Housing crisis

The housing crisis leaves workers in expensive and cramped conditions

(CNS): The housing crisis in the Cayman Islands is driving low-paid foreign workers to live in expensive but still unacceptable slums, with some paying up to $400 a month for a bunk bed in tiny apartments where even kitchens have been turned into bedrooms. The CNS has received several reports of the cramped conditions in […]

Housing report

New housing report examines how wealthy Louisville neighborhood can help city’s housing crisis

With a shortage of more than 50,000 affordable housing options in Louisville, a member of the Metro Board is offering solutions in his district with data to help in the fight. A new report from the Metropolitan Housing Coalition is the first to examine housing instability in families. Researchers studied District 8 neighborhoods like the […]

Housing crisis

Task Force Recommends State Money, Crackdown on Bad Landlords, to Ease Housing Crisis |

INDIANAPOLIS — An interim study committee examining solutions to Indiana’s housing crisis on Thursday approved a long list of recommendations for future legislation — including state funding for housing-related infrastructure and a vague commitment to hold negligent landlords who sell “substandard” housing accountable. There are 16 early-stage ideas on the preliminary list. But despite their […]

Housing crisis

New York’s climate crisis is a housing crisis

“Hurricane Sandy damaged 10% of the city’s homes. In a city with a 4.5% vacancy rate, even a temporary loss of housing supply isn’t just a problem for those directly displaced: it tightens the market for everyone, which makes it more difficult and more expensive to find accommodation. » Adi Talwar Waterfront homes in Canarsie, […]

Housing crisis

South Florida is experiencing a severe housing crisis. What is the search for a new home? | Nation

The pandemic has exacerbated a longstanding housing affordability crisis in Miami-Dade County, leaving newcomers and residents alike challenged to cope with historically high prices and rents. According to the Miami Association of Realtors’ latest sales report, aspiring home buyers are still facing double-digit annual increases in the median sale prices of homes and condos. Those […]

Housing crisis

How owner occupancy regulation is contributing to the housing crisis

A city ​​concerned about blight demands that a grocery store be operated by Trader Joe’s or Whole Foods rather than a dollar store chain? In a 1975 decision, the New York high court said no, rejecting a zoning commission’s requirement that a grocery store be owned and operated by a specific high-end chain. The court […]

Housing supply

ABQ housing supply ‘is a crisis’, says mayor

Mayor Tim Keller The Albuquerque area needs 13,000 to 33,000 units to meet housing supply. And private companies, namely developers, must work hand in hand with the city of Albuquerque to deal with this crisis. Those were the words of Mayor Tim Keller Wednesday morning at the Albuquerque Economic Forum as he made his pitch […]

Housing crisis

Downtown high-rise projects set to ease housing crisis

Current high-rise building projects in Downtown Berkeley are currently seeking to address Berkeley’s current housing crisis. Trachtenberg Architects, a developer of various housing projects in Berkeley, is currently working on several mixed-use housing projects, including a 25-story building at 2190 Shattuck Ave., a 26-story building at 1998 Shattuck Ave. and a 17-story building at 2274 […]

Housing report

Housing report finds Greater Boston building more units, but not enough

Greater Boston municipalities have built more condos and apartments in recent years, according to a new report of the Boston Foundation. This is rare good news in a region synonymous with high housing costs. The report found that cities and towns in the region issued more housing permits in 2021 than they have since 2005. […]

Housing supply

“The housing supply is in crisis”

Oct. 26 – The Albuquerque area needs 13,000 to 33,000 units to meet housing supply. And private companies, namely developers, must work hand in hand with the city of Albuquerque to deal with this crisis. Those were the words of Mayor Tim Keller Wednesday morning at the Albuquerque Economic Forum as he made his pitch […]

Housing report

Hamilton Mayor Paula Southgate concerned as emergency housing residents report feeling increasingly unsafe

Southgate told AM she was “completely appalled” and “very angry” when she heard about the report. “The allegations made are simply appalling. No woman, no child should be exposed to this kind of intimidation and torment from a safe house,” Southgate told stand-in host Laura Tupou. “It’s supposed to be a home where they’re safe […]

Housing crisis

Toronto is experiencing a housing crisis. Activists are trying empathy to mitigate it.

If there’s one place that needs a solution to its housing crisis, it’s Canada’s largest metropolis. Average prices remain out of reach for Toronto residents, despite recent declines in home prices due to interest rate hikes by the Bank of Canada. Single-family homes are valued at over $1 million in the GTA. Canada faces one […]

Housing supply

Qld Government streamlines planning approvals to boost social housing supply

The legislative changes announced by the Palaszczuk government will speed up the process of building community, social and affordable housing. The Sunshine State is currently experiencing severe supply shortages. According to CoreLogic, Brisbane’s vacancy rate was 0.9% at the end of the September quarter, down from 1.6% in the same quarter of 2021. Under the […]

Housing crisis

Many are forced to live in tents as flood damage worsens the housing crisis in Greater Shepparton

Marian Reeves is living in a tent in northern Victoria after flooding made the house she rents uninhabitable. Key points: A Shepparton real estate agent says flood damage has increased demand for rental properties in the area Goulburn Valley Health fears flood damage will make it more difficult for new staff to find accommodation at […]

Housing crisis

Blue Hill Peninsula is considering a new way to solve the housing crisis

The lack of housing for workers and families has prompted officials across the Blue Hill Peninsula to consider creating a regional housing authority. A newly formed peninsula-wide housing task force has addressed the topic twice in as many months in its ongoing efforts to alleviate the housing crisis. The group plans to explore the form […]

Housing crisis

Tony Danza, AMC filming, senior housing crisis

As we head into the weekend, let’s take a look at the news from the past week. After Hurricane Ian’s destruction, New Bedford goaltender Anthony Lessa Jr. traveled to Florida to help with the aftermath. Longtime Red Cross volunteer Lessa has helped manage the logistics of the FEMA camp, which serves as a base of […]

Housing crisis

Supporting San Diego’s Measure C to Address the Housing Crisis

The editorial board operates independently of the UT newsroom but is held to similar ethical standards. We base our editorials and recommendations on rigorous reporting, interviews and debates, and strive to be accurate, fair and courteous in our section. To disagree? Let us know. Measure C asks San Diego voters – once again – to […]

Housing crisis

Australia’s housing crisis is self-inflicted. We need four reforms to reverse it | Matt Grudnoff

HHow come in Australia, one of the richest countries in the world, we have a housing crisis where hundreds of thousands of tenants cannot afford a roof over their head ? To understand why rents are skyrocketing, we need to look at the larger political problem: We’ve spent about two decades trying to screw up […]

Housing crisis

Vernon tackles affordable housing crisis with 29 new units – Vernon Morning Star

New affordable housing has arrived in Vernon. Albert Place 2, the second and final building in the Albert Place housing project, brings 29 additional affordable rental units for low-to-moderate income households to 3610 25th Ave. The total project includes 47 affordable rental units for families and seniors in Vernon. The houses are close to public […]

Housing sector

Main risks facing the social housing sector in 2022 and beyond

The social housing regulator is today (20 October) outlining its view of the main risks and challenges facing the social housing sector. In a very difficult and rapidly changing economic environment, the sector risk profile highlights a significant number of specific risks for social housing providers that councils need to manage to meet the standards […]

Housing crisis

Chris Selley: Calculus stalks politicians indifferent to housing crisis

Breadcrumb Links NP Comment Most seniors who own homes in Toronto have basically won the lottery. They’re not worth politicians worrying about Get the latest news from Chris Selley straight to your inbox Register Publication date : October 19, 2022 • 27 minutes ago • 4 minute read • Join the conversation Toronto Mayor John […]

Housing sector

Ban on evictions shows the mess our housing sector is in

The good news in terms of the housing strategy and the “someone somewhere must definitely do something about this” approach is that the coalition has come out of its slumber. The bad news is that too many of the measures currently being urgently put in place are not aimed at providing more homes, but rather […]

Housing supply

Increasing California Housing Supply with SB-9 and SB-10 | American Institute of Enterprise

Summary of AEI Housing Center Meetings in California In late September, AEI Housing Center held six meetings on increasing housing supply with SB -9 and SB -10 in San Francisco, Sacramento, Fresno, Riverside, Los Angeles and San Diego. These discussions were led by Ed Pinto, Tobias Peter and Arthur Gailes of AEI Housing Center and […]

Housing supply

Increasing California Housing Supply with SB-9 and SB-1 | American Institute of Enterprise

Summary of AEI Housing Center Meetings in California In late September, AEI Housing Center held six meetings on increasing housing supply with SB -9 and SB -10 in San Francisco, Sacramento, Fresno, Riverside, Los Angeles and San Diego. These discussions were led by Ed Pinto, Tobias Peter and Arthur Gailes of AEI Housing Center and […]

Housing crisis

Economist explains how to solve the housing crisis in the United States

Paul Constant is a writer at Civic Ventures and co-host of the “Pitchfork Economics” podcast. He recently spoke with economist and author Jenny Schuetz about the housing crisis. Cities and rural areas face problems due to strict zoning guidelines and lack of government intervention. Loading Something is loading. Thank you for your registration! Access your […]

Housing crisis

Final Fantasy 14: the video game that almost solved the housing crisis

My family and I were both on the housing market in April. They had to sift through assignments and go to empty open houses. It involved me sitting at their kitchen table with my computer, playing Square Enix Holdings Co’s Final Fantasy XIV online role-playing game. In Final Fantasy XIV, like half a dozen other […]

Housing supply

Summit County seniors want to age in place, but housing supply is limited

Seniors in Summit County have an overwhelming desire to stay in the Park City area as they age, but the area’s lack of housing options highlights a difficult choice many residents face. as they age. A senior housing survey, organized by Leadership Park City Class 28 (LPC28) as a class project, found that 93% of […]

Housing report

Apartments are a tiny part of housing in Quebec, according to a report |

A new report to City Council shows apartment rental prices have risen significantly in Queen Creek compared to neighboring suburbs, as available multi-family housing is scarce. The memo says rental costs have risen 76% over the past two years to a current average of $2,311 for a 2-bedroom apartment in Queen Creek, compared to $1,673 […]

Housing crisis

We won’t solve the housing crisis until the TDs attack the Nimby Brigade

“The impact this development will have on the Pale-bellied Brent Goose is of particular concern,” said Fianna Fáil TD Sean Haughey in opposing a recent bid for Dublin City Council. The scheme would provide around 600 new apartments on a derelict site in Raheny in Mr Haughey’s constituency. The brant goose is a protected species, […]

Housing crisis

The realizable housing crisis made worse by Ian Devastation

Guest correspondence DAILY SRQ SATURDAY PERSPECTIVES EDITION SATURDAY OCTOBER 15, 2022 | BY Christine ROBINSON Graphic courtesy of the City of Sarasota: “Missing Middle” overlay district. Our workable housing situation was pre-COVID and pre-Hurricane Ian crisis. The mass migration to Florida because of COVID remote work opportunities, and now the hurricane, has enormously intensified our […]

Housing supply

Why TEAM’s Colleen Hardwick takes issue with the ‘housing supply’ solution

In the four years Colleen Hardwick served as a Vancouver city councilor – first under the NPA, then briefly independent, then finally leading TEAM For A Livable Vancouver in the municipal elections – she gained a reputation for being very criticism of housing and density. . While housing activists tend to portray her as someone […]

Housing supply

RESCON plan proposes ways to solve housing supply crisis

Reports of lower housing demand and tighter market conditions are no reason to take the proverbial foot off the hook when it comes to building new homes. We are still in a housing supply crisis and desperately need new homes. This fact was recognized for the first time in many years by all levels of […]

Housing crisis

Keith Anderson: Edinburgh’s housing crisis – an ‘informed’ citizen’s perspective

Having spent the past 40 years working in housing across the country, including Edinburgh, Keith Anderson says it’s clear most people can’t plan for or achieve wellbeing throughout their lives when faced with runaway rent increases, insecure tenancies and house price growth that outpaces income growth. Housing economics is both simple and complicated to understand […]

Housing sector

“The housing sector is in recession”, warns a leading construction economist | New

A leading AEC industry economist has warned that the US housing sector has entered a recession, with ramifications for homebuilding in the years to come. Robert Dietz, chief economist at the National Association of Home Builders (NAHB), make the comments at the National Association of Real Estate Editors’ annual conference in Atlanta, GA this week. […]

Housing crisis

The hidden housing crisis in Milford | Milford LIVE! – Local news from Delaware, Kent and Sussex counties

Affordable housing is very scarce in the Milford area At recent city council meetings, there have been significant discussions about homelessness and begging in neighborhoods across the city. Council members receive complaints from downtown businesses about the many homeless people in downtown areas, some of which are impacting pedestrian traffic in the area. Around the […]

Housing supply

California rewrote commercial zoning to boost housing supply. How will this affect Long Beach? • Long Beach Post News

The two laws, Assembly Bill 2011 and Senate Bill 6, mark a dramatic change in housing rules by essentially undoing local zoning to allow residential construction in office and commercial areas both that developers meet certain affordability, environmental and labor requirements. In Long Beach, commercial property owners are broadly supportive of the laws, which could […]

Housing crisis

Short-term rental operators call for national regulation amid housing crisis

Short-term rental operators have called for national regulation of their own industry to be part of the solution to Australia’s rental crisis. Key points: Australia’s short-term rental industry has gathered on the Gold Coast to discuss its long-term survival Housing researchers say short-term rental industry contributes to Australia’s housing crisis The Housing All Australians report […]

Housing sector

Government takeover of private housing sector in slow motion – Whittier Daily News

We are experiencing the slow-motion takeover of the private housing sector by the government, and the pace is accelerating. In all state takeovers of private companies, shortages develop and then worsen. It is a consequence of the replacement of financial rewards for production and creation by sanctions: mind-numbing regulations and confiscatory taxes. At the same […]

Housing sector

Government slow-motion takeover of private housing sector – Daily News

We are experiencing the slow-motion takeover of the private housing sector by the government, and the pace is accelerating. In all state takeovers of private companies, shortages develop and then worsen. It is a consequence of the replacement of financial rewards for production and creation by sanctions: mind-numbing regulations and confiscatory taxes. At the same […]

Housing crisis

Housing crisis for tenants in Peterborough area worsened in 2021, report finds

The housing crisis for Peterborough area renters has worsened in 2021, with rents rising at rates never seen before, the lowest vacancy rate in Ontario at 1% and the average asking rent for apartments vacancies 22.4% higher than the average rent for occupied units. Here are some of the key takeaways from the 17th Annual […]

Housing report

Increasingly difficult for low-income people to find housing: report

United Way Peterborough and District’s 2022 Housing is Fundamental report, released on Tuesday, raises alarm bells about record vacancy rates, rising incomes and inequality in the city and county of Peterborough. This is United Way’s 17th Housing is Fundamental report, compiled annually by Paul Armstrong, a current volunteer and former Durham School Board teacher. “Massive […]

Housing crisis

Colorado lawmakers hope to ease housing crisis

GRAND JUNCTION, Colo. (KREX) – According to Rocket Homes, Colorado has the 5th highest median home price at over $480,000, and in Grand Junction home prices are up nearly 16% from a year on year for the past five years. That means working-class people are struggling to afford housing, but Colorado lawmakers are trying to […]

Housing supply

In New York, the supply of housing is not enough to meet the demand

The Housing Court in the Bronx is a crush on New Yorkers desperately battling eviction and dire living conditions, and others struggling to collect the rent they need amid rising interest and other expenses. “There are like rodents running around. There are cockroaches,” tenant Dwayne Osborne said. “Con Edison, DEP, Wi-Fi, they all keep coming […]

Housing crisis

Scale of Kent’s social housing crisis revealed as families wait years in cramped conditions

Nearly 20,000 people are still waiting to be relocated by local authorities in Kent, with some families living in cramped conditions for more than two years while waiting to return home. The longest individual wait on record this year was nine years for a one-bed general-needs house in Dover. And although it was the longest […]

Housing crisis

Ministers blame Bank of England for soaring mortgage costs as housing crisis deepens

Cabinet ministers blame the Bank of England for soaring mortgage costs, reports say. The average two-year fixed mortgage interest rate hit 6.16% this week, its highest level since November 2008 amid the financial crisis. By comparison, the average two-year fixed rate was 4.24% at the start of last month and 2.34% in December 2021, financial […]

Housing report

Mumbai witnessing huge gap between supply and demand for affordable housing: report

About 67% of the housing demand in the region is for houses priced below Rs 25 lakh, while only 22% of the housing supply falls within this budget range. Despite strong demand for affordable housing, residents of the Mumbai metropolitan area are seeing a lack of affordable housing, a new report from Knight Frank and […]

Housing report

Mumbai witnesses huge gap between demand and supply of affordable housing: report

By CNBCTV18.com 09 October 2022, 09:52 IST (Released) mini About 67% of the housing demand in the region is for houses priced below Rs 25 lakh, while only 22% of the housing supply falls within this budget range. Despite strong demand for affordable housing, residents of the Mumbai metropolitan area are seeing a lack of […]

Housing crisis

Mayoral candidates agree on housing crisis, dispute best way to solve it in Sauder debate

Five frontrunners in Vancouver’s mayoral race challenged each other’s plans to tackle Vancouver’s housing supply and affordability issues during a debate Thursday night. The debate – hosted by the Sauder School of Business Center for Urban Economics and Real Estate – featured Kennedy Stewart of Forward Together Vancouver, Fred Harding of the Non-Partisan Association (NPA), […]

Housing supply

Freddie Mac Multifamily set to expand affordable housing supply initiative

Get instant alerts when news breaks on your stocks. Claim your one week free trial for StreetInsider Premium here. MCLEAN, Va., Oct. 07, 2022 (GLOBE NEWSWIRE) — To help address the national rental housing shortage and affordability crisis, Freddie Mac (OTCQB: FMCC) Multifamily today announced that it increases funding that supports newly constructed or extensively […]

Housing report

New Orleans Housing Report Card: “F” for Affordable Housing

The New Orleans’ affordable housing crisis has earned the city an “F” on HousingNOLA’s report card once again this year, reports David Jones for Fox 8. HousingNOLA, which was formed in 2014, is a local coalition of residents and nonprofits dedicated to addressing issues related to the lack of affordable housing in the city. The […]

Housing supply

Shortage of Housing Supply in Canada: Skilled Labor Capacity

OTTAWA – In June 2022, Canada Mortgage and Housing Corporation (CMHC) released Housing Shortages in Canada: Estimating What is Needed to Solve Canada’s Housing Affordability Crisis by 2030 (ESG 2030), which has taken initial steps to estimate the supply of additional housing needed to restore housing affordability by 2030. A significant challenge to achieving these […]

Housing sector

Diriyah Gate and National Housing Co. Join Forces to Improve Saudi Housing Sector

CAIRO: Technology has opened up new opportunities for the education sector by optimizing the ability to learn inside a classroom and beyond. Educational technology has supported educational institutions using e-learning and smart applications in various academic and non-academic settings. According to market research firm Valuates Reports, the global e-learning market revenue in 2021 was approximately […]

Housing crisis

As rents soar, dysfunctional City Hall exacerbates New York’s housing crisis

Mayor Eric Adams’ administration has failed to fill key housing agency positions, leaving its response to skyrocketing rents and the Big Apple’s worsening housing crisis crippled, officials said. insiders, activists and city officials told the Post. The growing frustration comes as affordable housing production has plummeted in recent months and developers struggle to get key […]

Housing sector

Community Scoop » New development Another sign that the community housing sector is a vital piece in solving the housing puzzle

Press Release – Aotearoa Community Housing Community Housing Aotearoa Managing Director Vic Crockford wants to applaud CORT Community Housing as it celebrates the opening of the first development in its pipeline of 104 decent and affordable homes in Auckland. This new housing estate, built… Community Housing Aotearoa Managing Director Vic Crockford wants to applaud CORT […]

Housing sector

New development Another sign that the community housing sector is a vital piece in solving the housing puzzle

Friday, October 7, 2022, 10:28 a.m.Press release: Aotearoa Community Housing Community Housing Aotearoa Managing Director Vic Crockford wants to applaud CORT Community Housing as it celebrates the opening of the first development in its pipeline of 104 decent and affordable homes in Auckland. “This new development, built in partnership with the ACC, is another example […]

Housing supply

Labor shortage to restrict housing supply in Canada – CMHC

OTTAWA, Oct 6 (Reuters) – There are not enough skilled workers to build the new apartments and houses needed to meet growing housing demand in Canada’s most populous provinces, the national agency said on Thursday. housing. The Canada Mortgage and Housing Corporation (CMHC) said a shortage of skilled construction workers is a major challenge to […]

Housing crisis

Flooding of homeless shelters in Orlando area as concerns over housing crisis grow – WFTV

ORLANDO, Fla. — Freddy Clayton inspected the grounds of the old motel, noting piles of trash strewn across the grass and bits of building materials near guest room entrances. “It’s a setback,” he said, “but it’s manageable for us.” Clayton, president of the Orlando Union Rescue Mission, operates his men’s shelter on the property. A […]

Housing report

New Orleans Receives ‘F’ on Affordable Housing Report Card for Third Consecutive Year

NEW ORLEANS (WVUE) — With higher housing costs and stagnant wages, New Orleans is facing a housing affordability crisis that has earned the city an “F” on Affordable Housing from HousingNOLA’s annual newsletter for the third consecutive year. LodgingNOLA, which was formed in 2014, is a local coalition of residents and nonprofits dedicated to addressing […]

Housing report

HousingNOLA Releases Affordable Housing ‘Report Card’

Getty Images NEW ORLEANS – From HousingNOLA: For the third year in a row, New Orleans has earned an “F” grade on the HousingNOLA 2022 Annual Report on the state of affordable housing. HousingNOLA is a 10-year partnership between community leaders and dozens of public, private, and nonprofit organizations working to address the affordable housing […]

Housing sector

6 innovations in the multifamily housing sector in the United States

The booming multi-family sector shows no signs of significant slowdown heading into 2023. Here’s a roundup of the Giants 400 companies driving innovation in this sector: Clayco and architectural firm FitzGerald completed 20 floors, 330 units Development X Phoenix, a mixed-use residential skyscraper in downtown Phoenix that contains, among other rental units, space dedicated to […]

Housing report

Council Approves Housing Report – Pasadena Now

The City Council approved the submission to the U.S. Department of Housing and Urban Development of the Consolidated Annual Report on the Performance and Evaluation of Projects Funded in the 2021 Program Year under the Community Development Block Grant ( CDBG), Emergency Solutions Grant (ESG), and HOME Investment Partnership Act programs. Programs assist low- and […]

Housing supply

Construction sector warns rising costs will hit housing supply next year – The Irish Times

Rising costs will hit housing supply next year, according to a new report from lobby group the Construction Industry Federation (CIF). It comes as 96% of construction companies report an increase in the cost of building materials over the summer, with 85% expecting further cost increases this year. The rising cost of building materials has […]

Housing crisis

University of Glasgow students placed in emergency accommodation amid housing crisis

Glasgow University students have been placed in emergency hotel rooms in a bid to tackle the housing crisis. At least 70 students have come forward asking for help with homelessness, but the figure is feared to be much higher. Of these, 49 students say they are homeless with 25 couch surfers. A further 24 Glasgow […]

Housing crisis

Is modular housing the solution to the housing crisis?

Modular housing could be the solution to the housing crisis, delivering homes 50% faster and cutting emissions in half, according to Make UK Modular Modular housing could be the solution to the housing crisis, according to research by Make UK Modular. “Greener, Better, Faster: The Role of Modular in Solving the Housing Crisis” found that […]

Housing sector

Housing industry urged to use White Paper break to get rents right

Rent payment specialist PayProp has submitted a detailed response to the white paper, and UK chief executive Neil Cobbold is now calling on the wider housing sector to make its voice heard too. Evictions As the government proposes a new mediator to settle disputes between tenants and landlords, PayProp says we need more clarity on […]

Housing supply

Penn Announces Actions to Address Local Affordable Housing Supply in Sale of UC Townhomes

Craig Carnaroli, Penn’s senior executive vice president, wrote an op-ed in response to protests over the sale of UC Townhomes. Credit: Oscar Vasquez Penn broke his silence on the sale of University City Townhomes after months of protests, announcing a series of actions to address the broader lack of affordable housing in Philadelphia. In a […]

Housing sector

The housing sector has not grown with the population rate —Experts

As Nigeria celebrates 62 years of national existence, built environment experts have repeatedly denounced the failure of successive governments to provide affordable housing to citizens. Many pundits, who have expressed concern over the huge housing deficit in the country, have lamented that at 62, the housing sector in Nigeria has failed to grow with the […]

Housing supply

National planning regime is hurting housing supply in this country, property experts say

The government’s National Planning Framework (NPF) is making it harder to deliver much-needed housing and will make the situation worse unless it is removed, according to a new study by estate agents and estate advisers Savills. and which could have delivered 100,000 homes was dezoned as a direct result of the NPF in Meath, Kildare […]

Housing sector

China takes steps to revive housing sector

Chinese local governments could gradually ease the floor on mortgage rates for first-time home buyers in some cities, the central bank said on Thursday, in a bid to support property prices and revive a flagging engine of growth. the world’s second largest economy. Localities would be allowed to decide whether to maintain, lower or remove […]