Sales of new single-family homes rose 1.7% to a 728,000 seasonally adjusted annual rate in October, according to data released by the Commerce Department yesterday. The October figure came after a downwardly revised 716,000 rate in September, originally reported as 770,000. IFR Markets’ poll of economists had predicted a 753,000 sales level for October.Sales of new homes were 23.5% below the 952,000 rate in October 2006, Commerce said. The supply of new homes at the current sales rate slid to 8.5 months from 9.0 months in September.
-
The trio have decades of experience in high yield and investment grade portfolios and will launch new high-yield investment strategies and vehicles for Rockefeller.
48m ago -
"The rating action reflects our view of MIA's substantial demand, which surpasses pre-pandemic activity, and its leadership in enplanement growth for large hub airports since the fiscal 2019 peak," said S&P's Nora Wittstruck.
1h ago -
A state ban on bond underwriters that "boycott" or "discriminate" against the fossil fuel or firearms industries has resulted in fewer banks providing municipal financial products and services.
3h ago -
The company expects construction to take four years, with operations beginning in summer of 2028 ahead of the Los Angeles Olympics.
4h ago -
Los Angeles Mayor Bass' proposed $12.8 billion spending plan aims to close a $467 million deficit.
4h ago -
Fitch Ratings said the negative outlook on the BB-plus rating reflects Miami Jewish's thin operating profile.
April 22