Summer doesn't put damper on home sales
MANATEE -- Eight single family homes that sold for more than $1 million each in Manatee County in the past few weeks show the high-end residential market running in high gear at the peak of summer.
The week was one of the most active in the price category this year. So far in 2015, 92 homes priced at $1 million or more have sold in Manatee County according to the Multiple Listing Service.
The top sale for the week was a beachfront lot on Longboat Key with two homes. According to Manatee County property records, James and Valerie Brown of Lakeland, Tenn. purchased the property at 6381 Gulf of Mexico Drive for $1.68 million from Holmes Beach development and property investment company Bonaire LBK. Built in 1964, the homes total more than 2,500 square feet.
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Bonaire purchased the property in 2014 for $1.2 million.
The second-priciest sale on the list was for a brand-new, five-bedroom home just to the north in Holmes Beach. David and Iris Julian of Virginia Beach bought the 2,280-square-foot house for $1.65 million on July 22.
Single family houses fuel gains in U.S. homebuilding
WASHINGTON -- U.S. builders started work on single family houses last month at the fastest pace since the Great Recession began in late 2007.
Housing starts in July rose 0.2 percent to a seasonally adjusted annual rate of 1.21 million homes, the Commerce Department said Tuesday. Construction of single-family houses accounted for all of the gains, shooting up 12.8 percent last month to the highest rate since December 2007.
Google debuts new wireless router
SAN FRANCISCO -- Google is making a Wi-Fi router as part of its ambition to provide better Internet connections that make it easier for people to access its digital services and see more of its online advertising.
Pre-orders for the $199 wireless router, called OnHub, can be made beginning Tuesday at Google's online store, Amazon.com and Walmart.com. The device will go on sale in stores in the U.S. and Canada in late August or early September.
Google is touting the cylinder-shaped OnHub as a leap ahead in a neglected part of technology.
Yum Brands names new CEO of China business
NEW YORK -- Yum Brands, the parent of KFC, Pizza Hut and Taco Bell, is naming a new CEO of its China division as it works to reverse a sales skid in a key market.
The company said Tuesday that Micky Pant, 60, is now the CEO of its China division. He replaces longtime leader Sam Su, who is retiring. Pant has been the CEO of KFC since the beginning of 2014 and now takes over the business that Yum Brands describes as the single biggest contributor to its profits.
-- Herald staff and wire reports