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29.05.26 - 14:36
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China′s US$2.2 trillion urban renewal plan to boost construction, property sectors (SCMP)
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China's ambitious urban renewal projects, from upgrading dilapidated homes to rebuilding gas pipelines, are expected to require investment of at least 15 trillion yuan (US$2.2 trillion) in the five years from 2026, offering fresh growth opportunities for construction firms.
Property developers also received a shot in the arm on Friday, after the State Council released a guideline on the urban renewal campaign, part of Beijing's 15th five-year plan for 2026 to 2030.
The overall investment could......
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29.05.26 - 10:48
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Japan Housing Starts Recover 11.4% In April (AFX)
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TOKYO (dpa-AFX) - Japan's housing starts grew notably in April, registering their first decline in six months, data from the Ministry of Land, Infrastructure, Transport, and Tourism showed on Frid......
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29.05.26 - 07:36
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′It feels unfair′: the Britons struggling to get a mortgage since Iran war began (The Guardian)
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Whether first-time buyers, in between homes or refixing, people tell of impact of higher mortgage rates on housingProspects of cuts in UK interest rates in 2026, which were widely expected at the start of the year, were rapidly extinguished when the Iran war started at the end of February. The renewed threat of inflation means the Bank of England is now expected to raise rates at least once this year, with mortgage costs staying higher for longer.The boss of Britain's largest housebuilder said on Thursday it was the most challenging time to be a first-time buyer since the 2008 financial crisis. Continue reading......
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28.05.26 - 22:27
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Florida Governor Calls For Special Session To Eliminate Property Tax For Homeowners (ZeroHedge)
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Florida Governor Calls For Special Session To Eliminate Property Tax For Homeowners
Authored by Jacki Thrapp via The Epoch Times,
Florida Gov. Ron DeSantis on May 27 called for a special legislative session to pass his plan to exempt homeowners from paying property taxes on their permanent residence.
The Republican governor revealed his plans to sign a proclamation that would require state lawmakers to convene in Tallahassee and discuss his “Save Our Homes” proposal starting on June 1.
“Taxing something that you own repeatedly, which is a property tax, is the worst way to do taxation,” DeSantis said in a news conference on May 27.
DeSantis said he hopes that eliminating taxes from Florida homesteads could be a bipartisan effort.
“You pay all these taxes to acquire that property, and then year after year, you're just having to write a check just for the privilege of being able to maintain ownership of something that is supposedly yours,” he said.
The proposal contemplates phasing i...
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28.05.26 - 19:09
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US New Home Sales Tumbled In April As Prices Soared (ZeroHedge)
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US New Home Sales Tumbled In April As Prices Soared
With Case-Shiller reporting existing home price declines in half of America's largest cities, and after two straight months of rip-roaring demand, NAR reports that New Home Sales in April tumbled 6.2% MoM (almost twice as bad as the 3.2% MoM decline expected). March's 7.4% MoM spike was revised down bigly to just +3.4%, all of which left new home sales down
Source: Bloomberg
Overall, new home sales have really gone nowhere for four years...
It seems lower mortgage rates did nothing to help new home sales...
Finally, while existing home prices are lower, median new home price rose 2.2% y/y to $422,500; average selling price at $508,800.
This was the biggest MoM jump in median new home prices since 2019...
Not great for affordability.
Tyler Durden
Thu, 05/28/2026 - 10:07...
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