The homebuilding industry is experiencing a shift towards environmentally cleaner and more energy-efficient homes. With real estate being a significant contributor to global carbon emissions, it is essential to find sustainable solutions to reduce the environmental impact of buildings. Companies like Dvele, Clever, and Aro Homes are at the forefront of this movement, striving to
Real Estate
Achieving homeownership in America has become increasingly difficult for many aspiring buyers due to various factors plaguing the housing market. According to a recent Bankrate report, about 51% of would-be homeowners point to the high cost of living as a major obstacle, while 54% emphasize their insufficient income given current home prices. This data sheds
The real estate market in the United States saw a decline in home sales in 2023, yet many homeowners managed to make a profit when selling their property. However, these gains can potentially lead to a significant tax bill for the sellers. According to ATTOM, a nationwide property database, the average profit from selling a
Germany’s housebuilding sector is facing significant challenges as economic data continues to paint a concerning picture. Industry leaders are expressing unease over the current state of affairs. Dominik von Achten, chairman of German building materials company Heidelberg Materials, highlighted a “confidence crisis” within the sector. He mentioned that there have been several negative developments, leading
In January, sales of previously owned homes increased by 3.1%, reaching a total of 4 million units on a seasonally adjusted annualized basis. However, despite this monthly gain, sales were down by 1.7% compared to the previous year. The National Association of Realtors reported that the count is based on closings that likely took place
The Pew Research Center recently conducted a study that revealed intriguing insights into the perception of success among Black Americans. Despite the challenges many face in achieving homeownership, a significant portion still view it as a symbol of success. The study found that approximately 66% of Black Americans consider themselves successful in various aspects of
Recent data shows that Black women are leading the charge in homebuying among various racial groups. The percentage of single female homebuyers is significantly higher among Black women compared to other demographics. According to the 2023 Snapshot of Race and Home Buying in America report by the National Association of Realtors, Black women make up
Eaton, a power management company, showcased a strong performance during the fourth quarter, beating both earnings and revenue expectations. The company also provided a robust outlook for 2024, setting itself apart from its competitors in the industrial sector. With a continuously growing backlog and a record-breaking share price, Eaton seems to be on a winning
Recent data-driven spikes over the past two weeks have caused mortgage rates to soar to new heights, with the average rate on the 30-year fixed mortgage reaching 7.14%. This is the highest level in two months, marking a significant increase from the rates that were hovering around 6.6% in December. The sudden rise in rates
Homeownership is a dream that seems out of reach for many Americans, and unfortunately, it is even more elusive for Black Americans. A recent report from LendingTree reveals that in the largest metropolitan areas of the United States, Black individuals own a disproportionately small share of homes compared to their population size. This stark disparity