Dairy vet co plans new construction in Tulare

City of Tulare, State of California, will consider a request by Tae Inc., on behalf of Neal Properties to construct an approximately 17,224 sq. ft. office / warehouse building for Paragon Pharmaceuticals. Paragon has a smaller office on K St.
The new office / warehouse is proposed to be located on the southwest corner of Cedar Avenue and south ‘H’ Street (The property is zoned C-4 (Service Commercial). The Planning Commission of the City of Tulare will hold a public hearing on Monday, May 13, 2019 beginning at 7:00 p.m., at Council Chambers,

New car prices pinch consumers says Edmunds

New Vehicle Prices Climb to Highest Level of the Year in April, According to Edmunds Analysis
Experts say it keeps getting harder for shoppers to afford a new car as prices continue to rise and interest rates stay high
SANTA MONICA, CA — May 1, 2019 — Rising prices and tightened credit conditions continued to place pressure on the new vehicle market in April, according to the car shopping experts at Edmunds. The average price of a new car is expected to climb to $36,718 in April, the highest level seen so far in 2019. April also marked the fourth straight month of the year that interest rates hovered above 6% — according to Edmunds data, the annual percentage rate (APR) on new financed vehicles is expected to average 6.28% in April compared to 5.58% last year and 4.40% five years ago.
“April sales were a bit dampened by the harsh financing conditions we’ve been seeing in the new car market,” said Jessica Caldwell, Edmunds’ executive director of industry analysis. “Shoppers are really starting to feel the pinch as prices continue to creep up and interest rates loom at post-recession highs.”
According to Edmunds data, zero percent finance offers continued to be tough to come by in April, constituting only 3.20% of financed transactions in 2019, compared to 7.64% in 2018 and 7.38% five years ago. But Edmunds experts note that this might change heading into the summer holiday selldown season.
“Slower April sales didn’t do much to eat into the industry’s mounting inventory levels, so we might start to see manufacturers and dealers begin to loosen the reins on incentives closer to Memorial Day weekend in an attempt to rekindle demand,” said Caldwell.

Visalia home building accelerates

The City of Visalia has released building acvitivity data through April. The pace has picked up since the same timely year. New home permits are up 38% fro the same time last year.The valuation is up 44%. Last year through April the city permitted 171 new homes while this year builders have taken out permit to build 236 homes The total number of all permits is up 23% this