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Berkshire Hathaway and Japanese Builders See the Same Opportunity in U.S. Housing -- Heard on the Street -- WSJ
Sumitomo Forestry Completes $4 Billion Tri Pointe Homes Deal, Ascending in U.S. Housing Market
Express News | Sumitomo Forestry Completes Acquisition of Tri Pointe Homes, Creating a Leading U.S. Homebuilder
Eleven Consumer Discretionary Stocks With A+ Momentum, Only One Isn't Overpriced
The U.S. second-hand housing market started the peak season on a weak note, with sales rising slightly but falling short of expectations, while home prices hit a record high for April.
April is traditionally a peak season, but the annualized rate of existing home sales in the U.S. reached only 4.02 million units in April, marking a mere 0.2% increase from the previous month. Meanwhile, the median sales price rose by 0.9% year-on-year to USD 417,700, setting a new record high for April. High housing prices, elevated mortgage interest rates, and recent increases in energy costs have eroded household budgets, leading to April sales falling short of expectations.
Bright Horizons Family Solutions and Remitly Global Set to Join S&P SmallCap 600