The Greenwich, Connecticut-headquartered building products distributor QXO Inc. (NYSE: QXO) announced its acquisition of Beacon Roofing Supply Inc. (NASDAQ: BECN) for $11 billion. Founded in 1928, is a leading distributor of roofing, waterproofing and exterior...
The Federal Reserve will not be cutting rates this month. The central bank’s policy making Federal Open Market Committee announced in a statement that it would “maintain the target range for the federal funds rate at 4.25% to 4.5%.” In making its announcement, the Fed...
The trend of declining rents could be reversed due to low multifamily permitting in the nation’s top 50 metros, according to a data analysis from Realtor.com. Within the top 50 metros, 294,000 multifamily units were permitted in 2024, which Realtor.com said was below...
The Caribbean-focused lodging and hospitality company Sandals Resorts International has restarted efforts to sell itself, according to a Wall Street Journal report sourced from unnamed “people familiar with the matter.” The Jamaican-headquartered company is reportedly...
Home sales during February were up by 8.4% from January, according to data from RE/MAX Holdings (NYSE: RMAX). This represents roughly half of the month-to-month average sales increases seen in the previous two Februarys. Compared to the same period last year, sales...
Hits and Misses for the Real Estate Week of May 4-8
