Excelsior United Development Companies Limited (EUDC.mu) listed on the Stock Exchange of Mauritius under the Retail sector has released it’s 2015 interim results for the first quarter.For more information about Excelsior United Development Companies Limited (EUDC.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Excelsior United Development Companies Limited (EUDC.mu) company page on AfricanFinancials.Document: Excelsior United Development Companies Limited (EUDC.mu) 2015 interim results for the first quarter.Company ProfileExcelsior United Development Companies Limited engages in the production, distribution and sale of alcoholic products such as rum, alcohol and vinegar products, in Mauritius and the Reunion island. The company operates through five segments which are, investments, property rental, beverages, commerce, and tourism segments. The Investments segment includes investments held in shares, the beverages segment is engaged in the production, import and sale of alcoholic products, the commerce segment is engaged in the import and distribution of tires, automotive lubricants and fire protection equipment and the Tourism segment is engaged in operating a hotel and provides travel and tourism services. Excelsior United Development Companies Limited operates through its subsidiaries Medine Distillery Company Limited, International Distillers (Mauritius) Limited, New Goodwill Company Limited, Concorde Tourist Guide Agency Limited, Southern Investments Limited and Compagnie Mauricienne de Commerce Limitee. Excelsior United Development Companies Limited is listed on the Stock Exchange of Mauritius.
I think it’s time to be greedy with this FTSE 100 5%-yielding dividend stock Rupert Hargreaves | Thursday, 6th February, 2020 | More on: VOD I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Rupert Hargreaves owns no share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images. See all posts by Rupert Hargreaves Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! The FTSE 100 achieved one of its best performances on record last year. However, despite this achievement, there are still plenty of bargains available in the index for investors to snap up today. Especially when it comes to income investments.Top income stockOne of the index’s best income stock is telecommunications group Vodafone (LSE: VOD). At the time of writing, this stock supports a dividend yield of 5.1%, significantly above the FTSE 100 average of 3.4%.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…For the past few years, Vodafone has been struggling. The company’s revenue growth has stagnated and debt has risen. The group is spending more on developing its infrastructure as well as paying for spectrum rights around the world to keep up with the competition.And Vodafone India, once considered to be the jewel in its global empire, is now worth nothing.But despite all of the above, it seems as if the group is making progress. Vodafone is exiting non-core markets and using money received from sales to pay down debt.In the company’s latest sale, it sold its 55% stake in Vodafone Egypt for $2.4bn to Saudi Telecom. With 44m subscribers and a 40% market share, Vodafone Egypt is the country’s biggest mobile operator.Market shareInstead, Vodafone’s management has decided to concentrate efforts on growing its market share in Europe. It already has a strong European presence, and recently boosted its footprint after buying a collection of assets from Liberty Global. It’s expected that the integration of these assets will yield annual cost savings of €500m. That will also help boost earnings and reduce debt.Analysts believe the company’s net debt to earnings before interest, tax, depreciation and amortisation (EBITDA) ratio will decline to around three times this year. That’s good progress, but it still leaves Vodafone with a mountain of obligations. The group is also planning to divest its mobile towers business in 2021, which will reduce debt further. Borrowing could fall to 2.5 times EBITDA, according to the City.Attractive income investmentIf the company meets the above debt reduction targets, it looks like an attractive income investment at current levels. The stock is highly cash generative, and if management can get borrowing under control, this removes the key headwind to group growth.Vodafone can then use its size and European scale to offer a high level of service that’ll leave most competitors trailing in its wake.At the time of writing, the stock is trading at a price-to-free-cash-flow ratio of just 7.5. The rest of the industry is trading at a price-to-free-cash-flow multiple of 16. On this basis, it looks as if shares in Vodafone offer a wide margin of safety at current levels. There’s also that 5.1% dividend yield for income investors.As such, it looks as if now could be the time to take advantage of this attractive opportunity.
E.J., THANKS FOR THE COMMENT. i HAVE ARRIVED AT THE POINT IN MY SHORT AND BORING LIFE WHERE CREATING AND NURTURING FRIENDSHIPS IS REALLY THE MOST IMPORTANT ISSUE WE CAN FACE. THE PROBLEM IS, BEING A MEMBER OF THE HUMAN RACE I MESS UP QUITE FREQUENTLY, THEREFORE THE BATTLE IS ONGOING. BLESSINGS ON YOU AND YOURS, Chaz Reply The Anatomy of Fear TAGSInspiration Previous articleBaby, it’s hot outside…Next articleSix Healthy Fats Denise Connell RELATED ARTICLESMORE FROM AUTHOR Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 You have entered an incorrect email address! Please enter your email address here Thanks for sharing this article. I really needed this and the ability to learn to “reprogram my heart”. God Bless!! Please enter your name here EJ InspirationBy Charles TowneRecently I heard a man speak on reprogramming the mind. As I listened to him it struck me as more important to reprogram the heart. You might ask, “How do I reprogram my heart?”In order to answer that question, let me relate a recent experience. A dear friend shared with me how she and her sister had disagreed over something, and suffered a falling out. This came about at a time of great loss and hurt due to the fact that their daddy had just died, therefore they were both extremely fragile.My friend told me that she had tried to make it right but her sis wouldn’t talk to her. Oh, how human we humans can be.In situations like this, at least with me, my instinct is to mumble and groan, and vow to never speak to the guilty party again, but if I were to do that I would never speak to me again due to the fact that more often than not I have been the guilty party. And this is where the reprogramming of the heart comes into play. Pray for the strength to be able to disregard any negative instinct, and do what you know in your heart that you should do, love the other person. Pray for them, and ask God to not only soften their heart but yours as well. Then, and this is where reprogramming of the heart really comes into play, thank God for answering your prayer even before you see an answer!Yes, praise Him for healing. Praise Him for love and forgiveness even before you see the evidence, treat the situation as though healing has already taken place. This is the result of faith, and miracles happen due to faith. It has to begin with me.Live wholly,Love fully,Love God, and make a difference, today Reply June 25, 2017 at 2:00 pm Reply LEAVE A REPLY Cancel reply Felicia June 25, 2017 at 12:08 pm Dear Felicia, It does my heart good to know that you were blessed. Please pray that others feel the same way. Sincerely, Chaz Save my name, email, and website in this browser for the next time I comment. June 30, 2017 at 2:12 pm So True charles towne Charles Towne is first and foremost a Christian. An octogenarian, author, journalist, wildlife photographer, naturalist, caregiver, and survivor, his life has been and continues to be, a never-ending adventure filled with possibilities never imagined. He has adapted the philosophy that to Live fully, laugh uproariously, love passionately, and learn like there is no tomorrow, is a formula for a long and joy filled life. charles towne Support conservation and fish with NEW Florida specialty license plate 4 COMMENTS Share on Facebook Tweet on Twitter Please enter your comment! Reply June 27, 2017 at 12:30 pm
Architects: KOMINORU Design Area Area of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/953286/house-on-the-hill-kominoru-design Clipboard ArchDaily Save this picture!© Katsumasa TanakaCurated by Hana Abdel Share “COPY” Projects Photographs Houses Manufacturers: Takahiro WoodArchitect In Charge:Minoru KoDesign Team:KOMINORU DesignStructure Engineer:Tomonori KawataCountry:JapanMore SpecsLess SpecsSave this picture!© Katsumasa TanakaRecommended ProductsBathroom AccessoriesburgbadIlluminated Mirror – FiumoMetallicsStudcoWall Stop Ends – EzyCapWindowsFAKRORoof Windows – FPP-V preSelect MAXWindowsOTTOSTUMM | MOGSWindow Systems – BronzoFinestra B40Text description provided by the architects. A house located on a hill overlooking the Tanzawa Mountains. Inspired by the work of the owner, a woodworking artist, the volume is like a carved piece of wood. The unevenness pierced from the volume becomes an opening for high side lights, balcony, etc., and guides the ever-changing light into the room.Save this picture!© Katsumasa TanakaSave this picture!Ground Floor PlanSave this picture!© Katsumasa TanakaThe living room on the first floor, the bath on the second floor, and the terrace on the roof are turned toward the mountains so that you can enjoy the view of the magnificent mountains.Save this picture!© Katsumasa TanakaRandom knots of wood on the exterior material and uneven plastering on the interior walls played a role as an element connecting the space and the material.Save this picture!© Katsumasa TanakaProject gallerySee allShow lessA-House / IZ ArchitectsSelected ProjectsThe Smile Residential Building / BIGSelected Projects Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/953286/house-on-the-hill-kominoru-design Clipboard Area: 108 m² Year Completion year of this architecture project Japan CopyHouses•Japan House on the Hill / KOMINORU Design House on the Hill / KOMINORU DesignSave this projectSaveHouse on the Hill / KOMINORU Design Year: 2019 Photographs: Katsumasa Tanaka Manufacturers Brands with products used in this architecture project “COPY” CopyAbout this officeKOMINORU DesignOfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn FacebookJapanPublished on December 16, 2020Cite: “House on the Hill / KOMINORU Design” 15 Dec 2020. ArchDaily. Accessed 10 Jun 2021.
Portland activists answered a call Nov. 25 from caravanistas and the Mexican Support Committee for nationwide actions in support of the Central American Caravan. A rally called by FIRE (Fight for Im/migrants and Refugees Everywhere) was organized by four local activist groups and reported on by two major Portland television stations.Speakers emphasized that, like im/migrants from all over the colonized world, the caravanistas are fleeing the brutal exploitation and violence of their colonial governments, which are backed by the U.S. government and ruling class.Trump continues to play to the most racist and right-wing elements in his electoral base, calling the struggling refugees “bad people,” “invaders” and “criminals.” He ordered 15,000 military troops to the border, at a cost of $2 million, and gave them the go-ahead to use lethal force against the refugees.The growing tide of international public support for the caravan, including in the U.S., opposes this bigotry, and more and more people are gathering at the border to welcome the caravanistas. The rally handed out educational leaflets and encouraged people to donate financial support or go to the border to help.— Report and photo by Lyn NeeleyFacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
News August 29, 2014 – Updated on January 20, 2016 Prominent blogger sentenced to three years in prison VietnamAsia – Pacific Follow the news on Vietnam News RSF_en The Vietnamese authorities displayed their warped sense of justice again on 26 August when a people’s court in the southern province of Dong Thap sentenced blogger and pro-democracy activist Bui Thi Minh Hang to three years in prison at the end of a summary trial that violated defence rights.Two other activists who were tried with her, Nguyen Van Minh and Thi Thuy Quynh, were given jail terms of 30 and 24 months respectively. All three were convicted of “causing public disorder” under paragraphs (a) and (b) of article 245 of the penal code.The authorities deployed major security measures at the trial and prevented more than 200 people, including friends and relatives, from attending. Around 40 bloggers who went to the courthouse to support the defendants were roughed up and arrested by police, who confiscated mobile phones, cameras and other electronic devices.Four defence witnesses were also prevented from attending the trial, in which the prosecution used rigged evidence. Bloggers who were present at Hang’s arrest said they were pressured by police to make written statements identifying her as the instigator of the alleged “public disorder.”“This latest jail sentence, imposed in complete violation of defence rights, is further evidence of the Vietnamese authorities’ contempt for freedom of information and for those who try to use this freedom,” said Benjamin Ismaïl, the head of the Reporters Without Borders Asia-Pacific Desk.“We call for the immediate release of Hang and all the other bloggers who are being held for political reasons.”Hang has staged four hunger strikes since her arrest on 11 February, when police detained her and around 20 other activists as they were on their way to visit the family of the jailed human rights lawyer Nguyen Bac Truyen. Most of them were released after about 12 hours. The first time Hang’s daughter was allowed to see her since her arrest was on 18 August. Vietnam is ranked 174th out of 180 countries in the 2014 Reporters Without Borders press freedom index. News Organisation Vietnam sentences journalist Tran Thi Tuyet Dieu to eight years in prison Receive email alerts She and two other activists, who also got jail terms, were arrested in February RSF laureates support jailed Vietnamese journalist Pham Doan Trang to go further Help by sharing this information News VietnamAsia – Pacific Three more independent reporters arrested in Vietnam April 27, 2021 Find out more April 22, 2021 Find out more April 7, 2021 Find out more
Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Subscribe faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community News Business News First Heatwave Expected Next Week HerbeautyYou Can’t Wear Just Anything If You’re The President’s DaughterHerbeautyHerbeautyHerbeauty10 Of The Most Notorious Female Spies In HistoryHerbeautyHerbeautyHerbeautyTiger Woods Is ‘Different Man’ 10 Years After ScandalHerbeautyHerbeautyHerbeautyKim To File For Divorce From Kanye West After 6 Years Of MarriageHerbeautyHerbeautyHerbeautyWho Was The Hollywood ‘It Girl’ The Year You Were Born?HerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeauty Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena When the Baby Boomer generation thinks back to the â€œGood Old Daysâ€ one thought that can always bring back delicious memories was that of visiting a 50â€™s Diner. Letâ€™s travel back in time to a simpler and easier period in Americaâ€¦ A time when ground beef cost 89 cents for 3 pounds! Onions were 15 cents for 5 pounds and coffee was 15 cents per pound.The menus at a 50â€™s Diner were always there to give hungry customers comfort food that always made one think of Moms Cooking. Items like Country Fried Steak with Herb Gravy, Homemade Buttermilk Biscuits, Apple Pie, Patty Melts, Loaded Potato Skins and Banana Cream Pie (hungry yet?) have long been dazzling taste buds of Diners across the Nation and this summer, a new generation of kids 7-17, can experience the great tastes of the 1950â€™s in the Cooking Campâ€™s (www.summerartacademy.com)fun and creative hands on Cooking class series called the 50â€™s Diner.Teens and Kids will be able to bring home creations like Cheese Dogs with from scratch Chili, Country Cole Slaw and Mini Sweet Potato Pies all taught to them by Le Cordon Bleu College of Culinary Arts Pasadena trained Chefs.The brainchild of Executive Chef Chris Allen, also a graduate of Le Cordon Bleu College of Culinary Arts Pasadena in 2001 began the Cooking Camp to serve Pasadena kids in 2005. â€œIâ€™m so happy we are heading into our 8th year teaching the Teenagers and Kids of Pasadena the art of Cooking. I feel it is these creative courses that I try to create an learning environment that can give the whole family something that spans generations and spawns conversation that everyone can be a part of. Like talking about the blend of creaminess and crunchiness in perfectly cooked Chicken Fried Steak with Country Gravy!!â€â€œThe 50â€™s style Diner is fading away slowly and this is my way to try to make sure that the next generations can appreciate the delicious taste of the 50â€™s Diner. I think there is no better way to make it a long lasting memory then to let Kids make it themselves and be actively involved in creating something delicious and give them a link to a time long ago and have something they can share memories with their Parents and Grandparents.â€So help keep the memories of the 50â€™s Diner alive with your Teens and Kids where they can learn about a generation gone by and experience it via the delicious food selections of the 50â€™s Diner.For more information visit Summer Art Academyâ€™s Cooking Camp at www.summerartacademy.com. Community News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Name (required) Mail (required) (not be published) Website Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Your email address will not be published. Required fields are marked * Make a comment Top of the News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS More Cool Stuff News Feature Stories 50â€™s Diners are Now 60 Years Old ~ And Reborn at The Cooking Camp By FIELDING MELISH Published on Friday, May 31, 2013 | 8:08 pm 0 commentsShareShareTweetSharePin it
Pinterest Tempers simmer before officer appointment is delayed at ECHD board meeting Local NewsGovernment Twitter WhatsApp Pinterest Facebook Roy Perkins, left, of God’s Way engages in a video conference with Richard Llanez using an app called Zoom on Wednesday in his home. Perkins uses Zoom to connect with an audience and speaks about the Holy Bible. Stuck at an impasse, the board started to bicker.Tuesday night at the Ector County Hospital District board of directors’ regular meeting, voting deadlocked during the scheduled appointment of board president during officer elections, leading to tense talk of Facebook posts, of ‘no respect,’ of ‘being treated like idiots’ — ultimately leading to not much except for vented feelings and a delayed appointment.With one of seven board members absent Tuesday during the regular meeting at MCH in downtown Odessa, the vote for board chair knotted 3-3 when annual officer appointments hit the agenda, ultimately leading to stern tones, unsettled posture and shaking heads, until the board moved to delay the vote until a special meeting that could take place with all seven members present.Current board chair Mary Thompson received three votes to remain in her position, while second-year board member Don Hallmark received three. Board member Richard Herrera was absent Tuesday, allowing for an even number of votes and the tie.After a first tie in the voting, board members opened up their opinions in efforts to change the voting — bringing Hallmark to say that the position of board chair hadn’t shown a level of respect that he wanted, before Thompson harkened to name-calling in Facebook posts, which Hallmark said he could only surmise stemmed from last fall’s election season.“I have no respect for someone that stoops to that level of using social media to degrade other board members,” Thompson said during the scruff.“Well, Mary, if you want to get to that kind of squabble, I have no respect for people that will treat people on this board like they’re idiots,” Hallmark fired back.Thompson has been on the board since 1990. Hallmark joined the board in 2017.Bryn Dodd, who’s served since 2017, nominated Hallmark for board chair during the proceedings. Mary Lou Anderson, who’s been on since 2010, also voted for Hallmark.Second-year board member Ben Quiroz voted for Thompson, as did David Dunn, who’s been on the board since 2006.In discussion, Quiroz cited a “positive momentum” for the organization and said he felt the board should stick with what it has. Dunn said that he thought experience was needed for the board president. “It takes time. … It’s a learning process to be able to be a chair,” he said, turning to Hallmark.Dodd vocally supported change. “There’s been several instances within this last year where I personally was disrespected by Ms. Thompson,” she said.Anderson did not comment when invited during the board’s public discussion.Ultimately, after a second vote led to the same result, MCH System chief legal counsel Ron Griffin, advised to the board that bylaws allowed for members to move to suspend the vote until a special meeting that could be attended by all seven members.Griffin said he had studied the bylaws to find the board’s options in such a situation earlier Tuesday, and that he had even called other lawyers about it — cluing everyone in the room in that Griffin was either extremely thorough in his preparation to consider all outcomes in advance, or the way voting played out wasn’t really much of a surprise.The special meeting to vote with all seven members will take place in June, the board said.“I know what that special meeting will result in,” Hallmark said as the motion to plate the vote went through, seeming to imply that Herrera’s vote would go for Thompson. “I just think that we needed to have this discussion.”“I do, too,” Thompson said, as the two seemed to agree for the first time in several minutes.Elsewhere on the agenda, the board accepted reports from the finance committee, the joint conference committee and the audit committee, while also hearing a report from Texas Tech University Health Sciences Center and quarterly reports from MCH System president and CEO Rick Napper.The board also approved a two-year agreement with CareerBuilder, and moved to send a plot of land owned by the system toward being auctioned by Ector County.But sparks may as well have flown like no other time during the officer appointment.After the vote for board president was suspended, Dunn was unanimously named board vice president. For executive committee member, who would get with the president and vice president for rare emergency meetings in times when the rest of the board couldn’t, Quiroz proposed that, of Thompson and Hallmark, the one who isn’t voted president could take that spot, and the ensuing motion proposing that passed.Eventually, the board moved on.“I think it’s very healthy to get all these feelings and emotions out in the open,” Thompson said after the meeting adjourned. “We need to have healthy dialogues. There has just been an undercurrent since the board elections (in the fall) — a very serious undercurrent.”Hallmark also stood by his notion that it was good for the board members to have that conversation and put it behind them.“It’s not comfortable having this kind of a conversation in public,” Hallmark said. “It’s not meant to be a public kind of conversation. But in our situation, we have to have it.“It went fine. Everybody was OK. We all acted professional and did what we’re supposed to do.”Property to auctionIn other business, the board reviewed an offer to sell about 38 acres in a residential neighborhood outside city limits for $40,500, but the board ultimately moved to decline the offer and move in another direction.Hallmark, who comes to the board from a background in real estate, presented the offer to the board but suggested the board instead try sending the property to auction through Ector County.Hallmark said the property failed to sell at auction in 2004 and has been for sale since.The board agreed to try selling it at auction again.“This is not 2004,” Hallmark said after the meeting. “The way I see it and looked at it, and I spent some time with it today, it’s very sellable.”Donation givenEarly in the meeting, MCH officials presented a check for $8,278 to CASA of the Permian Basin, in funds raised during nursing week.During that week in May, different departments in the hospital put together gift baskets that were displayed and then raffled off on campus at MCH.It was the second year the departments had done the gift baskets raffle, MCH chief nursing officer Chad Dunavan said, and the fundraiser raised twice as much money it did as last year, he said.“It was really a hospital-wide thing,” Dunavan said.“It turned out to be really pretty awesome this year.” WhatsApp By admin – June 5, 2018 Twitter Facebook Previous articleMan given life sentence for shooting at deputyNext articleU.S. Congressional candidate sets Meet & Greet admin
TAGS Deaths highlight once-in-a-decade Rockies avalanche danger Pinterest WhatsApp Twitter Twitter Local NewsUS News Facebook By Digital AIM Web Support – February 15, 2021 Facebook Pinterest WhatsApp Previous articlewinter photosNext articleWerner ends EPL goal drought as Chelsea beats Newcastle 2-0 Digital AIM Web Support
Demand Propels Home Prices Upward 2 days ago Print This Post Previous: Castro: HUD Budget Increase Will Help More Americans Achieve Homeownership Next: Fed Requests Changes in Bank of America’s Capital Plan Freddie Mac Homeownership Housing Market U.S. Economy 2015-03-11 Brian Honea Sign up for DS News Daily Freddie Mac Deputy Chief Economist Len Kiefer, who will be a keynote speaker at the upcoming Five Star Government Forum in Washington, D.C., on March 18, predicted in Freddie Mac’s March 2015 Economic and Housing Market Outlook that the coming year would be the best for housing since 2007, immediately prior to the crash.A big reason for the bright outlook for the housing market is improved job prospects for those ages 25 to 34, commonly known as millennials. Analysts agree that housing recovery largely depends on this group finding sufficient enough employment to leave the nest and form new households. Last year at this time, 75.9 percent of millennials were employed; that number has increased by almost a full percentage point in a year, up to 76.8 percent, its highest level since 2008.”This month kicks off the spring homebuying season,” Kiefer said. “Between now and the end of June, we’ll see about 40 percent of all home sales for the year. So these next few months will essentially tell us whether or not 2015 will be a good or bad year for housing markets. Overall, we’re feeling good about housing and we expect this year to be the best year for home sales and new home construction since 2007 when we saw total home sales about 5.8 million for the year.”Steadily rising rents are also expected to drive more buyers to the home market in 2015. Rents have risen by almost 11 percent over the last three years and jumped by an average of about 3.6 percent in 2014 alone. Also, the 30-year-fixed mortgage rate prediction was revised slightly higher to 4.0 percent for 2015 due to recent upward pressure on Treasury bond yields; the rate is predicted to be 4.9 percent in 2016. Home price appreciation is also expected to slow in 2016 (3.9 percent) compared to 2015 (3.4 percent).”With demand rising rapidly given the improved job prospects for younger households and vacancy rates at low levels, we expect to see rents rise at or above the rate of inflation this year as well,” Kiefer wrote in the report. “This may be the tipping point. Many current renters may decide to strike while the iron is hot (mortgage rates are low and home prices not too high) and purchase a home this year.”The good news of Freddie Mac’s report fell right in line with Fannie Mae’s February 2015 Housing Survey, released Monday, March 9. That report found consumer sentiment to be at an all-time high since the survey’s inception almost five years ago, with 47 percent of respondents saying they believe the economy is on the right track. The percentage of survey respondents who said they believe it is easier to get a mortgage today (54 percent) was also at an all-time survey high, according to Fannie Mae.(Editors’ note: The Five Star Institute is the parent company of DS News and DSNews.com) March 11, 2015 2,318 Views The Best Markets For Residential Property Investors 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save in Daily Dose, Featured, Market Studies, News Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Freddie Mac Economist Expects Best Year for Housing Since ’07 About Author: Brian Honea Freddie Mac Economist Expects Best Year for Housing Since ’07 The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Freddie Mac Homeownership Housing Market U.S. Economy