Economy Watch: Opening Salvos in Budget Wars
The House of Representatives voted for a symbolic federal budget on Friday afternoon, one which purports to cut the deficit by $6 trillion or so over the next decade and upend Medicare and Medicaid, previously considered (with Social Security) the third rail of federal spending.
Abode Begins Work on SoCal Affordable Seniors Housing Projects
Los Angeles–Abode Communities broke ground recently on two new affordable seniors housing projects in greater Los Angeles, Terra Bella in Bell Gardens and Hudson Oaks in Pasadena.
Economy Watch: CPI Heads Upward in March
The U.S. Consumer Price Index jumped 0.5 percent from February to March, according to the Bureau of Labor Statistics, and was up 2.7 percent compared with March 2010
Economy Watch: The Budget Scrummage Starts
Is President Obama’s plan to cut the deficit through spending cuts and tax increases, outlined in a speech on Wednesday, a path to U.S. fiscal solvency or not?
U.S. Army and SunCal Ink Development Deal
Dublin, Calif.–The U.S. Army Reserve and private developer SunCal Cos. have signed a Reserve Property Exchange Agreement that will see the developer build new military facilities at Camp Parks Reserve Forces Training Area.
Economy Watch: Outlook for Monetary Policy Cloudy
Is the Fed planning to tighten monetary policy? Some of its member banks have been asking for a modest increase.
Bridge Housing Breaks Ground on Sacramento Affordable Housing
Sacramento–Bridge Housing has broken ground on Foothill Farms Senior Apartments in Sacramento.
Home Properties Breaks Ground on Fredericksburg Apartments
Fredericksburg, Va.–Home Properties Inc. has broken ground on the Apartments at Cobblestone Square in Fredericksburg, Va. The new property will feature eight four-story buildings totaling 302 one- and two-bedroom apartments and a refurbished 100-year-old rail depot.
Economy Watch: The Price of Oil Starting to Change Consumer Behavior
It seems that there’s some elasticity in the demand for gasoline among U.S. consumers.
Bridge Housing Breaks Ground on Sacramento Affordable Housing
Sacramento–Bridge Housing, a nonprofit affordable housing specialist, has broken ground for Foothill Farms Senior Apartments in Sacramento. The property will feature 138 affordable apartments and community space in four buildings, with a slated completion in July 2012.