Business

U.S. New Home Sales Steady Near Multi-Year Highs; Supply Up

Published

11 years ago

February 25, 2015

This Jan. 8, 2015 photo shows a home for sale in Charlotte, N.C. The National Association of Realtors reports on sales of existing homes in January on Monday, Feb. 23, 2015. (AP Photo/Chuck Burton)

This Jan. 8, 2015 photo shows a home for sale in Charlotte, N.C. (AP Photo/Chuck Burton)

(Reuters) – New U.S. single-family home sales fell only slightly in January despite big declines in the snow-battered Northeast while supply rose to its highest level since 2010, hopeful signs for a sluggish housing market.

The Commerce Department said on Wednesday that sales dipped 0.2 percent to a seasonally adjusted annual rate of 481,000 units. December’s sales pace was revised up to 482,000 units, the highest level since June 2008, from 481,000 units.

“We are still taking sort of a meandering, bumpy path towards recovery. We expect housing will improve later this year due to the improvement in the labor market and credit conditions,” said Stephanie Karol, a U.S. economist at IHS Global Insight in Lexington, Massachusetts.

Sales were likely held back by snow storms in the Northeast, where sales recorded their biggest drop since June 2012.

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Black History

After 10-Year Wait, Fillmore Heritage Center Reopens in San Francisco

After serving as the economic and cultural hub of the Fillmore’s historically Black community for more than a decade, the closure of the center ended what was called the “Rebirth of the Cool,” referring to the neighborhood’s role during the height of Black Jazz in the United States.

Published

2 minutes ago

June 10, 2026

bpusa-syndication

By
Linda Parker Pennington

Special
to The Post

Last
Saturday morning, the cloudy skies cleared just as the highly anticipated
ribbon-cutting ceremony began, marking the reopening of the Fillmore Heritage
Center at 1330 Fillmore and Eddy.

The complex – which had once included Yoshi’s
Jazz Club, the Lush Life Art Gallery, the Koret Heritage Lobby, a 54-seat
microcinema, and the Black-owned 1300 On Fillmore restaurant – shuttered in
2015.

After
serving as the economic and cultural hub of the Fillmore’s historically Black
community for more than a decade, the center’s closure ended what was
called the “Rebirth of the Cool,” referring to the neighborhood’s role during
the height of Black Jazz in the United States.

“The
Fillmore is the most important neighborhood in San Francisco’s history for
centering Black culture, music, business, and community, and has shaped this
City and influenced the entire country,” said San Francisco Mayor Daniel Lurie
to the gathering of more than 100 community leaders, business owners, and public
officials. “This building reflects the deep roots of the Fillmore. Urban
renewal left deep scars that are still felt today. This Center celebrates a
strong Black community that continues to shape San Francisco. I am proud to
join the community as we reopen the Fillmore Heritage Center.”

San Francisco Mayor Daniel Lurie announcing the reopening of the Fillmore Heritage Center. Erika Scott, owner of Honey Art Studio, looks on with pride. Photo by Linda Parker Pennington.

Although
the previous stakeholders will not be returning to the center, spaces are available for nonprofit organizations and ventures, such as Fillmore native Ericka Johnson’s Honey Art Studio.

“This
Center will be an economic engine and a thriving venue that shines a light on
the Black-owned businesses in this neighborhood and lifts the entire district,”
Lurie continued. “Our City is committed to this community for the long term.”

“We’re
excited to collaborate with the City to finally reopen these doors,” said Ken
Johnson, a videographer and community leader who’d been lobbying for the
reopening of the center. “It’s an opportunity to showcase the entrepreneurship
and creative spirit of this ‘Harlem of the West’ and the ‘Rebirth of the Cool,’
grounded in our uniquely gifted Fillmore community.”

Through its Office of Economic and Workforce Development, the city will begin this month renting the building’s noncommercial spaces for pop-up events that celebrate local talent, arts, and entertainment primarily centered in the Fillmore.