David O’Reilly, CEO of the real estate developer Howard Hughes Corp., told CNN that he’s “cautiously optimistic” that the residential housing market is rebounding
Mortgage applications fell in late February to a 28-year low, according to the Mortgage Bankers Association. But some of the country’s largest homebuilders are undeterred. after a downturn in the second half of 2022. Before the Bell spoke with O’Reilly about Howard Hughes Corp\n \n . and his outlook for the market. This interview has been edited for clarity. Recent data point to doom and gloom for the housing market.
Jobs, Powell and Biden: What investors are watching this week ▸ It’s all about the labor market this week as a slew of jobs data for February is set to be released. Last month’s massive surprise — 517,000 jobs were added to the US economy when economists were expecting 185,000 — sent the stock market reeling. Investors are hoping that numbers fall back down to earth to help cool the economy and inflation along with it.
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