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In February, the construction of 1 million 162 thousand houses was started in the USA, which is 8.7% less than in January, when their growth was 11.7%. As reported by the US Department of Commerce, the indicator fell in February at a maximum rate in 8 months. Economists estimate that the number of new buildings in February was expected at the level of 1 million 210 thousand. Last month 1 million 296 thousand building permits were issued. This is 1.6% less than in January, when the figure fell by 0.7%. Experts also predicted a less significant decline - by 0.9%. The construction of single-family homes showed the fastest rate of decline in 4 years. Their figure fell by 17%. At the same time, an increase of 17.8% was noted in the construction of apartment buildings. Experts point out that a lack of supply remains the main reason for the decline in demand for residential real estate in the US.
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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