US housing starts spiked 18.6% in January, as builders ramped up construction of single-family houses to the fastest pace in 8 months. The Commerce Department said Friday that January ground breakings occurred at a seasonally adjusted annual rate of 1.23-M. Home construction rebounded sharply from December, when the annual rate was just 1.04-M. The lion’s share of […]
$SPY, $USD US homebuilding fell to a more than 2-year lows in December as construction of both single and multi-family housing declined, the latest indication that the economy lost momentum in the fourth quarter. Other details of the report from the Commerce Department on Tuesday were also downbeat and suggested that the housing market could remain sluggish […]
Tuesday, President Trump expressed displeasure with a tentative deal by congressional negotiators on border security spending that offered no funds for his promised US-Mexican border wall, but did not reject it outright, indicating he did not expect another government shutdown. President Trump demand for $5.7-B from Congress to help build the Wall, said he has […]
$BAC US real estate brokers are trying to figure out why sales of existing homes dove in December. US home sales fell to their lowest mark in 3 years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market. The weak report from the National Association of Realtors […]
US Housing Starts Rise, Large Scale Multi-family Development Continues US home-building rose in October on continuing multi-family housing projects, but construction of single-family homes fell for a 2nd month running, suggesting the housing market has softened as mortgage rates rise. Other details of the report published by the Commerce Department on Tuesday were also soft. Building permits declined […]
President Trump on the FBI, “Even the building is ‘brutalist architecture” US Pesident Donald Trump is not happy with the J. Edgar Hoover building in Washington, DC, home to the FBI’s HQ, which he called “brutalist architecture.” “Even the building is terrible,” President Trump said. “It’s one of the brutalist-type buildings, you know, brutalist architecture. […]
President Trump, “We are Building the Wall.” Wednesday, US President Donald Trump said his administration will begin work on a section of his promised US-Mexico border wall in San Diego, at the request of the major California county.” San Diego has asked us to go forward with their section of the wall in California and […]
“Walls Work”, We are Building ‘The Border Wall’ Backing The Trump Administration’s border wall plans, Acting Deputy Commissioner of US Customs and Border Protection Ronald Vitiello pointedly struck back at criticism aimed at the border wall’s funding, necessity, and effectiveness Friday, saying his “agents and officers have decades of experience” and are “vocal about their […]
US Housing Starts Decline, Building Permits Stabilize $DIA, $SPY, $QQQ, $VXX US home-building declined in December on a slowdown in the construction of single-family housing units following 2 months of strong gainers. Housing starts decreased 8.2%to a seasonally adjusted annual rate of 1.192-M units, the Commerce Department said on Thursday. November’s sales pace was revised up to […]
Bangkok’s Newest Luxury Landmark: Magnolias Ratchadamri Magnolias Ratchadamri Boulevard is the latest Super-luxury development that has risen in Bangkok, Thailand. The 60-story high-rise mixed-use development sits on 9,600 sqm of prime real-estate on Ratchaprasong Road, comprising luxury residences and the 5-Star Waldorf Astoria Bangkok, the 1st Waldorf Astoria in South East Asia. To elevate the […]
US Construction Spending Rises 1.4%, Best Gainer in 5 Months U.S. construction spending surged 1.4% in October, the best gain in 5 months, with all major categories of building posting gains. The October spending increase was the 3rd monthly gainer after more modest advances of 0.3% in September and 0.5% in August, the Commerce Department said […]
Li Ka-shing’s HK Skyscraper Sold for Record HK$40.2-B The landmark building owned by Hong Kong’s richest man Li Ka-shing has been sold to a consortium led by a Chinese energy firm. A landmark building owned by Hong Kong’s richest man Li Ka-shing, 89 anni, has sold for a record price a report said last week, […]
US Housing Starts Fall for 2nd Month Running, Stocks Mark Record Highs $DIA, $SPY, $QQQ, $VXX The S&P 500 is at new highs for the 7th session running as The Trump Rally extends US home-building fell for a 2nd straight month in August, as a rebound in the construction of single-family houses was offset by […]
Dubai’s New Tallest Tower is Taking Shape The $1-B mixed-use building will form the centerpiece of the 6 sqkm Dubai Creek Harbour The Tower at Dubai Creek Harbour, slated to become the new tallest tower in Dubai is now taking shape in the Emirate. Launched in April last year, the $1-B mixed-use building will form […]
Shares of Boral Ltd (BLD.AX) are on watch as the Tenkan Line has moved below the Kijun line, indicating negative momentum for the equity. Boral Ltd moved -0.03 in the most recent session and touched 6.89 on a recent tick. Traders are paying renewed attention to shares of Boral Ltd (BLD.AX). The current 14-day RSI is presently sitting at […]
Massive Fire in London: People Trapped Terrible News from London this morning A 24-story residential building in west London has been burning in an horrific blaze, reports say people have been trapped in residences in the upper stories. The massive fire has engulfed the Grenfell Tower in North Kensington from the 2nd story to the […]
Emaar Completes Foundation of New Tallest Tower in Dubai The Tower at Dubai Creek Harbour is anticipated to be completed by 2020 Monday Dubai developer Emaar announced that it has laid the foundation for the construction of what is slated to become the world’s new tallest building – The Tower at Dubai Creek Harbour. Launched […]
September Housing Performance Weaker Than Expected Homebuilders pulled back on construction for a 2nd month running in September, with a dive in apartments offsetting gains in single-family homes. Building activity was weak in all parts of the nation except the Midwest. Construction dove 9% in September to a seasonally adjusted annual rate of 1.05-M units, […]
China National Building Material Co Ltd(HKG:3323) Trading Outlook HEFFX Notes China National Building Material Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 3.66. The projected upper bound […]
Kuwait Plans Smart, Environmentally Friendly City South Saad Al-Abdullah City has been designed to accommodate 400,000 people Kuwait has unveiled plans for what is claimed to be the 1st smart, environmentally friendly city in the Middle East. South Saad Al-Abdullah City has been designed to accommodate 400,000 people over an area of 59 sqk with […]
Demand Globally for Flame Retardant Chemicals to Grow $BASFY, $DD, $DOW The market, valued at $6-B in Y 2014, is anticipated to reach $10-B by 2020, growing at a compound annual growth rate of about 10% between Y’s 2015 and 2020. In terms of demand the build and construction sectors lead. That is the conclusion […]
Offshore Buyers Drive Canadian Home Prices Higher or Are They With house prices up by double digits in Canada’s Toronto and Vancouver areas, offshore buyers, mainly from China, have fueled public concerns over whether they are inching the Canadians’ home-ownership dream further out of reach. These concerns have been dismissed by local economists, who say […]
Torrential Rains, Heavy Flash Flooding in Central US LLoyds of London calls for end to US home building in High Risk areas Torrential rains caused heavy flash flooding in some parts of the US over the last few days, and led to numerous evacuations in southeast Texas, and Kansas. But the threat of severe weather […]
Fire is Opportunistic, It Finds a Path, it Burns Fires are now bigger, faster and hotter than before, torching more of our world. Wildfires, like the one that raged through Ft McMurray this month or through Slave Lake, Alberta 5 years ago, levelling 33% of that community. New building technology and new ways to think […]