. And while most of these small banks that serve as the economic lifeblood of many rural areas of the state didn’t participate in the risky mortgage lending practices blamed for the Great Recession, they may now be endangered by burdensome banking regulations enacted to ...

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From "too big to fail" to too big to jail?

America’s banking crisis may be receding into history but not so the desire of everyday Americans to bring the perpetrators of the criminally induced collapse to justice. While those behind rigging the system for their own benefit may never be forced to account for their actions, the reason why they are getting off free could bring the nation a huge ...

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Index: Property values continued their rebound into 2013

OXFORD – The latest FNC Residential Price Index (RPI) indicates that U.S. property values continued to recover through January — the 11th consecutive month of rising prices. Despite the uneven pace of price gains across different geographical markets, there are clear signs that the housing recovery is increasingly widespread, according to the Oxford-based mortgage technology company. A limited housing supply ...

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