๐ข ๐๐๐๐ฅ ๐๐ฌ๐ญ๐๐ญ๐ ๐ญ๐ฎ๐ซ๐๐ฎ๐ฅ๐๐ง๐๐?
๐ด New home sales slipped 0.6% to a seasonally adjusted annual rate of 617,000 units last month, the lowest level since November.
๐ด Building permits declined 3.8% (-9.5% y/y) to 1.386 million after falling an unrevised 3.0% in April. Permits have declined each month this year and are at the lowest level since June 2020.
๐ด Blackstone Mortgage Trust shares dropped 10% after the company cut its dividend by 24%, citing problems with empty office spaces.
Blackstoneโs dividend cut isn't uniqueโKKR Real Estate Finance Trust did the same in February. Experts believe this trend could prompt other companies to follow, intensifying worries about the commercial real estate sector's stability due to Blackstone's market influence.
$BXMT (Blackstone Mortgage Trust Inc)$SPX500... Show More
