Sales of new U.S. single-family homes unexpectedly rose in May, but the rebound is likely to be temporary as home prices continue to increase and the average contract rate on a 30-year fixed-rate mortgage approaches 6%, reducing affordability.
Summit Industrial Income REIT : * SUMMIT INDUSTRIAL INCOME REIT ANNOUNCES SUSPENSION OF DISTRIBUTION REINVESTMENT PLAN Source text for Eikon: Further company coverage:
Macy's Inc: * MACY'S, ON SCOTUS DECISION, SAYS TO EXPAND OUR BENEFITS PROGRAM TO PROVIDE TRAVEL REIMBURSEMENT FOR COLLEAGUES TO RECEIVE THE MEDICAL CARE NEEDED. * MACY'S, ON SCOTUS DECISION, SAYS WILL ABIDE BY EXISTING LAWS AND LEGAL STANDARDS Further company coverage:
Four Corners Property Trust Inc (FCPT) : * FCPT ANNOUNCES ACQUISITION OF A DAVITA KIDNEY CARE PROPERTY FOR $2.2 MILLION Source text for Eikon: Further company coverage:
* New home sales rebound 10.7% in May; April data revised up. * Median house price jumps 15.0% to $449,000 from year ago. * Consumer sentiment tumbles to record low in June. By Lucia Mutikani.
Sales of new U.S. single-family homes unexpectedly rose in May, but the rebound is likely to be temporary as home prices continue to increase and the average contract rate on a 30-year fixed-rate mortgage approaches 6%, reducing affordability. New home sales jumped 10.7% to a seasonally adjusted annual rate of 696,000 units last month, the Commerce Department said on Friday.
Sales of new U.S. single-family homes unexpectedly rose in May, but the rebound is likely temporary as home prices remain elevated and mortgage rates approach 6%, reducing affordability. New home sales jumped 10.7% to a seasonally adjusted annual rate of 696,000 units last month, the Commerce Department said on Friday.
The Baltic Exchange's main sea freight index fell on Friday and registered a weekly fall, pressured by a drop in rates across vessel segments. * The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 23 points, or about 1%, to 2,331. * The index was down 9.6% for the week. * The capesize index lost 23 points, or 1%, to 2,396.
Pebblebrook Hotel Trust (PEB): * PEBBLEBROOK HOTEL TRUST ACQUIRES GURNEY'S NEWPORT RESORT & MARINA IN NEWPORT, RI. * Pebblebrook Hotel Trust (PEB)- DEAL FOR $174.0 MILLION. * Pebblebrook Hotel Trust (PEB)- FUNDED ACQUISITION WITH CASH ON HAND AND PROCEEDS FROM ITS SENIOR UNSECURED REVOLVING CREDIT FACILITY Source text for Eikon: Further company coverage:
The following bids, mergers, ** Barclays (JJCTF) has struck a deal worth around 2.3 billion pounds to buy specialist lender Kensington Mortgage Company, extending its reach in Britain's housing market.
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