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Property News for 18 August 2022
Home Depot and Lowe's cite strong demand in earnings reports, but softening could be ahead
CNBC - 18 Aug 2022 18:03
Even as homebuilder sentiment dropped, Home Depot and Lowe's saw continued strong demand from contractors.
Home sales fell nearly 6% in July as housing market slides into a recession
CNBC - 18 Aug 2022 16:51
Sales of previously owned homes fell nearly 6% in July compared with June, according to a monthly report from the National Association of Realtors.
Chinese property developers' cash flows have plunged by more than 20%
CNBC - 18 Aug 2022 04:21
Chinese property developers' cash flows -- a sign of the companies' ability to stay afloat -- have plunged this year, according to Oxford Economics.
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