Drag to Reposition Cover
Double tap first if using mobile

US homebuilding retreats as housing recovery stalls

Feed SINGLE-FAMILY homebuilding in the US tumbled in March, and while new construction remains underpinned by a severe shortage of previously owned houses for sale, a resurgence in mortgage rates is pushing potential buyers to the sidelines.

Making housing in New York more affordable

Feed NEW York state officials have set the stage to take action on the state’s housing crisis. On Monday (Apr 15), the governor announced a framework for a package of housing laws that would make it easier to build homes and curb the skyrocketing cost of living.

US single-family housing starts plunge in March

Feed US SINGLE-FAMILY homebuilding tumbled in March, and while new construction remains underpinned by a severe shortage of previously owned houses for sale, a resurgence in mortgage rates is pushing potential buyers to the sidelines.

Race for AI supremacy in Middle East is measured in data centres

Feed ONE of the best places to view the Gulf states’ unfolding rivalry over artificial intelligence is inside an unmarked building in an industrial park near a golf course on the outskirts of Dubai. The windowless facility is cool and extraordinarily clean. Upon entering, guests step onto sticky blue floor mats designed to prevent stray sand particles from making their way inside. Like the scorching heat outside, any speck of desert dust could be hazardous to the multimillion-dollar equipment stored within.