Difference between revisions of "User:RahalMccall69"

From eplmediawiki
Jump to: navigation, search
(Economists bullish on housing, expect 2016 rates to hit 5.25%)
(Thurston County’s bridges to undergo inspections for new weight limits)
Line 1: Line 1:
@@@
+
 
The strengthening job market has more economists gaining confidence about the direction of the housing market over the next two years, according to a newly released Reuters poll of 29 housing analysts, including investors and economists.
+
The U.S. Department of Transportation Federal Highway Administration is requiring local governments to evaluate their bridges for new load ratings by Dec. 2017, to ensure that the structures can handle modern vehicles that are designed to haul heavier loads. Thurston County Public Works is about a third of the way through checking those weight limits on the 119 roadway bridges in its inventory, according to civil engineer Matt Unzelman.However, the county is going to hire an outside firm to do some of the inspections. The Board of <a href=http://www.avanttravel.com/page.php?sale=Michael-Kors-Leather-Motorcycle-Jacket>Michael Kors Hamilton</a>  County Commissioners voted 3-0 to hire Exeltech Consulting Inc. of Lacey to conduct that work on 10 structures, ranging from the Old Highway 101 Bridge to the Mud Bay Bridge. Some of our more structurally complex bridges are included with these 10 bridges, Unzelman told The Olympian. We just need a different level of expertise. The ratings will determine if the county needs to add a weight limits to some of its structures, he said.County manager Cliff Moore described the work as routine, but said it s an important long-term process for the county. Like most jurisdictions in the nation, we are trying to keep on this issue, he said. The money will come from the county s road fund, and will include the following structures. (Size and inspection information was listed in the county s 2014 Bridge Index.) &nbsp;James Road Bridge (culvert), known as J-1, which goes over an overflow channel, was built in 1985. The 25-foot-long structure was given a 98.19 sufficiency rating during an Aug. 8, 2012, inspection.  &nbsp;Littlerock Road Bridge, known as L-5, which goes over a ditch, was built in 1960. The 20-foot-long bridge was given a 49.66 rating during a Nov. 21, 2013 inspection. Crews made some emergency repairs on the bridge this spring for scour and cracking. It is just down the road and the same design as the L-4 Bridge which is undergoing a complete replacement <a href=http://www.radiorcs.com/page.php?sale=Jimmy-Choo-Suede-Boots>Jimmy Choo Suede Boots</a>  due to structural deficiencies. &nbsp;Mud Bay Bridge, known as O-4, which goes over Mud Bay, was built in 1978. The 208-foot-long bridge was given a sufficiency rating of 77.02 during a Sept. 27, 2012 inspection. &nbsp;Old Highway 101 Bridge, known as O-3 which goes over Perry Creek, was built in 1958.The 105-foot-long bridge was given a sufficiency rating of 80.31 during a Sept. 14, 2012 inspection.  &nbsp;Oyster Bay Culvert, known as OB-1, which goes over Schneider Creek, was built in 2010. The 20-foot-long bridge was given a sufficiency rating of 85.8 during a June 12, 2012, inspection.  &nbsp;Steamboat Island Bridge, known as S-7, which goes over Totten Inlet, was built in 1982. The 706-foot-long structure was given a sufficiency rating of 68.73 during a Sept. 14, 2012, inspection.  &nbsp;Holmes Island Bridge, <a href=http://www.alportico.net/page.php?sale=Gucci-Loafers-Women>Gucci Uk</a>  known as H-3, which goes over Long Lake and was built in 1962. The 53-foot-long bridge, and was given a sufficiency rating of 54.26 during an Aug. 7, 2013 inspection. &nbsp;Nisqually Cutoff Bridge, known as N-1, which goes over an overflow channel, was built in 1936. The 92-foot-long structure was given a 74.48 sufficiency rating during an Oct. 4, 2012 inspection. &nbsp;Old Pacific Highway Bridge, known as O-11, which goes over the Nisqually River was built in 1998. The 320-foot long structure was given a sufficiency rating of 95.38 during a Sept. 12, 2012 inspection.  &nbsp;Reservation Road Railroad Bridge, known as R-1, goes over a railroad and was built in 1993. The 331-foot-long bridge was given a sufficiency rating of 94.49 during an Aug. 9, 2013 inspection.
The economists surveyed expect existing-home sales to increase to 5.25 million units in the first three months of 2015. Currently, existing-home sales stand at 5.09 million. In May, the same group surveyed had expected much slower gains at 5.1 million expected in the first quarter <a href=http://www.alportico.net/prodotti/christianlouboutin-sale.jkmsw.php>Louboutin Shoes</a>  of 2015.
+
What's more, those polled expect home resales to continue to inch up in 2015, reaching 5.29 million by the second quarter of 2015.
+
The job market is why most of the economists are starting to change their tone about housing's outlook. For the past six consecutive months in July, employers added more than 200,000 jobs.
+
"Low mortgage rates and improving labor market dynamics should remain conducive to gradual growth in the housing sector," Gennadiy Goldberg, a strategist at TD Securities, said in a recent note to clients.
+
The housing analysts surveyed expect mortgage rates to rise slower than <a href=http://www.avanttravel.com/michaelkorssonline.php> michael kors sale</a>  they originally thought in May. Still, they contend rate rises are looming with expectations that the Federal Reserve will slowly begin to increase its benchmark interest rate around the middle of next year. The Fed has held the benchmark interest rate near zero since 2008.
+
The economists polled expect the 30-year, fixed-rate mortgage <a href=http://www.alportico.net/prodotti/christianlouboutin-sale.jkmsw.php>Christian Louboutin Heels</a>  to rise to 5.25 percent in 2016. That is a slight drop from the 5.68 percent average they had predicted in the May poll.
+
The 30-year fixed-rate mortgage is currently averaging 4.10 percent, according to Freddie Mac.
+
Nevertheless, the economists say the housing recovery likely won't be derailed by a gradual increase in mortgage rates.
+
"If a rise in mortgage rates comes with a stronger economic recovery, the housing market will be able to absorb it," Alexander Lin, an analyst at Bank of America Merrill Lynch, told Reuters.
+

Revision as of 13:14, 23 September 2014

The U.S. Department of Transportation Federal Highway Administration is requiring local governments to evaluate their bridges for new load ratings by Dec. 2017, to ensure that the structures can handle modern vehicles that are designed to haul heavier loads. Thurston County Public Works is about a third of the way through checking those weight limits on the 119 roadway bridges in its inventory, according to civil engineer Matt Unzelman.However, the county is going to hire an outside firm to do some of the inspections. The Board of <a href=http://www.avanttravel.com/page.php?sale=Michael-Kors-Leather-Motorcycle-Jacket>Michael Kors Hamilton</a> County Commissioners voted 3-0 to hire Exeltech Consulting Inc. of Lacey to conduct that work on 10 structures, ranging from the Old Highway 101 Bridge to the Mud Bay Bridge. Some of our more structurally complex bridges are included with these 10 bridges, Unzelman told The Olympian. We just need a different level of expertise. The ratings will determine if the county needs to add a weight limits to some of its structures, he said.County manager Cliff Moore described the work as routine, but said it s an important long-term process for the county. Like most jurisdictions in the nation, we are trying to keep on this issue, he said. The money will come from the county s road fund, and will include the following structures. (Size and inspection information was listed in the county s 2014 Bridge Index.)  James Road Bridge (culvert), known as J-1, which goes over an overflow channel, was built in 1985. The 25-foot-long structure was given a 98.19 sufficiency rating during an Aug. 8, 2012, inspection.  Littlerock Road Bridge, known as L-5, which goes over a ditch, was built in 1960. The 20-foot-long bridge was given a 49.66 rating during a Nov. 21, 2013 inspection. Crews made some emergency repairs on the bridge this spring for scour and cracking. It is just down the road and the same design as the L-4 Bridge which is undergoing a complete replacement <a href=http://www.radiorcs.com/page.php?sale=Jimmy-Choo-Suede-Boots>Jimmy Choo Suede Boots</a> due to structural deficiencies.  Mud Bay Bridge, known as O-4, which goes over Mud Bay, was built in 1978. The 208-foot-long bridge was given a sufficiency rating of 77.02 during a Sept. 27, 2012 inspection.  Old Highway 101 Bridge, known as O-3 which goes over Perry Creek, was built in 1958.The 105-foot-long bridge was given a sufficiency rating of 80.31 during a Sept. 14, 2012 inspection.  Oyster Bay Culvert, known as OB-1, which goes over Schneider Creek, was built in 2010. The 20-foot-long bridge was given a sufficiency rating of 85.8 during a June 12, 2012, inspection.  Steamboat Island Bridge, known as S-7, which goes over Totten Inlet, was built in 1982. The 706-foot-long structure was given a sufficiency rating of 68.73 during a Sept. 14, 2012, inspection.  Holmes Island Bridge, <a href=http://www.alportico.net/page.php?sale=Gucci-Loafers-Women>Gucci Uk</a> known as H-3, which goes over Long Lake and was built in 1962. The 53-foot-long bridge, and was given a sufficiency rating of 54.26 during an Aug. 7, 2013 inspection.  Nisqually Cutoff Bridge, known as N-1, which goes over an overflow channel, was built in 1936. The 92-foot-long structure was given a 74.48 sufficiency rating during an Oct. 4, 2012 inspection.  Old Pacific Highway Bridge, known as O-11, which goes over the Nisqually River was built in 1998. The 320-foot long structure was given a sufficiency rating of 95.38 during a Sept. 12, 2012 inspection.  Reservation Road Railroad Bridge, known as R-1, goes over a railroad and was built in 1993. The 331-foot-long bridge was given a sufficiency rating of 94.49 during an Aug. 9, 2013 inspection.

Personal tools
Namespaces

Variants
Actions
Navigation
extras
Toolbox