Property News

Matt Maley, chief market strategist at Miller Tabak, and Michael Bapis, managing director of Vios Advisors at Rockefeller Capital Management, break down the homebuilders' recent rally with CNBC's Mike Santoli.

Central Park Tower will top off at 1,550 feet, making it the tallest residential building in the world. It may also be the most expensive condo project ever, with up to $4 billion worth of apartments to be sold.

The monthly Architecture Billings Index (ABI) from the American Institute of Architects fell to 47.2 from 50.1 in July. Any score below 50 indicates a decrease in architecture firm billings.

Mortgage applications to purchase a home increased 6% for the week and were a strong 15% higher annually.