Housing market
BusinessReutersGeneral Atlantic exits India's PNB Housing in $127 million deal
U.S. private equity firm General Atlantic on Wednesday sold its entire stake worth 10.69 billion rupees ($127.40 million) in India's PNB Housing Finance, stock exchange data showed. Shares of the mortgage lender closed 10.1% higher on Wednesday. The company, which had a 5.1% stake in PNB Housing as of June 30, sold 13.3 million shares for 802.50 rupees apiece, a discount to the stock's closing price of 810.90 rupees on Tuesday.
U.S.BloombergCalifornia Munis for Police, Teacher Housing Show Cracks
(Bloomberg) -- High-yield municipal bonds issued to finance housing for police officers, teachers and nurses in California are showing signs of strain. Most Read from BloombergThe Serious Work That Free Play Can Do‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksMira Vista Hills Apartments, a 280-unit rental complex in the Bay Area city of Antioch, disclosed in a Friday filing that it didn’t meet a debt-service cove
BusinessBloombergToll Sees Solid Demand for Luxury Homes as Mortgage Rates Fall
(Bloomberg) -- Toll Brothers Inc. raised its expectations for profit margins for its full fiscal year as lower mortgage rates sparked demand for the company’s luxury homes.Most Read from BloombergThe Serious Work That Free Play Can Do‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemToll projects deliveries of 10,650 to 10,750 homes in its full fiscal year, compared