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A survey last week showed that while builders reported strong demand for new homes in April, they also complained about “affordability concerns stemming from a chronic shortage of construction workers and buildable lots.”. Last month, existing home sales fell in all four regions. There were 1.68 million previously owned homes on the market in March, up from 1.63 million in February cufflinks depot review. At March’s sales pace, it would take 3.9 months to exhaust the current inventory, up from 3.6 months in February..

A six-to-seven-month supply is viewed as a healthy balance between supply and demand cufflinks depot review. The median existing house price increased 3.8 percent from a year ago to $259,400 in March. The Commerce Department reported last Friday that housing starts dropped to a rate of 1.139 million units in March, the lowest level since May 2017. That was the second straight monthly drop in homebuilding and pushed starts substantially below the 1.5 million to 1.6 million units per month range that realtors estimate is needed to alleviate the shortage..

(This April 19 story was refiled to remove Breakingviews topic code) cufflinks depot review. By Norihiko Shirouzu. SHANGHAI (Reuters) – Electric vehicle (EV) concepts shown in Shanghai this week, such as the Audi AI:me and Infiniti QX Inspiration, point to a future of living-room-like comfort in cars with flat floors and ample space for sofa-like bench seats. In the design studies, automakers have taken advantage of the space freed up by the electric motor, which takes less room than the bulky internal combustion engine, cooling apparatus and complex transmission gears needed for gasoline cars..

As most batteries in an EV are laid out flat under the floor, the EVs shown in the Shanghai auto show, which started on Tuesday, also have more height and, in fact, many are sport-utility vehicles (SUVs). Both the AI:me urban car and Infiniti’s QX Inspiration SUV have flat floors, interiors large enough to accommodate what looks like a sofa in the back and more leg room and storage cufflinks depot review. Because there is no tunnel, which often houses the drive shaft and exhaust apparatus in a gasoline car, running through the length of the EV cabin, the center of the rear seat “can become just as valuable” as the space on its sides, design chief for Nissan’s premium brand Infiniti, Karim Habib, said..

That in turn points to the possibility of “a return of the bench seat” in the front and the rear – a throwback to American cars of a bygone era, Habib told Reuters. The EV’s flat and slightly elevated floor allows passengers to slide into it, Habib said. “You can kind of comfortably sit into it .. You can cross your legs, stretch your legs out,” he added, referring to the QX Inspiration concept car cufflinks depot review. Audi’s AI:me offers what the company’s China operations chief, Thomas Owsianski, described as “maximum space comfort” despite its smallish urban car profile..