Dates, Coffee and Camels—Saudi Arabia’s Sovereign-Wealth Fund Bets Big at Home
After pumping tens of billions of dollars into global investments, the $700 billion Public Investment Fund is accelerating spending at...
Residential Building Construction
High Rates, Low Supply Hinder Home Buying This Summer
Existing home sales, which make up most of the housing market, decreased 3.3% in June from the prior month to...
Why Economies Haven’t Slowed More Since Central Banks Hit the Brakes
Government aid and the effects of the pandemic are blunting the impact of higher interest rates, for now. Source link
Disney’s Orlando Campus Cancellation a Blow to Neighboring Projects
Adjoining commercial and residential developments were banking on the relocation of 2,000 Walt Disney employees to Florida. Source link
China’s Housing Market Has Plenty of Space but Not Enough Buyers
Around a third of all newly completed apartments in the country went unsold in 2022. Source link
U.S. Home Sales Post Record 10th Straight Month of Declines
EconomyU.S. EconomyNovember existing-home sales fell 7.7% as Fed keeps raising interest rates Source link
U.S. Home Sales Fell for Ninth Straight Month in October
Sales of previously owned homes declined to a seasonally adjusted annual rate of 4.43 million, the weakest rate since May...
China Dials Back Property Restrictions in Bid to Reverse Economic Slide
WorldAsiaChinaPartial easing of housing-sector rules comes as Beijing also seeks to lessen economic toll of strict Covid controls Source link
Economy Week Ahead: Federal Reserve and Other Central Banks in Focus
Federal Reserve Chairman Jerome Powell’s remarks are always of interest to investors. Photo: BRENDAN MCDERMID/REUTERS Sept. 18, 2022 3:00 pm...
White House Explores Rail-Freight Alternatives as Possible Strike Looms
The White House is assessing how other transportation providers could fill potential gaps in the nation’s freight network as labor...
U.K. Home Builder Vistry to Buy Rival Countryside for $1.4 Billion
U.K. home builder Vistry VTY -0.07% Group PLC agreed to acquire rival Countryside Partnerships CSP 5.26% PLC for about $1.44...
China’s Stumbling Manufacturing, Property Sectors Show Long Road to Recovery
China’s major economic pillars wobbled in July with weakness in manufacturing and the all-important property sector, showing the pressure on...
U.S. Home Prices Hit New Record of $416,000 in June as Sales Continued to Slide
The median existing home price hit another record in June, rising to $416,000, and sales declined for the fifth straight...
If the U.S. Is in a Recession, It’s a Very Strange One
Economic output is down—but the job market is strong, unlike in previous recessions. It’s the latest twist in the odd...
Big-Ticket Goods Orders, Pending Home Sales Point to Steady Demand
Orders for long-lasting goods and the number of houses going under contract in the U.S. both rose last month, signs...
They Came, They Hiked, They Stayed: Retirees Lift Fortunes in Rural America
PIGEON FORGE, Tenn.—Tom and Barb Hansen’s search for a retirement spot reads like the script to a road movie. California’s...
Home Depot Expects Sales Growth to Slow in 2022
Sales growth will likely slow this year for Home Depot Inc., the home-improvement retailer said Tuesday, an indication that the...
Covid Is Making Many Offices Obsolete. Here’s What Happens to Them Next.
Allstate Corp.’s suburban campus outside Chicago, with its interconnected buildings, manicured grounds and acres of parking, represented a new vision...
China Moves to Boost Slowing Economy
HONG KONG—China’s central bank said it would reduce the amount of money banks are required to set aside as it...
Farewell Offshoring, Outsourcing. Pandemic Rewrites CEO Playbook.
Uncertainty in the global supply chain is driving executives to seek operations away from cheaper countries to locales affording greater...
