Construction industry

Comparable sales fell 3.5% in its fiscal fourth quarter, Home Depot said Tuesday.

Spending on furniture and related items fell nearly 12% from the year-earlier period in October.

Residential starts increased 1.9% last month to a 1.37 million annualized rate, the highest in three months, government data showed Friday.

The National Association of Home Builders/Wells Fargo gauge decreased six points to 34 this month, according to data out Thursday.

Between 2020 and 2022, both companies benefited from locked-down consumers that took on renovations.

In conjunction with an announcement last week, federal agencies will conduct training workshops to help developers, lenders and other stakeholders benefit from the Biden administration's housing supply plan.

Residential starts increased 7% last month after falling by the most in over a year in August, according to government data released Wednesday.

Residential starts increased 3.9% last month to a 1.45 million annualized rate, according to government data released Wednesday.

The cohort is outperforming the broader market — up more than 50% year-to-date versus the S&P 500's 18% gain. 

Denver-based Proprietary Capital, who offers a platform for institutional investors seeking returns from mortgage-related assets, agreed to purchase the New Jersey-based lender as it seeks to increase the number of opportunities it offers.