Robert Toll, who built Toll Brothers into the country’s largest luxury homebuilder and brought a founder’s passion to the business, died Friday at age 81 after suffering from Parkinson’s disease The e...
Tag: construction
The stock market is wrong: the economy isn’t going to ‘blow a gasket’ just yet, warns economist
While this year’s sharp selloff in stocks might feel brutal, particularly after the carnage of September, the S&P 500 remains about 17.1% above year-end 2019 levels, according to Dow Jones Market ...
PVC Piping Prices Are Dropping as Housing Market Weakens
Text size PVC piping is made from ethylene, a petroleum product that Occidental Petroleum produces. Dreamstime.com As rising interest rates interest rates pummel the housing market, the ripple effects...
Billionaire Ramon Ang’s San Miguel Offers $1.6 Billion To Takeover Cement Maker Amid Philippine Construction Boom
San Miguel’s billionaire president Ramon Ang. JINGGO MONTENEJO San Miguel Corp. is offering 97 billion pesos ($1.6 billion) to takeover affiliate Eagle Cement Corp. as billionaire Ramon Ang—the contro...
21 dividend stocks yielding 5% or more of companies that will produce plenty of cash in 2023
When the stock market has jumped two days in a row, as it has now, it is easy to become complacent. But the Federal Reserve isn’t finished raising interest rates, and recession talk abounds. Stock inv...
If Hurricane Ian destroyed your home, take these critical first steps for disaster relief and insurance
The full financial and human price of Hurricane Ian’s destruction is still unknown, days after it lashed Florida, and now with the Carolinas fresh off its wrath. But even with the immediate search-and...
The major county in America where home prices just dropped the most is …
Buyers may be starting to see home price drops in some areas. (Getty Images) Home buyers have watched as home prices marched upwards for the past few years, but now many of you will finally get some r...
Mortgage rates recently hit their highest level since 2007. Here’s what 5 economists and real estate pros say will happen next with rates
Where will mortgage rates go from here? Getty Images Since the start of the year, mortgage rates have been trending upwards — and according to many experts, this trend will likely continue through Oct...
These 20 stocks in the S&P 500 tumbled between 20% and 30% in September
Stocks declined again on Friday, closing out September with large losses across the board as the rally from the June lows partway through August faded into memory. The S&P 500 SPX fell 1.5% on Fri...
Young people shouldn’t save for retirement, new research says
Most financial planners advise young people to start saving early — and often — for retirement so they can take advantage of the so-called eighth wonder of the world – the power of compound interest. ...
‘I would not have been able to do it without him’: I built a property portfolio with 23 units while we were dating. How much should I give to my fiancé in our prenup?
I’m about to marry a wonderful man. I built an investment portfolio of 23 units while we were dating. Now we’re questioning how to create a prenuptial agreement. Over the years, I have identified, pur...
These Are the 7 Worst Housing Markets, According to Lennar
Higher mortgage rates have cut into home sales at a national level—but, as the saying goes, all real estate is local. Lennar , the nation’s second-largest builder by market capitalization, on Thursda...
Humana, CVS Circle Cano Health as Potential Buyers
Humana and CVS Health are circling Cano Health according to people familiar with the situation, as healthcare heavyweights scramble to snap up primary-care providers. The talks are serious and a deal ...
Carl Icahn to investors: ‘The worst is yet to come’
Wall Street icon Carl Icahn has a warning for his fellow investors: “The worst is yet to come.” Speaking on Wednesday at MarketWatch’s Best New Ideas in Money Festival via a remote feed, the 86-year-o...
Brace yourselves, the Fed is about to inflict ‘some pain’ to fight inflation — here’s how to prepare your wallet and portfolio
The Fed is ready to bring the pain. Are you prepared? Weeks ago, Federal Reserve Chair Jerome Powell cautioned there would be “some pain to households and businesses” as the central bank jacks up inte...
Home values in August saw their largest monthly decline since 2011. Some cities see house prices drop by 3%.
Home values are edging down as buyers remain spooked by high mortgage rates, according to a new report. The typical value of a home in the U.S. fell 0.3% in August from the previous month, according t...
Jeffrey Gundlach says bonds are ‘wickedly cheap’ compared to stocks — and offers one way to get a 9% return without much risk
You can forgive Jeffrey Gundlach, a long-suffering Buffalo Bills fan, if he has the NFL on his mind now that the team he supports looks like the Super Bowl favorite. The chief executive of DoubleLine ...
‘Some companies are closing their doors, others are shutting down divisions’: Rocket CEO outlines plans to navigate the dramatic decline in mortgages
The mortgage industry is struggling with higher rates and a sharp drop in buyer demand. Rocket RKT, +0.53% says it’s got a plan to turn things around. There’s turmoil in the sector. Volume of originat...
Zillow sees peak rent growth as over, but that isn’t what the Fed’s tracking
A look at Zillow Group’s closely followed rent index shows that last year’s roughly 17% yearly surge in rental prices was probably the peak, with the rate of increases dramatically receding in the pas...
The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%.
U.S. stocks sputtered Friday to close out the week in the red. The day’s declines of less than 1% for the broad indexes paled against Tuesday’s, when they sank 4% to 5%. For the week, the Dow Jones In...
Is the housing market really crashing? Redfin’s chief economist shares her predictions
This article is reprinted by permission from The Escape Home, a newsletter for second homeowners and those who want to be. Subscribe here. © 2022. All rights reserved. Inflation is high and interest ...
What will people do after getting $10,000 or $20,000 in student debt forgiven? MarketWatch asked readers — here’s the No. 1 answer.
Americans’ student debt loads are poised to lighten up and people are making plans on what’s next for their freed-up cash. Borrowers appear to have two prime targets in mind: getting current on their ...
The Federal Reserve’s Rate Hikes Are Cooling The Housing Market But Land-Use Reforms Still Needed
Professional engineer architect worker with protective helmet and blueprints paper at house building … [+] construction site background getty Since the spring of 2022, the Fed’s federal funds ra...
Americans are souring on the housing market. Home buyer sentiment hits lowest level since 2011 — and mortgage rates reach 7%.
There’s no respite for home buyers these days. From rising rates, high home prices, and an uncertain economic outlook, shoppers are finding it hard to jump into purchasing a home. Fannie Mae noted th...