Page 3 - Hal Quinn News Today

in the midwest builders say consumers are scrambling to build before mortgage rates and land prices increase. diane eastabrook has more. >> reporter: oakley home builders didnt have a buyer when construction started last spring on this three story spec house in tony hinsdale, illinois. >> this is the great room, this is the family room. >> reporter: but builder steve subkowiak says a buyer snatched up the $1.5 million home long before workers painted the walls and began installing fixt...

in the midwest builders say consumers are scrambling to build before mortgage rates and land prices increase. diane eastabrook has more. >> reporter: oakley home ailders didnt have a buyer when construction started last spring on this three story spec house in tony hinsdale, illinois. >> this is the great room, this is the family room. >> reporter: but builder steve subkowiak says a buyer snatched up the $1.5 million home long before workers painted the walls and began installing fixtu...

a silver lining today in some so-so economic news. the commerce department says sales of new homes slipped slightly in august compared to july. but, year over year new home sales were up nearly 28%. the northeast saw the most robust action, but sales dropped in the south. in the midwest builders say consumers are scrambling to build before mortgage rates and land prices increase. diane eastabrook has more. >> reporter: oakley home builders didnt have a buyer when construction started l...

july. but, year over year new home sales were up nearly 28%. the northeast saw the most robust action, but sales dropped in the south. in the midwest builders say consumers are scrambling to build before mortgage rates and land prices increase. diane eastabrook has more. >> reporter: oakley home builders didnt have a buyer when construction started last spring on this three story spec house in tony hinsdale, illinois. >> this is the great room, this is the family room. >> reporter: but...

low mortgage rates, business is beginning to boom for many home builders. the government says in august americans purchased new homes at a seasonally adjusted rate of 373,000. that was down slightly from july, but up nearly 28% from august of last year. subkowiak thinks many buyers were hoarding cash during the recession and are now eager to spend it on new homes on signs the overall economy is improving. but that increased demand has brought more competition for lots. >> now you have ...

today, we are asking your thoughts about the health care vote in the house. this is the first time the house has tried to repeal the bill known as obamacare. do you think it is worth the effort. when you think congress should go from here? you can also catch up with us on all of your favorite social media sites on twitter, fiscal -- facebook andy can you tell us at journal.cspan.org. some reaction already coming in on facebook on the health care repeal. one person writes it is a typica...