The number of homes being built in December plunged to the lowest level in more than two years.
A decline in interest rates in the fourth quarter wasn’t enough to offset the impact of rising prices on home sales.
CNBC’s Rick Santelli, Steve Liesman and Dana Olick break down the December housing numbers, including housing starts and building permits.
Steve McCann of Lendlease discusses the outlook for the company’s core business in Urbanization, following the announcement that the firm’s Engineering and Services business will be reported as non-core in its full-year results for 2019 and beyond.
“[Rich Barton has] a huge track record” and his return to be the CEO “took the stock up,” RBC’s Mark Mahaney says. But the internet analyst is still skeptical.
Peter Churchouse of Portwood Capital says property prices in China’s tier three and tier four cities have bounced “very strongly” over the past year, whereas the country’s tier one and high tier two cities have been “pretty flat.”
Real estate agents and analysts have long been blaming weak sales on too few listings and rising rates.
The political pressure that sunk Amazon’s New York City deal was borne out of a lack of understanding of the benefits, says billionaire William Rudin.
The U.S. housing market has been stymied by a sharp rise in mortgage rates since 2016 as well as land and labor shortages.
SoftBank’s Vision Fund led a $200 million investment in Clutter at a $600 million valuation.