United States

Housing Market

U.S. home sales hit 12-month low, Harvey weighs on Houston


WASHINGTON U.S. home resales fell to their lowest in a year in August as Hurricane Harvey depressed activity in Houston and a persistent shortage of properties on the market sidelined buyers.

U.S. mortgage applications fall on higher rates, storms: MBA

NEW YORK U.S. mortgage applications recorded their steepest weekly drop since December on a pickup in borrowing costs and Hurricane Irma's impact on Florida, the Mortgage Bankers Association said on Wednesday.

11:58am EDT

Britain's young shoulder burden of housing crisis, while older reap profits : study

LONDON (Thomson Reuters Foundation) - Britain's young families pay more to live in smaller homes, further from jobs and with less security than their parents' generation, who instead reap profits from the country's housing shortage, according to a report released Wednesday.

Sep 19 2017

Corelogic estimates Hurricane Irma property damage at $42.5-$65 billion

Analytics firm Corelogic on Tuesday estimated total insured and uninsured losses from damage to properties from Hurricane Irma at $42.5-$65 billion.

Sep 19 2017

U.S. homebuilding weakens again, hurricanes muddy outlook

WASHINGTON U.S. homebuilding fell for a second straight month in August as a rebound in the construction of single-family houses was offset by persistent weakness in the volatile multifamily home segment.

Sep 19 2017

Archaic law means no rooms to rent for migrant workers flocking to India's cities

MUMBAI (Thomson Reuters Foundation) - The collapse of a 117-year-old apartment block in a crowded neighborhood in Mumbai last month highlighted the dismal state of affordable rental housing in Indian cities, even as tens of thousands migrate from rural areas everyday in search of jobs.

Sep 19 2017

China central bank backs mortgage rate hikes in capital

BEIJING China's central bank supports a move by some banks to increase lending rates on mortgage loans in the Beijing market, state broadcaster China Central Television (CCTV) on Tuesday quoted the central bank as saying.

Sep 19 2017

Skilled labor shortage clouds U.S. building industry outlook: survey

NEW YORK Contractors for U.S. commercial construction are optimistic about the industry's health in the next 12 months though finding skilled labor still poses challenges, according to a third-quarter survey released on Monday.

Sep 18 2017

UAE’s Emaar Properties gets $1.5 billion loan from First Abu Dhabi Bank: sources

DUBAI Dubai-based Emaar Properties obtained a $1.5 billion corporate finance loan from First Abu Dhabi Bank , sources familiar with the matter said on Sunday.

Sep 18 2017

Australia's Cromwell seeks up to $1.1 billion with Singapore REIT offering - IFR

HONG KONG Cromwell European Real Estate Investment Trust, a property trust sponsored by Australia's Cromwell Property Group , launched on Monday an up to 927 million euros ($1.1 billion) initial public offering in Singapore, IFR reported citing a term sheet of the deal.

Sep 18 2017