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In March, the construction of 1, 139 new homes was started in the United States, which is 0.3% less than in February. The March figure was the lowest since May 2017 and turned out to be much lower than economists estimate of 1 thousand 225 new homes. In addition, the fall also showed the number of permits for the construction of new homes, issued in March. Their number fell to 1 million 269 thousand. Compared with the previous month, the figure fell by 1.7%. At the same time, economists predicted an increase in permits by 0.7%. In March, construction of 785,000 single-family homes was started, which is 0.4% less than the February figure. The construction of apartment buildings remained at the February level of 354 thousand homes. According to experts, the slowdown in the construction of new homes in the US is associated with rising costs for labor and building materials.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
Gold prices rose earlier on Monday in Asia, remaining above the $1,800 as the COVID-19 pandemic continues to worsen around the world. Gold futures slipped by 0.29%, trading at $1,807.15 per ounce by 12:47 AM ET (05:47 AM GMT). Investors flocked ...
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