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Shelton, WA

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  • State Funds New Signage For County Rail Crossings

    cones asphaltState regulators today approved nearly $1,000 in safety upgrades for 14 railroad crossings in Mason County. The Washington Utilities and Transportation Commission approved a Grade Crossing Protective Fund (GCPF) grant at the request of Simpson Lumber. Simpson Lumber will receive… Read More +

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  • Explosion At Tacoma Auto Parts Shop

    exp garageAn explosion and dramatic fire at a south Tacoma, Washington, auto parts shop prompted fire crews to temporarily evacuate businesses near one of the main gates to Joint Base Lewis-McChord's McChord Air Field. The fire sent up a… Read More +

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  • Baker Signed To Minor-League Deal

    marinersSThe Seattle Mariners have signed catcher John Baker to a minor-league deal with an invite to spring training. The Mariners announced the signing Thursday after Baker passed a physical. He is expected to compete with Jesus Sucre for the backup job with the Mariners playing behind starter Mike Zunino.

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Sales of New Homes Jump to Highest Level in Five Years

b_250_0_16777215_00_images_obgrabber_2013-07_f99f333bb5.jpgiStockphoto/Thinkstock(WASHINGTON) -- The number of new homes sold in June brought sales to the highest level since May 2008. Sales of new single-family houses last month increased to a seasonally adjusted annual rate of 497,000, the most in five years, a report from the U.S. Commerce Department said. David Crowe, chief economist of the National Association of Home Builders, says 900,000 home sales a month would be consistent with a "healthy" market, but the surge is encouraging.

 

“We're still a long way off from anything you might call normal,” he added.

“It's indicative of home buyers feeling more confident about their purchases,” Crowe said. “House prices have been increasing, interest rates -- while they went up a little -- are still a very good bargain, and so this waiting period is finally over for a larger number of people.”

The price of new homes sold has also moved up compared to a year ago.  The median price is now $249,700 compared to $232,600 a year ago.

New homes make up a small chunk of the housing market but have an important ripple effect on the economy.

Copyright 2013 ABC News Radio

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WashingtonSRC - Senate unanimously passes Sen. Miloscia's 'Open-the-Books' bill to bring greater transparency of state government spending SB 5081 #waleg

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MasonCountyPUD1 - Ok- Minerva Terrace water outage is going to start here in a minute but should be back on by 1:00 this afternoon.

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