Misawa Homes America Inc. (MHAM), a wholly owned subsidiary of Japan’s Misawa Homes Co., has acquired a 51% stake in the Utah-based homebuilder Visionary Homes. Visionary Homes was founded in 2004 and has 30 active Utah communities focused on both first-time and...
One month after enacting its first interest rate cut in nearly five years, the European Central Bank (ECB) opted to leave rates unchanged. “While some measures of underlying inflation ticked up in May owing to one-off factors, most measures were either stable or edged...
Cullinan Properties, a Peoria, Illinois-headquartered real estate firm specializing in commercial and mixed-use developments and acquisitions, announced the appointment of David Schreiber as its chief investment officer. Schreiber joins Cullinan Properties with over...
Sen. JD Vance accepted the Republican Party’s nomination for vice president with an acknowledgment of the challenges facing the U.S. housing market. However, the Ohio senator focused on what he perceived to be the roots of the problems but did not offer strategies for...
California’s closed escrow sales of existing, single-family detached homes totaled a seasonally adjusted annualized rate of 270,200 in June, according to data from the California Association of Realtors (CAR). This represented a 0.8% drop from the revised 272,410...
A bill that was recently introduced in the New York City Council would require landlords to buy, install and maintain air conditioning units or cooling systems for their tenants. Although 91% of the city’s households have air conditioning, roughly 350 New Yorkers die...
