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Residential Building & Real Estate
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Redfin Reports Investor Home Purchases Fall to Lowest Level Since 2020

SEATTLE--(BUSINESS WIRE)--U.S. investor home purchases fell 6% year over year in the first quarter to their lowest level since 2020, when the start of the pandemic ground homebuying to a halt, according to a new report from Redfin, the real estate brokerage powered by Rocket. Prior to 2020, the last time investors bought so few homes was in 2016. Investor home purchases fell in the first quarter largely because elevated housing costs squeezed potential returns. While mortgage rates were slightl...
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Apex Service Partners and Alpine Investors Announce Strategic Minority Investment from Apollo Funds in Apex

TAMPA, Fla. & DALLAS & FORT WORTH, Texas--(BUSINESS WIRE)--Apex Service Partners ("Apex"), the nation’s largest residential HVAC, plumbing and electrical services business, today announced that it has entered into a definitive agreement with funds managed by affiliates of Apollo ("Apollo Funds"), under which Apollo Funds will acquire a minority interest in Apex. Apollo Funds will partner with Apex’s management team and existing investor, Alpine Investors ("Alpine"), which is also making an addi...
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Higher Mortgage Rates Push Pending Home Sales Down for Second Straight Week

SEATTLE--(BUSINESS WIRE)--Fewer house hunters are going under contract to buy homes, according to a new report from Redfin, the real estate brokerage powered by Rocket. U.S. pending home sales fell 1.5% from a week earlier on a seasonally adjusted basis during the week ending May 24, the second straight decline after four weeks of increases. Additionally, mortgage-purchase applications decreased to their lowest level since early April. House hunters are backing off mainly because mortgage rates...
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Real to Present at the William Blair 46th Annual Growth Stock Conference

MIAMI--(BUSINESS WIRE)--Real to Present at the William Blair 46th Annual Growth Stock Conference...
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Perini Management Services, Inc. Awarded $81.8 Million U.S. Coast Guard Family Housing Project in Kodiak, AK

FRAMINGHAM, Mass.--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that its subsidiary, Perini Management Services, Inc. (PMSI), has been awarded a contract valued at approximately $81.8 million by the U.S. Coast Guard (USCG), for the design and construction of the Family Housing Phase IV and Aviation Hill Water Tank at Nemetz Park Site, USCG Base Kodiak in Alaska. The project scope of work incl...
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Ellington Financial Announces Estimated Book Value Per Common Share as of April 30, 2026

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) ("we") today announced an estimated book value per share of common stock of $13.43 as of April 30, 2026. This estimate includes the effect of the previously announced monthly dividend of $0.13 per share of common stock, to be paid on May 29, 2026 to holders of record on April 30, 2026, with the same ex-dividend date. Cautionary Statement Regarding Forward-Looking Statements Estimated book value per common share is subje...
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Core & Main to Announce Fiscal 2026 First Quarter Results

ST. LOUIS--(BUSINESS WIRE)--Core & Main to Announce Fiscal 2026 First Quarter Results...
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Titan America to Participate in Upcoming Investor Conferences

NORFOLK, Va.--(BUSINESS WIRE)--Titan America to Participate in Upcoming Investor Conferences...
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Luxury Presence Reaches $100 Million Annual Recurring Revenue as Top-Producing Agents Unify Their Businesses on One AI Growth Platform

AUSTIN, Texas--(BUSINESS WIRE)--Luxury Presence surpasses $100M ARR as top agents adopt the Presence® platform, a milestone fewer than 2% of venture-backed vertical SaaS reaches....
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Clarion Partners, Vermilion Development, and Quartz Lake Capital Announce Opening of The Duncan

NEW YORK--(BUSINESS WIRE)--Clarion Partners, a leading real estate investment manager and partially owned subsidiary of Franklin Templeton, Vermilion Development, a full-service real estate investment and development company, and Quartz Lake Capital, a private equity real estate investor and manager, announce the opening of The Duncan, a 309-unit multifamily community located within a federally-designated Opportunity Zone at 1625 Lock Lane in Madison, Wisconsin. Overlooking Lake Mendota and sit...