Current News & Events
New Coalition Seeks to Protect Quartz Industry Jobs
“The US quartz industry is an American success story built by small and family-owned American businesses,” said Rupesh Shah, co-CEO of the distributor M S International. Continue Reading New Coalition Seeks to Protect Quartz Industry Jobs
Von Maur Department Stores to Open First New Jersey Location
The three-level, approximately 164,000 square foot Von Maur location expects to employ approximately 150 full-time and part-time associates. Continue Reading Von Maur Department Stores to Open First New Jersey Location
Condo In NYC’s Billionaires’ Row Sells For Roughly $80 Million
The apartment was last purchased in 2020 for $65.59 million. Continue Reading Condo In NYC’s Billionaires’ Row Sells For Roughly $80 Million
Mortgage Application Activity Takes A Dive
“The ARM share of applications rose slightly to 7%, the highest since April 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Takes A Dive
Single-Family Housing Starts Up 6.7%
Single‐family authorizations in July were at a rate of 930,000, a 0.6% uptick from the revised June figure of 924,000. Continue Reading Single-Family Housing Starts Up 6.7%
Commercial/Multifamily Mortgage Originations Down 53% From Last Year
Decreases in originations for all major property types led to the year-over-year decline. Continue Reading Commercial/Multifamily Mortgage Originations Down 53% From Last Year
Newmark Launches Data Center and Digital Infrastructure Practice Group
Newmark has hired Brent Mayo as executive managing director of the practice group. Continue Reading Newmark Launches Data Center and Digital Infrastructure Practice Group
MetLife Closes New Single-Family Rental Fund With $390 Million
The company is focused on developing and acquiring purpose-built, single-family rentals across the 75 largest U.S. markets. Continue Reading MetLife Closes New Single-Family Rental Fund With $390 Million
Scotiabank Now Offering First Home Savings Account for New Buyers
“We know home affordability is a big issue on the minds of Canadians,” said Scotiabank’s Kingsley Chak. Continue Reading Scotiabank Now Offering First Home Savings Account for New Buyers
Realtors Relief Fund Donates $1.5 Million to Maui Rebuilding
State officials are warning Maui residents of predatory buyers seeking to purchase homes from distressed owners. Continue Reading Realtors Relief Fund Donates $1.5 Million to Maui Rebuilding
Former Greek Orthodox Church Becomes Home for Indianapolis Opera
“Organizers raised over $4 million to make repairs for reuse of the old church,” said the opera company. Continue Reading Former Greek Orthodox Church Becomes Home for Indianapolis Opera
Builder Confidence Evaporates Amid Elevated Mortgage Rates
NAHB Chairman Alicia Huey noted that “demand for new construction continues to be supported by a lack of resale inventory.” Continue Reading Builder Confidence Evaporates Amid Elevated Mortgage Rates
