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National Bank of Malawi HY2006 Interim Report

By on July 12, 2021

first_imgNational Bank of Malawi (NBM.mw) listed on the Malawi Stock Exchange under the Banking sector has released it’s 2006 interim results for the half year.For more information about National Bank of Malawi (NBM.mw) reports, abridged reports, interim earnings results and earnings presentations, visit the National Bank of Malawi (NBM.mw) company page on AfricanFinancials.Document: National Bank of Malawi (NBM.mw)  2006 interim results for the half year.Company ProfileNational Bank of Malawi is a leading financial institution in Malawi; providing solutions for retail, corporate and investment banking and stock broking services through a national network of 22 service branches. The parent company of National Bank of Malawi is Press Corporation Limited (PCL). Its subsidiaries include National Bank of Malawi Nominees Limited and Stockbroker Malawi Registered Limited. The financial institution operates two divisions; corporate banking and retail/personal banking. The corporate banking division specialises in providing financial services through packaged deals. The retail banking division provides personal banking solutions which include utility bill payments, Internet and mobile banking, and ATM facilities. A major revenue source for the National Bank of Malawi is its treasury division which includes a foreign exchange and money market operation. The National Bank of Malawi was established in 1971 with the merger of Barclays Bank DCO (Dominion Colonial Overseas) and Standard Bank (South Africa). National Bank of Malawi is listed on the Malawi Stock Exchangelast_img read more

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N.E.M. Insurance Company (Nigeria) Plc (NEM.ng) 2019 Abridged Report

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first_imgN.E.M. Insurance Company (Nigeria) Plc (NEM.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2019 abridged results.For more information about N.E.M. Insurance Company (Nigeria) Plc (NEM.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the N.E.M. Insurance Company (Nigeria) Plc (NEM.ng) company page on AfricanFinancials.Document: N.E.M. Insurance Company (Nigeria) Plc (NEM.ng)  2019 abridged results.Company ProfileNEM Insurance Company (Nigeria) Plc offers all classes of life and non-life insurance products to the personal and corporate sectors in Nigeria. Personal products include travel, motoring, professional indemnity, goods in transit and fire and special perils. Products for small-to-medium businesses include cover for burglary, product liability, fidelity guarantee, personal/group personal accident, travel, money and motor insurance. Corporate products include cover for general business, marine, aviation, oil and gas, engineering, bonds and motor insurance. NEM Insurance Plc was established in 1948 as an agent for Edward Turner & Co.; became a Nigerian branch of NEM General Insurance Association Limited of London in 1965; and merged with Vigilant Insurance Company Limited to transact all classes of general insurance. The company has expanded its operations into the West Africa sub-region in 2009 through its subsidiary NEM Insurance (Ghana) Limited which subsequently merged with Regency Alliance to form Regency NEM Insurance (Ghana) Limited in 2016. The company’s head office is in Lagos, Nigeria. NEM Insurance Company (Nigeria) Plc is listed on the Nigerian Stock Exchangelast_img read more

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What makes Ireland’s Johnny Sexton tick

By on June 23, 2021

first_img What makes Ireland’s Johnny Sexton tickJOHNNY SEXTON was the only northern hemisphere player shortlisted for World Rugby’s Player of the Year award in 2014 and he is now guiding Ireland’s Six Nations Grand Slam bid – and this video gives an insight into what drives him to achieve such high standards.The Ireland No 10 is currently being lauded as part of the world’s best half-back pairing, he and Conor Murray at the heart of Joe Schmidt’s game plan. He is a masterful kicker from hand and tee, while many a team has paid the price for underestimating his running game.This mini documentary charts Sexton’s rise from schoolboy to international star, with insights from Ronan O’Gara, his school coach Richie Hughes and his godfather Billy Keane. O’Gara, his one-time rival for the Ireland No 10 shirt and now among the coaching staff at his club Racing Metro, even asserts that there is more to come from Sexton. LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS “Johnny is an exceptional out-half,” says O’Gara. “He prepares really well, he doesn’t leave anything to chance on a Saturday. I also think there’s more in the tank, I think we’ll see him in the next two to three years hit a new level.”Ireland captain Paul O’Connell is also full of praise for his fly-half, saying: “Johnny is the most ridiculous competitor you have ever seen, with an unbelievable work ethic. I know my job pretty well on the field, but Johnny knows where the other 14 players on the pitch should be at any one time. He’s the standard bearer in everything for us at the moment.”This video is part of Three’s #AllitTakes campaign and a further episodes will follow featuring Paul O’Connell. To watch the Robbie Henshaw video, click here.For the latest Rugby World subscription offers, click here.center_img The Ireland fly-half reflects on his career to datelast_img read more

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Body Shop launches social media campaign in support of Bio-Bridges project

By on June 16, 2021

first_img Tagged with: app social media To raise further awareness and funds for its Bio-Bridges project, The Body Shop has launched a social media campaign this summer, featuring Reggie the endangered Red-shanked Douc monkey.The Bio-Bridges project, in conjunction with World Land Trust aims to connect rare species by linking habitats of biodiversity and enabling local communities to live sustainably. Its target is to restore 14.5 million square metres of rainforest in Khe Nuoc Trong, Vietnam this summer, and 75 million square metres of forest Bio-Bridges by 2020. Under the project, every purchase made in a Body Shop store or online results in the restoration of one square metre of rainforest.[youtube height=”450″width=”800″]https://www.youtube.com/watch?v=YrP1NftD_qo[/youtube] AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis20 Toby Milton, general manager of The Body Shop Canada said:“The Tinder campaign is a fun way to reach a new audience and create awareness among Canadians about our global sustainability initiatives and show customers how they can get involved.”  264 total views,  4 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis20 This summer, customers who make a purchase are also being asked to share it on social media with the hashtag #findreggielove to further drive awareness.In a Canadian trial, Reggie has also been given his own Tinder profile this summer, which pops up when females aged between 18-35 in Toronto and Vancouver use the app, giving them the opportunity to find out more about the Bio-Bridges programme as well as a discount on a purchase.center_img Body Shop launches social media campaign in support of Bio-Bridges project  263 total views,  3 views today Melanie May | 12 August 2016 | News About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.last_img read more

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Court judgment highlights issue of imprecise wording when leaving a charitable legacy

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first_img Melanie May | 15 January 2021 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis2  50% to the British Racing Drivers Club Benevolent Fund 30% to the British Racing Drivers Club absolutely (requesting that the monies be used to fund a Barrie Williams scholarship for the benefit of young racing drivers) 10% to the Royal Society for the Prevention of Cruelty to Animals10% to the Cancer Research FundMs Marshall had made a claim under the Inheritance (Provision for Family and Dependants) Act 1975, which could not progress until clarity had been obtained as to the identity of the “British Racing Drivers Club Benevolent Fund” and “the Cancer Research Fund”. The original Will file was not available (believed to have been destroyed) and consequently there was no evidence as to his original instructions. In reaching a determination Mr Justice Matthews cited first Section 21 of the Administration of Justice Act 1982 as follows:“(1) This section applies to a will—(a) in so far as any part of it is meaningless;(b) in so far as the language used in any part of it is ambiguous on the face of it;(c) in so far as evidence, other than evidence of the testator’s intention, shows that the language used in any part of it is ambiguous in the light of surrounding circumstances.(2) In so far as this section applies to a will extrinsic evidence, including evidence of the testator’s intention, may be admitted to assist in its interpretation.”And then the words of Lord Neuberger in Marley v Rawlings [2015] AC 129:19. When interpreting a contract, the court is concerned to find the intention of the party or parties, and it does this by identifying the meaning of the relevant words, (a) in the light of (i) the natural and ordinary meaning of those words, (ii) the overall purpose of the document, (iii) any other provisions of the document, (iv) the facts known or assumed by the parties at the time that the document was executed, and (v) common sense, but (b) ignoring subjective evidence of any party’s intentions. [ … ]  20. When it comes to interpreting wills, it seems to me that the approach should be the same. Whether the document in question is a commercial contract or a will, the aim is to identify the intention of the party or parties to the document by interpreting the words used in their documentary, factual and commercial context. [ … ]” Investigations showed that the British Racing Drivers’ Club Benevolent Fund did not exist. The British Racing Drivers Club (“the Club”) was a defendant to the Claim. The Club was not a charity but it did administer a benevolent fund called the British Racing Drivers’ Club Motor Sport Charity. It went unchallenged that Williams intended to benefit the latter.Mr Justice Matthews noted that the wording “the British Racing Drivers Club Benevolent Fund” linked the identity of the intended beneficiary to the Club and the Motor Sport Charity was the only benevolent fund administered by the Club and concluded that in this instance it was “a the simple case of construing the words in the will in the context in which the deceased used them” in order to ascertain the proper construction of the Will.In regards to the intended recipient of the bequest to “The Cancer Research Fund”, there was no registered charity known by that name. Mr Justice Matthews considered the phrase to be ambiguous necessitating the application of section 21 of the Administration of Justice Act 1982. He concluded that the wording did not refer to a particular institution, but rather it referred to the general charitable purpose of cancer research and therefore it was for the executor of the estate to apply that part of the residue to that charitable purpose as he saw fit.Commenting on the case, Kingsley Napley lawyer Katherine Pymont said: “It is not uncommon for there to be drafting errors when making charitable bequests and even if a named charity exists at the date of executing a Will it may be that by the time of the testator’s death the position has changed. For this reason it is recommended that not only do charities encourage supporters to instruct qualified professionals to prepare their wills to avoid some of the more obvious drafting pit falls, but also that there is a fall back to enable executors to select a charity with similar purposes to that identified by the deceased in the event that the named charity no longer exists or is unidentifiable.”  350 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis2  A recent High Court judgment has emphasised the issues that can arise from imprecise wording around charitable bequests in Wills.The High Court recently gave judgment in the case of Knipe v The British Racing Drivers’ Motor Sport Charity and Ors [2020] EWHC 3295 (Ch), a summary judgment application concerning the Will of a deceased racing driver, Mr Barrie Williams, who had sought to make several charitable bequests but the names of the organisations had not been correctly recorded.Williams died on 8 September 2018. He was survived by his fiancé and long term partner Kathryn Marshall, and his 105 year old mother. His Will enabled Ms Marshall to live in his house for the rest of her life, left his mother a share in another property that he part owned and made a number of pecuniary legacies. The residue of William’s estate was to be divided as follows: Advertisementcenter_img Tagged with: Law / policy legacies Court judgment highlights issue of imprecise wording when leaving a charitable legacy About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.last_img read more

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USDA Pulls Employees from Crop Tour Following Threat

By on June 14, 2021

first_img Previous articleChina Hopeful U.S. Will Meet Halfway in Trade TalksNext article‘If You Didn’t Look at the Calendar…Crops Look Pretty Good’ NAFB News Service Farmer angst spread to Pro Farmer’s Midwest Crop Tour Wednesday. The Department of Agriculture pulled all personnel from the tour after an angry farmer allegedly threatened a USDA employee over the phone. Pro Farmer says the threat reported on the western leg of the tour was not from a tour scout or farmer that attended a crop tour meeting. The threat was reported to local authorities, and Pro Farmer announced additional security measures for the remainder of the event. Officials did not announce the nature of the threat, or who was threatened. Federal Protective Services are investigating the incident.Compounding stress in farm country continues to grow as farmers face depressed prices, trade issues and a challenging growing season, along with farmers questioning USDA data. Pro Farmer recognized that “it’s clearly a stressful time right now,” but that stress does not justify making threats to federal employees, or anyone on crop tour. The tour concludes Thursday night in Rochester, Minnesota, and final estimates will be released Friday. SHARE Facebook Twitter SHARE Home Indiana Agriculture News USDA Pulls Employees from Crop Tour Following Threat Facebook Twitter By NAFB News Service – Aug 21, 2019 USDA Pulls Employees from Crop Tour Following Threatlast_img read more

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Indiana Project Part of USDA’s Investment in Western Lake Erie Basin…

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first_imgHome Indiana Agriculture News Indiana Project Part of USDA’s Investment in Western Lake Erie Basin to… Indiana Project Part of USDA’s Investment in Western Lake Erie Basin to Protect Natural Resources, Supporting Region’s Producers By USDA Communications – May 4, 2021 Facebook Twitter Facebook Twitter SHARE The U.S. Department of Agriculture (USDA) is investing $23.2 million into three locally driven partnerships in the Western Lake Erie Basin, which encompasses portions of Indiana, Michigan and Ohio.  This includes a $7.8 million investment in the Tri-State Western Lake Erie Basin Collaboration project led by Indiana’s USDA Natural Resources Conservation Service (NRCS).These projects are funded, in part, through the NRCS’ Regional Conservation Partnership Program (RCPP) and will address climate change, improve water quality, combat drought, enhance soil health, support wildlife habitat and protect agricultural viability.Through RCPP, conservation partners work in collaboration with the NRCS to help farmers and private forest landowners to implement conservation systems that improve natural resource concerns on their land.“The Regional Conservation Partnership Program shows public-private partnerships working at their best,” said Jerry Raynor, NRCS state conservationist in Indiana. “These new projects will harness the power of partnerships to bring about science-based solutions to improve the health and resiliency of the Western Lake Erie Water Basin, enhancing water quality and soil productivity in the region.”The Tri-State Western Lake Erie Basin Collaboration is a partnership driven by the Indiana State Department of Agriculture (ISDA), which joins forces with more than 30 partners to help participating farmers improve soil health, reduce phosphorus and sediment loading and prevent harmful algal blooms in the Western Lake Erie basin by using a suite of conservation practices, working towards a 40% reduction of dissolved phosphorus.  The partnership will use sophisticated targeting tools, like the Soil and Water Assessment Tool (SWAT), to work with producers and landowners operating near the Maumee headwaters, an area identified as a source of high levels of excess phosphorus, to further education, conservation, restoration and sustainable use of soil, water and wildlife on a watershed scale.Throughout its history, RCPP has leveraged partner contributions of more than $1 for every $1 invested by USDA, resulting in nearly $3 billion collectively invested in natural resource conservation on private lands. USDA anticipates the investments made Tuesday will generate at least $440 million in additional conservation funds by communities and other partners.Under the Biden-Harris Administration, USDA is engaged in a whole-of-government effort to combat the climate crisis and conserve and protect our nation’s lands, biodiversity and natural resources including our soil, air and water. Through conservation practices and partnerships, including those through RCPP, USDA aims to enhance economic growth and create new streams of income for farmers, producers and private foresters. Successfully meeting these challenges will require USDA and our agencies to pursue a coordinated approach alongside USDA stakeholders, including state, local and Tribal governments.Nationally, the NRCS is investing $330 million in 85 locally driven partnerships to work with farmers, landowners and local communities to combat climate change.There are currently 336 active RCPP projects that have engaged more than 2,000 partners. See the interactive map of awarded RCPP projects here.To learn more about RCPP in Indiana, visit: Regional Conservation Partnership Program | NRCS Indiana (usda.gov).For more information about NRCS and other technical and financial assistance available through conservation programs, visit www.nrcs.usda.gov/GetStarted or contact your district conservationist https://offices.sc.egov.usda.gov/locator/app. SHARE Previous articlePurdue Extension Focuses on Renewable Energy Education EffortsNext articleIndiana State Fair 2021 Return Announced USDA Communicationslast_img read more

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RSF condemns attack on Libyan journalists by Italian special forces

By on June 12, 2021

first_img On Libyan revolution’s 10th anniversary, authorities urged to guarantee press freedom Organisation June 24, 2020 Find out more News Follow the news on Libya News Reporters Without Borders condemns the use of violence by members of the Italian special forces against two Libyan journalists on 9 March at Tripoli’s Mitiga airport, where the reporters were covering the repatriation of the bodies of two Italian hostages killed in northwestern Libya. LibyaMiddle East – North Africa Members of an Italian special unit attacked Associated Press reporter Mohamad Ben Khalifa and Reuters reporter Hani Amara verbally and physically. Amara was hit with great force in the face while Khalifa was repeatedly insulted.“It is unacceptable that these Italian officials attacked Khalifa and Amara and blocked access to information,” said Yasmine Kacha, the head of RSF’s North Africa desk. “Libyan journalists continue to be victims of the violence reigning in Libya although they have a key role to play in restoring peace.”The security situation in Libya has been worsening since the fall of the Gaddafi regime in 2011, creating a climate of tension and violence that makes it extremely difficult for journalists to operate. The situation has been further complicated by the existence two rival governments, one based in Tobruk and the other Tripoli. As a result of negotiations under UN aegis, a new single government was announced on 17 December but this attempt to resolve the political crisis has not as yet been successful.Libya is ranked 154th out of 180 countries in RSF’s 2015 press freedom index. February 23, 2021 Find out more to go further Well-known Libyan journalist missing since his arrest Six imprisoned journalists to finally appear in court in Istanbul March 11, 2016 – Updated on March 21, 2016 RSF condemns attack on Libyan journalists by Italian special forces LibyaMiddle East – North Africa Help by sharing this information News News Receive email alerts RSF_en December 17, 2019 Find out morelast_img read more

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Pasadena Museum of California Art Announces the Appointment of Jay Belloli as Interim Executive Director

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first_img Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Top of the News Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Subscribe HerbeautyAmazing Sparks Of On-Screen Chemistry From The 90-sHerbeautyHerbeautyHerbeauty7 Tips To Rejuvenate Winter Dry, Chapped LipsHerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeautyHerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeautyHerbeautyFinding The Right Type Of Workout For You According AstrologyHerbeautyHerbeautyHerbeauty9 Of The Best Family Friendly Dog BreedsHerbeautyHerbeauty Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Name (required)  Mail (required) (not be published)  Website  More Cool Stuff Jay Belloli. Photo courtesy Pasadena Museum of California ArtThe Board of Directors of the Pasadena Museum of California Art (PMCA) announced today the appointment of Jay Belloli as Interim Executive Director of the Museum. Mr. Belloli will start in this position immediately, assisted by Erin Aitali, PMCA Director of Exhibitions, who will assume the role of Interim Associate Director, in addition to her current duties.Mr. Belloli is an independent contemporary art curator and writer who has organized numerous exhibitions at the PMCA. He is the curator of the Museum’s current exhibition Claire Falkenstein: Beyond Sculpture and co-curated the 2014 exhibition June Wayne: Paintings, Prints, and Tapestries with Dr. Betty Ann Brown. After working at the Crocker Art Museum for four years, Mrs. Aitali, who holds a BA and an MA in Art History, both from University of California, Davis, has risen through the ranks of the PMCA since her start at the Museum in 2012. “The Board of Directors is thrilled to have Jay join the Museum staff; over a long career he has made outstanding contributions to the arts community, both in Pasadena and throughout the United States. We are confident that his experience in all aspects of museum and nonprofit management, along with the support of Erin, will cultivate the stability, development, and prosperity of the PMCA as we continue our search for a permanent Executive Director,” says Jim Crawford, Chairman of the Board. “The PMCA has become a place for our audience to connect with unique and previously undiscovered aspects of California art. Through artistic and fundraising efforts, Jay and Erin will play crucial roles in shaping the museum into an even more dynamic cultural space.”An essential and involved member of the Pasadena arts community for over three decades, Mr. Belloli was the Director of Gallery Programs at the Armory Center for the Arts in Pasadena from 1990 through June 2010. During that time he had administrative and budgetary responsibility for the Gallery and organized more than twenty-five exhibitions, including solo exhibitions by such artists as Tim Hawkinson, Craig Kauffman, and Robert Rauschenberg. From 1989 through 2004, he also served as Art Consultant to the Jonathan Club and Jonathan Art Foundation in Los Angeles, which specialize in California Impressionism. Mr. Belloli maintains roles as Vice-President of The Falkenstein Foundation in Los Angeles, President of the Board of Trustees of Southwest Chamber Music in Pasadena, and Chair of the Giving Committee for the Vestry of All Saints Episcopal Church in Pasadena. “In fourteen years, the PMCA has made major contributions to historical and contemporary practices in California art. I am thrilled to take on this new role at the Museum,” says Mr. Belloli. “I have seen the excellence of the Museum’s staff in action and believe in the new initiatives in programming, fundraising, and education. I look forward to upholding the PMCA’s mission to present the wide range of California art and design and to continue groundbreaking exhibitions and related programs.”Mr. Belloli replaces former Executive Director Jenkins Shannon. In addition to his work at the PMCA and in Pasadena, he has nearly twenty years of experience as a curator and museum director across the United States at such institutions as The Detroit Institute of the Arts; the Museum of Modern Art, Fort Worth; the San Diego Museum of Contemporary Art; the Contemporary Arts Museum in Houston; and the former Baxter Art Gallery at the California Institute of Technology. He has written extensively on contemporary art and artists for catalogues and periodicals. He graduated Phi Beta Kappa from Stanford University with a BA in Studio Art and received his MA in the History of Art from the University of California at Berkeley. He lives in Pasadena.The mission of the PMCA is to present the breadth of California art and design through exhibitions that explore the cultural dynamics and influences that are unique to California. Since it opened to the public in 2002, the PMCA has presented almost 125 exhibitions and published 17 catalogues, including Someday is Now: The Art of Corita Kent, Sam Francis: Five Decades of Abstract Expressionism, and Picturing Mexico: Alfredo Ramos Martínez in California. http://pmcaonline.org/ Your email address will not be published. Required fields are marked *center_img Community News People Pasadena Museum of California Art Announces the Appointment of Jay Belloli as Interim Executive Director From STAFF REPORTS Published on Tuesday, July 5, 2016 | 11:42 am Make a comment faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Business News First Heatwave Expected Next Week EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS 3 recommended0 commentsShareShareTweetSharePin it last_img read more

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Homeownership Rate Below Peak Levels Across All Ages

By on May 31, 2021

Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Homeownership Rate Below Peak Levels Across All Ages Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save April 4, 2016 2,085 Views The Best Markets For Residential Property Investors 2 days ago About Author: Brian Honea Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Homeownership Rate Below Peak Levels Across All Ages Demand Propels Home Prices Upward 2 days ago Related Articles Tagged with: Homeownership Rate Renter-Occupied Housing Wells Fargo The homeownership rate in the United States has been on a steady decline since reaching a peak of 69.2 percent in 2004. The rate fell to a 48-year low of 63.4 percent in the second quarter of 2015 before clawing its way back up to 63.8 percent by the end of the year.While the homeownership rate is inching its way back upward, it is still below its peak across all age groups—particularly among consumers ages 44 and younger, according to the Wells Fargo 2016 Housing Market Outlook.For consumers between the ages of 35 and 44, the homeowership rate at the end of 2015 (59 percent) was about 11 percentage points off of its peak of 70 percent from 10 years earlier. For consumers under the age of 35, the homeownership rate at the end of 2015 was about 9 percentage points lower than its peak from 10 years earlier (34 percent compared to 43 percent).The age group with a homeownership rate at the end of 2015 that was closest to its peak was the 65 and older group, which had a rate of 80 percent at the end of 2015 compared to slightly below 78 percent at the end of 2005.The dramatic decline in the homeownership rate has coincided with an equally dramatic rise in the number of renter-occupied households over the last 10 to 12 years, according to Wells Fargo.The number of renter-occupied units, meanwhile, bottomed out at below 34 million in 2004 but has increased every year since. By the end of 2015, there were 42.6 million renter-occupied units in the United States. These two phenomena are unrelated, however, according to Wells Fargo.“The number of renters would have increased even if the homeownership rate had not declined so sharply and will continue to increase even as the homeownership rate recovers,” the report stated.Click here to see the complete Wells Fargo 2016 Housing Market Outlook. The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: HUD to Utilize Housing Trust Fund Allocation Next: DS News Webcast: Tuesday 4/5/2016 Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Homeownership Rate Renter-Occupied Housing Wells Fargo 2016-04-04 Brian Honea The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago read more

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