February 13, 2013 by Greg Saunders
Gov. Nathan Deal today announced that Calpis America Inc. has selected Peachtree City for its U.S. headquarters and first manufacturing operation. The company will invest $20 million and create 42 jobs in its first year of operations.
“As the No. 1 poultry-producing state in the nation, Georgia is the ideal place for Calpis to expand in the United States,” said Deal. “International firms such as Calpis find success here not only because Georgia is one of the top markets for its products, but because the state is a hub for fast, efficient outreach to other markets in North and South America. The company’s strategic decision to locate here moves us closer to becoming the best place in the nation in which to do business.”
July 28, 2011 by Greg Saunders
New-home sales dropped in June, but a sharp increase in prices and declining inventories may be signs the sluggish new-home market is finally showing signs of rebounding, the Commerce Department reported Tuesday.
Sales of new homes dropped 1 percent in June, reaching an annual rate of 312,000 — less than half the 700,000 rate that most economists consider healthy for the new-home sector. New-home sales fell to record lows in the Northeast and were also particularly sluggish in the West.
March 10, 2010 by Greg Saunders
Hey Peachtree City…..facing a projected shortfall of $757,128 for fiscal year 2010-2011 and a projected $621,674 shortfall in the current year’s budget…..Peachtree City Council is looking at making some tough decisions. Officials are not only contemplating using reserve funds but also projecting tax increases. City staffers are projecting a .269 mill property tax hike for fiscal year 2010-2011 which begins on October 1st. This increase would be equivalent to a $26.90 property tax increase for homes with a fair market value of $250,000.
February 22, 2010 by Greg Saunders
Hey Peachtree City…..did you watch 60 Minutes? Well maybe you aren’t an Andy Rooney loyalist but just in case you missed it, there was an interesting interview by Leslie Stahl on a fuel cell start up company called “Bloom Energy.” In fact the San Jose-based company is having a launch party on Wednesday. There has been quite a bit of stealth around this company but for some reason they decided to unveil and reveal its secret on 60 Minutes.
December 16, 2009 by Greg Saunders
Greetings Peachtree City! Well it is official….NCR Corp has opened its global service and parts headquarters in Peachtree City, Ga. on November 30th. The new $15 million dollar Services Center which will also house the Customer Care and Training Center is expected boost the Georgia job market by employing more than 900 people.
NCR’s manufacturing plant officially opened in Duluth, Georgia in October. NCR officials have stated that the plan is to complete all headquarters relocations by the end of 2010. NCR’s Executive Vice President John Bruno states, “…..co-locating strategic elements of our Global Services Parts headquarters, Americas Customer Care Center and NCR University, will enable NCR to deliver superior service to our customers, supporting about 20,000 service requests in the Americas region every day.”
November 10, 2009 by Greg Saunders
Yes, you can exhale now, especially all you folks that waited until the last minute to take advantage of the credit. Legislation passed on Wednesday, November 4, 2009 which will extend the much debated $8,000 first-time home buyer tax credit. Also included in the Bill was the establishment of a new $6,500 tax credit for “move-up” buyers!
October 20, 2009 by Greg Saunders
Hello again Peachtree City! You probably didn’t know this but I have been a proponent for gaining the support from our elected officials related to getting an extension of the 1st Time Home-Buyers program. My efforts went so far as to send personal letters to both Senators Saxby Chamblis and Johnny Isakson asking for their positions on pending issues and continued support on others.
Folks, I would be remiss if I first didn’t state that I received responses from both Senators. I thought I’d share the response I receive from Sen. Johnny Isakson which acknowledged his efforts as co-sponsor of the Bill to extend the tax credit to 2010. What you may not have known is that he also fully supports a Bill that would also create a $15,000 tax credit for all home buyers.
September 17, 2009 by Greg Saunders
Hey Peachtree City….Following a month that saw the first year-over-year improvement in four years, August results in the REAL Trends Housing Market Report were level with August 2008. While these results were not as good as the July results-where unit sales had been up marginally-it does show that the floor of housing unit sales may have been reached. Nationally, unit sales were down 0.2% in August 2009 over August 2008. The Western region again showed the greatest strength with unit sales up 7% while the South region lagged other regions with unit sales down 3.3%. On the pricing front, the South showed the best results with average prices for all homes sold down 9.5% while the Western region continued to suffer the largest price declines with a decrease of 18.2%.
Unit and price declines were mixed across the regions. The Northeast region was down 1.5% in units a significant improvement over the prior months while the Midwest and South were down 2% and 3.3% respectively. The Midwest region saw average prices decline 10.4% while the Northeast was down 10.7%.
“The August 2009 results were not as good as July’s but were not off by much. What we are seeing is evidence of a bottoming out in unit sales on a year over year comparison with prices continuing to decline from the year ago period. The good news is that price declines do not appear to be accelerating but are staying similar on a month to month basis,” said Steve Murray, editor of REAL Trends.
“With the economy continuing to shed jobs and incomes shrinking, this is likely the best result we can expect-that housing sales on a unit basis are flattening out and that price declines are at least not getting any worse for the moment. While we know that there are substantial challenges ahead, with a predicted rise in foreclosures and continued downward pressure on prices as a result, it would appear that we are closer to the floor of this recession in housing than we have been at any time in the last four years.”
Housing Market Report
August 2009 July 2009
(Versus same month a year ago)
Closed Sales AVG Price Closed Sales AVG Price
-0.2% -12.1% +2.8% -10.4%
-1.6% -10.7% -1.2% -13.9%
-3.3% -9.5% -1.7% -8.7%
-2.0% -10.4% +3.7% -10.9%
+7.0% -18.2% +12.3% -11.3%
September 8, 2009 by Greg Saunders
A year after the collapse of the housing market triggered the financial meltdown, lenders are demanding more money up front, high credit scores and proof of income. Paperwork must be in perfect order. Patience and persistence are required. And don’t even bother asking about a subprime mortgage.
It’s a vastly different set of rules from earlier this decade, when home prices soared and mortgages were easy to come by.
August 20, 2009 by Greg Saunders
Okay Peachtree City before things become as hostile as a town hall meeting on health care, let me explain the topic. Recently, I read this article in the Wall Street Journal entitled “(Marxism) The New American Dream: Renting.” The article stated that Americans might as well get used to the fact that home ownership is no longer a realistic goal for folks and further suggested that we curtail the enormous government subsidies that are fueling this endeavor. The Marxism connotation as identified in the article’s caption views Capitalism as a society in which a small minority of the population dominates and exploits the vast majority considered the working class.