Posted in home

U.S. Tops 7 Million; Nursing Home Managers Charged: Virus Update

(Bloomberg) — The number of U.S. coronavirus cases rose above 7 million, according to data from Johns Hopkins University. Virginia’s governor tested positive, days after Missouri’s governor was also diagnosed with the infection.

In the first case of its kind in the U.S., Massachusetts is charging the former managers of a veteran’s home where 76 people died of the virus. Florida’s governor is lifting capacity restrictions on restaurants.

London was added to a watchlist of potential pandemic hot spots. Spain’s government asked for restrictions on movement to extend across the entire city of Madrid. The Netherlands, Greece, Denmark and Poland are also grappling with extending or imposing new restrictions.

Key Developments:

Global Tracker: Cases top 32.3 million; deaths exceed 984,000This is why Covid may be life-threatening for some patientsAn American CEO living in Sweden has a Covid lesson to shareWho’s succeeding against the coronavirus and why?: QuickTakeDeath toll nears

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Pace of New Home Sales Tops 1 Million for First Time in 14 Years


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The housing market continued to boom in August, as low mortgage rates and pandemic-driven demand pushed new home sales above 1 million for the first time in 14 years.

Sales of new single-family homes rose 4.8% in August from July to a seasonally adjusted annual rate of 1.01 million, the Commerce Department said Thursday. Economists polled by the Wall Street Journal had expected a 0.3% decline to 898,000. August sales were 43% above the year-earlier level.

The new-homes data are volatile and August’s figures came with a margin of error of 10.5 percentage points. July sales were revised up to 965,000 from 901,000 initially.

Based on the current rate of sales, there is a 3.3-month supply of new homes, down from 4 months in July, 4.6 months in June and 5.4 months in May.

“Strong sales have depleted inventories of new homes for sales, which

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