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  • Consumer Credit Grows but Some Risks Lurk

    According to the Federal Reserve Board, consumer credit grew by a seasonally adjusted annual rate of 7.9 percent over the month of November to $3.75 trillion. Revolving credit, which is largely composed of credit cards, grew by 13.5 percent while non-revolving credit, typically student loans and auto loans, rose by 5.9 percent. Although revolving credit grew faster than non-revolving credit… Read More ›

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  • OSB Prices Climb 14% in 2016

    The price of softwood lumber rose by 2.3% in December, while prices paid for ready-mix concrete, gypsum products, and OSB all fell, according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics.  Ready-mix concrete, gypsum products and OSB prices fell by 0.1%, 0.2%, and 1.3%, respectively. The 2.3% increase in the softwood lumber price index… Read More ›

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  • From 280 Living: Year in Preview: New developments for Chelsea

    http://280living.com/news/year-in-preview-new-developments-for-chelsea1227/   Year in Preview: New developments for Chelsea by ERICA TECHO December 27, 2016 Map courtesy of Scott Weygand. Chelsea Reserve is off County Road 336 near Pelham and will offer a variety of lot sizes.  The city of Chelsea has seen a growing number of residential areas in the last few years, and that trend is not stopping in the foreseeable future. While Chelsea had 133 building permit requests from 2012 through 2015, the city had already had about Read More