A house under construction is seen in Culver City, a neighbourhood of Los Angeles. Agence France-Presse
US homebuilding surged to nearly a 15-year high in March, but soaring lumber prices amid supply constraints could limit builders’ capacity to boost production and ease a shortage of homes that is threatening to slow housing market momentum.
The US housing market recovery was back on track amid low mortgage rates. The US homebuilding surged to a 13-year high in December as activity increased across the board and this could help support the longest economic expansion on record.
SoftBank Group Corp-backed Better HoldCo said on Tuesday it will go public through a merger with a blank-check firm sponsored by investment firm Novator Capital, valuing the mortgage startup at $7.7 billion.
New York: Three big US banks reported strong earnings even as warning signs emerged that the playing field is beginning to tilt against the financial industry. While the biggest risk ahead is that lower interest rates will pressure banks’ bottom lines in the coming months, the squeeze is already beginning. JPMorgan Chase & Co and Wells Fargo
Dubai Chamber’s representative offices in Latin America recently organised a webinar to promote Expo 2020 Dubai as a platform to doing business in Dubai
President Joe Biden all set to unveil a target backed by the Detroit automakers for half of all cars sold in the United States by 2030 to be zero-emission vehicles, the White House announced.
Emirates and Aeromar have announced that they have entered into an interline partnership, which will provide seamless connectivity for customers between destinations in Mexico and United States via Mexico City to Emirates’ global network.