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Serving up style with new trays T
he holidays are the perfect chance to show off special serveware and update your kitchen with a cool new platter or tray. Lorna Aragon, home editor at Martha Stewart Living, has some suggestions: “To serve dips in a stylish and secure way, use removable self-adhesive Velcro dots to attach a bowl to the middle of a platter; then surround it with chips or crudites,” she says. “It won’t slip when you’re passing it around, and it’s a great way to use your favorite pieces together.” Aragon also suggests using pretty trays to organize KIM COOK your bar: “On top of a side table or buffet, put your liquor bottles on one and glasses on another. This creates visual interest and also makes cleaning easy.” Lorna’s go-to trays are the lacquer ones from West Elm. (www.westelm.com) “They make them in different colors every year, they come in different shapes, and they’re a great basic,” she says. For artistic types, head to the Museum of Modern Art’s online shop, where there’s a collection of trays printed with motifs from the archives of American designer Alexander Girard. Paola Navone’s Fish & Fish dish is inspired by green, Depression-era glass. And traditional oriental lacquerware gets a contemporary update with fresh, minimalist hues and a mix of glossy and matte finishes. The bowls could hold snack crackers or utensils. (https://store.moma.org) At Aerin, an Art Deco-inspired, curvy, polished, brass bowl sits on pert little feet. The luxury brand also has an elegant, oval, shagreen cocktail tray in chocolate or cream, trimmed with brass. (www.aerin.com) From Waterworks, the Canyon Drive collection of black walnut and ebonized oak pedestals are trimmed with a sleek sliver of brass. Charcoal-hued resin is handpoured to craft the Marlowe tray; a swath of gold around the rim makes it a dashing bar accessory. (www.waterworks.com) Homegoods’ sophisticated, white, porcelain tray with an off-center group of gold trees would be an elegant spot for cookies or appetizers. Another sleek white coffee service set has a gold marbled design. (www.homegoods.com) Give serveware a different purpose, and you’ve got a real conversation piece. Kate Spade New York’s acaciawood cutting boards with a trim of blue or green, for example, could display colorful fruits. Or put a group of candles or a tangle of fairy lights on a round serving tray with a bold graphic ampersand for a contemporary centerSee Trays p. 2D
This undated photo provided by Homegoods shows a sleek, white porcelain platter featuring an elegant group of gold trees to dress it up. (Homegoods via AP)
In this 2015 photo, a builder works on a new apartment building under construction in Phoenix. The government reports on home construction for October 2016 on Nov. 17. (AP photo)
US home construction jumps by largest amount in 34 years By CHRISTOPHER S. RUGABER AP Economics Writer WASHINGTON — Builders broke ground on the most new homes in nine years last month, a response to strong demand that should lift the economy. Home construction soared 25.5 percent to a seasonally adjusted 1.3 million in October, the Commerce Department said Thursday. That is the biggest gain since July 1982. New construction is also at the highest level since August 2007, months before the Great Recession began. Americans are clamoring to buy homes, but there are few properties on the market. That has driven up prices. Mortgage rates remain low, however, making more homes affordable. Steady hiring and some signs that pay gains are picking up have bolstered demand for housing. Younger Americans, buoyed by higher pay, are moving out on their own, renting apartments or seeking to buy houses. Sales of new and existing homes have picked up in recent months. “With improved employment and income prospects, millennials are an expanding portion of housing demand, as they move out of their parents’ homes,” David Berson, chief economist at Nationwide, said. The increase was driven by a 75 percent jump in apartment construction, a notoriously volatile category. That was the biggest gain in five years. Single-family home construction rose 10.7 percent. Still, the future is a bit cloudy for housing. Donald Trump’s victory in the presidential election has led to higher interest rates on 10-year bonds, a sign investors expect higher inflation in the coming years. Those increases should lift mortgage rates from their current very low lev-
els. The average rate nationwide on a 30-year fixed mortgage last week was just 3.57 percent. Trump’s policies could affect housing in different ways. Restrictions on immigration could limit the supply of available workers for construction firms, which have already complained for years of labor shortages. Yet Ralph McLaughlin, chief economist at data provider Trulia, points out that Trump could loosen regulations on banks and reform mortgage giants Freddie Mac and Fannie Mae, potentially increasing the flow of credit. Sales of new homes climbed 13 percent in September from a year earlier. Yet the supply of new properties was equivalent to just 4.8 months of sales, down from 5.8 months a year ago. And sales of existing homes bumped up 3.2 percent in September from the previous month. But supply is tight there as well: The number of existing homes for sale was barely above 2 million, 6.8 percent lower than a year earlier. Those shortages are likely fueling more construction. Homebuilding rose strongly last month in the Northeast, where new construction has lagged for months and is up just 2.2 percent in the past year. The increase was also strong in the Midwest, followed by the West and South. Applications for building permits, a good sign of future activity, barely rose to 1.23 million, the highest in a year. Still, that followed a much larger 6.3 percent gain in the previous month. Employers are adding an average of about 175,000 jobs a month, and the unemployment rate fell to a low 4.9 percent in October. Average hourly pay rose in the past year by the fastest pace since before the recession began, boosting the confidence of would-be buyers.
Sales of new homes slipped in October By JOSH BOAK AP Economics Writer WASHINGTON — Fewer Americans purchased new homes in October, but sales are still much stronger this year than in 2015 — a positive sign for the housing market. The Commerce Department said Wednesday that new-home sales fell 1.9 percent last month to a seasonally adjusted annual rate of 563,000 units. Still, sales through the first 10 months of this year are 12.7 percent higher than during the same period in 2015. Demand for new homes has surged because of a stable job market and low mortgage rates. That has strained sup-
plies as builders have failed to keep pace with homebuyers. Yet new-home sales are running below their historic averages as housing continues to heal from the foreclosures and disruptions that led to the Great Recession at the end of 2007. Sales fell last month in the Northeast, Midwest and South, while improving in the West. Just 5.2 months’ supply of new homes are available on the market, down from 5.6 months a year ago. The limited selection of new homes has prompted higher prices. The median sales price increased 1.9 percent from a year ago to $304,500.
Separate reports point to strong demand as the market heals and more members of the millennial generation, ages 18 to 34, begin to purchase homes. “The large millennial generation is expected to provide further demand for single-family housing as older millennials form families at an increasing rate,” said David Berson, chief economist at the insurance company Nationwide. “Historically, there is a significant uptick in homeownership at the age of 35 - an age that the oldest millennials are reaching now.” See New homes p. 2D
2D The Mining Journal
Friday, November 25, 2016
House to Home Mortgage Index 30-YEAR Rate-Fee/Pts.
15-YEAR Rate-Fee/Pt.
High rate
4.25
1
3.375
1
Low rate
3.75
1
2.875
1
Average rate
4.00
1
3.175
1
This graphic represents a Tuesday survey of regional lending institutions. Figures are based on rates at Range Bank, Northern Michigan Bank, mBank, Marquette Community Federal Credit Union and TruNorth Credit Union.
In this Feb. 2 photo, a “Sold” sign sits in front of a house under the final stages of construction in Plano, Texas. Fewer Americans purchased new homes in October, but sales are still much stronger than in 2015, a positive sign for the housing market, according to the Commerce Department, Wednesday. (AP photo)
New homes from 1A The National Association of Realtors said Tuesday that sales of existing homes rose 2 percent to a seasonally adjusted annual rate of 5.6 million. The rising sales levels have yet to coax more sellers into the market. Sales listings for existing homes have fallen 4.3 percent over the past year to 2.02 million homes. The shortage has pushed up the median sales price of existing homes 6 percent
from a year ago to $232,200. One uncertainty in the housing market will be mortgage rates, which helped fuel sales gains this year. Mortgage rates have also leapt upward in the weeks after Donald Trump won the presidential election. The average 30-year, fixed-rate mortgage surpassed 4 percent this week, after staying below 3.5 percent during the end of October. Investors expect the budget deficit to increase under Trump, prompting the interest rate increase.
This undated photo provided by the New York Botanical Garden shows Jan van Kessel the Elder’s “Still life study of plants, insects, arachnids, mollusks, and reptiles,” 1653-58, Oil on copper. The piece is part of what is being called a sort of coming out party for Rachel “Bunny” Mellon’s enormous art collection. More than 50 rare masterpieces from her collection, most never before shown in public, are now on view at the New York Botanical Garden. The show will remain on view through Feb. 12. (AP photo)
Exhibit offers rare glimpse at Bunny Mellon’s botanical art By KATHERINE ROTH Associated Press NEW YORK — She started gardening at age 5 and became a consummate horticulturalist and art collector, particularly of botanical art. But until now, Rachel “Bunny” Mellon’s vast collection could be seen by invitation only at her Oak Spring Garden estate and library, just outside Washington, D.C. In what is being billed as a coming-out party for the Mellon collection, more than 50 works, most never before shown in public, are now on view at the New York Botanical Garden in the Bronx. The show, “Redoute to Warhol: Bunny Mellon’s Botanical Art,” will remain on view at the garden’s Lester T. Mertz Library through Feb. 12. Mellon — who designed the present Rose Garden at the White House and restored a “potager” garden at Versailles, in France — had, by the time of her death in 2014 at age 103, amassed thousands of works of botanical art. They included engravings, watercolors, works on paper and
BIG C REALTY (906) 387-3074
canvas, and more than 10,000 rare and scholarly books. All were housed at Oak Spring, in Upperville, Virginia. “The collection certainly traces the history of gardening and horticulture... but also the evolution of our interaction with plants, from some of the earliest books on the cultivation on plants,” said Sir Peter Crane, president of the Oak Spring Garden Foundation. “This is the first public glimpse” of the collection, he said, “and it’s the tip of the iceberg.” The New York show begins in the library’s rotunda with reproductions of enormous, trompe l’oeil panels by French painter Fernand Renard, commissioned by Mellon for the walls of her greenhouse. They feature objects meant to represent her life and passions. Although there is no garden component of this winter show, the rotunda does feature some of Mellon’s own living topiary trees from Oak Spring. “In addition to being an avid collector of art, she trained her own topiaries,” said Susan Fraser, vice-
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This undated photo provided by Homegoods shows a plate and cup set with marbled gilding. (Homegoods via AP)
New homes from 1A piece. An oblong platter with a winsome village scene sketched on it could be the art piece anchor of a mantel display. (www.katespade.com ; www.macys.com) Magnolia Market’s nearly 4-foot-long paddle-shaped bread board could hold charcuterie, desserts or shot glasses.
(https://shop.magnoliamarket.com) Finally, for crafty entertainers, consider this idea from the folks at Martha Stewart: Get an off-cut or have a lumberyard saw a slab for you, sand it smooth, and treat it with a food-safe protector like coconut oil, beeswax or mineral oil. Add votive candles, fresh herbs and your favorite foods. (www.marthastewart .com)
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president and director of the botanical garden’s library. Organized chronologically and by theme, the exhibit begins with 14th century drawings from books pertaining to gardening and agriculture. Another section shows gorgeous images of tulips from the 17th century, when the demand for rare bulbs became so intense that some tulip varieties cost more than a house. “They needed artists at that time to document what kinds of tulips were available,” Fraser said. “And at one point, Mellon bought up bunches of these very rare tulip illustrations.” The show also includes hand-colored engravings by French artist Jacques LeMoyne de Morgues; floral works by artists in the French royal court for King Louis XIV; and 18th century watercolors on vellum by German artist Georg Dionysius Ehret. A voluptuous 1737 Ehret painting of a Southern magnolia stands out for its painstaking detail. In another section is a wall of 17th century studies of plants, insects, spiders, mollusks and reptiles by Jan Van Kessel the Elder.
228-9297
11 YEARS
500 S. Third St., Marquette
Dean Mallos
18489 M35 past Little Lake
Cell: (906) 250-0853
Located only about a half hour from Marquette, this property is also convenient to Gladstone and Escanaba. The two bedroom camp has a nice open feel which is perfect for gathering with friends and family to share tales of Legendary Bucks and to create new memories of your own. There is a full kitchen, running water, screen porch, nice big pole barn for the toys and a wood burning Yooper Sauna. The camp is beautifully set where a farm once stood and Whitetails are attracted to the apple orchar d near the camp and a good sized field is perfect for food plots or organic gardening. Most of the property is wooded and you can expand your recreational territory in the vast and wild State property adjoining. The property is also great for Bear and Small game hunting, close to many popular fishing and swimming Lakes, the Escanaba River, endeless trails for riding ATV’s, biking, hiking, snowmobiling or enjoying relaxing peace and quiet. A lot of fun and many great memories have been had here over the years. Start your traditions today. $110,000. Call or email brianolsonrealtor@yahoo.com, 906-869-6446 today to view, get color pictures or directions.
Call Brian Today!
Cell: 906-869-6446 Office: 225-LAND (5263) Brian Olson
brianolsonrealtor@yahoo.com
Toll-free 1-866-231-LAND • www.northernmichiganlandbrokers.com • 2552 US 41 West, Marquette
Everybody’s talking about what’s in the classifieds.
The Mining Journal 3D
Friday, November 25, 2016
Real Estate Classifieds
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MAX. He found his very own bachelor pad. He found it fast in the Classifieds. People like Max, People like you, People like…
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(906) 228-5230
Dave Mingay (906) 361-7604
davidmingay@hotmail.com
Patty Olsen Nofal 869-2068 (cell)
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Kris Kosinski 362-3069 (cell)
225-1136 (office)
1st Realty
Each office independently owned and operated
4D The Mining Journal
Friday, November 25, 2016
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