More read­ing e-books; fewer opt for pa­per

Austin American-Statesman - - BUSINESS - Hous­ing

NEW YORK — The tastes of the read­ing pub­lic are turn­ing dig­i­tal.

A Pew In­ter­net Re­search Cen­ter sur­vey re­leased Thurs­day found that the per­cent­age of Amer­i­cans aged 16 and older who read an e-book grew from 16 per­cent in 2011 to 23 per­cent this year. Read­ers of tra­di­tional books dropped from 72 per­cent to 67 per­cent. Over­all, those read­ing books of any kind dropped from 78 per­cent to 75 per­cent, a shift Pew called sta­tis­ti­cally in­signif­i­cant.

Those own­ing an e-book de­vice or tablet jumped from 18 per­cent to 33 per­cent, with much of that in­crease coming from last year’s hol­i­day sea­son, when mil­lions re­ceived Kin­dles, Nooks and other e-read­ers as gifts.

Aware­ness that li­braries of­fer dig­i­tal texts grew from 24 per­cent to 31 per­cent.

The tele­phone sur­vey of 2,252 peo­ple aged 16 and older was con­ducted from Oct. 15 to Nov. 10. It has a sam­pling er­ror mar­gin of plus or mi­nus 2.3 per­cent­age points. WASHINGTON — Amer­i­cans bought new homes last month at the fastest pace in more than 2 ½ years, fur­ther ev­i­dence of a sus­tained hous­ing re­cov­ery.

Sales of new homes rose 4.4 per­cent in Novem­ber from Oc­to­ber to a sea­son­ally ad­justed an­nual rate of 377,000, the Com­merce De­part­ment said Thurs­day. That’s the fastest pace since April 2010, when a fed­eral tax credit boosted sales.

New home sales have also in­creased 15.3 per­cent over the past year, although the im­prove­ment comes from de­pressed lev­els. Sales re­main be­low the 700,000 that econ­o­mists con­sider healthy.

Sales in the North­east re­bounded in Novem­ber from dis­rup­tions caused by Su­per­storm Sandy. Sales in the re­gion in­creased 12.5 per­cent last month. That fol­lowed a de­cline of 27.3 per­cent in Oc­to­ber.

The hous­ing mar­ket has steadily im­proved this year, helped by sta­ble job gains and record-low mort­gage rates. More peo­ple are look­ing to buy or rent a home af­ter liv­ing with rel­a­tives or friends dur­ing and im­me­di­ately af­ter

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.