Tag: Building Construction
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Stocks of Chinese developers jump after Beijing signals support for property sector
[ad_1] Shares of Chinese developers jumped early Tuesday after China’s top leadership pledged more policy support and adjustments to property policy, hinting at easing measures targeted at the struggling property sector. Property developers’ shares advanced in both the Hong Kong and mainland markets. The Hang Seng Mainland Properties Index rose 10%, outperforming the benchmark Hang…
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Home builders turn bullish for the first time in nearly a year amid strong housing demand
[ad_1] The numbers: For the first time in nearly a year, home builders are upbeat about the housing market outlook. The shortage of previously-owned sales is helping to buoy builders’ confidence. With mortgage rates above 6%, many homeowners find little incentive to sell—nearly 92% have an outstanding mortgage with a rate below 6%, according to…
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UnitedHealth stock drops as company says seniors catching up on delayed surgery.
[ad_1] Seniors are finally catching up on surgery for problems with their knees and hips they delayed during the pandemic — and that means higher costs for health insurers. The trend was revealed by executives at UnitedHealth UNH at a Goldman Sachs investor conference held on Tuesday. The revelation dented UnitedHealth shares by 4% in…
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How to accomplish home improvement projects in a shaky economy
[ad_1] Spring is kickoff season for many kitchen remodels, bathroom updates and deck repairs, but recent economic turmoil may have homeowners questioning their home improvement plans. Spending on home renovations is expected to slow this year because of factors such as declining home sales and values, rising interest rates, continuing inflation and rumblings of a…
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A record number of homes are being built to rent. Does this hurt house hunters?
[ad_1] As aspiring homeowners contend with high mortgage rates, rising home prices, and a low number of homes for sale, the construction of single-family homes built deliberately to be rented is forging full steam ahead as investors bet on rentals. The number of newly built single-family homes being sold to investors to rent, or also…