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.
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