Although rising mortgage rates and home prices have severely reduced affordability this year, sales of new single-family homes in the U.S. unexpectedly increased in October.
The Commerce Department said on Wednesday that new home sales increased 7.5% last month to 632,000 units on a seasonally adjusted annual rate.
Nevada Democrat Susie Lee sent a letter in April 2020 to the heads of the Treasury Department and Small Business Administration to reconsider their regulatory guidelines that exclude gaming companies from the Paycheck Protection Program (PPP).
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Raymond James analyst Buck Horne lowered the rating on the shares of KB Home (NYSE:KBH), Lennar Corp (NYSE:LEN), M.D.C. Holdings Inc (NYSE:MDC), PulteGroup Inc (NYSE:PHM), and Toll Brothers…