Reuters (September 8)
“Britain’s shaky ambitions to be the ‘Saudi Arabia of wind’ now stand at a blustery crossroads. Developers had been warning for months that the UK’s latest offshore wind auction, divulged on Friday, would receive no takers. Now that it’s happened, it may spur much-need action…. The very real prospect of zero wind schemes ought to be the kick up the backside UK politicians need to make the terms more appealing.”
Tags: Ambitions, Auction, Blustery, Crossroads, Developers, Offshore, Saudi Arabia, Shaky, UK, Warning, Wind, Zero wind schemes
Bloomberg (April 19)
“Sales of previously owned US homes fell in March by more than forecast, underscoring a housing market that’s still on shaky footing despite some signs of stabilizing.” Though inventory remains tight, “the median selling price of a previously owned home fell 0.9% from a year earlier to $375,700 in March — the largest decline since January 2012.”
Tags: Decline, Forecast, Homes, Inventory, March, Sales, Selling price, Shaky, Stabilizing, U.S., Underscoring. Housing market
Bloomberg (February 1)
“Shaky property markets across much of the world pose another risk to the global economy as higher interest rates erode household finances and threaten to exacerbate falling prices.” From the U.S. to China, Australia and New Zealand, the housing slide could “threaten to undermine consumer confidence and weigh on household spending.” Moreover, “investment too could take a hit as developers scale back projects in response to falling prices, waning demand and higher borrowing costs.”
Tags: Australia, China, Consumer confidence, Demand, Developers, Falling prices, Global economy, Household spending, Interest rates, Investment, New Zealand, Property markets, Risk, Shaky, U.S.
