By Reuters Staff
2 Min Read
FILE PHOTO: Newly constructed houses built by Lennar Corp are pictured in Leucadia, California March 18, 2015. REUTERS/Mike Blake
(Reuters) - Lennar Corp beat quarterly profit estimates on Tuesday as historically low mortgage rates and a COVID-19 pandemic-induced shift to suburban living encouraged more Americans to buy homes.
The housing market has been one of the persistent bright spots throughout the coronavirus-driven recession. However, it faces prospects of a slowdown as mortgage rates rise on the back of a surge in U.S. Treasury yields.
Lennar estimated second-quarter orders an indicator of future sales between 16,500 homes and 16,700 homes, above analysts’ estimates of 16,240 homes, helped in part by a shortage of previously owned houses on the market.
2 Min Read
FILE PHOTO: A row of houses stand in a newly built subdivision in East Gwillimbury, Ontario, Canada, January 30, 2018. REUTERS/Mark Blinch
nada OTTAWA (Reuters) - Canadian home sales and prices continued to surge in February, setting new records amid strong demand across much of the country, prompting the Canadian Real Estate Association (CREA) to revise up its sales forecasts for the year.
Separately, housing starts fell in February from January, as cold weather returned, data from Canada’s national housing agency showed, though starts remain well above pre-pandemic levels amid strong demand.
Home resales jumped 6.6% in January from February, and actual sales, not seasonally adjusted, soared 39.2% from a year earlier, CREA said on Monday. The group’s Home Price Index was up 17.3% from last February and up 3.3% from January.
(Adds details on COVID-19 housing aid, confirmation hearing remarks)
WASHINGTON, March 10 (Reuters) - The U.S. Senate voted to confirm Democratic Representative Marcia Fudge as Secretary of Housing and Urban Development, giving President Joe Biden another cabinet member focused strongly on reducing economic inequalities.
The Senate voted 66-34 in favor of Fudge’s nomination, with all Democrats and independents and 16 Republicans voting in favor of the Ohio congresswoman who has sometimes made incendiary remarks about Republicans.
Fudge, 68, during her confirmation hearing called for more housing aid to help tens of millions of people who are behind on rent and 3 million homeowners currently in forbearance or delinquent on their mortgages due to the coronavirus pandemic.
By Reuters Staff
March 3 (Reuters) - Norway’s sovereign fund said: NORWAY WEALTH FUND TO PUT KIRIN HOLDINGS LTD CO ON WATCH LIST FOR POSSIBLE DIVESTMENT DUE TO UNACCEPTABLE RISK THAT THE COMPANY CONTRIBUTES TO SERIOUS VIOLATIONS OF INDIVIDUALS’ RIGHTS IN SITUATIONS OF WAR OR CONFLICT -CENTRAL BANK NORWAY WEALTH FUND ALLOWED TO INVEST AGAIN IN ATAL SA/POLAND -CENTRAL BANK NORWAY WEALTH FUND TO CONDUCT ACTIVE OWNERSHIP DIALOGUE WITH THYSSENKRUPP AG OVER RISK THAT THE COMPANY CONTRIBUTES TO OR IS RESPONSIBLE FOR GROSS CORRUPTION -CENTRAL BANK Source text: bit.ly/2OhQivU (Reporting By Terje Solsvik)
路透新闻部
3 分钟阅读
DUBLIN, Feb 26 (Reuters) - Irish housebuilder Glenveagh Properties said on Friday it is seeing huge demand for new homes, as data showed that mortgage approvals in Ireland rose in January despite the country being back in a strict COVID-19 lockdown.
Glenveagh, which chiefly builds homes in and around Dublin, reported an operating loss for 2020 of 12.7 million euros compared to a profit of 29.4 million euros a year earlier after building sites were shut due to COVID-19 restrictions during one of its usually most productive times of the year.
However, it said there has been a limited impact on housing demand as the pandemic has disproportionately hit younger, low income workers and led to a record spike in savings among those still working.