Wall Street Journal (July 20)
“With American homeowners “reluctant to sell because they can’t afford to give up the low mortgage rates they have now,” homebuyers are increasingly turning to new construction. Just over a million existing homes were on the market at May 31, a record low. In contrast, “newly built homes accounted for nearly one-third of single-family homes for sale nationwide in May, compared with a historical norm of 10% to 20%.” This marks “another example of how this housing market is behaving like no other.”
Tags: Construction, Existing, Homebuyers, Homeowners, Housing market, Mortgage rates, Newly built, Record, Reluctant, Sell, Single family, U.S.
USA Today (March 21)
“Groundbreaking federal regulation unveiled Monday could change how Americans – and American companies – think about climate change.” A proposed SEC rule would require listed “companies to disclose the risks they face from global warming. Much as homebuyers are protected by rules requiring a seller to disclose problems, the new SEC rule would allow investors to judge how well or poorly a company is prepared for the future costs of a warming planet.”
Tags: Climate change, Future costs, Global warming, Groundbreaking, Homebuyers, Investors, Judge, Protected, Regulation, Risks, Rule, rule Disclose, SEC, U.S.
