Industries

Louisiana's Transportation Secretary and the former Assistant to the President for Infrastructure discuss the state of play in the U.S. P3 sector, the impact of the new infrastructure law, and what's in store for the next decade.

In addition to hinting at a March rate hike, the central bank this week announced an intention to have Treasury securities make up a greater share of its holdings, which has implications for securitized home loans.

Although seasonal slowing and limited inventory have temporarily reduced prospective financing, the number sales in the sector hit nearly 1 million in November, according to the Mortgage Bankers Association.

U.S. home construction starts strengthened in November to the fastest pace in eight months, suggesting builders are making a bit more headway on backlogs even as supply and labor constraints linger.

The two companies will integrate platforms to streamline sales in the single-family, build-to-rent property market.

On Tuesday, lumber futures were trading around $735.70 per 1,000 board feet in Chicago, more than double the pre-pandemic five-year average around $356.

Sales of new U.S. homes increased in September to the highest level in six months, underscoring solid underlying demand.

While September's single-family starts were unchanged from the prior month, multifamily activity fell 5%, according to government data.

But overall improvement in September employment numbers are likely to encourage the Federal Reserve to begin tapering their asset purchases.