Housing Industry News
A collection of Housing latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Labor's O'Neil admits housing market undergoing a 'correction'
Housing Minister Clare O'Neil has acknowledged that Australia's property market is undergoing a price correction as auction clearance rates plummet, conceding the slowdown is due in part to Labor's tax shake-up for investors as well as the impact…
KB Home Reports Lower Revenue as Difficult Housing Market Persists
reported lower revenue and profit in the second quarter, as it continued to contend with a difficult housing market. The home builder on Tuesday reported a profit of $27.3 million, or 43 cents a share, compared with a profit of $107.9 million, or…
KB Home Q2 Review: Muted Housing Market Unlikely To Recover Soon (NYSE:KBH)
KB Home remains a 'Hold' as persistent high mortgage rates and weak first-time buyer demand constrain recovery prospects. Q2 results were soft: revenue fell 27%, gross margin dropped to 15.2%, and operating margin compressed to 3%. KBH pivots to a…
The nation's most competitive housing market where 58% of homes sell above ask is a shocking New Jersey city
Newark, Newark — it's a helluva town. Indeed, Newark — the transit-connected New Jersey city a mere 45 minutes from Midtown Manhattan — just ranked as the most competitive housing market in the nation, according to a spring…
Sydney, Melbourne tipped to lead housing price drops as market cools
Up to $122,000 could be wiped off the value of the typical Sydney house over the next year, while Melbourne's median house price could drop below $1 million, Domain forecasts. The real estate platform has published housing price forecasts for the…
House gives final approval to landmark housing bill aimed at lowering costs
WASHINGTON (AP) — The House gave final approval Tuesday to a broad bipartisan bill aimed at lowering the cost of housing, with lawmakers in both parties eager to show progress on affordability issues ahead of this year's midterm elections.
Treasurer contradicts Housing minister on property market 'correction'
Treasurer Jim Chalmers walked back Housing Minister Clare O'Neil's acknowledgement on Wednesday that Australia's property market is undergoing a price correction as auction clearance rates plummet following Labor's tax changes, insisting the falls…
House sends Trump sweeping bipartisan housing package
June 23 (UPI) -- Lawmakers in the U.S. House of Representatives on Tuesday overwhelmingly approved a sweeping bipartisan housing package that seeks to lower housing costs and expand homeownership access, sending the legislation to President Donald…
Beer and sandwiches: At the Nottingham House in Sheffield
Nobody has ever been able to satisfactorily explain to me why the best pub in Sheffield is called the Nottingham House. On arriving you'll realise this geographical quandary doesn't matter. Not only is the Notty House the best pub in Sheffield, but…
House gives final approval to bipartisan housing bill aimed at lowering costs
The House gave final approval on Tuesday to a broad bipartisan bill aimed at lowering the cost of housing, with lawmakers in both parties eager to show progress on affordability issues ahead of this year's midterm elections. The 358-32 vote sends…
Ferrari ($RACE): The Luxury House That Happens To Make Cars
Maranello, Italy - February, 2020. View of the Scuderia Ferrari sign at the entrance of the Ferrari Formula 1 department in Maranello The car that was supposed to break Ferrari arrived in Rome on a Monday night in late May, lit from the inside like…
Policy Chief Stresses Urgent Need to Expand Housing Supply
Presidential policy chief Kim Yong-beom has stressed the urgency of expanding housing supply, saying that the country must build houses to address the shortage. Speaking at a forum hosted by the Kwanhun Club in Seoul on Wednesday, Kim said that the…
The tech ban driving up housing prices
That such technology can significantly ease managers' work while reducing operating costs, and that efficiency gains from automation can indeed improve landlords' profitability — some of which likely offset otherwise higher rents — is…
Congress passes landmark housing bill ahead of midterm elections
Broadly, the legislation is designed to bring down costs by increasing the housing supply, long a goal for affordable housing advocates who say the U.S. housing market is millions of homes short of where it should be. Affordability, given years of…
Worker accommodation opens in Horsham but more housing needed
The first stage of the Horsham Medical Worker Accommodation project has been completed, with 36 apartments ready for healthcare and essential workers. Horsham has become an investor hotspot with multiple projects scheduled for the coming years.
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