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Residential Building & Real Estate
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Bilt and Rakuten Launch Partnership to Power Smart Rewards this Holiday Shopping Season

NEW YORK--(BUSINESS WIRE)--Holiday shoppers, get ready: Bilt and Rakuten just launched a powerful new partnership that starts TODAY, letting over 5 million Bilt Members redeem Cash Back rewards from Rakuten for Bilt Points just by shopping at thousands of stores. This incredible partnership arrives perfectly timed for Black Friday and the biggest shopping season of the year, so that you can earn rewards on every holiday purchase from more than 3,500 retailers. Bilt, which is now integrated into...
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Trex Expands Distribution Collaboration With SBP in the Midwest

WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. (NYSE: TREX), the world’s largest manufacturer of wood-alternative decking and residential railing products, is expanding its relationship with Specialty Building Products (SBP) in Michigan. SBP will now provide state-wide distribution coverage out of its Jackson and Traverse City Amerhart distribution centers. This expansion builds on the success of the long-standing Trex-SBP national collaboration. The expansion of Amerhart’s distribution c...
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Flood-Prone America Is Seeing More People Move Out Than In for the First Time Since 2019

SEATTLE--(BUSINESS WIRE)--Flood-prone America is losing more residents than it’s gaining for the first time since 2019, according to a new report from Redfin, the real estate brokerage powered by Rocket. High-flood-risk counties saw 29,027 more people move out than in last year. By comparison, low-flood-risk counties saw 35,941 more people move in than out—the largest gain since 2019. Major hubs in coastal Florida, Texas, New York and Louisiana were driving forces behind the national net outflo...
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1031 CORP. Honors Veterans and Active Military with Permanent 20% Discount on Exchange Services

COLLEGEVILLE, Pa.--(BUSINESS WIRE)--In honor of Veterans Day and in gratitude for the men and women who have served our country, 1031 CORP., a nationally recognized leader in tax-deferred exchange services, is proud to announce a permanent 20% discount on base exchange fees for all U.S. military veterans and active-duty service members. This initiative is designed to support those who serve and have served in building long-term wealth through strategic real estate investments using 1031 exchang...
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Pending Home Sales Barely Budge, as Buyers Stay Cautious Despite Lower Mortgage Rates

SEATTLE--(BUSINESS WIRE)--U.S. pending home sales ticked up 0.7% year over year during the four weeks ending November 2, the smallest increase in four months, according to a new report from Redfin, the real estate brokerage powered by Rocket. Homes are also taking longer to sell: The typical home that sold in October went under contract in 48 days, the longest span for that month since 2019. Home sales are slow despite declining mortgage rates. The weekly average mortgage rate has fallen to 6.1...
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FHLBank Chicago Awards $52 Million in Affordable Housing Grants to Strengthen Communities throughout Illinois and Wisconsin

CHICAGO--(BUSINESS WIRE)--The Federal Home Loan Bank of Chicago (FHLBank Chicago) today announced it has awarded $52 million through its 2025 Affordable Housing Program (AHP) General Fund round to help finance 37 housing projects located in Illinois and Wisconsin. This funding will enable the acquisition, rehabilitation, and new construction of over 1,600 housing units. "Affordable housing remains a critical need throughout Illinois and Wisconsin, especially as residents face elevated interest...
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United Homes Group, Inc. Reports 2025 Third Quarter Results

COLUMBIA, S.C.--(BUSINESS WIRE)--United Homes Group, Inc. (the “Company”) (NASDAQ: UHG) today announced results for the three and nine months ended September 30, 2025. Third Quarter 2025 Operating Results For the third quarter 2025, net loss was $31.3 million, or $0.53 per diluted share, which included a loss from the change in fair value of derivative liabilities of $27.2 million, with that change predominantly due to changes in fair value on potential earn-out consideration and warrants due t...
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Granite Reports Third Quarter 2025 Results

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) today announced results for the quarter ended September 30, 2025. Third Quarter 2025 Results Net income attributable to Granite totaled $103 million, or $1.98 per diluted share, compared to net income attributable to Granite of $79 million, or $1.57 per diluted share, for the same period in the prior year. Adjusted net income attributable to Granite (2) totaled $124 million, or $2.70 per diluted share, compared to adjusted net income att...
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Amerant Bancorp Announces Executive Transition

CORAL GABLES, Fla.--(BUSINESS WIRE)--Amerant Bancorp Inc. (NYSE: AMTB) (the “Company” or “Bank” or “Amerant”) today announced that the Company’s Board of Directors (“Board”) and Jerry Plush, Chairman and CEO, have mutually agreed for him to step down, effective November 5, 2025. The Board has appointed Carlos Iafigliola, Senior Executive Vice President (“SEVP”) and Chief Operating Officer (“COO”), Interim Chief Executive Officer (“Interim CEO”). In addition, Odilon Almeida Jr., who had been ser...
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Walker & Dunlop Reports Third Quarter 2025 Financial Results

BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop Reports Third Quarter 2025 Financial Results...