New home construction slumped in June as both housing permits and new home starts fell from May levels, the Census Bureau and the Department of Housing and Urban Development reported on Tuesday. Permits came in at 1.685 million, down 0.6% from the revised May reading of 1.695 million while starts fell 2% to 1.559 million,
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Dubai’s residential sales hit a 13-year high in May, mostly driven by new developments, according to the latest market data. The residential transactions in the first five months of the year totaled 30,903 homes, the most since 2009. That number was up 33% compared to the same period last year, according to a monthly report
Hodges Capital Management founder Craig Hodges on his outlook for the market amid inflationary pressures and labor shortages. Luxury home builder Toll Brothers Inc. reported in its fiscal year 2021 third quarter earnings results on Tuesday that the firm hit a new record for new contracts on the quarter, exceeding Q3 of last year by