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With new-home sales growing since 2022, why are housing starts at recessionary levels? Well, it’s a complicated story if you don’t know how the homebuilders operate, and not all homebuilders are the same. The big publicly traded builders have money to pay down mortgage rates and manage their pipelines better than smaller homebuilders. However, even with that reality, when mortgage rates were at 7.50% earlier in the year, housing starts and permits were heading lower, single-family permits were heading lower and the builder’s confidence was falling. We had no growth in residential construction work hiring earlier in the year when…

Coach and Michael Kors.Michael M. Santiago | Eduardo Parra | Europa Press | Getty ImagesA federal judge blocked Tapestry’s acquisition of Capri on Thursday following a brief trial last month in New York.In her order, Judge Jennifer Rochon granted the Federal Trade Commission’s motion for a preliminary injunction to block the proposed merger, which would marry America’s two largest luxury houses and put six fashion brands under one company: Tapestry’s Coach, Kate Spade and Stuart Weitzman with Capri’s Versace, Jimmy Choo and Michael Kors. Tapestry’s stock surged 10% after the order was filed while Capri’s plunged about 50%.In a statement, Tapestry…

A large majority of more than 33,000 striking union members voted against a contract that included big raises but not the restoration of a frozen pension plan. Source link

MLB great Pete Rose will be laid to rest in November … with his family hosting a 14-hour visitation for fans at the Cincinnati Reds’ Great American Ball Park. The team revealed the plans on Thursday … stating it will be an all-day event — from 7 AM to 9 PM, symbolizing Charlie Hustle’s jersey number. It will be free and open to the public … with the Reds saying they would like fans to “come together, honor his incredible legacy, and say their goodbye.” Rose’s family will then hold a private funeral for Rose after the visitation. The Reds…

Propy has launched another facet of its blockchain-based transaction service to make it easier for homes to change hands via cryptocurrency, Propy Crypto Escrow Service. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Propy has launched another facet of its blockchain-based transaction service to make it easier for homes to change hands via cryptocurrency, Inman…

I flew from Connecticut to Las Vegas for a 48-hour weekend getaway.  I didn’t need a ton of time to enjoy what the city has to offer, but I’m glad I planned ahead. I’d definitely see some entertaining shows again, but I probably wouldn’t gamble if I returned.  Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of…

NewsFeedQamar and Sumaya Subuh were selling biscuits to earn a small income for their family in Gaza when Sumaya was struck by a car. The images of Qamar carrying her sister slung over her shoulder quickly spread online. Al Jazeera located the sisters and their family.Published On 24 Oct 202424 Oct 2024 Source link

Kailyn Lowry quitting Teen Mom 2 never sat right with some fans. For many years, Kailyn Lowry’s personality, baby daddy drama, and series of questionable choices captivated Teen Mom 2 viewers. So why did she walk away from the franchise that turned her biggest life setbacks into financial success? Kail is opening up about her motives for quitting. Not for nothing, but she’s plotting a reality TV comeback. Kailyn Lowry is pictured here on an episode of Teen Mom 2, courtesy of an installment that aired in 2022. (Photo Credit: MTV) Why did Kailyn Lowry walk away from ‘Teen Mom…

Compass has made two big additions in Austin and St. Louis. The Weiss Group in Austin is returning after a stint with The Agency, bringing its six-agent team and $75 million in 2023 sales back to Compass. In St. Louis, the 10-agent Monschein Team is leaving Berkshire Hathaway HomeServices. In respective statements, both groups cited Compass’s technology as a key motivator for their moves. “We are excited to return to Compass, a brokerage that aligns perfectly with our values and commitment to providing exceptional service to our clients,” said Dustin Weiss, team lead for the Weiss Group. “The technology and…

Boeing 737 fuselages on railcars at Spirit AeroSystems’ factory in Wichita, Kansas, on July 1, 2024.Nick Oxford | Bloomberg | Getty ImagesSpirit AeroSystems is weighing furloughs or layoffs of hundreds more employees if the Boeing machinists’ strike stretches beyond Nov. 25, a company spokesman told CNBC Thursday.Boeing’s machinists, whose strike is about to enter its sixth week, voted 64% against a newly proposed labor contract on Wednesday, extending the work stoppage that has halted production of most of Boeing’s aircraft, which is centered in the Seattle area.Spirit, which makes fuselages for Boeing’s best-selling 737 Max as well as other major…