Cavco, Champion eye long-term growth from chassis removal

On May 21, shortly before Memorial Day weekend, participants in public real estate markets awoke to a truly remarkable headline.  AvalonBay Communities, the owner of 98,000 apartments and with a market capitalization of $25 billion, would be merging with Equity Residential, one of the oldest real estate investment trusts (REITs) in America, holding 85,000 apartments…

In my opinion, no asset class is driven more by public policy than municipal securities. Federal or state policy initiatives determine everything from taxes levied upon income, property, and consumer sales to the coveted tax exemption on municipal bonds. Funding priorities and competing allocations of critical, yet thinning, resources for infrastructure and other essential purpose…

Nasdaq-100 Posts Worst Month Since March 2025 Amid heightened AI-related scrutiny, volatile energy prices tied to the ongoing Iran conflict, and mounting uncertainty over the Fed’s policy path, equities were mixed in July, with the Nasdaq-100 declining roughly 7% for its worst month since March 2025. Although the S&P 500 finished the month down 0.1%,…

The Securities and Exchange Commission today proposed the rescission of overly burdensome and costly rules that require companies to provide certain climate-related information in their registration statements and annual reports. The Commission’s proposal focuses on returning the agency to its core mandate – in line with its legal authority – and restoring a materiality-focused approach…

Terms such as depreciation, capital gains, and of course, negative gearing can sound confusing, particularly if you’re unfamiliar with property investing. But negative gearing is pretty simple to understand once the jargon is stripped out, and it can save property investors tax. So, what is negative gearing and how does it work? Here…

Thousands of homes could be built closer to train, tram and underground stations under new planning rules designed to accelerate housing delivery in well-connected areas. The changes, announced by the government as part of an overhaul of the National Planning Policy Framework (NPPF), would introduce a default presumption in favour of housing developments within…