ABC News(NEW YORK) — At least 12 levees have been breached on the Missouri River in the last week as record flooding continues in the Plains and the Midwest.Thousands of people have had to evacuate, including the entire towns of Craig, Nebraska, and Elwood, Kansas. The Missouri River continues to rise north of Kansas City, where several towns are bracing for a near-record crest late Friday into Saturday morning. In addition, ice jams in Minnesota and Wisconsin are causing local rivers to suffer major flooding.The National Oceanic and Atmospheric Administration (NOAA) came out with an updated spring flood outlook on Thursday, and said moderate to major flooding will continue into May for the central U.S. This potentially unprecedented level of flooding could impact more than 200 million people through spring.There is some rain in the forecast for the central U.S., but the models keep the heaviest precipitation south of the flooded zone. Locally, half an inch to 1 inch of rain is possible for the Missouri and Mississippi rivers in Nebraska, Iowa, Missouri and Kansas.Nor’easter departsThe coastal storm brought more than 2 inches of rain to Washington’s Dulles Airport, enough to make it the wettest March day ever.In western Virginia, some areas got up to 8 inches of heavy, wet snow, shutting down roads and stranding motorists.The heaviest rain has lifted into coastal New England on Friday morning with heavy snow falling in northern Pennsylvania, upstate New York, Vermont, New Hampshire and Maine.The storm lifts into Maine and southern Canada Friday night with strong winds behind it. Gusts could exceed 40 mph in some parts of the Northeast.Additional snowfall forecast in the New England mountains could reach 6 to 12 inches.Behind the storm system, wind chills could reach the teens and 20s in the Northeast from Friday night into Saturday morning.Saturday will not feel like spring in the Northeast.Copyright © 2019, ABC Radio. All rights reserved.
Full Name* Email Address* Message* Joel Kan, MBA’s head of industry forecasting, maintained that homebuyer demand remains strong, noting that the purchase index last week was still up 24 percent year-over-year and the average purchase loan size hit $372,600, a new record in the history of MBA’s 30-year survey.“These results highlight just how strong the upper end of the market is right now, with outsized growth rates in the higher loan size categories,” he said in a statement.The median sales price for the 6.5 million existing homes sold last month was $311,000, while the median price for newly built homes was $326,800.The high prices are also being driven by severe housing shortages, he noted.The average 30-year, fixed-rate mortgage dropped to 3 percent, the lowest rate in the history of MBA’s weekly survey. That’s a drop of 2 basis points from the previous week’s 3.02 percent. The rate for jumbo loans dropped to 3.28 percent from 3.33 percent the week prior.Refinancing applications made up 66.7 percent of the total mortgage applications last week. The activity drove MBA’s overall index, which tracks 75 percent of all residential loans, up 1.7 percent, seasonally adjusted.Contact Erin Hudson This content is for subscribers only.Subscribe Now (Getty, iStock)An increase in homeowners’ bids to refinance drove up the volume of mortgage applications last week.An index tracking home refinance applications increased 3 percent, seasonally adjusted, in the third week of October, compared to the prior week, according to the Mortgage Bankers Association’s weekly survey.The metric, known as the refinance index, was up 80 percent year-over-year.MBA’s purchase index, which tracks the number of mortgage applications to buy homes, was essentially flat with an increase of 0.2 percent compared to the week before, breaking a four-week stretch of declines.Read moreMortgage applications to buy homes decline for fourth straight weekHas homebuying peaked? Mortgage applications sink 2%3M homeowners remain in forbearance
The owner of Camp Bisco‘s former site in Mariaville, NY is not happy with the festival’s forced relocation to Scranton, PA and plans to sue the county. Frank Potter feels that it’s personal, claiming that he put a vast amount of time and money into addressing safety concerns from previous years.Take A Look At Camp Bisco’s New Home“Schenectady County just decided that they are unhappy with us here, and I honestly believe it’s not just about Camp Bisco,” Potter says. “It’s about us doing business here.”“Town Planning Board wanted a humongous plan,” he continued. “We put that together, it cost tens of thousands of dollars, and we didn’t complain we did it. So I really don’t know other than I believe it’s personal.”“For five years we never had a problem that was this bad with Camp Bisco, and suddenly we had a couple of bad years and then we tried to rectify them,” he went on. “Rather than work with you, let’s throw you out of the state.”Potter plans to take Schenectady County to court. Check out Camp Bisco’s recently released complete lineup here.[Via CBS 6 Albany]
&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;lt;/p&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;gt; PRESS CONFERENCES (Watch live)— 10:45 a.m.: Rockmond Dunbar— 11 a.m.: Edsel Ford— 11:15 a.m.: STP availability with Richard Petty, Aric Almirola, Steve Letarte and Katina Walker, STP Director of Marketing— 5:30 p.m.: (approx) Post-Monster Energy NASCAR Cup Series race SUNDAY, APRIL 2:ON TRACK— 1:20:00 p.m.: MENCS Driver Introductions w/ NASCAR Special Awards— 2:00:00 p.m.: Presentation of Colors by: Local Law Enforcement and Public Safety Honor Guard— 2:00:20 p.m.: Invocation by: Martinsville Speedway Track Chaplin, Mike Hatfield— 2:01:00 p.m.: National Anthem by: Martinsville, Bassett and Magna Vista High School Marching Bands— 2:02:30 p.m.: Flyover: The Bandit Flight Team (Turn 4 to Turn 1)— 2:07:30 p.m.: “Drivers, Start Your Engines” by: From Hit FOX TV Show “Prison Break,” Rockmond Dunbar— 2:13:30 p.m.: Start of the Monster Energy NASCAR Cup Series STP 500 (500 laps, 263 miles), FS1 (Results) Note: All times are ET FRIDAY, MARCH 31:ON TRACK— noon-1 p.m.: Monster Energy NASCAR Cup Series practice, FS1 (Results)— 1:10-2 p.m.: NASCAR Camping World Truck Series practice, FS1 (Results)— 3-3:55 p.m.: NASCAR Camping World Truck Series final practice, FS1 — Canceled due to rain— 5:05 p.m.: Monster Energy NASCAR Cup Series Coors Light Pole Qualifying, FS1 — Canceled due to rainPRESS CONFERENCES (Watch live)— 10 a.m.: AJ Allmendinger— 10:30 a.m.: Kyle Larson— 10:45 a.m.: Jimmie Johnson— 11 a.m.: Timothy Peters, Harrison Burton— 1:15 p.m.: Denny Hamlin— 2 p.m.: Joey Logano— 2:30 p.m.: Kyle Busch— 2:45 p.m.: Daniel SuarezSATURDAY, APRIL 1:ON TRACK— 11-11:55 a.m.: Monster Energy NASCAR Cup Series practice, FS1 (Results)— 12:05 p.m.: NASCAR Camping World Truck Series Keystone Light Pole Qualifying, FS1 (Results)— 1:30-2:20 p.m.: Monster Energy NASCAR Cup Series final practice, FS1 (Results)— 3 p.m.: NASCAR Camping World Truck Series Alpha Energy Solutions 250 (250 laps, 131.5 miles), FOX (Results) RELATED: Entry list for STP 500 | Entry list for Alpha Energy Solutions 250NASCAR heads to Martinsville Speedway for the Monster Energy NASCAR Cup Series and the NASCAR Camping World Truck Series. Check out the full weekend schedule below. PRESS CONFERENCES (Watch live)— 5:45 p.m.: (approx) Post-Camping World Truck Series race
The shift from rescue mode to recovery mode means the military — the Alaska Air National Guard and the U.S. Coast Guard — has ended its involvement, and the Alaska State Troopers will take the lead in any future recovery efforts. ANCHORAGE, Alaska — With three people still missing somewhere in Prince William Sound near Whittier, authorities on Monday ended a week-long hunt for an air ambulance that vanished midway through a 90-minute trip from Cordova to Anchorage. It also means the beginning of a National Transportation Safety Board investigation into the cause of the crash. The task will be difficult without having the helicopter to examine and without knowing exactly where it went down. That, coupled with the belief that the LifeGuard helicopter is somewhere under water too deep for divers to explore, persuaded authorities to call off the search. The decision came two days after searchers found the body of flight nurse John Stumpff and a door from the BK117 Eurocopter; they washed up a mile apart on the north shore of Passage Canal near Whittier. Still missing are pilot Lance Brabham, 42, of Soldotna; paramedic Cameron Carter, 24, of Kenai, and patient Gaye McDowell, 60, of Cordova. Their families learned Monday afternoon that the search had ended. Rebecca Novotny, one of Stumpff s sisters, said she hopes the missing might still be found. Not knowing the fate of her brother was worse than knowing it, she said. We re here to save lives, and all indications show there are no survivors, said McHugh Pierre, spokesman for the Department of Military and Veterans Affairs, which helped run the search. In seven days, we found no sign of human activity. This one is gonna be tough, NTSB investigator Clint Johnson said. He said that in the last five years, he can think of only three or four investigations of missing aircraft. Our goal, our wish, would be to be able to recover the wreckage, Johnson said. In the next couple days, we ll see if an underwater search is even feasible. Depths there can be in excess of 600 feet, which puts it out of reach of normal diving depths. Knowing makes a huge difference, Novotny said from Kansas City. When we didn t know, it was horrible. To continue to not know, I just can t imagine it. In seven days of looking, searchers found very little. Freezing rain and poor visibility kept helicopters on the ground Monday, a spokesman for the military s Rescue Coordination Center said. Besides Stumpff s body and the helicopter s left sliding door, all that has been found is some medical equipment and two helmets — Stumpff s and Brabham s. Johnson met Monday with officials from both LifeGuard, the air ambulance service run by Providence Alaska Medical Center, and Evergreen Helicopters of Alaska, the owner of the missing helicopter and the employer of the pilot.Find Beth Bragg online at adn.com/contact/bbragg
Governor Mitch Daniels humored fans of Star Trek as he explained why Indiana should be the place where Notre Dame graduates choose to “go forth and prosper” during his lecture on enterprise and entrepreneurship in the Mendoza College of Business’s Entrepreneurial Insights lecture series. “The objective is to make talented people like you to plant your flag in this state,” Daniels said Tuesday. “We want talented people like you to stay in Indiana.” Daniels emphasized the importance of innovation and the creative minds its fosters in the state of Indiana. “The culture in our state encourages and celebrates those rare individuals who make the most change in our society,” Daniels said. “The death of Steve Jobs made people think about the incredible effect that one person can have on the lives of others. The great scientist inventor has more of an impact on history than the greatest statesman.” Entrepreneurs have had a large impact on Daniels’s own life, he said. Daniels cited his gubernatorial campaign in 2004 as a direct result of entrepreneurial innovation. “The guy who nagged me into running for office is the same sensational, young Indiana entrepreneur [Bill Oesterle] who started Angie’s List [a website for local service company reviews],” Daniels said. Throughout his tenure as governor, Daniels asserted that he has striven to make Indiana more welcoming to the growth of new technological businesses such as Angie’s List. “Seven years ago, until we changed it, if you bought a piece of heavy machinery, you did not pay sales tax,” he said. “However, if you bought high tech equipment, you did pay sales tax. We now have the highest tax credit for venture capital in the nation. I don’t know of a state that is more supportive of venture capital in its public policy than we are. The illusive and single most important element is to ramp up the rate at which new businesses form, succeed and blossom.” Daniels also said government itself could become more effective by learning from business and business practices. “Government is not and will never be a business, but it could be much more business-like,” he said. “We work to reward people, measure everything and build a culture of economy and performance in the state government.” Part of making government more business-like involves making government accommodating of entrepreneurial endeavors, Daniels said. According to Daniels, Indiana is the best “sandbox” for investment in the nation. “The spirit of enterprise is more essential now than ever,” he said. “It’s important to not obstruct the flowering and fruition of innovation. The spirit of enterprise is still strong in our state. There is nothing we prize more than people who invent, innovate and take that invention to the marketplace.” Daniels closed his lecture by challenging Notre Dame students to contribute to the growth of Indiana enterprise. “I hope that most of you will devote your careers to the noble endeavor of creating opportunities for others,” he said. “The very same spirit that innovates our best enterprises is still lacking in the public enterprise. I hope Indiana will be the place where you go forth and prosper.”
A survey of credit union executives reveals that auto loans will be their top priority in 2015. Apple Pay is also on their radar.By a two-to-one margin, credit union executives say that auto loans (46%) are their top growth opportunity over the next 12 months. Nearly 84% of those participating in an October 2014 survey from TransUnion ranked auto loans as one of their top three areas for growth. The next highest product: mortgage loans (22%).TransUnion hypothesizes that credit unions are gravitating towards auto loans because of the continued low delinquency rates and high demand for both new and used cars. It’s probably also safe to assume that as the overall lending environment improves, consumers will be more likely to seek credit at more modest levels (e.g., auto loans and credit cards vs. high-value products like home loans and small business loans).“While auto loan performance in the last few years has been strong across the board, it is clear that credit union executives value these loans going forward over other growth areas such as mortgages, credit cards and home equity lines of credit,” says Ezra Becker, VP/Research and Consulting in TransUnion’s financial services business unit. “Over the longer term, we anticipate greater focus on mortgage and HELOC growth as home values continue their upswing, but for now the auto loan is king.” continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Nonresidential construction spending fell for a second consecutive month in August, according to analysis of U.S. Census Bureau released today by Associated Builders and Contractors (ABC).Nonresidential spending totaled $686.6 billion on a seasonally adjusted, annualized basis for the month, 1.1 percent lower than July’s total of $694.1 billion (revised down from $701 billion) and 1.3 percent below August 2015’s figure.Private nonresidential construction spending fell just 0.4 percent for the month, while its public sector counterpart shrank 2 percent. Four of the five largest nonresidential subsectors—power, highway and street, commercial and manufacturing—combined to fall 2.2 percent on a monthly basis.“Stakeholders in the nation’s nonresidential construction industry have become accustomed to seeing weak spending data. However, today’s report represents a bit of a departure from previous reports,” said ABC Chief Economist Anirban Basu. “While previous weak spending reports can almost completely be explained by diminished public construction spending, today’s report also revealed emerging weakness in private spending.“There are some noteworthy exceptions,” said Basu. “Office-related construction spending continued to surge higher, rising 2 percent for the month and up a whopping 24 percent on a year-over-year basis. Construction spending related to lodging rose 1.2 percent on a monthly basis and is nearly 16 percent higher than the year-ago level. Foreign investment in U.S. commercial real estate heavily influences these two segments, which has helped produce both higher asset prices and more construction.“Given the passage of a federal highway bill last year, one might have expected spending growth in the highway/street and transportation categories,” said Basu. “Those expectations have been unmet thus far. Transportation-related construction spending dipped by more than 6 percent in August and by more than 11 percent on a year-over-year basis. Highway and street spending is down by more than 8 percent on a year-ago basis, and was down nearly 3 percent for the month.“There are a number of theories at work, including the 2016 election cycle, which has led to some decision-makers putting projects on hold,” said Basu. “Government spending generally remains weak, and there are some indications that private lending standards are tightening due to a combination of growing concern among financial industry regulators and bankers that real estate bubbles are forming again in certain communities and segments.”