U.K. house prices fell the most in more than a decade last month as the coronavius lockdown shuttered the housing market, according to Nationwide Building Society.

Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

U.S. construction spending fell 2.9 per cent in April, the largest drop in 18 months, with broad declines across all building activity as shutdowns hobbled projects and workers were told to stay home.

Shelter Growth Capital Partners LLC is exploring the sale of a U.S. commercial real estate loan portfolio with a face value of $711 million, according to people with knowledge of the matter and a marketing document sent to prospective buyers.

Mortgage investors have yet to enjoy robust returns this year despite the Federal Reserve providing US$688 billion of support to the sector since mid-March.

Heathrow and Gatwick airports have topped a list of the biggest commercial property taxpayers in England and Wales, even as the coronavirus pandemic pummels the travel industry.

As Citigroup Inc.’s Asia chief started his January Covid-19 briefing for the bank’s top executives, it quickly became apparent: The firm’s normal backup plans weren’t going to work.

With values depressed by Covid-19, Capco's $540 million purchase of 26% of Shaftesbury is a shrewd move financially and strategically.

Barclays Plc will begin returning about 700 staff to offices in the U.K., U.S. and India starting next month.

A top regulator’s plan for boosting Fannie Mae and Freddie Mac’s ability to withstand losses could mean higher costs for many mortgage borrowers, with the burden falling most heavily on those with less wealth and lower incomes, according to economists and housing-finance experts.