Developers flood Arizona with homes even as drought intensifies

Builders flood Arizona with properties at the same time as drought intensifies

California simply skilled its driest January and February ever, and the snowpack is dangerously low. Because the West enters its third 12 months of drought, water sources are drying up, and restrictions on the Colorado River at the moment are hitting all sectors of the Western economic system, inculding homebuilding. Whereas there’s a scarcity of […]

BP, First Horizon, defense stocks and more

BP, First Horizon, protection shares and extra

Check out among the largest movers within the premarket: Berkshire Hathaway (BRK.B) – Berkshire reported file annual revenue in 2021, helped largely by its funding in Apple (AAPL). Berkshire additionally purchased again a file $27 billion in inventory final yr, however the tempo of buybacks slowed in the course of the fourth quarter. Berkshire Class […]

Homebuilder stocks rebound day after rate scare plunge

Homebuilder stocks rebound day after rate scare plunge

A “Offered” signal is displayed outdoors a house underneath development at a Lennar Corp. improvement in Montgomery, Illinois. Daniel Acker | Bloomberg | Getty Photos Because the broader markets rallied to begin the brand new yr Monday, the homebuilding sector offered off. The iShares US Residence Building ETF misplaced 2.69% on Monday, its worst day […]