Economy

Economy

Just Askin': Home sales and weather

How much is the warm weather helping home sales?

A lot, according to Champaign County Association of Realtors President Jim Waller.

"The warm weather has helped to get people out," he said. "At my last open house, 10 groups were out and they all said they were there because of the nice weather."

Building permits, Feb. 26, 2017

Listed are permits for all commercial and industrial work, all new single-family and multifamily residences and all residential remodeling costing more than $25,000. Permits are listed by applicant, description, site and cost.

Champaign

TAG Residential LLC, new single-family residence at 307 Corey Lane, $117,267.

New Regional Planning Commission exec to start in June

URBANA — Dalitso Sulamoyo has been named chief executive officer of the Champaign County Regional Planning Commission, replacing Cameron Moore, who resigned from the agency more than a year ago.

Sulamoyo is now president and CEO of the Illinois Association of Community Action Agencies in Springfield. He is expected to begin work at the RPC on June 1.

Company towns disappearing as jobs start following people

PEORIA — Mayor Jim Ardis planned to open this year's State of the City speech by thanking Caterpillar Inc. for its longtime commitment to the central Illinois town, declaring "We wouldn't be Peoria without Caterpillar."

U.S. new-home sales rise in January

WASHINGTON (AP) — Americans bought more new homes in January after a steep fall-off the previous month, a sign the housing market is healthy despite higher mortgage rates.

New home sales rose 3.7 percent to a seasonally-adjusted 555,000, the Commerce Department said Friday. That is 5.5 percent higher than a year ago.

Lot for sale even as county, owner wrangle over taxes

CHAMPAIGN — A legal dispute between the county and the owner of a weedy, fenced-in property at a major Interstate 74 gateway into Champaign is awaiting a resolution by an appellate court.

Meanwhile, this 4-acre piece of ground at 1505 N. Neil St. is sporting a new red for-sale sign and a $1.7 million price tag.

Americans buy existing homes at fastest pace in a decade

WASHINGTON (AP) — Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007.

Home sales rose 3.3 percent in January from December to a seasonally adjusted annual rate of 5.69 million, the National Association of Realtors said Wednesday.

Owner of Burger King, Tim Hortons buying Popeyes for $1.8B

NEW YORK — The parent company of Burger King and Tim Hortons is buying Popeyes for $1.8 billion, with plans to accelerate the growth of the fried-chicken chain.

Eurozone economy seen running at near 6-year high

LONDON (AP) — Economic growth in the 19-country eurozone accelerated in February to a near six-year high, a closely watched survey found Tuesday.

In its monthly survey of economic activity across the region, financial information company IHS Markit also said job creation was the best for nine and a half years, as order books and business optimism continued to pick up.

Yahoo salvages Verizon deal with $350 million discount

NEW YORK (AP) — Yahoo is taking a $350 million hit on its previously announced $4.8 billion sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts.