first_imgHousing 37 Compulsory Purchase Orders issued as council takes action on derelict sites Advertisement RELATED ARTICLESMORE FROM AUTHOR Email Pictured at the Ireland Chapter of Project Management Institute’s National Project Awards is ( l to r ) Chapter President Pat Lucey, Andrew Murphy Managing Director at Shannon Airport, Graham Doyle, Secretary General of the Irish Department of Transport, Tourism and Sport, Niall MacCarthy, Managing Director at Cork Airport, PwC Portfolio and Programme Management Leader, Féilim Harvey Siobhan O’Donnell, Head of External Communications at daa with the Ireland’s Jubilee Project Award. PIC: MAXWELLPHOTOGRAPHY.IEThe impact of aviation, with Shannon Airport’s role pivotal, in the development of Ireland has been recognised in a major award, ahead of projects such as the state motorway programme and even the introduction of the Smoking Ban.The development of Shannon, Dublin and Cork airports has been recognised as the most influential project undertaken in Ireland over the past 50 years by the Irish Chapter of the Project Management Institute (PMI).Sign up for the weekly Limerick Post newsletter Sign Up The ‘Expansion of Ireland’s International Airports’ project was announced as the winner of special PMI anniversary accolade at the Ireland Chapters’ annual National Project Awards on Thursday, November 14, at the Dublin offices of award sponsors PwC in Spencer Dock.The ‘Expansion of Ireland’s International Airports’ was chosen by public vote from a stellar shortlist of eight from nearly 100 initially suggested projects. The shortlist included the Guinness Storehouse; Introduction of the Smoking Ban; Luas Light-rail System; Redevelopment of Croke Park; Regeneration of Dublin Docklands; State Motorway Programme; and The Wild Atlantic Way.Welcoming the award, Shannon Group Chief Executive Mary Considine said: “We are very proud of the influence Shannon Airport has had and continues to have on Ireland’s economic success. Shannon is now and always was an innovator; it’s in our DNA, from the establishment of the world’s first Duty-Free shop in 1947, now grown into a multi-billion dollar global industry, to being the first airport in the world, outside of the Americas, to provide full US Preclearance facilities, making arrival in the US easier and faster. More recently we were also the first airport in Europe to establish an airport sensory room for our customers.“This year we celebrated the 80th anniversary of the landing of the first passenger aircraft, and as a central core of Shannon Group, the airport continues to be a driving force for economic growth in the West of Ireland. It does this through the delivery of global air connectivity to enhance the region attractiveness as a location for FDI and indigenous companies and boosts the tourism industry by providing overseas visitors with gateway access to the Wild Atlantic Way.“Shannon was the birth place of aircraft leasing and today we are continuing to support Shannon’s aviation cluster through our International Aviation Services Centre (IASC). We are very proud and grateful for the honour bestowed on us by Irish public, and of the role that Shannon Airport, through our dedicated employees past and present, has played in growing the Irish economy over the past 50 years.” WhatsApp TAGSairportbusinessClareindustryLimerick City and CountyNewsShannonTransporttravel Facebook Limerick businesses urged to accept Irish Business Design Challenge Exercise With Oxygen Training at Ultimate Health Clinic center_img Previous articlePike Overcome Ballynanty with Controlled DisplayNext articleAlby Mathewson set to leave Munster on Saturday Staff Reporterhttp://www.limerickpost.ie BusinessNewsShannon Airport’s influence has been central in Irish aviation – Shannon Group CEO Mary ConsidineBy Staff Reporter – November 18, 2019 432 Ann & Steve Talk Stuff | Episode 29 | Levelling Up Twitter Linkedin Print Limerick on Covid watch list TechPost | Episode 9 | Pay with Google, WAZE – the new Google Maps? and Speak don’t Type!last_img read more

first_img  Print This Post Sign up for DS News Daily A slowdown in 2019 will create a healthier housing market going forward, says Tendayi Kapfidze, Chief Economist at LendingTree. In an article titled “What We Expect in Housing and the Economy in 2019,” he pointed out that while housing will slow down next year, it is not a cause for significant concern. Kapfidze is optimistic about the medium- and long-term prospects for housing “as the demographics are going to continue to support demand. With a slower price appreciation, incomes have a chance to catch up. With slower sales, inventory has an opportunity to normalize,” he said. LendingTree does not anticipate a recession this year on account of a strong labor market that will form the basis for growth. However, political tensions will add to uncertainty and volatility which may result in a loss of confidence and suppressed business and consumer spending. LendingTree’s forecast expects an increase in mortgage rates to as high as 5.5 percent in 2019. Home sales will contract marginally by 2 percent to 5 percent on an annual basis. Growth in home prices will moderate to about 3 percent year over year, with some localized decline. However, this will not lead to a national decline, the forecast indicated. It also pointed out that higher rates will affect homebuyer confidence. Growth concerns, driven by political risk and slower global growth could hold mortgage rates below 5 percent—breathing new life into the housing market, according to Kapfidze. Speaking of home appreciation, prices are projected to drop regardless of what happens to interest rates and sales. Home price growth will moderate to about 3 percent year over year. Wage growth is likely to reach 3.5 percent year over year. Abnormally low unemployment can cause a spike in inflation if wage growth approaches 4 percent, the article stated. Speaking of FED rate hikes, it indicated the likelihood of FOMC raising funds rate twice in 2019.The consumer debt of 2018 stands at $14 trillion and will continue to rise this year. “However delinquency rates are low. Although lenders may somewhat tighten underwriting standards, a strong labor market and wage growth will keep delinquencies low and encourage lending and borrowing,” Kapfidze said. The unemployment rate is expected to fall to 3.4 percent by year-end from 3.7 percent recorded at the end of 2018. GDP will drop to 2.5 percent in 2019 from 3 percent in 2018. in Daily Dose, Featured, Market Studies, News, Servicing Servicers Navigate the Post-Pandemic World 2 days ago Is the Housing Market Recession Ready? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Donna Joseph Tagged with: Economy Fed Rate Hike Home Prices Housing Market LendingTree Mortgage Rates tendayi kapfidze Data Provider Black Knight to Acquire Top of Mind 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] center_img Economy Fed Rate Hike Home Prices Housing Market LendingTree Mortgage Rates tendayi kapfidze 2019-01-11 Donna Joseph Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Related Articles The Best Markets For Residential Property Investors 2 days ago January 11, 2019 2,067 Views Subscribe Previous: The “Meaningful Attorney Involvement” Standard Next: D.C.’s Address Confidentiality Act Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Is the Housing Market Recession Ready?last_img read more