Home Depot to Buy Roof-Supply Firm SRS for About $18.25 Billion
Home Depot Inc. is making its biggest acquisition ever to win over more professional contractors as the company looks beyond its do-it-yourself roots to revive growth.
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Home Depot Inc. is making its biggest acquisition ever to win over more professional contractors as the company looks beyond its do-it-yourself roots to revive growth.
Mortgage rates in the US declined, helping to ease affordability challenges for homebuyers.
Country Garden Holdings Co., one of China’s biggest property developers, warned it will miss a deadline for reporting annual results, further complicating plans to restructure its debt following a default last year.
More New Yorkers have stopped paying their property taxes — a troubling trend since the onset of the pandemic that city officials attribute to the end of a tax-lien sales program that punishes delinquency.
US consumer sentiment rose markedly toward the end of March, supported by strong stock-market gains and expectations that inflation will continue to ease.
Jul 16, 2020
Bloomberg News
,U.S. homebuilders’ outlook improved in July and is back at pre-pandemic levels as the housing market continued to lure buyers looking for more space and attracted by record-low interest rates.
A gauge of builder sentiment jumped to a preliminary 72, a 14-point gain from June, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Analysts surveyed by Bloomberg expected a reading of 61. A rating above 50 is considered positive. July’s increase followed a 21-point uptick in June.
Separate reports on Thursday showed that jobless claims fell in early July and that retail sales advanced more than forecast in June.
The improvement in homebuilders’ optimism signals continued housing market growth after record-lows in April. But the growing numbers of virus cases in the Sunbelt and Western states could impair business confidence and result in a slump in the coming weeks. The biggest increase in regional scores was in the Northeast, followed by the Midwest, the West and the South.