Lagging Real Estate Stocks Have Dropped Too Far, Analysts Say
Wall Street analysts see a double-digit upside potential for the S&P 500’s biggest losers this year: real estate stocks.
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Wall Street analysts see a double-digit upside potential for the S&P 500’s biggest losers this year: real estate stocks.
US Treasury Secretary Janet Yellen said she still sees underlying price pressures receding even as a tight housing supply has helped stall the downward path of inflation.
About $52 billion, or 31%, of all office loans in commercial mortgage bonds were in trouble in March, according to KBRA Analytics.
Central Puerto SA, Argentina’s biggest power supplier, is in talks to invest in Canadian miner McEwen Copper Inc.’s Los Azules project, according to people familiar with the matter.
Real estate transactions registered in Hong Kong nearly doubled in April, hitting a three-year high, just months after the government took steps to revive the market.
May 17, 2021
The Canadian Press
The housing agency says the annual pace of starts for April was 268,631 units, down from 334,759 units in March.
CMHC says the annual pace of urban starts fell 16.9 per cent in April to 251,504 units as the pace of starts of apartments, condos and other types of multiple-unit housing projects dropped 22.8 per cent to 251,504 units.
The annual rate of single-detached urban starts edged down 0.1 per cent to 78,918.
Rural starts were estimated at a seasonally adjusted annual rate of 17,127 units.
The six-month moving average of the monthly seasonally adjusted annual rate of housing starts was 279,055 units in April, up from 272,164 in March.