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It's been said that there are only two seasons in Michigan- construction and winter. This year, Jackson drivers will have to deal with both at the same time. A major road repair project has just been extended into the winter months. For nearly three months,. drivers traveling on I-94 through Jackson have had to endure a seemingly endless lineup of orange barrels and traffic delays. Crews began working on the east side of the bridge over West Avenue during Labor Day weekend, and ever since, traffic on the busy stretch has been reduced to just one lane in each direction. The good news is work on the east side of the bridge is now complete, even a little ahead of schedule, but here's the bad news- those orange barrels aren't going anywhere just yet. The original plan was to save the repairs on the other side of the bridge for next year's construction season, but now a spokesperson for MDOT says they've decided to go ahead and start work on the west side right away with a goal of wrapping up the entire project by December.
Sept. 27 (Bloomberg) -- New home sales in the U.S. probably fell in August to the second-lowest level in more than three years, adding to inventories and deepening the slowdown in the housing market, economists said before a report today. Purchases of new homes, which account for about 15 percent of the market, dropped 3 percent to an annual pace of 1.04 million, according to the median forecast in a Bloomberg News survey of 64 economists. An industry report this week showed the first drop in prices for existing homes since 1995. The Federal Reserve, which last week held its benchmark rate unchanged for a second month after 17 prior increases, said the weakening housing market is contributing to a wider slowdown. Record numbers of unsold houses have dragged down builder profits and depressed prices, denying consumers cash from mortgage refinancing that fueled spending the past few years.
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