Citi says interest rates may matter more for economy than stock valuations

New York City is already falling behind on its housing development goals after a strong start to 2026, according to a new report from the Real Estate Board of New York. Developers filed plans for 172 new apartment buildings between April and June, spanning 8,064 units, 52% fewer than the first quarter and less than…

Lincoln Property Co. has purchased Charlotte-based developer The Spectrum Cos. in a deal that Lincoln says will help it grow its footprint across the Carolinas. Dallas-based Lincoln will combine its Carolinas platform with Spectrum and will also include Spectrum’s northern and central Florida multifamily business, Lincoln said in a Tuesday press release. The companies say…

The company intends to repurchase a large amount of shares through January 2028, reflecting its “confidence in the long-term opportunity ahead.”

California is suing five cities for repeatedly failing to plan for their share of housing, Gov. Gavin Newsom announced. KTLA reported that Attorney General Rob Bonta and the California Department of Housing and Community Development (HCD) filed lawsuits against Calexico, Costa Mesa, Half Moon Bay, Ridgecrest, and Turlock. The suits accuse each city of violating…

SYDNEY, AUSTRALIA – MAY 30: The Sydney Harbour Bridge and skyline is illuminated during Vivid Sydney 2024 on May 30, 2024 in Sydney, Australia. Brendon Thorne | Getty Images News | Getty Images Australia’s economic growth beat expectations in the second quarter, expanding 2.1% year on year, data released Wednesday showed. Economists polled by Reuters…