Home Depot Inc. (HD) exceeded revenue and earnings per share expectations in its third-quarter earnings report, buoyed by recent extreme weather events. Analysts maintain their bullish outlook, citing positive factors like cyclical housing trends and share gains in the professional market. The stock is up over 1.8% in morning trading.
As the US awaits election results, investors are closely monitoring stocks that could be significantly impacted by a win for either Republican Donald Trump or Democrat Kamala Harris. This article analyzes key sectors and specific companies poised to benefit or suffer depending on the outcome, providing insights into the potential market shifts.
The Mortgage Bankers Association (MBA) is advocating for the creation of a National Housing Director to streamline housing policy amidst rising regulatory hurdles and political uncertainty. CEO Bob Broeksmit believes a centralized authority is crucial to navigate the complex landscape of housing regulations and ensure consistent oversight across agencies.
MariMed, a multi-state marijuana operator, has launched a philanthropic initiative called ‘Help on the Homefront’ to provide financial assistance to veterans facing housing challenges. The program, spearheaded by MariMed’s InHouse brand, will award $5,000 to a veteran in each of its retail markets, including Maryland, Massachusetts, Delaware, and Illinois.
The UK rental market is more competitive than ever, with multiple applicants vying for each available property. This article offers expert advice from letting agents, providing valuable insights into how to stand out from the competition and secure your dream home, from being proactive to demonstrating genuine interest and understanding the financial aspects of the market.
US stock markets closed with a mixed performance on Wednesday, with the Dow Jones Industrial Average dropping over 200 points. Energy shares led the decline while utilities saw gains. Housing data showed a dip in new single-family home sales. Meanwhile, European and Asian markets also saw mixed performance.
As homeownership becomes increasingly out of reach for many, built-to-rent communities are emerging as a viable alternative, offering single-family homes designed specifically for renters. These developments are gaining popularity in various regions, particularly in the Sunbelt, attracting individuals who desire a house but face affordability challenges. While some housing advocates believe this trend is a positive step towards alleviating the housing crisis, concerns remain regarding its impact on home prices.
Build Change, a global expert in disaster-resilient housing, announces two new partnerships focused on empowering women and communities of color in Indonesia and Colombia to overcome barriers to climate-resilient housing. In Indonesia, a new microloan program will help women homeowners finance upgrades to their homes to combat extreme heat. In Colombia, community organizations will be trained to advocate for climate-resilient housing policies and promote access to housing improvement programs.
Pastor Corey Brooks, founder of Project H.O.O.D., argues that Democrats are exploiting Black Americans by claiming to fight racism while simultaneously supporting policies that he believes harm the Black community. He cites the vetoed California bill offering housing loans to illegal immigrants and the lack of progress on issues like education and violence in Black neighborhoods as examples of this hypocrisy.
California Governor Gavin Newsom vetoed a bill that would have expanded the state’s first-time homebuyer assistance program to include undocumented immigrants, citing financial constraints amid a projected budget deficit. The decision sparked criticism from Democrats who argued the bill aimed for fairness in housing access, while Republicans maintained that state assistance should prioritize legal residents.
