Lennar and CalAtlantic merger in nearly $10B deal will create the country’s largest homebuilder, with LTM revenues topping $17B and a market cap of roughly $18B. The new company will control 240K homesites, with 1.3K active communities in 49 markets across 21 states.
Toronto Homes Sales Down 35% on Year
Home sales in the Greater Toronto Area fell 35% in September year on year, however the average price rose 5.9 % from CAD $732,039 in August for the first month-over-month increase since the April record high of CAD $918,285 the Toronto Real Estate Board said Wednesday.
American Household Wealth Grows $1.7 Trillion to New Record
U.S. President Trump may be the most divisive President in History but the Federal Reserve shows Americans are getting weathier with him. U.S. household wealth increased in the second quarter to yet another record by $1.7 Trillion to $96.2 trillion, following a 2.327 Trillion gain in the first quarter.
Housing Market Index Wobbles as $SPX and $DJIA Hits All Time Highs
While the stock mania grows unabated with $SPX and $DJIA pinging new highs housing continues to wobbles. The NAHB housing market index (HMI) for September 64 vs 67 estimate Also the prior month 67 was revised lower from 68