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Lowe’s says pandemic-fueled home improvement demand could cool in 2022
An employee organizes buckets for sale inside a Lowe’s Cos. store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Lowe’s sales outlook disappointed investors on Wednesday and raised concerns the pandemic-fueled boom in do-it-yourself and decorating projects is cooling. The company’s shares dropped by as much as 4{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in premarket trading. Then, the stock rose later Wednesday as new data from homebuilders showed a huge appetite for housing — even during a typically slow season and a period of inflation. That backdrop coupled with Lowe’s executive comments about the possibility for market share gains, help the stock bounce back. Shares rose 2{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} to close at $257.54 on…
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Billionaires Double Down On Singapore Prime Property Buys As Demand For Luxury Homes Surge
Kwek Leng Beng, chairman of City Developments, speaks during a news conference in Singapore. Nicky Loh/Bloomberg Billionaires Kwek Leng Beng and Gordon Tang are buying S$965 million ($704 million) worth of prime properties in Singapore, doubling down on their investments in redevelopment sites in and around the city’s financial district amid soaring demand for luxury homes. City Developments—controlled by Kwek and his family—said late Thursday it agreed to buy Central Square from Far East Hospitality Trust, a unit of Robert and Philip Ng’s Far East Organization, for S$315 million. The Singapore-listed developer said it plans to combine Central Square with its adjacent Central Mall and redevelop the two sites (with…
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Real estate market will continue to move in ‘fast direction’ amid pent-up demand: Century 21 CEO
Century 21 President and CEO Michael Miedler argues the real estate market is still hot right now likely because ‘a lot of buyers are trying to rush in and beat any more increases in the mortgage rate.’ Century 21 President and CEO Michael Miedler argued on Monday that the real estate market is not “ready to taper right now” and will continue to move in a “fast direction” amid pent-up demand. Miedler told “Mornings with Maria” that the market is still currently hot because “a lot of buyers are trying to rush in and beat any more increases in the mortgage rate.” He made the comments on “Mornings with Maria”…
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Soaring demand for high-end properties raises rental prices, off-plan sales | The Guardian Nigeria News
Next gradual return of workers to workplaces and worldwide travel resumption, Nigeria’s significant-end houses are in higher demand, which have prompted rise in rental rates and maximize in off-system profits. The Guardian learnt that the progress has sent key lettings sector into a frenzy, pushed up rental income and demand by customers of luxurious apartments across neighbourhoods this kind of as Ikoyi, Victoria Island in Lagos and Asokoro as very well as other prime locations in Abuja. Two well-liked estate businesses- Knight Frank Nigeria and Sam Eboigbe and Firm confirmed the report. A residence advancement corporation, Cruxstone Limited embarking on a joint undertaking task with Lagos Governing administration in the…
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