Housing Data for August Show a Slowing Market

Although builders were busy in August, subsequent activity revealed evidence of the housing slump.

According to data released on Tuesday by the Census Bureau, residential construction had a mixed August with home starts up 12.2% and permits falling 10%.

While permits for futur...

Garland Explains Trump's Housing Hunt

Merrick Garland, the Attorney General of the United States of America, has stated that the Department of Justice (DoJ) has asked for a federal judge to unseal the warrant that was used to search the Florida property of former President Donald Trump earlier this week. The warrant was approved by t...

BANK OF ENGLAND MONITORING HOUSING MARKET BOOM OF UNITED KINGDOM

Highlights:

• The Bank of England is monitoring the booming housing market of United Kingdom
• The monitoring comes as it has been weighing up the possibility that, a rapid covid-19 pandemic recovery will lead to inflation

One of the dep...

TOKYO STOCKS OPEN LOW OVER WEAK U.S HOUSING DATA ON WEDNESDAY

Highlights –

• Tokyo stocks open low over weak U.S housing data on Wednesday.
• The 225-issue Nikkei Stock Average shed 398.75 points, or 1.40 percent.
• Stocks declines in companies led by pulp and paper, machinery, and oil and coal produc...

CHINA TO ISSUE GUIDELINE ON ASSET-LIGHT HOUSE RENTALS

Highlights –

• China to issue guidelines on asset-lights house rentals.
• The country will also clarify regulatory measures for those engaged in sublease operations.
• Housing rental companies need to set up a regulatory account for rental ...

AUSTRALIA COULD TAKE LEAD FROM HOUSING AFFORDIBILTY OF NEW ZEALAND

Highlights:

• Australia along with the other developed countries can be emboldened by the efforts of New Zealand to address the housing affordability
• The house prices have been increasing strongly across a number of countries as the borrowers takes adva...

S. KOREA’S CONSUMER PRICES GREW IN MARCH BY 1.5 PERCENT

Highlights –

• S. Korea’s consumer prices grew in March by 1.5 percent.
• The country’s core inflation rose 0.6 percent on-year in March.
• Prices of agricultural, livestock and fisheries products advanced 13.7 percent in March....

AUSTRALIA HOUSING BOOM BUILDS AS PRICES INCREASED SINCE 1988

Highlights:

• The housing boom of Australia has been building up as the prices have been soaring since 1988
• The house values in the country have been increased by 2.8 percent in the month of March 2021

The housing boom of Australia has...

KOREA LH LAND SPECULATION CASE SUSPECTS STANDS AT 20

Highlights –

• Korea LH land speculation case suspects stands at 20.
• The Gyeonggi Nambu Police Agency on Tuesday booked two workers with regards to LH speculation.
• The country’s Supreme Prosecutors Office sent out directives to 43...

S. KOREA’S HOME TRANSACTION SANK 25 PERCENT IN FEBRUARY 2021

Highlights –

• S. Korea’s home transaction sank 25 percent in February 2021.
• The number of home transactions in Seoul metropolitan area was 47,433 in February.
• In remaining parts of the country home transactions came to 39,588 in ...

S. KOREAN LOCAL GOVT. OFFICIAL ARRESTED OVER ALLEGED LAND SPECULATIONS

Highlights –

• S. Korean local govt. official arrested over alleged land speculations.
• The police sought out an arrest warrant against the senior official.
• The official is said to have bought about 2,600 square meters of land.

POLICE RAID CONDUCTED IN MULTIPLE PLACES OVER LH LAND SPECULATION

Highlights –

• Police raid conducted in multiple places over LH land speculation.
• The Gyeonggi Nambu Police Agency also raided the land ministry.
• The Police also raided headquarters of the Korea Land and Housing Corp. (LH) and 5 other ...

KOREA LH OFFICIALS TO BE SUMMONED FOR ALLEGATIONS OF LAND SPECULATIONS

Highlights –

• Korea LH officials to be summoned for allegations of land speculations.
• Around 20 employees of Korea LH are currently under investigation.
• LH employees are said to have used insider information to purchase land in two cit...

LAND MINISTER LIKELY TO STEP DOWN OVER LH EMPLOYEES LAND PURCHASES

Highlights –

• Land Minister likely to step down over LH Employees land purchases.
• The land minister is said to come up with measures to prevent employees with speculative land purchases.
• LH employees bought lands in two cities that hav...

S. KOREA LH SEES 70 MORE EMPLOYEES INVOLVED IN CORRUPTION SCANDAL

Highlights –

• S. Korea LH sees 70 more employees involved in corruption scandal.
• An opposition lawmaker has claimed an increasing lot of employees in the scandal.
• LH employees are accused of using insider information to buy $8.88 milli...

KOREA LH RAIDED BY POLICE OVER ALLEGATIONS OF LAND SPECULATION

Highlights –

• Korea LH raided by police over allegations of land speculation.
• The Gyeonggi Nambu Police Agency sent investigators to the Korea LH headquarters.
• Officials used classified information to buy farmland in Gwangmyeong and Si...

S. KOREA’S CPI ROSE AT A FASTER PACE IN FEBRUARY BY 1.1 PERCENT

Highlights –

• S. Korea’s CPI rose at a faster pace in February by 1.1 percent.
• The CPI in comparison with a month earlier grew 0.5 percent in February.
• The country’s core inflation rose 0.3 percent in February.
• B...

INDIAN GOVERNMENT APPROVES CONSTRUCTION OF 56,368 NEW HOUSES

HIGHLIGHTS

• Under Pradhan Mantri Awas Yojana 2021, the Indian government has approved the construction of 56,368 New Houses.
• The progress of Light House Projects was recently reviewed.
• MoHUA has urged the UTs and states to ensure 100% comple...

DANKE APARTMENT: CHINESE HOUSING APP THAT LEFT MANY HOMELESS

• It was yet one of those days when Beijing resident Xiaoyue and his wife returned to their rented flat after dinner but this time, only to find another couple standing at their door, altering the locks.
• The man and woman were their landlords. They wanted Xiaoyue and his wife to ...

SHORTAGE OF STEEL RODS IN INDIA AFFECTS CONSTRUCTION INDUSTRY

HIGHLIGHTS

• In India, input costs of construction steel are increasing.
• Unable to keep up with higher input costs, construction steel producers have limited production and thus limited sales.
• Scarcity of steel rods is slowing down constructi...