Homebuilding activity has dropped during the coronavirus pandemic. CNBC’s Diana Olick reports.
Redfin CEO Glenn Kelman joins “Closing Bell” to discuss home sales.
Homebuying demand is down about 20% during the economic downturn, but there’s a shift to more rural areas, Redfin CEO Glenn Kelman said on “Closing Bell.”
The government’s coronavirus mortgage bailout has now swelled to nearly 3 million borrowers, and the expectation is that the numbers will multiply. Mortgage servicers are struggling to make up those payments to bondholders and are begging for a bailout.
As pressure builds on U.S. home construction stocks, one trader sees a better opportunity in a home improvement play.
Goodwin Gaw of Gaw Capital Partners says the outlook for office real estate will depend on central banks and government actions to prevent a dramatic recession.
China’s GDP growth rate may only return to pre-coronavirus levels in the fourth quarter of 2020 at the earliest, says Bo Zhuang, TS Lombard’s chief China economist.
Nothing can compare to the crushing economic tsunami created by the coronavirus pandemic, but in the housing market, there are some parallels to natural disasters.
Homeless shelters across the country are facing volunteer shortages and increased operation costs as they find ways to respond to the deadly coronavirus outbreak while continuing to take in residents.
CNBC’s Diana Olick breaks down the March housing starts and building permits data.