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Home Depot Acquires Roofing and Building Supply Firm SRS Distribution
March 28, 2024
Mariel Alumit
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The Home Depot (NYSE:HD) is acquiring SRS Distribution Inc., a residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor, for $18.25 billion. SRS employs a 2,500-plus professional sales […]
Mortgage rates inch closer to 7% in the midst of a strong economy
February 17, 2023
Mark Paul Cervantes
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Economic data indicating that the U.S. economy has remained resilient despite the Federal Reserve‘s tightening monetary policy led to a substantial increase in mortgage rates last week. Does this mean mortgage rates are close to […]
Spasms in UK mortgage market spell pain for homeowners, economy
June 15, 2023
Mark Paul Cervantes
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Comments Off on Spasms in UK mortgage market spell pain for homeowners, economy
LONDON, June 15 (Reuters) – Bedlam in Britain’s 1.5 trillion-pound ($1.9 trillion) mortgage market, fuelled by ructions in money markets, threatens to trigger a renewed slump in housing activity and financial pain for homeowners on […]