
US Homebuilder Sentiment Tumbles by Most Since April 2020
US homebuilder sentiment tumbled this month by the most since the immediate aftermath of the pandemic as firms faced higher materials costs and a slowdown in demand.
Latest Videos
The information you requested is not available at this time, please check back again soon.
US homebuilder sentiment tumbled this month by the most since the immediate aftermath of the pandemic as firms faced higher materials costs and a slowdown in demand.
KPMG will quit as auditor of Adler Group SA, the embattled German real estate firm, after refusing to give an opinion on its 2021 accounts.
Home Depot Inc. boosted its outlook for the year after an unexpected jump in first-quarter same-store sales showed continued demand for home-improvement supplies, even in an era of rising mortgage rates. The retailer’s shares rose.
China’s general fiscal revenue plunged 41% in April as the government gave money back to taxpayers to help businesses weather the impact of Covid curbs that have weighed on the economy.
Russians topped Turkey’s ranking of foreign home buyers for the first time, the latest sign of the country’s appeal for capital fleeing sanctions over Moscow’s invasion of Ukraine.
Nov 5, 2019
BNN Bloomberg
,The number of homes up for grabs in Canada’s largest housing market shrank again in October, prompting another warning from the regional real estate board that price growth could heat up.
There were 15,375 active listings across the Greater Toronto Area (GTA) in October, marking an 18.8 per cent decline compared to a year earlier, according to data released by the Toronto Real Estate Board Tuesday morning.
Meanwhile, sales rose 14 per cent year-over-year as 8,491 properties traded hands in the month.
The twin forces of shrinking supply and increased selling activity helped advance the average selling price by 5.5 per cent to $852,142.
“As market conditions in the GTA have steadily tightened throughout 2019, we have seen an acceleration in the annual rate of price growth,” said TREB Chief Market Analyst Jason Mercer in a release.
“While the current pace of price growth remains moderate, we will likely see stronger price growth moving forward if sales growth continues to outpace listings growth, leading to more competition between home buyers.”