Housing starts for June to be released tomorrow
All eyes are on the residential construction report for June, to be released by the Commerce Department Tuesday, July 19.
Analysts are expecting starts to come in at a seasonally adjusted annual rate of about 570,000. If correct, that would be a 1.8% increase over housing starts for May. Starts have been under the 600,000 mark since January, when they were at a pace of 636,000.
Tuesday’s residential construction report will also release building permits, which are expected to be between 600,000 and 609,000 as a seasonally adjusted annual rate in June, compared with 609,000 in May.
College student accused of stealing welder – twice
A 30-year-old man was arrested at a Home Depot store in Natick, Mass. for stealing a $524 welder, according to an article in the Metro West Daily News.
Store security apprehended Brandon Wood, a student at UMass-Boston, on July 13 after he loaded the welder into a cart. They told police they recognized him as someone who had stole the same welder the week before but had evaded loss personnel officers.
Wood was charged with two counts of larceny of property worth more than $250. Prosecutors claimed he had two open shoplifting cases in Springfield County Court.
The suspect’s bail was set at $500.
Herbicide suspected in widespread tree deaths
An article in the Columbus Dispatch reported that a new herbicide is suspected of killing thousands of trees in a problem that’s causing havoc among nursery companies.
The name of the suspected herbicide is Imprelis. It was introduced in the market by DuPont last fall and is used by lawn-care companies. The newspaper reported that about 75% of Ohio landscapers and golf course superintendents used Imprelis this year.
There is no version of the product designed for consumers.
Aware of complaints, DuPont officials have told users to avoid using the herbicide near Norwary spruces and white pines and other plants. It also told the paper it continues to investigate the problem of dying trees.